2-2 Journal: Financial Statements and Cash Flow Management
Ashley Marie Allen
Southern New Hampshire University
March 10, 2022
Professor Diana Thatcher
Business Selection
Disney is the partner I like to focus on. I've cherished reviewing Disney films since - yes
I'm modest and I have seen them since I was nearly a baby. Walt Disney and his Roy familial
started howsoever exchange on Oct 16, 1923 at the Disney Brothers for a long time right Cartoon
Studios in Hollywood, California. Disney's The Walt Firm - A film studio that has achieved
advancements of shocking and phenomenally expensive motion pictures. Since around 1955, it
has been the intersection for all legal media as well as amusement, open air and indoor work
areas all over the planet, for certain arrangements between the 1990s and the 2000s. Disney are
as of now working with ABC, ESPN, Pixar, Wonder Studios, and Lucasfilm.( History.com
Editors, 2020).
Financial Statements
An establishment' financial insights offer a realistic demonstration of the firm that is
acclimated to depict the business to huge benefactors et al. outside of the firm, also on the
organization' laborers (Titman, Keown, Martin; 2016). Monetary benefit Statements, records, pay
Statements, and Statements of shareowner cost are the four styles of money related Information.
Partner in Nursing fiscal summary could be a financial plan concentrating on a firm's pay and
costs over a chosen central amount (Wikipedia.com). A Balance Sheet is a framework of an
individual's or organization's financial equilibriums that highlights resources, liabilities, and
furthermore the proprietor' esteem and is enlisted on a specific day, like the highest point of its
year (wikipedia.com). A pay Statement might be a current monetary ANalysis that exhibits
varieties in quality report accounts that impacts money and cash counterparts, and it separates the
examination concerning working, helping, and financial exercises (Wikipedia.com). A
declaration of Lender' cost is a record inside the organization's most popular and standard stock
records, yet as its order benefit account, next to changes in individual' esteem that don't happen
Produced
&
licensed
content
costs
Investments
Attractions,
buildings
&
improvements
Furniture,
fixtures
&
equipment
Land
improvements
Leasehold
improvements
Attractions,
buildings
&
equipment,
at
cost
Accumulated
depreciation
Parks,
resorts
&
other
property,
before
projects
in
progress
&
land
Projects
in
progress
Land
Parks,
resorts
&
other
property,
net
Intangible
assets, net
Goodwill
Receivables
Prepaid
expenses
Other
non-current
assets
Other
assets
Total
assets
Accounts
payable
Accounts
&
accrued
payables
Payroll
&
employee
benefits
Other
accounts
payable
&
accrued
liabilities
Accounts
payable
&
other
accrued
liabilities
Current
portion
of
borrowings
Deferred
revenue
&
other
current
liabilities
Total
current
liabilities
Commercial
paper
U.S.
&
european
medium-term
notes
BAMTech
LLC
acquisition
payable
Capital
Cities/ABC,
Inc.
debt
U.S.
dollar
denominated
notes
Foreign
currency
denominated
debt
Other
borrowings
Total
long-term
borrowings
-
Disney
Co.
Asia
Theme
Parks
borrowings
29,549,000
3,935,000
32,765,000
24,008,000
7,061,000
1,058,000
64,892,000
37,920,000
26,972,000
4,521,000
1,131,000
32,624,000
17,115,000
78,071,000
8.658.000
203,609,000
16,357,000
3,482,000
1,055,000
20,894,000
5,866,000
4,317,000
31,077,000
1,992,000
49,090,000
2,011,000
(18,000)
53,075,000
1,331,000
25,022,000
3,903,000
31,279,000
22,976,000
6,828,000
1,028,000
62,111,000
35,517,000
26,594,000
4,449,000
1,035,000
32,078,000
19,173,000
77,689,000
8,433,000
201,549,000
12,663,000
2,925,000
1,213,000
16,801,000
5,711,000
4,116,000
26,628,000
2,023,000
52,736,000
1,983,000
583,000
57,325,000
1,303,000
22,810,000
3,224,000
29,509,000
21,265,000
6,649,000
1,166,000
58,589,000
32,415,000
26,174,000
4,264,000
1,165,000
31,603,000
23,215,000
80,293,000
4,715,000
193,984,000
13,778,000
3,010,000
974,000
17,762,000
8,857,000
4,722,000
31,341,000
5,342,000
39,424,000
1,044,000
62,000
45,872,000
1,114,000
7,888,000
2,899,000
28,995,000
19,400,000
5,911,000
932,000
55,238,000
30,764,000
24,474,000
3,942,000
1,124,000
29,540,000
6,812,000
31,269,000
1,928,000
919,000
518,000
3.365.000
98,598,000
6,503,000
2,189,000
787,000
9,479,000
3,790,000
4,591,000
17,860,000
1,005,000
17,942,000
103,000
955,000
(276,000)
19,729,000
1,145,000
7,481,000
3,202,000
28,644,000
18,908,000
5,593,000
898,000
54,043,000
29,037,000
2,145,000
1,255,000
28,406,000
6,995,000
31,426,000
1,688,000
233,000
469,000
2,390,000
95,789,000
6,490,000
1,819,000
546,000
8,855,000
6,172,000
4,568,000
19,595,000
2,772,000
19,721,000
1,581,000
105,000
13,000
(46,000)
24,146,000
1,145,000
in the compensation explanation (Titman, Keown, Martin; 2016). a substitution duplicate of
Disney' Balance Sheet, monetary profit Statement, and cash Flow Statement is open underneath:
Less
current
portion
5,866,000
5,711,000
8,857,000 3,790,000
6,172,000
Deferred
income
taxes
7,246,000
7,288,000
7,902,000 3,109,000
4,480,000
Operating
&
financing
lease
liabilities
3,229,000
Other
long-term
liabilities
14,522,000
17,204,000
13,760,000
6,590,000
6,443,000
Common
stock
55,471,000
54,497,000
53,907,000
36,779,000
36,248,000
Market
value
adjustments
for
investments
(2,000)
15,000
Market
value
adjustments
(151,000)
Foreign
currency
translation
&
other
accumulated
other
comprehensive
income
(loss)
(971,000)
(624,000)
(407,000)
Accumulated
other
comprehensive
income
(loss)
(6,440,000)
(8,322,000)
(6,617,000)
(3,097,000)
(3,528,000)
Treasury
stock,
at
cost
907,000
907,000 907,000
67,588,000
64,011,000
Noncontrolling
interests
4,458,000
4,680,000
5,012,000
4,059,000
3,689,000
As
Reported
Annual
Income
Statement
(a
Not
@
Not
@
Not
@
Not
@
as
Quali
ite
a
Cos
a
Cee
idated
A(t)
eR
Revenues
-
products
5,650,000
6,123,000
9,028,000
8,565,000
8,294,000
Cost
of
services
(exclusive
of
depreciation
&
amortization)
41,129,000
39,406,000 36,450,000
27,528,000
25,320,000
Selling,
general,
administrative
&
other
expenses
13,517,000
12,369,000 11,541,000
8,860,000
8,176,000
Total
costs
&
expenses
(63,759,000)
(61,594,000) (57,719,000)
44,597,000
41,264,000
Restructuring
&
impairment
charges
Hulu
LLC
("Hulu")
gain
DraftKings
gain
(loss)
fuboTV
gain
German
FTA
gain
Charge
for
the
extinguishment
of
a
portion
of
the
debt
originally
assumed
in
the
TFCF
acquisition
Insurance
recoveries
(settlements)
related
to
legal
matters
Gains
on
sale
of
real
estate,
property
rights
&
other
Gain
related
to
the
acquisition
of
BAMTech
LLC
Gain
on
sale
of
an
investment
Other
income
(expense), net
Interest
expense
Interest
&
investment
income
Interest
income
(expense),
net
Equity
in
the
income
(loss)
of
investees
Income
(loss)
before
income
taxes
-
domestic
(including
U.S.
exports)
Income
(loss)
before
income
taxes
-
foreign
subsidiaries
Income
(loss)
from
continuing
operations
before
income
taxes
Current
income
tax
expense
(benefit)
-
federal
Current
income
tax
expense
(benefit)
-
state
Current
income
tax
expense
(benefit)
-
foreign
Total
current
income
tax
expense
(benefit)
Deferred
income
tax
expense
(benefit)
-
federal
Deferred
income
tax
expense
(benefit)
-
state
Deferred
income
tax
expense
(benefit)
-
foreign
Total
deferred
income
tax
expense
(benefit)
Income
taxes
on
continuing
operations
Net
income
(loss)
from
continuing
operations
Income
(loss)
from
discontinued
operations
Net
income
(loss)
Less:
net
loss
(income)
attributable
to
noncontrolling
interests
Less:
net
income
(loss)
from
continuing
operations
attributable
to
noncontrolling
&
redeemable
noncontrolling
interests
Less:
net
income
(loss)
from
discontinued
operations
attributable
to
noncontrolling
interests
Net
income
attributable
to
The
Walt
Disney
Company
(Disney)
Weighted
average
common & common
equivalent
shares
outstanding
-
basic
Weighted
average
common & common
equivalent
shares
outstanding
-
diluted
Year
end
shares
outstanding
Earnings
(loss)
per
share
from
continuing
operations
-
basic
Earnings
(loss)
per
share
from
discontinued
operations
-
basic
Net
earnings
(loss)
per
share
-
basic
Earnings
(loss)
per
share
from
continuing
operations
-
diluted
Earnings
(loss)
per
share
from
discontinued
operations
-
diluted
Net
earnings
(loss)
per
share
-
diluted
Dividends
per
share
Total
number
of
employees
Number
of
common
stockholders
Foreign
currency
translation
adjustments
654,000
(111,000)
186,000
126,000
201,000
1,546,000
140,000
(1,406,000)
761,000
5,241,000
(2,680,000)
2,561,000
594,000
129,000
554,000
1,277,000
(526,000)
(220,000)
(506,000)
(1,252,000)
25,000
2,536,000
(29,000)
2,507,000
(512,000)
1,995,000
1,816,000
1,828,000
1,781,000
111
(0.02)
1.1
1.11
(0.02)
1.09
190,000
813,000
5,735,000
973,000
65,000
1,038,000
1,647,000
156,000
(1,491,000)
651,000
4,706,000
(6,449,000)
(1,743,000)
95,000
148,000
731,000
974,000
279,000
(29,000)
(525,000)
(275,000)
699,000
(2,442,000)
(32,000)
(2,474,000)
(390,000)
(2,864,000)
1,808,000
1,808,000
1,781,000
(1.57)
(0.02)
(1.58)
(1.57)
(0.02)
(1.58)
0.88
203,000
826,250
115,000
1,183,000
4,794,000
(511,000)
(46,000)
28,000
4,357,000
1,246,000
268,000
(978,000)
(103,000)
12,389,000
1,555,000
13,944,000
14,000
112,000
824,000
950,000
1,829,000
259,000
(7,000)
2,081,000
3,031,000
10,913,000
671,000
11,584,000
(472,000)
(58,000)
11,054,000
1,656,000
1,666,000
1,783,000
6.3
0.37
6.68
6.27
0.37
6.64
1.76
223,000
850,000
(396,000)
33,000
(38,000)
560,000
3,000
601,000
682,000
108,000
(574,000)
(102,000)
12,914,000
1,815,000
14,729,000
2,240,000
362,000
642,000
3,244,000
(1,577,000)
(20,000)
16,000
(1,581,000)
1,663,000
13,066,000
(468,000)
12,598,000
1,499,000
1,507,000
1,488,000
8.4
8.36
1.68
201,000
854,000
(289,000)
98,000
177,000
255,000
78,000
507,000
122,000
(385,000)
320,000
12,611,000
1,177,000
13,788,000
3,229,000
360,000
489,000
4,078,000
370,000
5,000
(31,000)
344,000
4,422,000
9,366,000
(386,000)
8,980,000
1,568,000
1,578,000
1,517,000
5.73
5.69
1.56
199,000
871,300
(103,000)
es
i)
Not
Qualified
@
Not
Qualified
oo
Not
Qualified
oo
Not
Qualified
oo
Not
Qualified
oo
Cer
a
oe
ae
Net
income
(loss)
from
continuing
operations
Depreciation
&
amortization
Goodwill
&
intangible
asset
impairment
Gain
on
acquisitions
&
dispositions
Net
loss
(gain)
on
investments,
acquisitions
&
dispositions
Loss
(gains)
on
acquisitions
&
sales
of
investments
Deferred
income
taxes
Equity
in
the
loss
(income)
of
investees
Cash
distributions
received
from
equity
investees
Net
change
in
produced
&
licensed
content
costs
&
advances
Net
change
in
operating
lease
right
of
use
assets
liabilities
Equity-based
compensation
Pension
&
postretirement
medical
amortization
Other
adjustments
Receivables
Inventories
Other
assets
Accounts
payable
&
other
accrued
liabilities
Accounts
payable
&
other
liabilities
Income
taxes
Net
cash
flows
from
operating
activities
-
continuing
operations
Net
cash
flows
from
operating
activities
Investments
in
parks,
resorts
&
other
property
Acquisitions
Other
investing
activities
Net
cash
flows
from
investing
activities
-
continuing
operations
Net
cash
flows
from
investing
activities
Commercial
paper
borrowings
(payments),
net
Borrowings
Reduction
of
borrowings
Dividends
Repurchases
of
common
stock
Proceeds
from
exercise
of
stock
options
Contributions
from
or
sales
of
noncontrolling
interests
Acquisitions
of
noncontrolling
&
redeemable
noncontrolling
interests
Other
financing
activities
Net
cash
flows
from
financing
actvities
-
continuing
operations
Net
cash
flows
from
financing
actvities
Cash
flows
from
operating
activities
of
discontinued
operations
Cash
flows
from
investing
activities
of
discontinued
operations
Cash
flows
from
financing
activities
of
discontinued
operations
Cash
from
(used
in)
discontinued
operations
Impact
of
exchange
rates
on
cash,
cash
equivalents
&
restricted
cash
Change
in
cash,
cash
equivalents
&
restricted
cash
Cash,
cash
equivalents
&
restricted
cash,
beginning
of
year
Cash,
cash
equivalents
&
restricted
cash,
end
of
year
Interest
paid
Income
taxes
paid
2,536,000
5,111,000
(332,000)
(1,241,000)
(761,000)
754,000
(4,301,000)
46,000
600,000
816,000
144,000
(357,000)
252,000
171,000
2,410,000
(282,000)
5,566,000
5,566,000
(3,578,000)
407,000
(3,171,000)
(3,171,000)
(26,000)
64,000
(3,737,000)
435,000
91,000
(350,000)
(862,000)
(4,385,000)
(4,385,000)
1,000
8,000
9,000
30,000
(1,951,000)
17,954,000
16,003,000
1,892,000
1,638,000
(2,442,000)
5,345,000
4,953,000
(920,000)
(392,000)
(651,000)
774,000
397,000
31,000
525,000
641,000
1,943,000
14,000
(157,000)
(2,293,000)
(152,000)
7,616,000
(4,022,000)
172,000
(3,850,000)
(3,354,000)
18,120,000
(3,533,000)
(1,587,000)
305,000
94,000
(1,565,000)
8,480,000
2,000
213,000
215,000
38,000
12,499,000
5,455,000
17,954,000
1,559,000
738,000
10,913,000
4,160,000
(4,794,000)
117,000
103,000
754,000
(542,000)
711,000
206,000
55,000
(223,000)
932,000
191,000
(6,599,000)
5,984,000
(4,876,000)
(9,901,000)
(319,000)
(15,096,000)
4,318,000
38,240,000
(38,881,000)
(2,895,000)
318,000
737,000
(1,430,000)
(871,000)
(464,000)
622,000
10,978,000
(626,000)
10,974,000
(98,000)
1,300,000
4,155,000
5,455,000
1,142,000
9,259,000
13,066,000
3,011,000
(560,000)
(1,573,000)
102,000
775,000
(523,000)
393,000
441,000
(720,000)
(17,000)
(927,000)
235,000
592,000
14,295,000
(4,465,000)
(1,581,000)
710,000
(5,336,000)
(1,768,000)
1,056,000
(1,871,000)
(2,515,000)
(3,577,000)
210,000
399,000
(777,000)
(8,843,000)
(25,000)
91,000
4,064,000
4,155,000
631,000
2,503,000
9,366,000
2,782,000
(289,000)
334,000
(320,000)
788,000
(1,075,000)
364,000
503,000
107,000
(5,000)
(52,000)
(368,000)
208,000
12,343,000
(3,623,000)
(417,000)
(71,000)
(4,111,000)
1,247,000
4,820,000
(2,364,000)
(2,445,000)
(9,368,000)
276,000
17,000
(1,142,000)
(8,959,000)
31,000
(696,000)
4,760,000
4,064,000
466,000
3,801,000
Financial Role
Current cash results are useful because they give monetary information that significant
givers, banks, ANd analysts use to survey an association' monetary execution. It's additionally a
significant device for prime administration to settle on a choice and say past accomplishments
likewise as yearnings for the association. By spreading an association' monetary synopses,
leaders will talk with intrigued different partners and appreciate funders, new media, and
business analysts about the association's achievement and the manner in which they really
maintain their business. The monetary place of the corporation might be a main pressing issue
for significant givers and pioneers. As a stock of money for your association' assignments,
enormous givers and pioneers depend on cash - associated reports to survey the security and
benefit of their resources. Extra precisely, financial backers and pioneers ought to see any place
their cash has gone and where it's presently. (Way, 2019).
Cash Flow Management
An income that the directorate is significant in light of the fact that it guarantees that the
organization can pay compensation on schedule and has the assets to develop and propel a
business. Expecting cash assets are accessible, they can likewise be utilized to take care of bank
bills and convenient evaluation. Ordinary investigation of organization reserves guarantees that
future benefits can be precisely anticipated and a significant choice can be made. Troubled profit
for pioneers can prompt dissatisfactions for organizations. Receivables financing changes over
exceptional receivables into cash in somewhere around 48 hours, and with simple installment,
associations can meet their short and long haul goals.With board pay, there will be not any more
steady issues taking care of bills, their relationship with merchants will improve, and in
particular, business people can now zero in on overseeing and developing their business. a
proficient framework. Netflix is a new monetary relationship that is an illustration of this. of my
case. On January 19, 2021, Netflix handled that it intends to be monetary benefit adjusted for the
current year and pay positive energy year when 2021, and that it'll nevermore require outside
money to back its exercises, completing an even record and defending effort contributors who
have sought after cash into the corporate in spite of its capital ways. Netflix furthermore
composed inside the report that it will examine buybacks, that it's not done since around 2011,
when the organization was productive (Sherman, 2021).
References:
History.com Editors. (2020, May 26). The Walt Disney Company was founded. HISTORY.
https://www.history.com/this-day-in-history/walt-disney-company-founded
TECH Netflix will consider buybacks as it returns to positive cash flow after 2021. (2021).
Https://Www.Cnbc.Com/2021/01/19/Netflix-Says-Cash-Flow-Positive-after-2021-No-
More-External-Financing.Html. https://www.cnbc.com/2021/01/19/netflix-says-cash-
Flow-positive-after-2021-no-more-external-financing.html
Way, J. (2019, February 4). What Is the Importance of a Company's Financial Statements? Small
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