AI English summary of an SEC filing — figures as filed
The Walt Disney Company DISThe company said revenue for Q2 rose to $22.1 billion from $21.8 billion in the prior-year quarter, and diluted EPS was a loss of $0.01 per share compared with income of $0.69 a year earlier. It cited goodwill impairments in the quarter as a factor, partly offset by higher operating income at Entertainment and Experiences.
Key points
AI summaryThe company said revenue for Q2 rose to $22.1 billion from $21.8 billion in the prior-year quarter, and diluted EPS was a loss of $0.01 per share compared with income of $0.69 a year earlier. It cited goodwill impairments in the quarter as a factor, partly offset by higher operating income at Entertainment and Experiences.
The company recorded goodwill impairment charges of $2,052 million in the quarter, related to Star India and entertainment linear networks. It said the Star India impairment resulted from the company entering into a binding agreement in the quarter to contribute its Star India operations to a new joint venture.
Cash provided by operations for the 6 months rose to $5,851 million from $2,262 million in the prior-year period, and free cash flow was $3,293 million. The company cited lower film and television production spending and the timing of payments for sports rights as factors behind the increase.
The company said revenue at its Experiences segment for Q2 increased to $8,393 million, up 10%, and segment operating income rose to $2,286 million, up 12%. It said Entertainment segment revenue for the same quarter decreased to $9,796 million, down 5%.
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.
Q2 Revenue $22.1 billion, Diluted EPS Loss of $0.01
The company said revenue for Q2 rose to $22.1 billion from $21.8 billion in the prior-year quarter, and diluted EPS was a loss of $0.01 per share compared with income of $0.69 a year earlier. It cited goodwill impairments in the quarter as a factor, partly offset by higher operating income at Entertainment and Experiences.
Source · Based on the filing body and exhibits
Goodwill Impairment Charges of $2,052 million, Star India Joint Venture Agreement
The company recorded goodwill impairment charges of $2,052 million in the quarter, related to Star India and entertainment linear networks. It said the Star India impairment resulted from the company entering into a binding agreement in the quarter to contribute its Star India operations to a new joint venture.
Source · Based on the filing body and exhibits
Operating Cash Flow of $5,851 million for 6 Months, Free Cash Flow of $3,293 million
Cash provided by operations for the 6 months rose to $5,851 million from $2,262 million in the prior-year period, and free cash flow was $3,293 million. The company cited lower film and television production spending and the timing of payments for sports rights as factors behind the increase.
Source · Based on the filing body and exhibits
Experiences Revenue Up 10%, Operating Income Up 12%
The company said revenue at its Experiences segment for Q2 increased to $8,393 million, up 10%, and segment operating income rose to $2,286 million, up 12%. It said Entertainment segment revenue for the same quarter decreased to $9,796 million, down 5%.
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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