← Walt Disney Co

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $9.8b
$9.4b -4.33%
$13.1b +39.50%
$11.1b -15.40%
($2.9b) -125.91%
$2.0b +169.66%
$3.1b +57.64%
$2.4b -25.15%
$5.0b +111.21%
$12.4b +149.48%
—
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — — $11.6b ($2.5b) $2.5b $3.5b $3.4b $5.8b $13.4b —
Net Income (Loss) Attributable to Noncontrolling Interest — — — $530.0m $390.0m $512.0m $360.0m $1.0b $801.0m $1.0b —
Depreciation, Depletion and Amortization $2.5b $2.8b $3.0b $4.2b $5.3b $5.1b $5.2b $5.4b $5.0b $5.3b $5.5b
Amortization of Intangible Assets — — — $1.3b $2.2b $2.0b $2.0b $1.7b $1.6b $1.5b —
Depreciation $2.5b $2.8b $3.0b $2.8b $3.1b $3.1b $3.2b $3.6b $3.4b $3.9b $1.5b
Amortization Cash Flow — — — — — — $3.2b $3.6b $3.4b $3.9b —
Amortization Of Intangibles — — — — — — $3.2b $3.6b $3.4b $3.9b $3.9b
Depreciation Amortization Depletion — — — — — — $5.2b $5.4b $5.0b $5.3b $5.5b
Deferred Income Tax Expense (Benefit) — — — $2.1b ($275.0m) ($1.3b) $168.0m ($1.4b) ($807.0m) ($2.6b) $1.2b
Deferred income taxes $1.2b $334.0m ($1.6b) $117.0m ($392.0m) ($1.2b) $200.0m ($1.3b) ($821.0m) ($2.7b) $1.2b
Deferred Tax — — — — — — $200.0m ($1.3b) ($821.0m) ($2.7b) $1.2b
Share-based Payment Arrangement, Noncash Expense — — — $711.0m $525.0m $600.0m $977.0m $1.1b $1.4b $1.4b $1.5b
Share-based Payment Arrangement, Expense — — — $711.0m $525.0m $600.0m $977.0m $1.1b $1.4b $1.4b $1.5b
Equity Method Investment, Other than Temporary Impairment — — — $538.0m $0 $0 — — — — —
Goodwill and Intangible Asset Impairment — — — — $5.0b $0 $0 $3.0b $3.5b $871.0m —
Goodwill, Impairment Loss — — — — $3.1b — — $721.0m $2.6b — $1.4b
Impairment of Intangible Assets (Excluding Goodwill) — — — $538.0m $5.2b $300.0m $200.0m $3.0b — — —
Restructuring Costs and Asset Impairment Charges — — — $1.2b $5.7b $654.0m $237.0m $3.8b $3.6b $819.0m —
Impairments of goodwill, produced and licensed content and other assets — — $0 $0 $5.0b $0 $0 $3.0b $3.5b $871.0m —
Asset Impairment Charge — — — — — — $212.0m $3.1b $3.5b $871.0m $1.4b
Equity Method Investment, Realized Gain (Loss) on Disposal — — — — $65.0m $0 — — — — —
Income (Loss) from Equity Method Investments — — — ($103.0m) $651.0m $761.0m $816.0m $782.0m $575.0m $295.0m —
Nonoperating Income (Expense) — — — $4.4b $1.0b $201.0m ($667.0m) $96.0m ($65.0m) $0 —
Other Nonoperating Income (Expense) — — — — — — ($4.0m) ($73.0m) — — —
Earnings (Loss)es From Equity Investments — — — — — — ($816.0m) ($782.0m) ($575.0m) ($295.0m) ($325.0m)
Changes in operating assets and liabilities:
Change In Working Capital — — — — — — $488.0m $177.0m ($1.6b) ($430.0m) ($2.6b)
Receivables ($393.0m) $107.0m ($720.0m) $55.0m $1.9b ($357.0m) $605.0m $358.0m ($565.0m) ($283.0m) ($793.0m)
Increase (Decrease) in Inventories — — — $223.0m ($14.0m) ($252.0m) $420.0m $183.0m $42.0m $114.0m ($43.0m)
Inventories $186.0m ($5.0m) ($17.0m) ($223.0m) $14.0m $252.0m ($420.0m) ($183.0m) ($42.0m) ($114.0m) ($43.0m)
Change In Inventory — — — — — — ($420.0m) ($183.0m) ($42.0m) ($114.0m) ($43.0m)
Accounts payable and other liabilities $40.0m ($368.0m) $235.0m $191.0m ($2.3b) $2.4b $964.0m ($1.1b) $156.0m $237.0m $15.0m
Other assets ($443.0m) ($52.0m) ($927.0m) $932.0m ($157.0m) $171.0m ($707.0m) ($201.0m) $265.0m ($42.0m) —
Other ($135.0m) ($71.0m) $710.0m — — — — — — — —
Change In Other Current Assets — — — — — — ($707.0m) ($201.0m) $265.0m ($42.0m) ($35.0m)
Net Cash Provided by (Used in) Operating Activities — — — $6.0b
$7.6b +27.27%
$5.6b -26.92%
$6.0b +7.83%
$9.9b +64.38%
$14.0b +41.61%
$18.1b +29.56%
$17.0b -6.14%
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment — — — $4.9b $4.0b $3.6b $4.9b $5.0b $5.4b $8.0b ($8.7b)
Investments in parks, resorts and other property ($4.8b) ($3.6b) ($4.5b) ($4.9b) ($4.0b) ($3.6b) ($4.9b) ($5.0b) ($5.4b) ($8.0b) —
Gain (Loss) on Investments — — — — $973.0m — — — — — $5.0m
Gain (Loss) on Sale of Investments — — — $4.8b $920.0m $332.0m ($714.0m) $166.0m ($5.0m) — —
Restricted Cash and Investments, Current — — — $26.0m $3.0m $3.0m $3.0m $0 $0 — —
Proceeds from sales of investments — — — — — $337.0m $52.0m $458.0m $105.0m $4.0m —
Purchase of investments — — — — — — $0 $0 ($1.5b) ($98.0m) ($540.0m)
Gain on acquisitions and dispositions ($26.0m) ($289.0m) ($560.0m) — — — — — — — —
Acquisitions ($850.0m) ($417.0m) ($1.6b) — — — — — — — —
Payments for (Proceeds from) Other Investing Activities — — — $319.0m ($172.0m) ($407.0m) $65.0m $130.0m $68.0m ($75.0m) —
Net Other Investing Changes — — — — — — ($117.0m) ($130.0m) ($68.0m) $75.0m $126.0m
Cash used in investing activities ($5.8b) ($4.1b) ($5.3b) — — — ($5.0b) ($4.6b) ($6.9b) ($8.0b) —
Net Cash Provided by (Used in) Investing Activities ($5.8b) ($4.1b) ($5.3b) — — — ($5.0b) ($4.6b) ($6.9b) ($8.0b) ($9.1b)
Cash flows from financing activities:
Repayments of Long-term Debt — — — $38.9b $3.5b $3.7b $4.0b $1.7b $3.1b $3.7b ($4.4b)
Gain (Loss) on Extinguishment of Debt — — — ($511.0m) $0 $0 — — — — —
Proceeds from Issuance of Long-term Debt — — — $38.2b $18.1b $64.0m $333.0m $83.0m $132.0m $1.1b $5.0b
Commercial paper borrowings (payments), net — — ($1.8b) $4.3b ($3.4b) ($26.0m) ($334.0m) ($191.0m) $1.5b ($943.0m) —
Borrowings $6.1b $4.8b $1.1b $38.2b $18.1b $64.0m $333.0m $83.0m $132.0m $1.1b —
Reduction of borrowings ($2.2b) ($2.4b) ($1.9b) ($38.9b) ($3.5b) ($3.7b) ($4.0b) ($1.7b) ($3.1b) ($3.7b) —
Commercial paper borrowings/(payments), net ($920.0m) $1.2b ($1.8b) $4.3b $3.4b $26.0m $334.0m $191.0m $1.5b $943.0m —
Issuance Of Debt — — — — — — $333.0m $83.0m $132.0m $1.1b $5.0b
Long Term Debt Issuance — — — — — — $333.0m $83.0m $132.0m $1.1b $5.0b
Long Term Debt Payments — — — — — — ($4.0b) ($1.7b) ($3.1b) ($3.7b) ($4.4b)
Net Issuance Payments Of Debt — — — — — — ($4.0b) ($1.8b) ($1.4b) ($3.6b) $3.5b
Net Long Term Debt Issuance — — — — — — ($3.7b) ($1.6b) ($2.9b) ($2.7b) $655.0m
Net Short Term Debt Issuance — — — — — — ($334.0m) ($191.0m) $1.5b ($943.0m) $2.8b
Repayment Of Debt — — — — — — ($4.0b) ($1.7b) ($3.1b) ($3.7b) ($4.4b)
Payments for Repurchase of Common Stock — — — $0 $0 — — — $3.0b $3.5b —
Payments of Ordinary Dividends, Common Stock — — — $2.9b $1.6b $0 $0 — $1.4b $1.8b ($2.2b)
Repurchases of common stock ($7.5b) ($9.4b) ($3.6b) $0 $0 — $0 $0 ($3.0b) ($3.5b) —
Common Stock Dividend Paid — — — — — — $0 $0 ($1.4b) ($1.8b) ($2.2b)
Common Stock Payments — — — — — — $0 $0 ($3.0b) ($3.5b) ($8.2b)
Net Common Stock Issuance — — — — — — $0 $0 ($3.0b) ($3.5b) ($8.2b)
Repurchase Of Capital Stock — — — — — — $0 $0 ($3.0b) ($3.5b) ($8.2b)
Dividends ($2.3b) ($2.4b) ($2.5b) ($2.9b) ($1.6b) $0 $0 $0 ($1.4b) ($1.8b) ($2.2b)
Dividend Received CFO — — — — — — $779.0m $720.0m $437.0m $145.0m $226.0m
Proceeds from (Payments for) Other Financing Activities — — — ($871.0m) ($1.6b) ($862.0m) ($839.0m) ($828.0m) ($929.0m) ($1.0b) —
Net Other Financing Charges — — — — — — ($712.0m) ($941.0m) ($9.5b) ($1.4b) ($1.0b)
Cash used in financing activities ($7.2b)
($9.0b) -24.09%
($8.8b) +1.29%
— — — — ($2.7b)
($15.3b) -461.23%
($10.4b) +32.20%
—
Net Cash Provided by (Used in) Financing Activities ($7.2b)
($9.0b) -24.09%
($8.8b) +1.29%
— — — — ($2.7b)
($15.3b) -461.23%
($10.4b) +32.20%
($8.0b) +22.67%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — $1.3b $12.5b ($2.0b) ($4.3b) $2.6b ($8.1b) ($303.0m) $5.3b
Cash, cash equivalents and restricted cash, beginning of year $4.7b $4.1b $4.2b $5.5b $18.0b $16.0b $11.7b $14.2b $6.1b $5.8b —
Cash and Cash Equivalents and Restricted Cash, Beginning of Year $4.7b $4.8b $4.2b $5.5b $18.0b $16.0b $11.7b $14.2b $6.1b $5.8b —
Beginning Cash Position — — — — — — $16.0b $11.7b $14.2b $6.1b $5.5b
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $35.0m ($696.0m) $91.0m $5.5b $18.0b $16.0b $11.7b $14.2b $6.1b $5.8b $5.3b
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — ($98.0m) $38.0m $30.0m ($603.0m) $73.0m $65.0m $5.0m ($45.0m)
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Including Discontinued Operation — — — — $38.0m $30.0m ($603.0m) $73.0m $65.0m $5.0m —
Change in Cash, Cash Equivalents and Restricted Cash $35.0m ($696.0m) $91.0m $1.3b $12.5b ($2.0b) ($4.3b) $2.6b ($8.1b) ($303.0m) —
Impact of exchange rates on cash, cash equivalents and restricted cash ($123.0m) $31.0m ($25.0m) — — — — — — — —
Effect Of Exchange Rate Changes — — — — — — ($603.0m) $73.0m $65.0m $5.0m ($45.0m)
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $395.0m $466.0m $631.0m $1.1b $1.6b $1.9b $1.7b $2.1b $2.1b $2.0b —
Additional Financial Items
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net — — — $4.8b $0 $0 — — — — —
Gain (Loss) on Sale of Properties — — — $28.0m $0 $0 — — — — —
Gain (Loss) Related to Litigation Settlement — — — $46.0m $0 $0 — — — — —
Goodwill — — — $80.3b $77.7b $78.1b $77.9b $77.1b $73.3b $73.3b $1.4b
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — $10.9b ($2.4b) $2.5b $3.6b $3.4b $5.8b — —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — $671.0m ($32.0m) ($29.0m) ($48.0m) $0 $0 — —
Income Tax Expense (Benefit) — — — $3.0b $699.0m $25.0m $1.7b $1.4b $1.8b ($1.4b) —
Operating Costs and Expenses — — — $42.0b — — — — — — —
Operating Lease, Expense — — — — $899.0m $853.0m $796.0m $820.0m — — —
Operating Lease, Lease Income — — — — — — — — $600.0m $600.0m —
Proceeds from Noncontrolling Interests — — — $737.0m $94.0m $91.0m — $735.0m $9.0m $12.0m —
Proceeds from Stock Options Exercised $259.0m $276.0m $210.0m $318.0m $305.0m $435.0m $127.0m $52.0m $88.0m $233.0m —
Stock or Unit Option Plan Expense — — — $84.0m $101.0m $95.0m $88.0m $76.0m $71.0m $70.0m —
Equity in the income of investees ($926.0m) ($320.0m) $102.0m $103.0m ($651.0m) ($761.0m) ($816.0m) ($782.0m) ($575.0m) ($295.0m) —
Cash distributions received from equity investees $799.0m $788.0m $775.0m $754.0m $774.0m $754.0m $779.0m $720.0m $437.0m $145.0m —
Net change in produced and licensed content costs and advances ($101.0m) ($1.1b) ($523.0m) ($542.0m) $397.0m ($4.3b) ($6.3b) ($1.9b) $1.0b $577.0m —
Equity-based compensation $393.0m $364.0m $393.0m $711.0m $525.0m $600.0m $977.0m $1.1b $1.4b $1.4b —
Other, net $674.0m $503.0m $441.0m $206.0m $641.0m $144.0m ($839.0m) ($828.0m) ($929.0m) ($1.0b) —
Income taxes ($598.0m) $208.0m $592.0m ($6.6b) ($152.0m) ($282.0m) $46.0m $1.3b ($1.4b) ($228.0m) —
Cash provided by operations $13.1b $12.3b $14.3b — — — — $9.9b $14.0b $18.1b —
Contributions from noncontrolling interests $0 $17.0m $399.0m $737.0m $94.0m $91.0m $74.0m $735.0m $9.0m $12.0m —
Acquisition of redeemable noncontrolling interests — $0 $0 ($1.4b) $0 ($350.0m) $0 ($900.0m) ($8.6b) ($439.0m) —
Income taxes paid $4.1b $3.8b $2.5b $9.3b $738.0m $1.6b $1.1b $1.2b $4.0b $1.2b —
Proceeds from exercise of stock options $259.0m $276.0m $210.0m — — — — — — — —
Cash Flow From Continuing Financing Activities — — — — — — ($4.7b) ($2.7b) ($15.3b) ($10.4b) ($8.0b)
Cash Flow From Continuing Investing Activities — — — — — — ($5.0b) ($4.6b) ($6.9b) ($8.0b) ($9.1b)
Cash From Discontinued Financing Activities — — — — — $0 ($12.0m)
$0 +100.00%
$0 — $0
Cash From Discontinued Investing Activities — — — — — $8.0m $0 $0 — — —
Change In Account Payable — — — — — — $964.0m ($1.1b) $156.0m $237.0m $15.0m
Change In Cash Supplemental As Reported — — — — — — ($4.3b) $2.6b ($8.1b) ($303.0m) —
Change In Other Working Capital — — — — — — $46.0m $1.3b ($1.4b) ($228.0m) ($1.9b)
Change In Payable — — — — — — $964.0m ($1.1b) $156.0m $237.0m $15.0m
Changes In Cash — — — — — — ($3.7b) $2.5b ($8.2b) ($308.0m) ($133.0m)
End Cash Position — — — — — — $11.7b $14.2b $6.1b $5.8b $5.3b
Financing Cash Flow — — — — — — ($4.7b)
($2.7b) +42.54%
($15.3b) -461.23%
($10.4b) +32.20%
($8.0b) +22.67%
Free Cash Flow — — — — — — $1.1b $4.9b $8.6b $10.1b $8.3b
Gain Loss On Investment Securities — — — — — ($332.0m) $714.0m ($166.0m) $5.0m — $5.0m
Investing Cash Flow — — — — — — ($5.0b) ($4.6b) ($6.9b) ($8.0b) ($9.1b)
Net Investment Purchase And Sale — — — — — — $52.0m $458.0m ($1.4b) ($94.0m) ($536.0m)
Net PPE Purchase And Sale — — — — — — ($4.9b) ($5.0b) ($5.4b) ($8.0b) ($8.7b)
Operating Gains Losses — — — — — — $518.0m ($782.0m) ($575.0m) ($295.0m) ($325.0m)
Other Non Cash Items — — — — — — ($5.9b) ($1.9b) $903.0m $429.0m —
Pension And Employee Benefit Expense — — — — — $816.0m $620.0m $4.0m ($96.0m) — ($96.0m)
Proceeds From Stock Option Exercised — — — — — $435.0m $127.0m $52.0m — — —
Purchase Of PPE — — — $4.9b $4.0b $3.6b ($4.9b) ($5.0b) ($5.4b) ($8.0b) ($8.7b)
Sale Of Investment — — — — — — $52.0m $458.0m $105.0m $4.0m $4.0m
Stock Based Compensation — — — — — — $977.0m $1.1b $1.4b $1.4b $1.5b

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.