Disney Historical Income Statement

DIS Stock

USD 101.84 0.34 0.33%

Historical analysis of Disney income statement accounts such as Gross Profit of 35.9 B or Other Operating Expenses of 96.5 B can show how well Walt Disney performed in making a profits. Evaluating Disney income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Disney's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining Walt Disney latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Walt Disney is a good buy for the upcoming year.

Net Income Gross Profit

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Walt Disney. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

About Disney Income Statement Analysis

Walt Disney Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Disney shareholders. The income statement also shows Disney investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Disney Income Statement Chart

At this time, Disney's Income Tax Expense is comparatively stable compared to the past year. Depreciation And Amortization is likely to gain to about 6.5 B in 2024, whereas Income Before Tax is likely to drop slightly above 5.4 B in 2024.

Total Revenue Gross Profit Other Operating Expenses Operating Income Research Development

Total Revenue

Total revenue comprises all receipts Walt Disney generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Walt Disney minus its cost of goods sold. It is profit before Disney operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Walt Disney. It is also known as Disney overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Walt Disney operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Walt Disney is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from Disney's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Walt Disney current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Walt Disney. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

	2021	2022	2023	2024 (projected)
Gross Profit	6.8B	29.7B	34.2B	35.9B
Total Revenue	82.7B	88.9B	102.2B	107.3B

Gross Profit Total Revenue

Disney income statement Correlations

	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Depreciation And Amortization	Selling General Administrative	Cost Of Revenue	Minority Interest	Net Income From Continuing Ops	Non Recurring	Tax Provision	Interest Income	Net Interest Income	Discontinued Operations	Reconciled Depreciation	Extraordinary Items	Non Operating Income Net Other
Interest Expense		0.88	0.64	0.94	-0.53	-0.22	0.34	0.88	-0.51	-0.72	-0.48	-0.54	0.96	0.72	0.83	-0.14	-0.65	0.19	-0.85	-0.47	-0.85	-0.9	0.93	-0.92	-0.83
Total Revenue	0.88		0.74	0.99	-0.11	0.19	0.71	0.91	-0.09	-0.48	-0.1	-0.13	0.93	0.86	0.93	-0.09	-0.41	0.16	-0.69	-0.43	-0.71	-0.73	0.78	-0.77	-0.74
Gross Profit	0.64	0.74		0.69	-0.11	0.31	0.7	0.58	0.09	-0.17	0.05	0.06	0.56	0.67	0.45	-0.33	-0.05	-0.1	-0.24	-0.32	-0.2	-0.38	0.42	-0.35	-0.53
Other Operating Expenses	0.94	0.99	0.69		-0.26	0.04	0.58	0.93	-0.25	-0.58	-0.25	-0.27	0.97	0.85	0.94	-0.12	-0.53	0.16	-0.78	-0.44	-0.79	-0.83	0.86	-0.86	-0.81
Operating Income	-0.53	-0.11	-0.11	-0.26		0.83	0.56	-0.26	0.93	0.6	0.91	0.8	-0.34	-0.11	-0.11	0.41	0.7	0.2	0.52	0.11	0.49	0.66	-0.59	0.59	0.59
Ebit	-0.22	0.19	0.31	0.04	0.83		0.78	-0.03	0.88	0.46	0.83	0.75	-0.1	0.14	0.06	0.23	0.56	0.11	0.33	-0.03	0.37	0.44	-0.3	0.38	0.28
Ebitda	0.34	0.71	0.7	0.58	0.56	0.78		0.49	0.6	0.07	0.56	0.48	0.45	0.58	0.55	0.13	0.22	0.2	-0.1	-0.29	-0.1	-0.07	0.16	-0.13	-0.16
Total Operating Expenses	0.88	0.91	0.58	0.93	-0.26	-0.03	0.49		-0.28	-0.59	-0.27	-0.3	0.94	0.87	0.9	-0.04	-0.54	0.2	-0.8	-0.45	-0.82	-0.82	0.85	-0.86	-0.78
Income Before Tax	-0.51	-0.09	0.09	-0.25	0.93	0.88	0.6	-0.28		0.78	0.97	0.84	-0.39	-0.01	-0.19	0.17	0.84	0.0	0.62	0.23	0.61	0.71	-0.62	0.64	0.47
Total Other Income Expense Net	-0.72	-0.48	-0.17	-0.58	0.6	0.46	0.07	-0.59	0.78		0.79	0.62	-0.71	-0.24	-0.56	-0.16	0.91	-0.31	0.8	0.58	0.8	0.84	-0.79	0.79	0.47
Net Income	-0.48	-0.1	0.05	-0.25	0.91	0.83	0.56	-0.27	0.97	0.79		0.7	-0.37	0.0	-0.18	0.22	0.89	0.15	0.55	0.27	0.54	0.71	-0.59	0.61	0.46
Income Tax Expense	-0.54	-0.13	0.06	-0.27	0.8	0.75	0.48	-0.3	0.84	0.62	0.7		-0.41	-0.12	-0.23	0.13	0.57	-0.28	0.7	0.1	0.65	0.63	-0.61	0.62	0.5
Depreciation And Amortization	0.96	0.93	0.56	0.97	-0.34	-0.1	0.45	0.94	-0.39	-0.71	-0.37	-0.41		0.78	0.95	0.0	-0.65	0.27	-0.89	-0.5	-0.9	-0.89	0.93	-0.93	-0.79
Selling General Administrative	0.72	0.86	0.67	0.85	-0.11	0.14	0.58	0.87	-0.01	-0.24	0.0	-0.12	0.78		0.79	-0.25	-0.22	-0.01	-0.6	-0.25	-0.61	-0.63	0.67	-0.67	-0.8
Cost Of Revenue	0.83	0.93	0.45	0.94	-0.11	0.06	0.55	0.9	-0.19	-0.56	-0.18	-0.23	0.95	0.79		0.05	-0.53	0.27	-0.8	-0.41	-0.84	-0.78	0.82	-0.85	-0.72
Minority Interest	-0.14	-0.09	-0.33	-0.12	0.41	0.23	0.13	-0.04	0.17	-0.16	0.22	0.13	0.0	-0.25	0.05		0.06	0.79	-0.04	-0.31	-0.12	0.23	-0.05	0.02	0.54
Net Income From Continuing Ops	-0.65	-0.41	-0.05	-0.53	0.7	0.56	0.22	-0.54	0.84	0.91	0.89	0.57	-0.65	-0.22	-0.53	0.06		0.0	0.75	0.43	0.75	0.86	-0.78	0.79	0.57
Non Recurring	0.19	0.16	-0.1	0.16	0.2	0.11	0.2	0.2	0.0	-0.31	0.15	-0.28	0.27	-0.01	0.27	0.79	0.0		-0.35	-0.21	-0.39	-0.04	0.22	-0.22	0.22
Tax Provision	-0.85	-0.69	-0.24	-0.78	0.52	0.33	-0.1	-0.8	0.62	0.8	0.55	0.7	-0.89	-0.6	-0.8	-0.04	0.75	-0.35		0.42	0.97	0.91	-0.94	0.94	0.76
Interest Income	-0.47	-0.43	-0.32	-0.44	0.11	-0.03	-0.29	-0.45	0.23	0.58	0.27	0.1	-0.5	-0.25	-0.41	-0.31	0.43	-0.21	0.42		0.43	0.4	-0.44	0.42	0.18
Net Interest Income	-0.85	-0.71	-0.2	-0.79	0.49	0.37	-0.1	-0.82	0.61	0.8	0.54	0.65	-0.9	-0.61	-0.84	-0.12	0.75	-0.39	0.97	0.43		0.9	-0.93	0.97	0.72
Discontinued Operations	-0.9	-0.73	-0.38	-0.83	0.66	0.44	-0.07	-0.82	0.71	0.84	0.71	0.63	-0.89	-0.63	-0.78	0.23	0.86	-0.04	0.91	0.4	0.9		-0.94	0.95	0.86
Reconciled Depreciation	0.93	0.78	0.42	0.86	-0.59	-0.3	0.16	0.85	-0.62	-0.79	-0.59	-0.61	0.93	0.67	0.82	-0.05	-0.78	0.22	-0.94	-0.44	-0.93	-0.94		-0.98	-0.83
Extraordinary Items	-0.92	-0.77	-0.35	-0.86	0.59	0.38	-0.13	-0.86	0.64	0.79	0.61	0.62	-0.93	-0.67	-0.85	0.02	0.79	-0.22	0.94	0.42	0.97	0.95	-0.98		0.82
Non Operating Income Net Other	-0.83	-0.74	-0.53	-0.81	0.59	0.28	-0.16	-0.78	0.47	0.47	0.46	0.5	-0.79	-0.8	-0.72	0.54	0.57	0.22	0.76	0.18	0.72	0.86	-0.83	0.82

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Disney Account Relationship Matchups

Disney income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	1.5B	1.4B	1.4B	2.0B	2.3B	2.4B
Total Revenue	65.4B	67.4B	82.7B	88.9B	102.2B	107.3B
Gross Profit	3.8B	3.7B	6.8B	29.7B	34.2B	35.9B
Other Operating Expenses	61.6B	63.8B	76.0B	79.9B	91.9B	96.5B
Operating Income	5.5B	4.6B	6.9B	3.4B	3.9B	5.8B
Ebit	5.5B	4.6B	6.9B	10.5B	12.0B	6.1B
Ebitda	10.8B	9.7B	12.1B	15.8B	18.2B	19.1B
Total Operating Expenses	17.7B	18.6B	21.6B	20.7B	23.8B	25.0B
Income Before Tax	(1.7B)	2.6B	5.3B	4.8B	5.5B	5.4B
Total Other Income Expense Net	(7.2B)	(2.1B)	(1.6B)	(3.0B)	(2.7B)	(2.6B)
Net Income	(2.4B)	2.0B	3.1B	2.4B	2.7B	3.4B
Income Tax Expense	699M	25M	1.7B	1.4B	1.6B	1.8B
Depreciation And Amortization	5.3B	5.1B	5.2B	5.4B	6.2B	6.5B
Selling General Administrative	2.6B	13.5B	16.4B	15.3B	17.6B	18.5B
Cost Of Revenue	61.6B	63.8B	76.0B	59.2B	68.1B	71.5B
Net Income Applicable To Common Shares	(2.9B)	2.0B	3.1B	2.4B	2.7B	4.9B
Minority Interest	13.9B	(512M)	(360M)	(1.0B)	(1.2B)	(1.1B)
Net Income From Continuing Ops	(2.4B)	2.5B	3.6B	3.4B	3.1B	5.4B
Tax Provision	699M	25M	1.7B	1.4B	1.2B	2.2B
Interest Income	198M	645M	581M	427M	384.3M	399.8M
Net Interest Income	(1.5B)	(1.4B)	(1.4B)	(1.2B)	(1.1B)	(1.1B)
Reconciled Depreciation	5.3B	5.1B	5.2B	5.4B	6.2B	4.9B

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

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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 instruments. 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 Correlation Correlation Matching

Additional 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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Disney Historical Income Statement

About Disney Income Statement Analysis

Disney Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

Disney income statement Correlations

Disney Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Disney income statement Accounts

Pair Trading with Disney

Moving against Disney Stock

Additional Tools for Disney Stock Analysis

COMMON DESTINATIONS

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Other Operating Expenses	+ 0.99	Total Revenue
Depreciation And Amortization	+ 0.97	Other Operating Expenses
Net Income	+ 0.97	Income Before Tax
Net Interest Income	+ 0.97	Tax Provision
Extraordinary Items	+ 0.97	Net Interest Income
Depreciation And Amortization	+ 0.96	Interest Expense

Extraordinary Items	- 0.98	Reconciled Depreciation
Reconciled Depreciation	- 0.94	Discontinued Operations
Reconciled Depreciation	- 0.94	Tax Provision
Reconciled Depreciation	- 0.93	Net Interest Income
Extraordinary Items	- 0.93	Depreciation And Amortization
Extraordinary Items	- 0.92	Interest Expense