Selected Financial Data
since 2005
Income Statement
Walt Disney Co., selected items from income statement, long-term trends
US$ in millions
| 12 months ended: | Revenues | Net income (loss) attributable to The Walt Disney Company (Disney) |
|---|---|---|
| Sep 28, 2024 | 91,361) | 4,972) |
| Sep 30, 2023 | 88,898) | 2,354) |
| Oct 1, 2022 | 82,722) | 3,145) |
| Oct 2, 2021 | 67,418) | 1,995) |
| Oct 3, 2020 | 65,388) | (2,864) |
| Sep 28, 2019 | 69,570) | 11,054) |
| Sep 29, 2018 | 59,434) | 12,598) |
| Sep 30, 2017 | 55,137) | 8,980) |
| Oct 1, 2016 | 55,632) | 9,391) |
| Oct 3, 2015 | 52,465) | 8,382) |
| Sep 27, 2014 | 48,813) | 7,501) |
| Sep 28, 2013 | 45,041) | 6,136) |
| Sep 29, 2012 | 42,278) | 5,682) |
| Oct 1, 2011 | 40,893) | 4,807) |
| Oct 2, 2010 | 38,063) | 3,963) |
| Oct 3, 2009 | 36,149) | 3,307) |
| Sep 27, 2008 | 37,843) | 4,427) |
| Sep 29, 2007 | 35,510) | 4,687) |
| Sep 30, 2006 | 34,285) | 3,374) |
| Oct 1, 2005 | 31,944) | 2,533) |
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 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), 10-K (reporting date: 2015-10-03), 10-K (reporting date: 2014-09-27), 10-K (reporting date: 2013-09-28), 10-K (reporting date: 2012-09-29), 10-K (reporting date: 2011-10-01), 10-K (reporting date: 2010-10-02), 10-K (reporting date: 2009-10-03), 10-K (reporting date: 2008-09-27), 10-K (reporting date: 2007-09-29), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-10-01).
- Revenues
- The revenue figures demonstrate an overall upward trend across the periods from 2005 to 2024. Starting at 31,944 million USD in 2005, revenues generally increased year-over-year, reaching 91,361 million USD by 2024. There are intermittent periods of slower growth or slight decline, such as between 2007 and 2009, where revenue fluctuated between 35,510 million and 36,149 million USD. Another visible plateau occurred between 2016 and 2017, with revenues around 55,000 million USD. Following 2017, revenues showed consistent growth up to a peak of 82,722 million USD in 2022, finally reaching 91,361 million USD in 2024. This indicates a strong long-term growth trajectory with minor short-term volatility.
- Net Income (Loss) Attributable to The Walt Disney Company
- Net income exhibits notable variability over the examined timeline. Initially, net income rose steadily from 2,533 million USD in 2005 to a peak of 12,598 million USD in 2018. This period marks a phase of increasing profitability, with a high point in 2018. However, starting in 2019, net income declined sharply, turning negative in 2020 with a loss of 2,864 million USD, reflecting significant financial stress during that year. Post-2020, net income recovered modestly, rising to 4,972 million USD by 2024, yet still below the peak levels observed earlier. This recovery suggests resilience but also highlights volatility in profitability possibly due to external or operational challenges impacting earnings.
- Overall Financial Performance
- The company demonstrates robust revenue growth over the long term while facing episodic profitability challenges. The sharp decline and subsequent recovery in net income around 2020 signify a period of financial disruption, potentially linked to broader market or industry conditions. Despite this, the resumption of positive net income and continued revenue expansion suggest an adaptive business model capable of weathering economic fluctuations. The disparity between consistent revenue growth and volatile net income highlights the importance of cost management and operational efficiency in maintaining stable profitability.
Balance Sheet: Assets
Walt Disney Co., selected items from assets, long-term trends
US$ in millions
| Current assets | Total assets | |
|---|---|---|
| Sep 28, 2024 | 25,241) | 196,219) |
| Sep 30, 2023 | 32,763) | 205,579) |
| Oct 1, 2022 | 29,098) | 203,631) |
| Oct 2, 2021 | 33,657) | 203,609) |
| Oct 3, 2020 | 35,251) | 201,549) |
| Sep 28, 2019 | 28,124) | 193,984) |
| Sep 29, 2018 | 16,825) | 98,598) |
| Sep 30, 2017 | 15,889) | 95,789) |
| Oct 1, 2016 | 16,966) | 92,033) |
| Oct 3, 2015 | 16,758) | 88,182) |
| Sep 27, 2014 | 15,176) | 84,186) |
| Sep 28, 2013 | 14,109) | 81,241) |
| Sep 29, 2012 | 13,709) | 74,898) |
| Oct 1, 2011 | 13,757) | 72,124) |
| Oct 2, 2010 | 12,225) | 69,206) |
| Oct 3, 2009 | 11,889) | 63,117) |
| Sep 27, 2008 | 11,666) | 62,497) |
| Sep 29, 2007 | 11,314) | 60,928) |
| Sep 30, 2006 | 9,562) | 59,998) |
| Oct 1, 2005 | 8,845) | 53,158) |
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 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), 10-K (reporting date: 2015-10-03), 10-K (reporting date: 2014-09-27), 10-K (reporting date: 2013-09-28), 10-K (reporting date: 2012-09-29), 10-K (reporting date: 2011-10-01), 10-K (reporting date: 2010-10-02), 10-K (reporting date: 2009-10-03), 10-K (reporting date: 2008-09-27), 10-K (reporting date: 2007-09-29), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-10-01).
The financial data shows the trends of current assets and total assets over the period from 2005 to 2024. The values are presented in millions of US dollars.
- Current Assets
- The current assets demonstrate a general upward trend from 8,845 million in 2005 to a peak of 35,251 million in 2021. Following this peak, current assets decline to 25,241 million in 2024. This pattern indicates a consistent increase in liquid and short-term assets over most of the observed period, with a significant rise starting around 2018 and peaking in 2021, followed by a notable decrease in subsequent years.
- Total Assets
- Total assets steadily increase from 53,158 million in 2005 to a high of 203,631 million in 2022, indicating significant growth in the overall asset base of the company. However, there is a slight decline generally after 2022, with total assets measured at 196,219 million in 2024. This steady and substantial growth over almost two decades suggests continued investment and expansion, while the recent slight decrease may indicate some divestiture or asset revaluation.
Overall, both current and total assets reveal prolonged expansion with peak values reached around 2021-2022. The contraction in recent years for both categories could reflect strategic shifts, asset disposals, or changes in working capital management. The company’s asset base has grown substantially, with total assets expanding roughly fourfold since 2005, and current assets increasing more than three times during the same interval, demonstrating strong asset accumulation and potential liquidity enhancement up to the peak period.
Balance Sheet: Liabilities and Stockholders’ Equity
Walt Disney Co., selected items from liabilities and stockholders’ equity, long-term trends
US$ in millions
| Current liabilities | Total borrowings | Total Disney Shareholder’s equity | |
|---|---|---|---|
| Sep 28, 2024 | 34,599) | 45,815) | 100,696) |
| Sep 30, 2023 | 31,139) | 46,431) | 99,277) |
| Oct 1, 2022 | 29,073) | 48,369) | 95,008) |
| Oct 2, 2021 | 31,077) | 54,406) | 88,553) |
| Oct 3, 2020 | 26,628) | 58,628) | 83,583) |
| Sep 28, 2019 | 31,341) | 46,986) | 88,877) |
| Sep 29, 2018 | 17,860) | 20,874) | 48,773) |
| Sep 30, 2017 | 19,595) | 25,291) | 41,315) |
| Oct 1, 2016 | 16,842) | 20,170) | 43,265) |
| Oct 3, 2015 | 16,334) | 17,336) | 44,525) |
| Sep 27, 2014 | 13,292) | 14,840) | 44,958) |
| Sep 28, 2013 | 11,704) | 14,288) | 45,429) |
| Sep 29, 2012 | 12,813) | 14,311) | 39,759) |
| Oct 1, 2011 | 12,088) | 13,977) | 37,385) |
| Oct 2, 2010 | 11,000) | 12,480) | 37,519) |
| Oct 3, 2009 | 8,934) | 12,701) | 33,734) |
| Sep 27, 2008 | 11,591) | 14,639) | 32,323) |
| Sep 29, 2007 | 11,391) | 15,172) | 30,753) |
| Sep 30, 2006 | 10,210) | 13,525) | 31,820) |
| Oct 1, 2005 | 9,168) | 12,467) | 26,210) |
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 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), 10-K (reporting date: 2015-10-03), 10-K (reporting date: 2014-09-27), 10-K (reporting date: 2013-09-28), 10-K (reporting date: 2012-09-29), 10-K (reporting date: 2011-10-01), 10-K (reporting date: 2010-10-02), 10-K (reporting date: 2009-10-03), 10-K (reporting date: 2008-09-27), 10-K (reporting date: 2007-09-29), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-10-01).
The analysis of the financial data over the indicated periods reveals several important trends and insights regarding liquidity, leverage, and equity position.
- Current Liabilities
- Current liabilities generally exhibit an upward trajectory, increasing from approximately $9.2 billion in 2005 to about $34.6 billion by 2024. Notably, there is significant volatility, particularly a sharp rise between 2019 and 2020, where liabilities nearly doubled, suggesting increased short-term obligations possibly linked to extraordinary events or strategic shifts. After 2020, liabilities remain elevated although slight fluctuations suggest some management of these obligations.
- Total Borrowings
- Total borrowings also display an increasing trend overall, rising from about $12.5 billion in 2005 to a peak near $58.6 billion in 2021. This peak is followed by a decline over the subsequent years to approximately $45.8 billion in 2024. This pattern indicates a strategic increment in debt financing culminating around 2021, potentially to fund expansion or acquisitions, with subsequent deleveraging or repayment efforts in recent years.
- Total Disney Shareholder’s Equity
- Shareholder’s equity has shown strong growth over the period, advancing from roughly $26.2 billion in 2005 to just over $100.7 billion in 2024. The growth is steady with occasional fluctuations, including a notable jump between 2018 and 2019, and a peak in 2019 at nearly $88.9 billion. This increase reflects sustained profitability, retained earnings, or capital infusions, bolstering the company's net asset base significantly over time.
- Insights and Overall Financial Health
- The simultaneous increase in both borrowings and liabilities suggests a higher reliance on external financing during certain periods, especially around 2019 to 2021. However, the substantial growth in shareholder equity implies strong capital accumulation, which could provide a buffer against the increased financial leverage. The data suggests a balancing act between leveraging debt to fuel growth and maintaining an expanding equity base to support financial stability. The peak in borrowings in 2021 followed by a decline may indicate recent efforts to reduce debt or improve leverage ratios. The elevated current liabilities level post-2019 warrants monitoring for liquidity risks, although the significant equity increase may mitigate those concerns.
Cash Flow Statement
Walt Disney Co., selected items from cash flow statement, long-term trends
US$ in millions
| 12 months ended: | Cash provided by operations | Cash used in investing activities | Cash provided by (used in) financing activities |
|---|---|---|---|
| Sep 28, 2024 | 13,971) | (6,881) | (15,288) |
| Sep 30, 2023 | 9,866) | (4,641) | (2,724) |
| Oct 1, 2022 | 6,002) | (5,008) | (4,729) |
| Oct 2, 2021 | 5,566) | (3,171) | (4,385) |
| Oct 3, 2020 | 7,616) | (3,850) | 8,480) |
| Sep 28, 2019 | 5,984) | (15,096) | (464) |
| Sep 29, 2018 | 14,295) | (5,336) | (8,843) |
| Sep 30, 2017 | 12,343) | (4,111) | (8,959) |
| Oct 1, 2016 | 13,213) | (5,758) | (6,991) |
| Oct 3, 2015 | 10,909) | (4,245) | (5,514) |
| Sep 27, 2014 | 9,780) | (3,345) | (6,710) |
| Sep 28, 2013 | 9,452) | (4,676) | (4,214) |
| Sep 29, 2012 | 7,966) | (4,759) | (2,985) |
| Oct 1, 2011 | 6,994) | (3,286) | (3,233) |
| Oct 2, 2010 | 6,578) | (4,523) | (2,663) |
| Oct 3, 2009 | 5,319) | (1,755) | (3,111) |
| Sep 27, 2008 | 5,446) | (2,162) | (3,953) |
| Sep 29, 2007 | 5,398) | (618) | (3,619) |
| Sep 30, 2006 | 6,058) | (227) | (5,143) |
| Oct 1, 2005 | 4,269) | (1,691) | (2,897) |
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 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), 10-K (reporting date: 2015-10-03), 10-K (reporting date: 2014-09-27), 10-K (reporting date: 2013-09-28), 10-K (reporting date: 2012-09-29), 10-K (reporting date: 2011-10-01), 10-K (reporting date: 2010-10-02), 10-K (reporting date: 2009-10-03), 10-K (reporting date: 2008-09-27), 10-K (reporting date: 2007-09-29), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-10-01).
- Cash Provided by Operations
- The cash provided by operations shows a general increasing trend from 2005 through 2018, rising from $4,269 million to a peak of $14,295 million. However, a significant decline occurs in 2019, dropping sharply to $5,984 million, followed by fluctuations in the subsequent years. The values decrease again in 2020 to $7,616 million, fall further in 2021 and 2022 to $5,566 million and $6,002 million respectively, and then recover notably to $9,866 million in 2023 and $13,971 million in 2024. The pattern indicates volatility in operating cash inflows with a strong recovery in the most recent years.
- Cash Used in Investing Activities
- Investing activities consistently show cash outflows throughout the period, with negative values across all years. The magnitude of outflows varies, starting from a relatively low -$1,691 million in 2005, decreasing to an outlier low of -$227 million in 2006, and then increasing to larger outflows in subsequent years. The period from 2009 to 2019 presents substantial and fluctuating cash use for investing, with a particularly large outflow of -$15,096 million in 2019. After a reduction in 2020 and 2021, outflows rise again in 2024, reaching -$6,881 million, indicating ongoing significant investment spending with periodic intensifications.
- Cash Provided by (Used in) Financing Activities
- Financing activities predominantly exhibit negative cash flows, indicating net cash used in this area for most years from 2005 to 2019. The values fluctuate between approximately -$2,897 million and -$8,959 million in most years, demonstrating consistent cash outflows. However, there is a notable anomaly in 2020, where financing activities generated a positive cash inflow of $8,480 million, indicating a significant change in financing strategy or capital structure activities during that year. This is followed by a return to negative cash flows in 2021, 2022, and 2023. The most recent data in 2024 shows a sharp increase in cash outflows to -$15,288 million, suggesting intensified financing uses or repayments in that period.
Per Share Data
Walt Disney Co., selected data per share, long-term trends
US$
| 12 months ended: | Basic earnings per share 1 | Diluted earnings per share 2 | Dividend per share 3 |
|---|---|---|---|
| Sep 28, 2024 | 2.72 | 2.72 | 0.75 |
| Sep 30, 2023 | 1.29 | 1.29 | 0.00 |
| Oct 1, 2022 | 1.73 | 1.72 | 0.00 |
| Oct 2, 2021 | 1.10 | 1.09 | 0.00 |
| Oct 3, 2020 | -1.58 | -1.58 | 0.88 |
| Sep 28, 2019 | 6.68 | 6.64 | 1.76 |
| Sep 29, 2018 | 8.40 | 8.36 | 1.68 |
| Sep 30, 2017 | 5.73 | 5.69 | 1.56 |
| Oct 1, 2016 | 5.76 | 5.73 | 1.42 |
| Oct 3, 2015 | 4.95 | 4.90 | 1.81 |
| Sep 27, 2014 | 4.31 | 4.26 | 0.86 |
| Sep 28, 2013 | 3.42 | 3.38 | 0.75 |
| Sep 29, 2012 | 3.17 | 3.13 | 0.60 |
| Oct 1, 2011 | 2.56 | 2.52 | 0.40 |
| Oct 2, 2010 | 2.07 | 2.03 | 0.35 |
| Oct 3, 2009 | 1.78 | 1.76 | 0.35 |
| Sep 27, 2008 | 2.34 | 2.28 | 0.35 |
| Sep 29, 2007 | 2.34 | 2.25 | 0.31 |
| Sep 30, 2006 | 1.68 | 1.64 | 0.27 |
| Oct 1, 2005 | 1.25 | 1.22 | 0.24 |
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 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), 10-K (reporting date: 2015-10-03), 10-K (reporting date: 2014-09-27), 10-K (reporting date: 2013-09-28), 10-K (reporting date: 2012-09-29), 10-K (reporting date: 2011-10-01), 10-K (reporting date: 2010-10-02), 10-K (reporting date: 2009-10-03), 10-K (reporting date: 2008-09-27), 10-K (reporting date: 2007-09-29), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-10-01).
1, 2, 3 Data adjusted for splits and stock dividends.
The financial data displays a clear pattern in earnings per share (EPS), both basic and diluted, over the period from 2005 to 2024. EPS figures generally experienced growth from 2005 through 2019, with basic EPS increasing from 1.25 US dollars in 2005 to a peak of 8.4 US dollars in 2018. Diluted EPS follows a similar pattern. However, the data shows a significant downturn in 2020, with negative EPS recorded (-1.58 US dollars), likely reflecting extraordinary challenges during that fiscal year. From 2021 onwards, EPS figures recovered moderately, showing positive values but remaining below the pre-2020 peak levels through 2024.
The dividend per share exhibits a steady increase from 2005 up until 2015, growing from 0.24 to 1.81 US dollars. After 2015, dividends display some volatility, including a notable drop in 2016 to 1.42 US dollars and a further decline starting in 2020 with a value of 0.88 US dollars and intermittent missing data in subsequent years. Dividends in 2024 are lower relative to the peak observed in 2015.
- Basic Earnings Per Share (EPS)
- Steady growth from 1.25 US dollars in 2005 to a high of 8.4 US dollars in 2018.
- Sharp decline to -1.58 US dollars in 2020, indicating financial difficulties.
- Partial recovery post-2020 with figures stabilizing around 1.29 to 2.72 US dollars by 2024.
- Diluted Earnings Per Share (EPS)
- Trend closely mirrors basic EPS, increasing to 8.36 US dollars in 2018.
- Also negatively impacted in 2020, with the same value of -1.58 US dollars.
- Subsequent recovery parallels that of basic EPS through 2024.
- Dividend Per Share
- Gradual increase from 0.24 US dollars in 2005 up to 1.81 US dollars in 2015.
- Fluctuations and decreases post-2015, including an abrupt drop to 0.88 US dollars in 2020.
- Incomplete data present after 2020, with 0.75 US dollars reported in 2024, remaining below earlier peaks.
Overall, the data reflects a long-term growth trajectory in earnings with a significant disruption in 2020, followed by gradual recovery. Dividends followed a similar growth path until 2015 but showed variability and reduction after 2015, especially in the years around and after the 2020 downturn. These trends are indicative of operational and possibly market conditions impacting profitability and shareholder returns, with a recovery phase currently underway but not yet reaching previous high levels.