This are the earning for Disney. I need help with is when this pandemic is over How are the variable costs going to change how are the fixed costs going to change. Are they going to change how will revenue change. How is covid 19 affecting this overall. How can they maybe make up for lost revenue if if revenue does decrease. What about capacity and what is has to do with relevant change. how are those changes in capacity. Are they going to affect costs are they going to affect revenues and how can the company best offset some of those Changes. This applies to managerial accounting. Thank you
Results for the current quarter and six months reflect the consolidation of TFCF Corporation (TFCF) and Hulu LLC (Hulu), which the Company started consolidating on March 20, 2019. The following table summarizes the second quarter and six-month results for fiscal 2020 and 2019 in millions, except per share amounts): Quarter Ended Six Months Ended March 28, March 30, March 28, March 30, 2020 2019 Change 2020 2019 Change Revenues $ 18,009 $ 14,922 21 % $ 38,867 $ 30,225 29 % Income from continuing operations before income taxes $ 1,060 $ 7,237 (85) % $ 3,692 $ 10,668 (65) % Total segment operating income) $ 2,416 $ 3,816 (37)% $ 6,418 $ 7,471 (14) % Net income from continuing $ 475 $ 5,431 operations(2) (91) % $ 2,608 $ 8,219 (68) % Diluted EPS from continuing $ 0.26 $ 3.53 (93) % $ 1.44 $ operations(2) 5.42 (73) % Diluted EPS excluding certain $ 0.60 $ 1.61 (63) % items affecting comparability(1) $ 2.14 $ 3.45 (38) % Cash provided by continuing $ 3,157 $ operations 3,915 (19) % $ 4,787 $ 6,014 (20) % Free cash flow (1) $ 1,910 $ 2,720 (30) % $ 2,202 $ 3,624 (39) % EPS excluding certain items affecting comparability, total segment operating income and free cash flow are non-GAAP financial measures. The comparable GAAP measures are diluted EPS from continuing operations, income from continuing operations before income taxes, and cash provided by continuing operations, respectively. See the discussion on page 2 and on pages 10 through 13. Reflects amounts attributable to shareholders of The Walt Disney Company, i.e. after deduction of noncontrolling interests. (1) (2) Results for the current quarter and six months reflect the consolidation of TFCF Corporation (TFCF) and Hulu LLC (Hulu), which the Company started consolidating on March 20, 2019. The following table summarizes the second quarter and six-month results for fiscal 2020 and 2019 in millions, except per share amounts): Quarter Ended Six Months Ended March 28, March 30, March 28, March 30, 2020 2019 Change 2020 2019 Change Revenues $ 18,009 $ 14,922 21 % $ 38,867 $ 30,225 29 % Income from continuing operations before income taxes $ 1,060 $ 7,237 (85) % $ 3,692 $ 10,668 (65) % Total segment operating income) $ 2,416 $ 3,816 (37)% $ 6,418 $ 7,471 (14) % Net income from continuing $ 475 $ 5,431 operations(2) (91) % $ 2,608 $ 8,219 (68) % Diluted EPS from continuing $ 0.26 $ 3.53 (93) % $ 1.44 $ operations(2) 5.42 (73) % Diluted EPS excluding certain $ 0.60 $ 1.61 (63) % items affecting comparability(1) $ 2.14 $ 3.45 (38) % Cash provided by continuing $ 3,157 $ operations 3,915 (19) % $ 4,787 $ 6,014 (20) % Free cash flow (1) $ 1,910 $ 2,720 (30) % $ 2,202 $ 3,624 (39) % EPS excluding certain items affecting comparability, total segment operating income and free cash flow are non-GAAP financial measures. The comparable GAAP measures are diluted EPS from continuing operations, income from continuing operations before income taxes, and cash provided by continuing operations, respectively. See the discussion on page 2 and on pages 10 through 13. Reflects amounts attributable to shareholders of The Walt Disney Company, i.e. after deduction of noncontrolling interests. (1) (2)
