Walt Disney Co (DIS) [Rocket]

In millions, except per share items	Oct-01-22	Oct-02-21	Oct-03-20	Sep-28-19	Sep-29-18	Sep-30-17
	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
United States and Canada					45,038	41,881
Parks, Experiences and Products					24,701	23,024
Media Networks					21,922	21,299
Total revenues	82,722	67,418	65,388	69,607	59,434	55,137
Revenue growth [+]	22.7%	3.1%	-6.1%	17.1%	7.8%
United States and Canada					7.5%
Parks, Experiences and Products					7.3%
Media Networks					2.9%
Studio Entertainment					20.5%
Cost of goods sold	53,927	43,823	38,145	40,878	32,660	30,110
Gross profit	28,795	23,595	27,243	28,729	26,774	25,027
Gross margin	34.8%	35.0%	41.7%	41.3%	45.0%	45.4%
Selling, general and administrative	16,388	13,517	12,369	11,549	8,860	8,176
Equity in earnings	816	761	651	103	102	-320
Other operating expenses	237	654	5,735	6,183	237	-287
EBITDA [+]	12,986	10,185	9,790	11,100	17,779	16,818
EBITDA growth	27.5%	4.0%	-11.8%	-37.6%	5.7%
EBITDA margin	15.7%	15.1%	15.0%	15.9%	29.9%	30.5%
Depreciation	3,183	3,068	3,140	2,844	2,758	2,586
EBITA	9,803	7,117	6,650	8,256	15,021	14,232
EBITA margin	11.9%	10.6%	10.2%	11.9%	25.3%	25.8%
Amortization of intangibles	1,980	2,043	2,205	1,323	253	196
EBIT [+]	7,823	5,074	4,445	6,933	14,768	14,036
EBIT growth	54.2%	14.2%	-35.9%	-53.1%	5.2%
EBIT margin	9.5%	7.5%	6.8%	10.0%	24.8%	25.5%
Non-recurring items [+]	474	1,308	5,735	1,183	66	196
Asset impairment	237	654	5,735	1,183	33	98
Interest expense	1,397	1,406	1,491	978	574	385
Interest expense	1,397	1,406	1,491	978	574	385
Other income (expense), net	-667	201	1,038	9,151	601	333
Pre-tax income	5,285	2,561	-1,743	13,923	14,729	13,788
Income taxes	1,732	25	699	3,026	1,663	4,422
Tax rate	32.8%	1.0%		21.7%	11.3%	32.1%
Earnings from continuing ops	7,106	5,072	-2,442	10,897	13,066	9,366
Earnings from discontinued ops	-48	-29	-32	687
Net income	7,058	5,043	-2,474	11,584	13,066	9,366
Net margin	8.5%	7.5%	-3.8%	16.6%	22.0%	17.0%

Basic EPS [+]	$3.90	$2.79	($1.35)	$6.58	$8.72	$5.97
Growth	39.6%	-306.8%	-120.5%	-24.5%	45.9%
Diluted EPS [+]	$3.89	$2.77	($1.35)	$6.54	$8.67	$5.94
Growth	40.2%	-305.4%	-120.6%	-24.6%	46.1%


Shares outstanding (basic) [+]	1,822	1,816	1,808	1,656	1,499	1,568
Growth	0.3%	0.4%	9.2%	10.5%	-4.4%
Shares outstanding (diluted) [+]	1,827	1,828	1,808	1,666	1,507	1,578
Growth	-0.1%	1.1%	8.5%	10.6%	-4.5%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.