1. Look at the most recent Annual Report for your company. Find the Income Statement. From the Income Statement, identify the following numbers for each of the past 3 years (note your company may use different terminology).

Total Sales or Total Revenue: The reported total revenue for the Walt Disney Company in 2020 was listed as roughly $65,388,000,000 dollars. In 2019 the Walt Disney Company reported total revenue as roughly $69,607,000,000 dollars. The reported total revenue for the Walt Disney Company in 20180 was listed as roughly $59,434,000,000 dollars.

Total Cost of Goods Sold or Total Cost of Sales: The following numbers given are the companys reported total costs of goods and services, however it does not include depreciation and amortization. The Walt Disney Company, in 2020, reported $43,880,000,000 as their total costs of goods and services. In 2019 the Walt Disney Company reported a total of $42,061,000,000 as the cost of their services and goods. $32,726,000,000 was the total cost of goods and services reported by the Walt Disney Company during the 2018 annual report.

Total Operating Expenses: The annual total operating expenses reported by the Walt Disney Company in 2020 was $67,329,000,000. In 2019 however, the Walt Disney Company reported that the total cost of operation was quite a bit lower at $58,960,000,000. The Walt Disney Company reported a total operating cost of 44,630,000,000 for the annual report in 2018.

Operating Income or Earnings Before Interest, Taxes & Depreciation Net Income: In 2020 the Walt Disney Company reported $2,442,000,000 from continuing operations and an additional $2,832,000,000 in other current operations. $10,897,000,000 and $10,425,000,000 were both attributed to continuing operations at the Walt Disney Company. In 2018 the Walt Disney Company reported $13,066,000,000 as well as $12,598,000,000 in operating costs.

	2018	2019	2020
Total Revenue	$59,434,000,000	$69,607,000,000	$65,388,000,000
Total Cost of Sales/Goods	$32,726,000,000	$42,061,000,000	$43,880,000,000
Total Operating Expenses	$44,630,000,000	$58,960,000,000	$67,329,000,000
Operating Income Before Interest, Taxes & Net Income Depreciation	$25,664,000,000	$21,322,000,000	$5,274,000,000

2. How much has each of these numbers changed during these 3 years?

1. Is this good or bad?

2. Can you identify the reason for these changes?