The segment footnote in The Walt Disney Company 2014 annual report follows (in m
ID: 2585835 • Letter: T
Question
The segment footnote in The Walt Disney Company 2014 annual report follows (in millions):
SEGMENT INFORMATION
The operating segments reported below are the segments of the Company for which separate financial information is available and for which segment results are evaluated regularly by the Chief Executive Officer in deciding how to allocate resources and in assessing performance.
2014
2013
2012
Revenues
Media Networks
$21,152
$20,356
$19,436
Parks and Resorts
15,099
14,087
12,920
Studio Entertainment
Third parties
6,988
5,721
5,566
Intersegment
290
258
259
7,278
5,979
5,825
Consumer Products
Third parties
4,274
3,811
3,499
Intersegment
(289)
(256)
(247)
3,985
3,555
3,252
Interactive
Third parties
1,300
1,066
857
Intersegment
(1)
(2)
(12)
1,299
1,064
845
Total consolidated revenues
$48,813
$45,041
$42,278
Segment operating income (loss)
Media Networks
$7,321
$6,818
$6,619
Parks and Resorts
2,663
2,220
1,902
Studio Entertainment
1,549
661
722
Consumer Products
1,356
1,112
937
Interactive
116
(87)
(216)
Total segment operating income
$13,005
$10,724
$9,964
Reconciliation of segment operating income
to income before income taxes
Segment operating income
$13,005
$10,724
$9,964
Corporate and unallocated shared expenses
(611)
(531)
(474)
Restructuring and impairment charges
(140)
(214)
(100)
Other income/(expense), net
(31)
(69)
239
Interest income/(expense), net
23
(235)
(369)
Hulu equity redemption charge
-
(55)
-
Income before income taxes
$12,246
$9,620
$9,260
Capital expenditures
Media Networks
Cable Networks
$172
$176
$170
Broadcasting
88
87
85
Parks and Resorts
Domestic
1,184
1,140
2,242
International
1,504
970
641
Studio Entertainment
63
78
79
Consumer Products
43
45
69
Interactive
5
13
27
Corporate
252
287
471
Total capital expenditures
$3,311
$2,796
$3,784
Depreciation expense
Media Networks
$238
$238
$241
Parks and Resorts
Domestic
1,117
1,041
927
International
353
327
314
Studio Entertainment
48
54
48
Consumer Products
59
57
55
Interactive
10
20
17
Corporate
239
220
182
Total depreciation expense
$2,064
$1,957
$1,784
Amortization of intangible assets
Media Networks
$12
$13
$17
Parks and Resorts
2
2
-
Studio Entertainment
88
107
94
Consumer Products
109
89
60
Interactive
13
24
32
Corporate
-
-
-
Total amortization of intangible assets
$224
$235
$203
Identifiable assets
Media Networks
$29,887
$28,627
Parks and Resorts
23,335
22,056
Studio Entertainment
15,155
14,750
Consumer Products
7,526
7,506
Interactive
2,259
2,311
Corporate
6,024
5,991
Total consolidated assets
$84,186
$81,241
Asset turnover
2014
2013
Media Networks
Answer
Incorrect
0.00 points out of 1.00
Answer
Incorrect
0.00 points out of 1.00
Parks and Resorts
Answer
Incorrect
0.00 points out of 1.00
Answer
Incorrect
0.00 points out of 1.00
Studio Entertainment
Answer
Incorrect
0.00 points out of 1.00
Answer
Incorrect
0.00 points out of 1.00
Consumer Products
Answer
Incorrect
0.00 points out of 1.00
Answer
Incorrect
0.00 points out of 1.00
Interactive Media
Answer
Incorrect
0.00 points out of 1.00
Please calculate asset turnover for each segment
Answer
2014
2013
2012
Revenues
Media Networks
$21,152
$20,356
$19,436
Parks and Resorts
15,099
14,087
12,920
Studio Entertainment
Third parties
6,988
5,721
5,566
Intersegment
290
258
259
7,278
5,979
5,825
Consumer Products
Third parties
4,274
3,811
3,499
Intersegment
(289)
(256)
(247)
3,985
3,555
3,252
Interactive
Third parties
1,300
1,066
857
Intersegment
(1)
(2)
(12)
1,299
1,064
845
Total consolidated revenues
$48,813
$45,041
$42,278
Segment operating income (loss)
Media Networks
$7,321
$6,818
$6,619
Parks and Resorts
2,663
2,220
1,902
Studio Entertainment
1,549
661
722
Consumer Products
1,356
1,112
937
Interactive
116
(87)
(216)
Total segment operating income
$13,005
$10,724
$9,964
Reconciliation of segment operating income
to income before income taxes
Segment operating income
$13,005
$10,724
$9,964
Corporate and unallocated shared expenses
(611)
(531)
(474)
Restructuring and impairment charges
(140)
(214)
(100)
Other income/(expense), net
(31)
(69)
239
Interest income/(expense), net
23
(235)
(369)
Hulu equity redemption charge
-
(55)
-
Income before income taxes
$12,246
$9,620
$9,260
Capital expenditures
Media Networks
Cable Networks
$172
$176
$170
Broadcasting
88
87
85
Parks and Resorts
Domestic
1,184
1,140
2,242
International
1,504
970
641
Studio Entertainment
63
78
79
Consumer Products
43
45
69
Interactive
5
13
27
Corporate
252
287
471
Total capital expenditures
$3,311
$2,796
$3,784
Depreciation expense
Media Networks
$238
$238
$241
Parks and Resorts
Domestic
1,117
1,041
927
International
353
327
314
Studio Entertainment
48
54
48
Consumer Products
59
57
55
Interactive
10
20
17
Corporate
239
220
182
Total depreciation expense
$2,064
$1,957
$1,784
Amortization of intangible assets
Media Networks
$12
$13
$17
Parks and Resorts
2
2
-
Studio Entertainment
88
107
94
Consumer Products
109
89
60
Interactive
13
24
32
Corporate
-
-
-
Total amortization of intangible assets
$224
$235
$203
Identifiable assets
Media Networks
$29,887
$28,627
Parks and Resorts
23,335
22,056
Studio Entertainment
15,155
14,750
Consumer Products
7,526
7,506
Interactive
2,259
2,311
Corporate
6,024
5,991
Total consolidated assets
$84,186
$81,241
Explanation / Answer
Asset turnover ratio=Net sales/Average total assets Media networks 2014 2013 1) Net sales 21152 20356 2) Beginning total assets 28627 Not available 3) Ending total assets 29887 28627 4) Average total assets [(2)+)3)]/2 29257 28627 * 5) Asset turn over ratio [(1)/(4)] 72.30% 71.11% Parks & Resorts 2014 2013 1) Net sales 15099 14087 2) Beginning total assets 22056 Not available 3) Ending total assets 23335 22056 4) Average total assets [(2)+)3)]/2 22695.5 22056 * 5) Asset turn over ratio [(1)/(4)] 66.53% 63.87% Studio entertainment 2014 2013 1) Net sales 7278 5979 2) Beginning total assets 14750 Not available 3) Ending total assets 15155 14750 4) Average total assets [(2)+)3)]/2 14952.5 14750 * 5) Asset turn over ratio [(1)/(4)] 48.67% 40.54% Consumer products 2014 2013 1) Net sales 3985 3555 2) Beginning total assets 7506 Not available 3) Ending total assets 7526 7506 4) Average total assets [(2)+)3)]/2 7516 7506 * 5) Asset turn over ratio [(1)/(4)] 53.02% 47.36% Interactive 2014 2013 1) Net sales 1299 1064 2) Beginning total assets 2311 Not available 3) Ending total assets 2259 2311 4) Average total assets [(2)+)3)]/2 2285 2311 * 5) Asset turn over ratio [(1)/(4)] 56.85% 46.04% * Total assets for 2012 has not given.Hence,Average total assets cant be determined.Take 2013 total assets as average total assets
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