DIS FY 2008 Earnings Report — The Walt Disney Company Revenue & Financial Results | Market Cap Arena

The Walt Disney CompanyDIS

FY 2008 Earnings

Reported September 29, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$37.8B	—	$35.5B	—	6.6%
Op. Income	$7.4B	—	$6.8B	—	9.8%
Gross Margin	19.7%	—	19.1%	—	0.6pp
Net Margin	11.7%	—	13.2%	—	-1.5pp
EPS (Diluted)	$2.28	—	$2.25	—	1.3%
Free Cash Flow	$3.9B	—	$3.9B	—	0.1%

Revenue Flow

Item	Amount
REVENUE	$37.8B
Cost of Revenue	$30.4B
GROSS PROFIT	$7.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$0
Operating Expenses	$0
Cost & Expenses	$30.4B
OPERATING INCOME	$7.4B
Interest Income	$0
Interest Expense	$524M
Other Income/Expenses	-$41M
INCOME BEFORE TAX	$7.4B
Income Tax Expense	$2.7B
Net Income from Continuing Ops	$4.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.4B
D&A	$1.6B
EBIT	$7.9B
EBITDA	$9.5B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$37.8B
Cost of Revenue	$30.4B
GROSS PROFIT	$7.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$0
Operating Expenses	$0
Cost & Expenses	$30.4B
OPERATING INCOME	$7.4B
Interest Income	$0
Interest Expense	$524M
Other Income/Expenses	-$41M
INCOME BEFORE TAX	$7.4B
Income Tax Expense	$2.7B
Net Income from Continuing Ops	$4.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.4B
D&A	$1.6B
EBIT	$7.9B
EBITDA	$9.5B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$4.4B
Depreciation & Amortization	$1.6B
Stock-Based Compensation	$0
Deferred Income Tax	-$128M
Other Non-Cash Items	$114M
Change in Working Capital	-$549M
OPERATING CASH FLOW	$5.4B
Capital Expenditure	-$1.6B
Acquisitions (Net)	-$660M
Purchases of Investments	$0
Sales/Maturities of Investments	$84M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$2.2B
Net Debt Issuance	$528M
Common Stock Repurchased	-$4.5B
Common Dividends Paid	-$664M
Other Financing Activities	$636M
NET CASH FROM FINANCING	-$4.0B
FREE CASH FLOW	$3.9B
Net Change in Cash	-$669M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.0B
Short-Term Investments	$0
Net Receivables	$5.4B
Inventory	$1.1B
Other Current Assets	$1.7B
TOTAL CURRENT ASSETS	$11.7B
PP&E (Net)	$17.5B
Goodwill	$22.2B
Intangible Assets	$7.8B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$3.3B
TOTAL NON-CURRENT ASSETS	$50.8B
TOTAL ASSETS	$62.5B
Account Payables	$4.4B
Short-Term Debt	$3.5B
Deferred Revenue	$0
Other Current Liabilities	$2.3B
TOTAL CURRENT LIABILITIES	$11.6B
Long-Term Debt	$11.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.4B
Other Non-Current Liabilities	$3.2B
TOTAL NON-CURRENT LIABILITIES	$17.2B
TOTAL LIABILITIES	$28.8B
Common Stock	$26.5B
Additional Paid-In Capital	$0
Retained Earnings	$28.4B
Treasury Stock	-$22.6B
Accum. Other Comp. Income	-$81M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$32.3B
Minority Interest	$1.3B
TOTAL EQUITY	$33.7B
TOTAL LIABILITIES & EQUITY	$62.5B
Total Debt	$14.9B
Net Debt	$11.9B