DISNEY COMPANY BALANCE SHEET Period Ending 27-Sep-14 28-Sep-13 29-Sep-12 Assets
ID: 2383358 • Letter: D
Question
DISNEY COMPANY BALANCE SHEET
Period Ending
27-Sep-14
28-Sep-13
29-Sep-12
Assets
CurrentAssets
CashAndCashEquivalents
3,421,000
3,931,000
3,387,000
ShortTermInvestments
-
-
-
NetReceivables
8,319,000
7,452,000
7,305,000
Inventory
1,574,000
1,487,000
1,537,000
OtherCurrentAssets
1,862,000
1,239,000
1,480,000
TotalCurrentAssets
15,176,000
14,109,000
13,709,000
LongTermInvestments
2,696,000
2,849,000
2,723,000
PropertyPlantandEquipment
23,332,000
22,380,000
21,512,000
Goodwill
27,881,000
27,324,000
25,110,000
IntangibleAssets
7,434,000
7,370,000
5,015,000
AccumulatedAmortization
-
-
-
OtherAssets
7,667,000
7,209,000
6,829,000
DeferredLongTermAssetCharges
-
-
-
TotalAssets
84,186,000
81,241,000
74,898,000
Liabilities
CurrentLiabilities
AccountsPayable
7,595,000
6,803,000
6,393,000
Short/CurrentLongTermDebt
2,164,000
1,512,000
3,614,000
OtherCurrentLiabilities
3,533,000
3,389,000
2,806,000
TotalCurrentLiabilities
13,292,000
11,704,000
12,813,000
LongTermDebt
12,676,000
12,776,000
10,697,000
OtherLiabilities
5,942,000
4,561,000
7,179,000
DeferredLongTermLiabilityCharges
4,098,000
4,050,000
2,251,000
MinorityInterest
3,220,000
2,721,000
2,199,000
NegativeGoodwill
-
-
-
TotalLiabilities
39,228,000
35,812,000
35,139,000
Stockholders'Equity
MiscStocksOptionsWarrants
-
-
-
RedeemablePreferredStock
-
-
-
PreferredStock
-
-
-
CommonStock
34,301,000
33,440,000
31,731,000
RetainedEarnings
53,734,000
47,758,000
42,965,000
TreasuryStock
-41,109,000
-34,582,000
-31,671,000
CapitalSurplus
-
-
-
OtherStockholderEquity
-1,968,000
-1,187,000
-3,266,000
TotalStockholderEquity
44,958,000
45,429,000
39,759,000
NetTangibleAssets
9,643,000
10,735,000
9,634,000
DISNEY COMPANY INCOME STATEMENT
Period Ending
27-Sep-14
28-Sep-13
29-Sep-12
TotalRevenue
48,813,000
45,041,000
42,278,000
CostofRevenue
26,420,000
25,034,000
23,468,000
GrossProfit
22,393,000
20,007,000
18,810,000
OperatingExpenses
ResearchDevelopment
-
-
-
SellingGeneralandAdministrative
8,565,000
8,365,000
7,960,000
NonRecurring
140,000
214,000
100,000
Others
2,288,000
2,192,000
1,987,000
TotalOperatingExpenses
-
-
-
OperatingIncomeorLoss
11,400,000
9,236,000
8,763,000
IncomefromContinuingOperations
TotalOtherIncome/ExpensesNet
-31,000
-69,000
239,000
EarningsBeforeInterestAndTaxes
12,246,000
9,620,000
9,260,000
InterestExpense
-
-
-
IncomeBeforeTax
12,246,000
9,620,000
9,260,000
IncomeTaxExpense
4,242,000
2,984,000
3,087,000
MinorityInterest
-503,000
-500,000
-491,000
NetIncomeFromContinuingOps
8,355,000
6,824,000
6,309,000
Non-recurringEvents
DiscontinuedOperations
-
-
-
ExtraordinaryItems
-
-
-
EffectOfAccountingChanges
-
-
-
OtherItems
-
-
-
NetIncome
7,501,000
6,136,000
5,682,000
PreferredStockAndOtherAdjustments
-
-
-
NetIncomeApplicableToCommonShares
7,501,000
6,136,000
5,682,000
“QUESTIONS”
Calculate the DuPont decomposition
Calculate the DuPont Decomposition for each of the three years for your company. The DuPont Decomposition is composed of
ROE = NI/Equity = NI/Sales *Sales/Assets * Assets/Equity
Therefore, you should have a total of twelve calculations (four ratios for each of the three years).
OTHER QUESTIONS
Has the company drastically increased or decreased its use of debt?
Has the company’s liquidity position changed over the three years?
Has ROE been rising or falling? If so, what has contributed to this change?
What trends do you see developing in the data?
Do you see any major changes in the financial status of the company over the time period?
Period Ending
27-Sep-14
28-Sep-13
29-Sep-12
Assets
CurrentAssets
CashAndCashEquivalents
3,421,000
3,931,000
3,387,000
ShortTermInvestments
-
-
-
NetReceivables
8,319,000
7,452,000
7,305,000
Inventory
1,574,000
1,487,000
1,537,000
OtherCurrentAssets
1,862,000
1,239,000
1,480,000
TotalCurrentAssets
15,176,000
14,109,000
13,709,000
LongTermInvestments
2,696,000
2,849,000
2,723,000
PropertyPlantandEquipment
23,332,000
22,380,000
21,512,000
Goodwill
27,881,000
27,324,000
25,110,000
IntangibleAssets
7,434,000
7,370,000
5,015,000
AccumulatedAmortization
-
-
-
OtherAssets
7,667,000
7,209,000
6,829,000
DeferredLongTermAssetCharges
-
-
-
TotalAssets
84,186,000
81,241,000
74,898,000
Liabilities
CurrentLiabilities
AccountsPayable
7,595,000
6,803,000
6,393,000
Short/CurrentLongTermDebt
2,164,000
1,512,000
3,614,000
OtherCurrentLiabilities
3,533,000
3,389,000
2,806,000
TotalCurrentLiabilities
13,292,000
11,704,000
12,813,000
LongTermDebt
12,676,000
12,776,000
10,697,000
OtherLiabilities
5,942,000
4,561,000
7,179,000
DeferredLongTermLiabilityCharges
4,098,000
4,050,000
2,251,000
MinorityInterest
3,220,000
2,721,000
2,199,000
NegativeGoodwill
-
-
-
TotalLiabilities
39,228,000
35,812,000
35,139,000
Stockholders'Equity
MiscStocksOptionsWarrants
-
-
-
RedeemablePreferredStock
-
-
-
PreferredStock
-
-
-
CommonStock
34,301,000
33,440,000
31,731,000
RetainedEarnings
53,734,000
47,758,000
42,965,000
TreasuryStock
-41,109,000
-34,582,000
-31,671,000
CapitalSurplus
-
-
-
OtherStockholderEquity
-1,968,000
-1,187,000
-3,266,000
TotalStockholderEquity
44,958,000
45,429,000
39,759,000
NetTangibleAssets
9,643,000
10,735,000
9,634,000
Explanation / Answer
Other questions:
1. No the debt was not drastically increase or decreased by the company the below are the year wise figures of debt which includes long term and short term debt of the company.
2. Yes, the liqudity ratio of the company was changed and the trends of the same was increasing. which is good for the company liquidity health:
3. ROE of the company was rising due to change in the shareholder equity which was as follows:
4. Overall increasing trend is showing in the data which is good for the company as well as the stakeholders.
5. Company is consistant towards its revenue and performance
Particular 2013-14 2012-13 2011-12 Net Income 7,501,000 6,136,000 5,682,000 Sales 48,813,000 45,041,000 42,278,000 Assets 84,186,000 81,241,000 74,898,000 Equity 44,958,000 45,429,000 39,759,000Related Questions
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