Question
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
- 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 |
- 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?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Cornerstones Of Cost Management
Authors: Don R. Hansen, Maryanne M. Mowen
3rd Edition
9781305147102, 1285751787, 1305147103, 978-1285751788
