The Walt Disney Company

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The Walt Disney Company

• Performed by
• Shanna Baumgarten
• Michaela Baylous
• Laura Buckner
• Kari Gurtel

2
Disneys Entities

• Disney Consumer Products
• Toys
• Publishing
• Movies/games
• Clothes
• Electronics
• Disney Parks and Resorts
• Florida
• California
• Tokyo
• Paris
• Hong Kong
• Disney Adventures

• Disney Studio Entertainment
• Disney Media Networks
• ABC
• SOAPNet
• Lifetime
• AE
• Buena Vista
• Radio Disney
• ESPN
• Television
• Magazines
• Restaurants
• Mobile
• Interactive
• .com
• PPV

3
Financial Statements

• Balance Sheet
• Book Value
• Market Value
• Working Capital
• Debt
• Income Statement
• ROE
• ROA

• Cash Flow Statement
• Increasing steadily

4
Liquidity Ratios

• Current ratio
• Current assets over current liabilities
• 9,562 / 10,210 .94 times
• Acid test (quick ratio)
• (Current assets inventory) over current
  liabilities
• (9,652 - 694) / 10,210 .87 times

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Profitability Ratios

• Profit Margin
• Net Income/Sales
• 3,374 / 34,285 .098 9.8
• Asset Turnover
• Sales/Assets
• 34,285/59,998 .571 5.71
• Financial Leverage
• Assets/ Equity
• 59,998/22,3772.681

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Sales Growth

• Sustainable Growth
• Cash surplus
• Growth from 2005 to 2006
• ProForma
• External funding required
• 15,000
• Retained Earnings
• 22,625
• Funding Source
• Loans

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Risks

• Economic Conditions
• Changes in Consumer Demand
• Regulations
• Intellectual Property Rights
• Employee Costs

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Risks (cont.)

• Pixar
• Interest Rates
• Foreign Exchange Rates
• Trade
• Taxes

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Recomendations

• Watch back dated stock options
• Pixar
• Working Capital