Walt Disney (DIS) FY2023 results: revenue $88.9 billion, up 7.5% on the year
Walt Disney Co. (DIS) reported revenue of $88.9 billion for fiscal 2023, the year ended 30 September 2023, up 7.5% on the year before. Net income was $2.4 billion, down 25.2%, and diluted earnings per share $1.29. The figures are the company's own, from the 10-K it filed with the SEC on 21 November 2023.
Revenue
$88.9 billion
+7.5% on the year
FY2016FY2023
Operating margin
14.5%
14.7% a year earlier
FY2016FY2023
Net income
$2.4 billion
-25.2% on the year
FY2016FY2023
Diluted EPS
$1.29
-25.0% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
9,866
6,010
5,567
+64.2%
Capital expenditure
4,969
4,943
3,578
+0.5%
Free cash flow
4,897
1,067
1,989
+359.0%
Free cash flow margin
5.5%
1.3%
3.0%
Cash from investing
-4,641
-5,008
n/a
Cash from financing
-2,724
n/a
n/a
Depreciation and amortisation
5,369
5,163
5,111
+4.0%
Share-based compensation
1,143
977
600
+17.0%
Buybacks
0.0
0.0
n/a
Dividends paid
0.0
0.0
0.0
Diluted shares, weighted
1,830m
1,827m
1,828m
+0.2%
Shares outstanding at period end
1,800m
1,800m
n/a
0.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
99,277
95,008
88,553
+4.5%
Non-controlling interest
4,680
3,871
4,458
+20.9%
Redeemable equity
9,055
9,499
9,213
-4.7%
Debt
46,431
48,369
54,406
-4.0%
Operating lease liabilities
3,258
3,020
2,983
+7.9%
Finance lease liabilities
206
219
246
-5.9%
Other liabilities
42,672
43,645
43,750
-2.2%
Total liabilities and equity
205,579
203,631
203,609
+1.0%
Fixed assets
34,941
33,596
32,624
+4.0%
Goodwill
77,067
77,897
78,071
-1.1%
Intangible assets
13,061
14,837
17,115
-12.0%
Investments
3,080
3,218
3,935
-4.3%
Cash and equivalents
14,182
11,615
15,959
+22.1%
Receivables
12,330
12,652
13,367
-2.5%
Inventory
1,963
1,742
1,331
+12.7%
Other assets
48,955
48,074
41,207
+1.8%
Total assets
205,579
203,631
203,609
+1.0%
10-K for the year ended 30 September 2023, filed 21 November 2023: the filing.