Stock Analysis on Net

Walt Disney Co. (NYSE:DIS)

Income Statement 

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Walt Disney Co., consolidated income statement

US$ in millions

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12 months ended: Oct 2, 2021 Oct 3, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017 Oct 1, 2016
Services 61,768  59,265  60,542  50,869  46,843  47,130 
Products 5,650  6,123  9,028  8,565  8,294  8,502 
Revenues 67,418  65,388  69,570  59,434  55,137  55,632 
Cost of services, exclusive of depreciation and amortization (41,129) (39,406) (36,450) (27,528) (25,320) (24,653)
Cost of products, exclusive of depreciation and amortization (4,002) (4,474) (5,568) (5,198) (4,986) (5,340)
Cost of revenues, exclusive of depreciation and amortization (45,131) (43,880) (42,018) (32,726) (30,306) (29,993)
Gross profit 22,287  21,508  27,552  26,708  24,831  25,639 
Selling, general, administrative and other (13,517) (12,369) (11,541) (8,860) (8,176) (8,754)
Depreciation and amortization (5,111) (5,345) (4,160) (3,011) (2,782) (2,527)
Restructuring and impairment charges (654) (5,735) (1,183) (33) (98) (156)
Operating income (loss) 3,005  (1,941) 10,668  14,804  13,775  14,202 
DraftKings gain (loss) (111) 973  —  —  —  — 
fuboTV gain 186  —  —  —  —  — 
German FTA gain 126  —  —  —  —  — 
Endemol Shine gain —  65  —  —  —  — 
Hulu gain —  —  4,794  —  —  — 
Insurance recoveries (settlements) related to legal matters —  —  46  38  (177) — 
Charge for the extinguishment of a portion of the debt originally assumed in the TFCF acquisition —  —  (511) —  —  — 
Gain on sale of real estate, property rights and other —  —  28  560  —  — 
Gain related to the acquisition of BAMTech —  —  —  255  — 
Other income, net 201  1,038  4,357  601  78  — 
Interest expense (1,546) (1,647) (1,246) (682) (507) (354)
Interest income, investment income and other 140  156  268  108  122  94 
Interest expense, net (1,406) (1,491) (978) (574) (385) (260)
Equity in the income (loss) of investees 761  651  (103) (102) 320  926 
Income (loss) from continuing operations before income taxes 2,561  (1,743) 13,944  14,729  13,788  14,868 
Income taxes on continuing operations (25) (699) (3,031) (1,663) (4,422) (5,078)
Net income (loss) from continuing operations 2,536  (2,442) 10,913  13,066  9,366  9,790 
Income (loss) from discontinued operations, net of income tax (expense) benefit (29) (32) 671  —  —  — 
Net income (loss) 2,507  (2,474) 11,584  13,066  9,366  9,790 
Net income attributable to noncontrolling and redeemable noncontrolling interests (512) (390) (530) (468) (386) (399)
Net income (loss) attributable to The Walt Disney Company (Disney) 1,995  (2,864) 11,054  12,598  8,980  9,391 

Based on: 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-10-01).

Income statement item Description The company
Revenues Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Walt Disney Co. revenues decreased from 2019 to 2020 but then slightly increased from 2020 to 2021.
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Walt Disney Co. operating income (loss) decreased from 2019 to 2020 but then slightly increased from 2020 to 2021.
Income (loss) from continuing operations before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Walt Disney Co. income (loss) from continuing operations before income taxes decreased from 2019 to 2020 but then slightly increased from 2020 to 2021.
Net income (loss) attributable to The Walt Disney Company (Disney) The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Walt Disney Co. net income (loss) attributable to The Walt Disney Company (Disney) decreased from 2019 to 2020 but then slightly increased from 2020 to 2021.