Disney Financial Statements From 2010 to 2023

DIS Stock  USD 81.25  1.48  1.79%   
Disney financial statements provide useful quarterly and yearly information to potential Walt Disney investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Disney financial statements helps investors assess Disney's valuation, profitability, and current liquidity needs.
Operating Income
6.9 B
Gross Profit
28.3 B
Profit Margin
0.0257
Net Interest Income
-1.4 B
Interest Income
581 M
There are over twenty-five available fundamental signals for Walt Disney, which can be analyzed over time and compared to other ratios. All traders should verify Disney's prevailing fundamentals against the performance from 2010 to 2023 and make sure the trends continue to evolve in the right direction. Net Income Per Employee is likely to drop to about 43 K in 2023. Revenue Per Employee is likely to drop to about 269.5 K in 2023.

Disney Revenues

62.91 Billion

Check Disney financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Disney main balance sheet or income statement drivers, such as Direct Expenses of 30.6 B, Consolidated Income of 7.9 B or Cost of Revenue of 36 B, as well as many exotic indicators such as Interest Coverage of 37.14, Long Term Debt to Equity of 0.4 or Calculated Tax Rate of 34.78. Disney financial statements analysis is a perfect complement when working with Disney Valuation or Volatility modules.
  
This module can also supplement Disney's financial leverage analysis and stock options assessment as well as various Disney Technical models . Check out the analysis of Disney Correlation against competitors.

Disney Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Tax Liabilities5.3 B4.5 B5.9 B
Slightly volatile
Tax Assets826.9 M879.8 M778.3 M
Slightly volatile
Accumulated Retained Earnings Deficit60.8 B72.6 B56.6 B
Slightly volatile
Trade and Non Trade Receivables10.4 B8.6 B10.7 B
Slightly volatile
Property Plant and Equipment Net31.1 B28.4 B30.4 B
Slightly volatile
Trade and Non Trade Payables11.6 B8.9 B14 B
Slightly volatile
Liabilities Non Current41.9 B31.2 B49.6 B
Slightly volatile
Current Liabilities22.2 B19.6 B22.7 B
Slightly volatile
Total Liabilities64.2 B50.8 B72.3 B
Slightly volatile
Investments Non Current3.6 B3.2 B3.7 B
Slightly volatile
Investments3.6 B3.2 B3.7 B
Slightly volatile
Inventory1.6 B1.4 B1.6 B
Slightly volatile
Goodwill and Intangible Assets59.6 B38.4 B77 B
Slightly volatile
Shareholders Equity USD56.7 B41.3 B66.3 B
Slightly volatile
Shareholders Equity Attributable to Parent56.7 B41.3 B66.3 B
Slightly volatile
Deferred Revenue4.8 B4.6 B4.9 B
Slightly volatile
Total Debt USD31 B25.3 B33.4 B
Slightly volatile
Debt Non Current25.1 B19.1 B29.6 B
Slightly volatile
Debt Current5.8 B6.2 B3.8 B
Slightly volatile
Total Debt31 B25.3 B33.4 B
Slightly volatile
Cash and Equivalents USD6.3 BB7.7 B
Slightly volatile
Cash and Equivalents6.3 BB7.7 B
Slightly volatile
Assets Non Current104.3 B79.9 B120.1 B
Slightly volatile
Current Assets20.8 B15.9 B22.4 B
Slightly volatile
Total Assets125 B95.8 B142.5 B
Slightly volatile
Accounts Payable7.5 BB11.2 B
Slightly volatile
Receivables8.5 B8.6 B10.3 B
Slightly volatile
Inventories1.4 B1.4 B1.6 B
Pretty Stable

Disney Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Income Tax Expense3.6 B4.4 B3.5 B
Slightly volatile
Weighted Average Shares Diluted1.8 B1.6 B1.7 B
Slightly volatile
Weighted Average Shares1.8 B1.6 B1.7 B
Slightly volatile
Selling General and Administrative Expense10.3 B8.2 B12.1 B
Slightly volatile
Revenues USD62.9 B55.1 B67.7 B
Slightly volatile
Revenues62.9 B55.1 B67.7 B
Slightly volatile
Operating Income11.2 B13.8 B10.7 B
Slightly volatile
Operating Expenses14.2 B11.1 B16 B
Slightly volatile
Net Income to Non Controlling Interests394.9 M386 M381.1 M
Slightly volatile
Net Loss Income from Discontinued Operations(705.1 M)(687 M)(58.3 M)
Slightly volatile
Net Income Common Stock USD7.5 BB6.5 B
Slightly volatile
Net Income Common Stock7.5 BB6.5 B
Slightly volatile
Net Income7.5 BB6.5 B
Slightly volatile
Interest Expense581 M385 M779.1 M
Slightly volatile
Gross Profit26.9 B24.8 B26.8 B
Slightly volatile
Earning Before Interest and Taxes USD11.5 B13.8 B10.8 B
Slightly volatile
Earning Before Interest and Taxes EBIT11.5 B13.8 B10.8 B
Slightly volatile
Cost of Revenue36 B30.3 B40.9 B
Slightly volatile
Consolidated Income7.9 B9.4 B6.9 B
Slightly volatile
Direct Expenses30.6 B30.3 B40.5 B
Slightly volatile

Disney Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Share Based Compensation485.8 M364 M647.8 M
Slightly volatile
Effect of Exchange Rate Changes on Cash 33.4 M31 M(306.5 M)
Pretty Stable
Net Cash Flow from Operations10.5 B12.3 B9.8 B
Slightly volatile
Net Cash Flow Investment Acquisitions and Disposals129.8 M126.5 M194 M
Slightly volatile
Issuance Repayment of Debt Securities B3.7 B88.3 M
Slightly volatile
Issuance Purchase of Equity Shares(9.3 B)(9.1 B)(4.4 B)
Pretty Stable
Net Cash Flow or Change in Cash and Cash Equivalents(714.3 M)(696 M)(1.9 B)
Slightly volatile
Depreciation Amortization and Accretion3.4 B2.8 B3.7 B
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Tangible Assets Book Value per Share39.8936.58738.2002
Slightly volatile
Sales per Share38.3735.16439.3466
Slightly volatile
Return on Sales0.210.250.1787
Slightly volatile
Return on Invested Capital0.20.240.1806
Slightly volatile
Return on Average Equity0.170.210.1333
Slightly volatile
Return on Average Assets0.07940.0970.0632
Slightly volatile
Price to Sales Ratio3.222.8032.4859
Pretty Stable
Price to Earnings Ratio23.9417.20233.3525
Slightly volatile
Price to Book Value3.233.6822.7474
Slightly volatile
Payout Ratio0.190.240.0178
Pretty Stable
Profit Margin0.140.1630.1101
Slightly volatile
Gross Margin0.420.450.406
Slightly volatile
Free Cash Flow per Share6.05.5613.2773
Slightly volatile
Enterprise Value over EBITDA10.5310.2613.4615
Slightly volatile
Enterprise Value over EBIT12.9512.021.0677
Slightly volatile
Earnings per Basic Share USD4.695.733.95
Slightly volatile
Earnings per Diluted Share4.655.693.9316
Slightly volatile
Earnings per Basic Share4.695.733.95
Slightly volatile
EBITDA Margin0.260.3010.232
Slightly volatile
Dividends per Basic Common Share1.671.791.3303
Pretty Stable
Dividend Yield0.01310.01440.0127
Pretty Stable
Debt to Equity Ratio1.241.2291.0919
Slightly volatile
Current Ratio0.870.8110.9806
Slightly volatile
Book Value per Share34.1826.34938.0537
Slightly volatile
Asset Turnover0.530.5930.5168
Slightly volatile
Total Assets Per Share62.5363.143781.4829
Slightly volatile
Cash Flow Per Share7.388.13655.7911
Pretty Stable
Return on Investment19.3121.185614.0277
Slightly volatile
Operating Margin23.224.983217.2933
Slightly volatile
Calculated Tax Rate34.7832.833437.1142
Very volatile
Receivables Turnover6.936.2486.4955
Pretty Stable
Inventory Turnover21.5621.93727.4447
Slightly volatile
PPandE Turnover1.941.98332.269
Pretty Stable
Cash and Equivalents Turnover13.3512.81759.9271
Slightly volatile
Accounts Payable Turnover8.347.66886.8062
Slightly volatile
Accrued Expenses Turnover32.1831.008728.0026
Slightly volatile
Interest Coverage37.1435.779228.3296
Slightly volatile
Long Term Debt to Equity0.40.46280.4236
Slightly volatile
Quick Ratio0.690.64520.7979
Slightly volatile
Net Current Assets as percentage of Total Assets(3.97)(3.8689)(0.3415)
Slightly volatile
Revenue to Assets0.60.57560.5143
Slightly volatile

Disney Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Working Capital(3.8 B)(3.7 B)(472.5 M)
Slightly volatile
Tangible Asset Value65.4 B57.4 B65.5 B
Slightly volatile
Market Capitalization183.2 B152.1 B161.6 B
Slightly volatile
Invested Capital Average67.6 B57.5 B68.4 B
Slightly volatile
Invested Capital67.9 B59 B68.6 B
Slightly volatile
Free Cash Flow9.4 B8.7 B5.3 B
Slightly volatile
Enterprise Value206.7 B170 B187.6 B
Slightly volatile
Average Equity56.7 B42.7 B65.3 B
Slightly volatile
Earnings before Tax11 B13.4 B10 B
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization USD14.4 B16.6 B14.5 B
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization EBITDA14.4 B16.6 B14.5 B
Slightly volatile
Average Assets122.5 B93 B141.5 B
Slightly volatile
Revenue Per Employee269.5 K277.8 K321.6 K
Slightly volatile
Net Income Per Employee43 K45.2 K31.9 K
Slightly volatile

Disney Fundamental Market Drivers

Forward Price Earnings22.7273
Cash And Short Term Investments11.6 B

Disney Upcoming Events

14th of November 2023
Upcoming Quarterly Report
View
14th of February 2024
Next Financial Report
View
30th of September 2023
Next Fiscal Quarter End
View
14th of November 2023
Next Fiscal Year End
View
30th of June 2023
Last Quarter Report
View
30th of September 2022
Last Financial Announcement
View

About Disney Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Disney income statement, its balance sheet, and the statement of cash flows. Disney investors use historical funamental indicators, such as Disney's revenue or net income, to determine how well the company is positioned to perform in the future. Although Disney investors may use each financial statement separately, they are all related. The changes in Disney's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Disney's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Disney Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Disney. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2023
Deferred Revenue4.6 B4.8 B
Cost of Revenue30.3 B36 B
Revenues55.1 B62.9 B
Revenue to Assets 0.58  0.60 
Revenue Per Employee277.8 K269.5 K

Disney Investors Sentiment

The influence of Disney's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Disney. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Disney's public news can be used to forecast risks associated with an investment in Disney. The trend in average sentiment can be used to explain how an investor holding Disney can time the market purely based on public headlines and social activities around Walt Disney. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Disney's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Disney's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Disney's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Disney.

Disney Implied Volatility

    
  29.83  
Disney's implied volatility exposes the market's sentiment of Walt Disney stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Disney's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Disney stock will not fluctuate a lot when Disney's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Disney in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Disney's short interest history, or implied volatility extrapolated from Disney options trading.

Pair Trading with Disney

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Disney position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Disney will appreciate offsetting losses from the drop in the long position's value.

Moving against Disney Stock

-0.65YYYY Inc Class Fiscal Quarter End 30th of September 2023 PairCorr
-0.51KTKT Corporation Fiscal Quarter End 30th of September 2023 PairCorr
The ability to find closely correlated positions to Disney could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Disney when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Disney - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Walt Disney to buy it.
The correlation of Disney is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Disney moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Walt Disney moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Disney can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out the analysis of Disney Correlation against competitors. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Complementary Tools for Disney Stock analysis

When running Disney's price analysis, check to measure Disney's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Disney is operating at the current time. Most of Disney's value examination focuses on studying past and present price action to predict the probability of Disney's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Disney's price. Additionally, you may evaluate how the addition of Disney to your portfolios can decrease your overall portfolio volatility.
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Is Disney's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Disney. If investors know Disney will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Disney listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.675
Earnings Share
1.23
Revenue Per Share
48.074
Quarterly Revenue Growth
0.038
Return On Assets
0.0237
The market value of Walt Disney is measured differently than its book value, which is the value of Disney that is recorded on the company's balance sheet. Investors also form their own opinion of Disney's value that differs from its market value or its book value, called intrinsic value, which is Disney's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Disney's market value can be influenced by many factors that don't directly affect Disney's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Disney's value and its price as these two are different measures arrived at by different means. Investors typically determine if Disney is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Disney's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.