The company I chose to do my project on is Disney "DIS"; they are in
the entertainment business. They not only create animated movies
but action like marvel and Lucasfilm's, storefronts, streaming
services, amusement parks, and hotels/resorts. Their closing stock
price as of July 7, 2022, is $97.43.
After looking over their balance sheet what stood out to me the most
was that in 2021 their cash and short term investment growth
decreased to -10.91% and the year before it was up +229.11%. That
is a huge difference especially since they were so high in the green
and dropped into the red. This decrease is due to the world opening
back up again. Since more families are able to leave the house their
projected subscriber numbers were off by millions. In 2020 it was
obviously up due to closures and it was literally pure luck that they
released DISNEY+ before the pandemic in late 2019. Due to the
rising prices everywhere streaming services are the first to go since it
is not a necessity.
Dow Jones & Company. (n.d.). Dis | Walt Disney Co.. annual balance
sheet - WSJ. The Wall Street Journal. Retrieved July 7, 2022, from
https://www.wsj.com/market-
data/quotes/DIS/financials/annual/balance-sheet
Sharma, R. (2022, January 21). Disney (DIS) falls after disappointing
earnings report. Investopedia. Retrieved July 7, 2022, from
https://www.investopedia.com/disney-falls-after-disappointing-
earnings-5209283
