Stock Analysis on Net

Walt Disney Co. (NYSE:DIS)

Cash Flow Statement 

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Walt Disney Co., consolidated cash flow statement

US$ in millions

Microsoft Excel
12 months ended: Oct 2, 2021 Oct 3, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017 Oct 1, 2016
Net income (loss) from continuing operations 2,536  (2,442) 10,913  13,066  9,366  9,790 
Depreciation and amortization 5,111  5,345  4,160  3,011  2,782  2,527 
Goodwill and intangible asset impairments —  4,953  —  —  —  — 
Net gain on investments, acquisitions and dispositions (332) (920) (4,794) (560) (289) (26)
Deferred income taxes (1,241) (392) 117  (1,573) 334  1,214 
Equity in the (income) loss of investees (761) (651) 103  102  (320) (926)
Cash distributions received from equity investees 754  774  754  775  788  799 
Net change in produced and licensed content costs and advances (4,301) 397  (542) (523) (1,075) (101)
Net change in operating lease right of use assets/liabilities 46  31  —  —  —  — 
Equity-based compensation 600  525  711  393  364  393 
Pension and postretirement medical amortization 816  547  278  —  —  — 
Other, net 144  94  (72) 441  503  445 
Receivables (357) 1,943  55  (720) 107  (393)
Inventories 252  14  (223) (17) (5) 186 
Other assets 171  (157) 932  (927) (52) (137)
Accounts payable and other accrued liabilities 2,410  (2,293) 191  235  (368) 40 
Income taxes (282) (152) (6,599) 592  208  (598)
Changes in operating assets and liabilities, net of business acquisitions 2,194  (645) (5,644) (837) (110) (902)
Cash provided by operations 5,566  7,616  5,984  14,295  12,343  13,213 
Investments in parks, resorts and other property (3,578) (4,022) (4,876) (4,465) (3,623) (4,773)
Acquisitions —  —  (9,901) (1,581) (417) (850)
Other 407  172  (319) 710  (71) (135)
Cash used in investing activities (3,171) (3,850) (15,096) (5,336) (4,111) (5,758)
Commercial paper borrowings (payments), net (26) (3,354) 4,318  (1,768) 1,247  (920)
Borrowings 64  18,120  38,240  1,056  4,820  6,065 
Reduction of borrowings (3,737) (3,533) (38,881) (1,871) (2,364) (2,205)
Dividends —  (1,587) (2,895) (2,515) (2,445) (2,313)
Repurchases of common stock —  —  —  (3,577) (9,368) (7,499)
Proceeds from exercise of stock options 435  305  318  210  276  259 
Contributions from/sales of noncontrolling interests 91  94  737  399  17  — 
Acquisition of noncontrolling and redeemable noncontrolling interests (350) —  (1,430) —  —  — 
Other (862) (1,565) (871) (777) (1,142) (378)
Cash provided by (used in) financing activities (4,385) 8,480  (464) (8,843) (8,959) (6,991)
Cash provided by operations, discontinued operations 622  —  —  — 
Cash provided by investing activities, discontinued operations 213  10,978  —  —  — 
Cash used in financing activities, discontinued operations —  —  (626) —  —  — 
Cash provided by discontinued operations 215  10,974  —  —  — 
Impact of exchange rates on cash, cash equivalents and restricted cash 30  38  (98) (25) 31  (123)
Change in cash, cash equivalents and restricted cash (1,951) 12,499  1,300  91  (696) 341 
Cash, cash equivalents and restricted cash, beginning of year 17,954  5,455  4,155  4,064  4,760  4,269 
Cash, cash equivalents and restricted cash, end of year 16,003  17,954  5,455  4,155  4,064  4,610 

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).

Cash flow statement item Description The company
Cash provided by operations Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Walt Disney Co. cash provided by operations increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.
Cash used in investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Walt Disney Co. cash used in investing activities increased from 2019 to 2020 and from 2020 to 2021.
Cash provided by (used in) financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Walt Disney Co. cash provided by (used in) financing activities increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.