TWDC Enterprises 18 Corp. (DIS) [Rocket]

In millions, except per share items	Sep-29-18	Sep-30-17	Oct-01-16	Oct-03-15	Sep-27-14	Sep-28-13	Sep-29-12	Oct-01-11
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Media Networks	24,500	23,510	23,689	23,264	21,152	20,356	19,436	18,714
Parks and Resorts	20,296	18,415	16,974	16,162	15,099	14,087	12,920	11,797
Studio Entertainment	9,987	8,379	9,441	7,366	7,278	5,979	5,825	6,351
Consumer Products & Interactive Media	4,651	4,833	5,528	5,673	5,284	4,619	4,097	4,031
Total revenues [+]	59,434	55,137	55,632	52,465	48,813	45,041	42,278	40,893
Products	8,565	8,294	8,502	8,571	8,567	7,761	7,653
Services	50,869	46,843	47,130	43,894	40,246	37,280	34,625
Revenue growth [+]	7.8%	-0.9%	6.0%	7.5%	8.4%	6.5%	3.4%	7.4%
Media Networks	4.2%	-0.8%	1.8%	10.0%	3.9%	4.7%	3.9%	9.0%
Parks and Resorts	10.2%	8.5%	5.0%	7.0%	7.2%	9.0%	9.5%	9.6%
Studio Entertainment	19.2%	-11.2%	28.2%	1.2%	21.7%	2.6%	-8.3%	-5.2%
Consumer Products & Interactive Media	-3.8%	-12.6%	-2.6%	7.4%	14.4%	12.7%	1.6%	17.2%
Cost of goods sold [+]	32,726	30,306	29,993	28,364	26,420	25,034	23,468	33,167
Cost of product sales	5,198	4,986	5,340	5,173	5,064	4,944	4,843
Cost of services	27,528	25,320	24,653	23,191	21,356	20,090	18,625
Cost of services, excluding D&A	-27,528	-25,320	-24,653	-23,191	-21,356	-20,090	-18,625
Gross profit	26,708	24,831	25,639	24,101	22,393	20,007	18,810	7,726
Gross margin	44.9%	45.0%	46.1%	45.9%	45.9%	44.4%	44.5%	18.9%
Selling, general and administrative	8,860	8,176	8,754	8,523	8,565	8,365	7,960	-55
Equity in earnings	-102	-320	926	814	854	688	627	585
Other operating expenses	-598	-463			31	-252	-239	-1,806
EBITDA [+]	18,344	16,798	17,811	16,392	14,651	12,582	11,716	10,172
EBITDA growth	9.2%	-5.7%	8.7%	11.9%	16.4%	7.4%	15.2%	20.0%
EBITDA margin	30.9%	30.5%	32.0%	31.2%	30.0%	27.9%	27.7%	24.9%
Depreciation	2,758	2,586	2,320	2,132	2,064	1,957	1,784	1,659
EBITA	15,586	14,212	15,491	14,260	12,587	10,625	9,932	8,513
EBITA margin	26.2%	25.8%	27.8%	27.2%	25.8%	23.6%	23.5%	20.8%
Amortization of intangibles	253	196	207	222	224	235	203	182
EBIT [+]	15,333	14,016	15,284	14,038	12,363	10,390	9,729	8,331
EBIT growth	9.4%	-8.3%	8.9%	13.5%	19.0%	6.8%	16.8%	23.1%
EBIT margin	25.8%	25.4%	27.5%	26.8%	25.3%	23.1%	23.0%	20.4%
Non-recurring items [+]	33	98	156	53	140	535	100	-55
Asset impairment	33	98	156	53	140	214	100	-55
Interest expense, net [+]	574	385	260	117	-23	235	369	343
Interest expense	574	385	260	117	294	235	369	343
Interest income					23
Other income (expense), net	3	255			294
Pre-tax income	14,729	13,788	14,868	13,868	12,246	9,620	9,260	8,043
Income taxes	1,663	4,422	5,078	5,016	4,242	2,984	3,087	2,785
Tax rate	11.3%	32.1%	34.2%	36.2%	34.6%	31.0%	33.3%	34.6%
Minority interest	468	386	399	470	503	500	491	451
Net income	12,598	8,980	9,391	8,382	7,501	6,136	5,682	4,807
Net margin	21.2%	16.3%	16.9%	16.0%	15.4%	13.6%	13.4%	11.8%

Basic EPS [+]	$8.40	$5.73	$5.76	$4.95	$4.31	$3.42	$3.17	$2.56
Growth	46.7%	-0.7%	16.5%	14.8%	25.9%	8.1%	23.7%	23.7%
Diluted EPS [+]	$8.36	$5.69	$5.73	$4.90	$4.26	$3.38	$3.13	$2.52
Growth	46.9%	-0.7%	16.8%	15.0%	26.0%	8.3%	24.1%	23.8%

Dividends per share [+]	$1.68	$1.56	$1.42	$1.81	$0.86	$0.75	$0.60	$0.40
Growth	7.7%	9.9%	-21.5%	110.5%	14.7%	25.0%	49.0%	18.1%

Shares outstanding (basic) [+]	1,499	1,568	1,629	1,694	1,740	1,792	1,794	1,878
Growth	-4.4%	-3.7%	-3.8%	-2.6%	-2.9%	-0.1%	-4.5%	-1.9%
Shares outstanding (diluted) [+]	1,507	1,578	1,639	1,709	1,759	1,813	1,818	1,909
Growth	-4.5%	-3.7%	-4.1%	-2.8%	-3.0%	-0.3%	-4.8%	-2.0%

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