DIS FY 2006 Earnings Report — The Walt Disney Company Revenue & Financial Results | Market Cap Arena

The Walt Disney CompanyDIS

FY 2006 Earnings

Reported September 29, 2006

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$33.7B	—	—	—	—
Op. Income	$5.4B	—	—	—	—
Gross Margin	15.9%	—	—	—	—
Net Margin	10.0%	—	—	—	—
EPS (Diluted)	$1.64	—	—	—	—
Free Cash Flow	$4.8B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$33.7B
Cost of Revenue	$28.4B
GROSS PROFIT	$5.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$0
Operating Expenses	$0
Cost & Expenses	$28.4B
OPERATING INCOME	$5.4B
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$31M
INCOME BEFORE TAX	$5.3B
Income Tax Expense	$1.8B
Net Income from Continuing Ops	$3.3B
Net Income from Discontinued Ops	$70M
Other Adjustments	$183M
NET INCOME	$3.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.4B
D&A	$1.4B
EBIT	$5.4B
EBITDA	$6.8B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$33.7B
Cost of Revenue	$28.4B
GROSS PROFIT	$5.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$0
Operating Expenses	$0
Cost & Expenses	$28.4B
OPERATING INCOME	$5.4B
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$31M
INCOME BEFORE TAX	$5.3B
Income Tax Expense	$1.8B
Net Income from Continuing Ops	$3.3B
Net Income from Discontinued Ops	$70M
Other Adjustments	$183M
NET INCOME	$3.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.4B
D&A	$1.4B
EBIT	$5.4B
EBITDA	$6.8B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$3.4B
Depreciation & Amortization	$1.4B
Stock-Based Compensation	$0
Deferred Income Tax	-$136M
Other Non-Cash Items	$1.2B
Change in Working Capital	$84M
OPERATING CASH FLOW	$6.1B
Capital Expenditure	-$1.3B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$1.2B
Other Investing Activities	-$82M
NET CASH FROM INVESTING	-$227M
Net Debt Issuance	$941M
Common Stock Repurchased	-$6.9B
Common Dividends Paid	-$519M
Other Financing Activities	$74M
NET CASH FROM FINANCING	-$5.1B
FREE CASH FLOW	$4.8B
Net Change in Cash	$688M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.4B
Short-Term Investments	$0
Net Receivables	$4.7B
Inventory	$694M
Other Current Assets	$1.8B
TOTAL CURRENT ASSETS	$9.6B
PP&E (Net)	$17.2B
Goodwill	$22.5B
Intangible Assets	$8.1B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$2.6B
TOTAL NON-CURRENT ASSETS	$50.4B
TOTAL ASSETS	$60.0B
Account Payables	$5.9B
Short-Term Debt	$2.7B
Deferred Revenue	$0
Other Current Liabilities	$1.6B
TOTAL CURRENT LIABILITIES	$10.2B
Long-Term Debt	$10.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.7B
Other Non-Current Liabilities	$3.1B
TOTAL NON-CURRENT LIABILITIES	$16.6B
TOTAL LIABILITIES	$26.8B
Common Stock	$22.4B
Additional Paid-In Capital	$0
Retained Earnings	$20.6B
Treasury Stock	-$11.2B
Accum. Other Comp. Income	-$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$31.8B
Minority Interest	$1.3B
TOTAL EQUITY	$33.2B
TOTAL LIABILITIES & EQUITY	$60.0B
Total Debt	$13.5B
Net Debt	$11.1B