Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Walt Disney Co., consolidated income statement

US$ in millions

12 months ended:	Sep 28, 2024	Sep 30, 2023	Oct 1, 2022	Oct 2, 2021	Oct 3, 2020	Sep 28, 2019
Services	81,841)	79,562)	74,200)	61,768)	59,265)	60,542)
Products	9,520)	9,336)	8,522)	5,650)	6,123)	9,028)
Revenues	91,361)	88,898)	82,722)	67,418)	65,388)	69,570)
Cost of services, exclusive of depreciation and amortization	(52,509)	(53,139)	(48,962)	(41,129)	(39,406)	(36,450)
Cost of products, exclusive of depreciation and amortization	(6,189)	(6,062)	(5,439)	(4,002)	(4,474)	(5,568)
Cost of revenues, exclusive of depreciation and amortization	(58,698)	(59,201)	(54,401)	(45,131)	(43,880)	(42,018)
Gross profit	32,663)	29,697)	28,321)	22,287)	21,508)	27,552)
Selling, general, administrative and other	(15,759)	(15,336)	(16,388)	(13,517)	(12,369)	(11,541)
Depreciation and amortization	(4,990)	(5,369)	(5,163)	(5,111)	(5,345)	(4,160)
Restructuring and impairment charges	(3,595)	(3,892)	(237)	(654)	(5,735)	(1,183)
Operating income (loss)	8,319)	5,100)	6,533)	3,005)	(1,941)	10,668)
DraftKings gain (loss)	—)	169)	(663)	(111)	973)	—)
fuboTV gain	—)	—)	—)	186)	—)	—)
German FTA gain	—)	—)	—)	126)	—)	—)
Endemol Shine gain	—)	—)	—)	—)	65)	—)
Hulu gain	—)	—)	—)	—)	—)	4,794)
Insurance recoveries (settlements) related to legal matters	—)	—)	—)	—)	—)	46)
Charge for the extinguishment of a portion of the debt originally assumed in the TFCF acquisition	—)	—)	—)	—)	—)	(511)
Gain on sale of real estate, property rights and other	—)	—)	—)	—)	—)	28)
Other, net	(65)	(73)	(4)	—)	—)	—)
Other income (expense), net	(65)	96)	(667)	201)	1,038)	4,357)
Interest expense	(2,070)	(1,973)	(1,549)	(1,546)	(1,647)	(1,246)
Interest and investment income	406)	424)	90)	307)	156)	268)
Net periodic pension and postretirement benefit costs, other than service costs	404)	340)	62)	(167)	—)	—)
Interest expense, net	(1,260)	(1,209)	(1,397)	(1,406)	(1,491)	(978)
Equity in the income (loss) of investees	575)	782)	816)	761)	651)	(103)
Income (loss) from continuing operations before income taxes	7,569)	4,769)	5,285)	2,561)	(1,743)	13,944)
Income taxes on continuing operations	(1,796)	(1,379)	(1,732)	(25)	(699)	(3,031)
Net income (loss) from continuing operations	5,773)	3,390)	3,553)	2,536)	(2,442)	10,913)
Income (loss) from discontinued operations, net of income tax	—)	—)	(48)	(29)	(32)	671)
Net income (loss)	5,773)	3,390)	3,505)	2,507)	(2,474)	11,584)
Net income attributable to noncontrolling and redeemable noncontrolling interests	(801)	(1,036)	(360)	(512)	(390)	(530)
Net income (loss) attributable to The Walt Disney Company (Disney)	4,972)	2,354)	3,145)	1,995)	(2,864)	11,054)

Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28).

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Income statement item	Description	The company
Revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Walt Disney Co. revenues increased from 2022 to 2023 and from 2023 to 2024.
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	Walt Disney Co. operating income (loss) decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Income (loss) from continuing operations before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Walt Disney Co. income (loss) from continuing operations before income taxes decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Net income (loss) attributable to The Walt Disney Company (Disney)	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Walt Disney Co. net income (loss) attributable to The Walt Disney Company (Disney) decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.

Walt Disney Co. (NYSE:DIS)

Income Statement