AI English summary of an SEC filing — figures as filed
The Walt Disney Company DISThe company said that revenue for the quarter ended December 30, 2023 was $23,549 million, comparable to $23,512 million in the prior-year quarter, and that diluted EPS rose from $0.70 to $1.04. Diluted EPS excluding certain items was $1.22, compared with $0.99 in the prior-year quarter.
Key points
AI summaryThe company said that revenue for the quarter ended December 30, 2023 was $23,549 million, comparable to $23,512 million in the prior-year quarter, and that diluted EPS rose from $0.70 to $1.04. Diluted EPS excluding certain items was $1.22, compared with $0.99 in the prior-year quarter.
The company reported that Entertainment segment operating income for the quarter rose to $874 million from $345 million in the prior-year quarter. Direct-to-Consumer operating loss narrowed to $138 million from $984 million a year earlier. Content Sales/Licensing and Other operating loss was $224 million.
The company said cash provided by operations for the quarter was $2,185 million, compared with cash used of $(974) million in the prior-year quarter, and free cash flow was $886 million, compared with $(2,155) million a year earlier. It said it continues to expect fiscal 2024 full-year free cash flow of roughly $8 billion.
The company said its Board approved a new share repurchase program of up to 400 million shares, effective February 7, 2024, with no expiration date. The company said it is targeting share repurchases of up to $3 billion in fiscal 2024.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.
Disney Revenue $23,549 million, Diluted EPS $1.04 for Q1
The company said that revenue for the quarter ended December 30, 2023 was $23,549 million, comparable to $23,512 million in the prior-year quarter, and that diluted EPS rose from $0.70 to $1.04. Diluted EPS excluding certain items was $1.22, compared with $0.99 in the prior-year quarter.
Source · Based on the filing body and exhibits
Entertainment operating income $874 million, Direct-to-Consumer operating loss $138 million
The company reported that Entertainment segment operating income for the quarter rose to $874 million from $345 million in the prior-year quarter. Direct-to-Consumer operating loss narrowed to $138 million from $984 million a year earlier. Content Sales/Licensing and Other operating loss was $224 million.
Source · Based on the filing body and exhibits
Quarterly operating cash flow $2,185 million, free cash flow $886 million
The company said cash provided by operations for the quarter was $2,185 million, compared with cash used of $(974) million in the prior-year quarter, and free cash flow was $886 million, compared with $(2,155) million a year earlier. It said it continues to expect fiscal 2024 full-year free cash flow of roughly $8 billion.
Source · Based on the filing body and exhibits
Approves up to 400 million share buyback program
The company said its Board approved a new share repurchase program of up to 400 million shares, effective February 7, 2024, with no expiration date. The company said it is targeting share repurchases of up to $3 billion in fiscal 2024.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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