Stock Analysis on Net
Stock Analysis on Net

Walt Disney Co. (NYSE:DIS)

Common-Size Balance Sheet: Assets 
Quarterly Data

Walt Disney Co., common-size consolidated balance sheet: assets (quarterly data)

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Mar 28, 2026 Dec 27, 2025 Sep 27, 2025 Jun 28, 2025 Mar 29, 2025 Dec 28, 2024 Sep 28, 2024 Jun 29, 2024 Mar 30, 2024 Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Jan 1, 2022 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Jan 2, 2021 Oct 3, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019
Cash and cash equivalents 2.77 2.81 2.88 2.73 2.99 2.78 3.06 3.01 3.40 3.64 6.90 5.62 5.08 4.19 5.70 6.35 6.56 7.10 7.84 7.95 7.94 8.45 8.89 11.13 6.95 3.40
Receivables, net 7.01 7.45 6.69 6.82 6.42 6.99 6.49 6.56 6.16 7.14 6.00 6.43 6.23 6.92 6.21 6.71 6.79 7.32 6.57 6.60 6.26 6.96 6.31 6.08 7.04 8.51
Inventories 1.01 1.07 1.08 1.06 1.02 1.02 1.03 1.00 1.00 0.99 0.95 0.93 0.90 0.91 0.86 0.78 0.71 0.66 0.65 0.66 0.70 0.73 0.79 0.75 0.74 0.78
Content advances 0.57 0.66 1.04 0.89 0.54 0.59 1.07 1.01 0.98 0.71 1.46 1.16 0.91 0.64 0.93 0.93 0.89 0.55 1.07 1.17 1.10 0.70 1.08 1.51 0.91 0.66
Other current assets 0.62 0.61 0.59 0.62 0.64 0.63 1.22 1.31 1.08 0.66 0.63 0.66 0.67 0.65 0.59 0.63 0.59 0.55 0.40 0.41 0.42 0.42 0.43 0.43 0.49 0.47
Current assets 11.99% 12.60% 12.29% 12.12% 11.61% 12.01% 12.86% 12.89% 12.63% 13.13% 15.94% 14.81% 13.80% 13.31% 14.29% 15.40% 15.52% 16.19% 16.53% 16.80% 16.42% 17.27% 17.49% 19.90% 16.13% 13.82%
Produced and licensed content costs 14.79 15.40 15.86 15.91 16.25 16.50 16.47 16.58 16.70 16.55 16.34 16.98 18.04 17.94 17.57 16.70 15.98 15.08 14.51 13.79 13.41 12.84 12.41 12.31 12.97 13.21
Investments 4.09 3.98 4.10 4.41 4.49 4.52 2.27 2.34 1.54 1.56 1.50 1.50 1.65 1.57 1.58 1.59 1.66 1.75 1.93 2.00 2.15 2.00 1.94 1.74 1.54 1.65
Attractions, buildings and equipment 42.01 40.49 41.54 41.48 40.71 39.75 39.08 37.10 36.99 36.45 34.09 34.26 34.02 33.77 32.90 32.14 32.23 32.10 31.87 31.66 31.48 31.21 30.82 29.44 29.54 29.81
Projects in progress 2.42 3.66 3.50 3.20 2.93 2.32 2.41 3.15 3.20 2.84 3.06 2.79 2.53 2.69 2.36 2.92 2.63 2.36 2.22 2.40 2.44 2.25 2.21 2.11 1.90 2.00
Land 0.58 0.59 0.60 0.61 0.60 0.57 0.58 0.59 0.60 0.60 0.57 0.58 0.57 0.57 0.56 0.55 0.56 0.55 0.56 0.53 0.54 0.53 0.51 0.49 0.49 0.51
Parks, resorts and other property, at cost 45.00% 44.75% 45.64% 45.28% 44.24% 42.65% 42.07% 40.84% 40.79% 39.89% 37.72% 37.63% 37.11% 37.03% 35.83% 35.61% 35.42% 35.01% 34.65% 34.59% 34.46% 34.00% 33.54% 32.04% 31.93% 32.32%
Accumulated depreciation -23.44 -23.37 -24.75 -24.84 -24.27 -23.29 -23.19 -22.61 -22.58 -22.03 -20.73 -20.67 -20.23 -20.11 -19.33 -19.15 -19.16 -18.94 -18.62 -18.58 -18.41 -18.02 -17.62 -16.68 -16.34 -16.45
Parks, resorts and other property, net 21.56% 21.38% 20.89% 20.44% 19.96% 19.36% 18.88% 18.22% 18.21% 17.86% 17.00% 16.97% 16.88% 16.92% 16.50% 16.46% 16.26% 16.07% 16.02% 16.01% 16.05% 15.98% 15.92% 15.36% 15.59% 15.87%
Intangible assets, net 4.90 4.67 4.69 4.90 5.11 5.26 5.47 5.62 5.88 6.39 6.35 6.61 6.78 7.10 7.29 7.51 7.84 8.15 8.41 8.70 9.05 9.23 9.51 9.43 10.68 11.28
Goodwill 36.39 36.99 37.11 37.29 37.44 37.21 37.37 37.37 37.88 38.97 37.49 38.22 38.02 38.52 38.25 38.19 38.54 38.39 38.34 38.49 38.88 38.54 38.55 37.19 38.93 39.97
Other assets 6.27 4.99 5.06 4.94 5.14 5.15 6.68 6.97 7.16 5.55 5.39 4.91 4.84 4.63 4.52 4.15 4.20 4.36 4.25 4.21 4.04 4.13 4.18 4.06 4.16 4.20
Long-term assets 88.01% 87.40% 87.71% 87.88% 88.39% 87.99% 87.14% 87.11% 87.37% 86.87% 84.06% 85.19% 86.20% 86.69% 85.71% 84.60% 84.48% 83.81% 83.47% 83.20% 83.58% 82.73% 82.51% 80.10% 83.87% 86.18%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2026-03-28), 10-Q (reporting date: 2025-12-27), 10-K (reporting date: 2025-09-27), 10-Q (reporting date: 2025-06-28), 10-Q (reporting date: 2025-03-29), 10-Q (reporting date: 2024-12-28), 10-K (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-Q (reporting date: 2023-12-30), 10-K (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-K (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-Q (reporting date: 2022-01-01), 10-K (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-Q (reporting date: 2021-01-02), 10-K (reporting date: 2020-10-03), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-Q (reporting date: 2019-12-28).

The asset composition shows a strategic transition from a high-liquidity posture during the 2020-2021 period toward increased capital intensity and long-term asset investment. Total current assets peaked at 19.90% in June 2020 before entering a long-term decline, ending at 11.99% by March 2026. This shift is mirrored by a corresponding increase in long-term assets, which rose from 86.18% to 88.01% over the analyzed timeframe.

Liquidity and Short-Term Asset Trends
Cash and cash equivalents experienced a significant surge, peaking at 11.13% in June 2020, reflecting a period of aggressive liquidity preservation. This was followed by a steady contraction, reaching a low of 2.73% by June 2025, indicating a deployment of cash reserves into operational investments or debt obligations. Receivables remained relatively stable, fluctuating between 6% and 8% of total assets, while inventories showed a marginal but consistent increase from 0.78% to approximately 1.01%.
Fixed Asset Expansion and Capital Expenditure
There is a pronounced upward trend in investments in physical infrastructure. Parks, resorts, and other property (net) increased from 15.87% to 21.56% of total assets. This growth is driven by an increase in gross property, plant, and equipment costs, which rose from 32.32% to 45.00%, despite the simultaneous rise in accumulated depreciation from 16.45% to 23.44%. Projects in progress also showed volatility, peaking at 3.66% in September 2025, suggesting ongoing large-scale development cycles.
Content and Intangible Asset Dynamics
Produced and licensed content costs shifted from 13.21% to a peak of 18.04% in April 2023, before settling at 14.79% by March 2026, indicating a period of aggressive content acquisition followed by stabilization. Conversely, net intangible assets declined sharply from 11.28% to 4.90%, reflecting either systematic amortization or impairment. Goodwill remained the largest single asset component, though it saw a slight compression from 39.97% to 36.39%.
Investment and Other Asset Shifts
A notable shift in investment strategy is observed starting in mid-2024, where investments as a percentage of total assets jumped from approximately 2.3% to a plateau around 4.0%. Other assets remained relatively stable for several years before spiking to 7.16% in March 2024, subsequently normalizing to approximately 6.27% by the end of the period.

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