The Walt Disney Company was a broadly diversified media and entertainment company with a business lineup that included theme parks and resorts, motion picture production and distribution, cable television networks, the ABC broadcast television network, eight local television stations, and a variety of other businesses that exploited the company's intellectual property. The company's revenues had increased from approximately $52.5 billion in fiscal 2015 to approximately $62.6 billion in fiscal 2019 and its share price had regularly outperformed the S&P 500. While struggling somewhat in the mid-1980s, the company's performance had been commendable in almost every year since Walt Disney created Mickey Mouse in 1928.

Before completing these exercises, be sure to read the Walt Disney Company case.

What is your assessment of The Walt Disney Company's financial and operating performance in fiscal years 2015-2019? What is your assessment of the relative contribution of each business unit to the financial strength of Disney based on the 2018 and 2019 fiscal year financial data?

Select "yes" for those statements below that are accurate and choose "no" for those that are not.

While direct-to-consumer and International do not yet show a positive operating income, other business units contribute strongly to the company's overall profitability.

With 2019 revenues of $24.7 billion, Parks, Experiences, and Products was Disney's largest business unit.

Media Networks was its most profitable business unit with a 2019 operating profit of $6.3 billion and an operating profit margin of 23.5%.

The operating profit margins of its other business units ranged from 19.5% to 36.1% in 2017.

Disney's business units have strong financial resource fit and likely make important contributions to the company's $6 billion cash flow.

Disney's Media Networks business unit showed a slight increase from 33.8% in 2018 to 42.5% in 2019.

The Studio Entertainment Business Unit showed a slight increase from 29.8% in 2018 to 35.1% in 2019.

2020 saw a decline in net profit margin as compared to 2019 likely due to COVID-19 closures and government/CDC mandates to stay at home.