Question
Need a financial analysis for Disney? This has to be at least 250 words in length and cover the below topics of concern. Trends .
Need a financial analysis for Disney? This has to be at least 250 words in length and cover the below topics of concern.
Trends. Create trend lines for key items in the financial statements over multiple time periods, to see how the company is performing. Typical trend lines are for revenues, the gross margin, net profits, cash, accounts receivable, and debt.
Proportion analysis. An array of ratios are available for discerning the relationship between the sizes of various accounts in the financial statements. For example, one can calculate a company's quick ratio to estimate its ability to pay its immediate liabilities, or its debt to equity ratio to see if it has taken on too much debt. These analyses are frequently between the revenues and expenses listed on the income statement and the assets, liabilities, and equity accounts listed on the balance sheet.
| Walt Disney Co., Consolidated Statement of Cash Flows | |||||||||||||||||||||||||||||
| USD $ in millions | |||||||||||||||||||||||||||||
| 12 months ended | Oct 1, 2016 | ||||||||||||||||||||||||||||
| Net income | 9,790 | ||||||||||||||||||||||||||||
| Depreciation and amortization | 2,527 | ||||||||||||||||||||||||||||
| Gains on sales of investments and dispositions | -26 | ||||||||||||||||||||||||||||
| Deferred income taxes | 1,214 | ||||||||||||||||||||||||||||
| Equity in the income of investees | -926 | ||||||||||||||||||||||||||||
| Cash distributions received from equity investees | 799 | ||||||||||||||||||||||||||||
| Net change in film and television costs and advances | -101 | ||||||||||||||||||||||||||||
| Equity-based compensation | 393 | ||||||||||||||||||||||||||||
| Other | 445 | ||||||||||||||||||||||||||||
| Receivables | -393 | ||||||||||||||||||||||||||||
| Inventories | 186 | ||||||||||||||||||||||||||||
| Other assets | -137 | ||||||||||||||||||||||||||||
| Accounts payable and other accrued liabilities | 40 | ||||||||||||||||||||||||||||
| Income taxes | -598 | ||||||||||||||||||||||||||||
| Changes in operating assets and liabilities | -902 | ||||||||||||||||||||||||||||
| Cash provided by operations | 13,213 | ||||||||||||||||||||||||||||
| Investments in parks, resorts and other property | -4,773 | ||||||||||||||||||||||||||||
| Sales of investments/proceeds from dispositions | 45 | ||||||||||||||||||||||||||||
| Acquisitions | -850 | ||||||||||||||||||||||||||||
| Other | -180 | ||||||||||||||||||||||||||||
| Cash used in investing activities | -5,758 | ||||||||||||||||||||||||||||
| Commercial paper borrowings (repayments), net | -920 | ||||||||||||||||||||||||||||
| Borrowings | 6,065 | ||||||||||||||||||||||||||||
| Reduction of borrowings | -2,205 | ||||||||||||||||||||||||||||
| Dividends | -2,313 | ||||||||||||||||||||||||||||
| Repurchases of common stock | -7,499 | ||||||||||||||||||||||||||||
| Proceeds from exercise of stock options | 259 | ||||||||||||||||||||||||||||
| Contributions from noncontrolling interest holders | |||||||||||||||||||||||||||||
| Other | -378 | ||||||||||||||||||||||||||||
| Cash used in financing activities | -6,991 | ||||||||||||||||||||||||||||
| Impact of exchange rates on cash and cash equivalents | -123 | ||||||||||||||||||||||||||||
| Change in cash and cash equivalents | 341 | ||||||||||||||||||||||||||||
| Cash and cash equivalents, beginning of year | 4,269 | ||||||||||||||||||||||||||||
| Cash and cash equivalents, end of year | 4,610 | ||||||||||||||||||||||||||||
|
BALANCE SHEET: |
| ||||||||||||||||||||||||||||
| Period Ending: | Trend | 10/1/2016 | |||||||||||||||||||||||||||
| Current Assets |
|
| |||||||||||||||||||||||||||
| Cash and Cash Equivalents |
| $4,610,000 | |||||||||||||||||||||||||||
| Short-Term Investments |
| $0 | |||||||||||||||||||||||||||
| Net Receivables |
| $9,065,000 | |||||||||||||||||||||||||||
| Inventory |
| $1,390,000 | |||||||||||||||||||||||||||
| Other Current Assets |
| $1,901,000 | |||||||||||||||||||||||||||
| Total Current Assets |
| $16,966,000 | |||||||||||||||||||||||||||
| Long-Term Assets |
|
| |||||||||||||||||||||||||||
| Long-Term Investments |
| $4,280,000 | |||||||||||||||||||||||||||
| Fixed Assets |
| $27,349,000 | |||||||||||||||||||||||||||
| Goodwill |
| $27,810,000 | |||||||||||||||||||||||||||
| Intangible Assets |
| $6,949,000 | |||||||||||||||||||||||||||
| Other Assets |
| $8,679,000 | |||||||||||||||||||||||||||
| Deferred Asset Charges |
| $0 | |||||||||||||||||||||||||||
| Total Assets |
| $92,033,000 | |||||||||||||||||||||||||||
| Current Liabilities |
|
| |||||||||||||||||||||||||||
| Accounts Payable |
| $9,130,000 | |||||||||||||||||||||||||||
| Short-Term Debt / Current Portion of Long-Term Debt |
| $3,687,000 | |||||||||||||||||||||||||||
| Other Current Liabilities |
| $4,025,000 | |||||||||||||||||||||||||||
| Total Current Liabilities |
| $16,842,000 | |||||||||||||||||||||||||||
| Long-Term Debt |
| $16,483,000 | |||||||||||||||||||||||||||
| Other Liabilities |
| $7,706,000 | |||||||||||||||||||||||||||
| Deferred Liability Charges |
| $3,679,000 | |||||||||||||||||||||||||||
| Misc. Stocks |
| $0 | |||||||||||||||||||||||||||
| Minority Interest |
| $4,058,000 | |||||||||||||||||||||||||||
| Total Liabilities |
| $48,768,000 | |||||||||||||||||||||||||||
| Stock Holders Equity |
|
| |||||||||||||||||||||||||||
| Common Stocks |
| $35,859,000 | |||||||||||||||||||||||||||
| Capital Surplus |
| $0 | |||||||||||||||||||||||||||
| Retained Earnings |
| $66,088,000 | |||||||||||||||||||||||||||
| Treasury Stock |
| ($54,703,000) | |||||||||||||||||||||||||||
| Other Equity |
| ($3,979,000) | |||||||||||||||||||||||||||
| Total Equity |
| $43,265,000 | |||||||||||||||||||||||||||
| Total Liabilities & Equity |
| $92,033,000 | |||||||||||||||||||||||||||
| Walt Disney Co., Consolidated Income Statement | |
| USD $ in millions | |
| 12 months ended | Oct 1, 2016 |
| Services | 47,130 |
| Products | 8,502 |
| Revenues | 55,632 |
| Cost of services, exclusive of depreciation and amortization | -24,653 |
| Cost of products, exclusive of depreciation and amortization | -5,340 |
| Cost of revenues, exclusive of depreciation and amortization | -29,993 |
| Gross profit | 25,639 |
| Selling, general, administrative and other | -8,754 |
| Depreciation and amortization | -2,527 |
| Restructuring and impairment charges | -156 |
| Operating income | 14,202 |
| Other income (expense), net | |
| Interest expense | -354 |
| Interest and investment income | 94 |
| Interest income (expense), net | -260 |
| Equity in the income of investees | 926 |
| Income before income taxes | 14,868 |
| Income taxes | -5,078 |
| Net income | 9,790 |
| Net income attributable to noncontrolling interests | -399 |
| Net income attributable to The Walt Disney Company (Disney) | 9,391 |
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
