XML 44 R26.htm IDEA: XBRL DOCUMENT v3.10.0.1
Revenues (Tables)
 3 Months Ended
Dec. 29, 2018
Revenue from Contract with Customer [Abstract]  
Cumulative Effect of Adoption on the Condensed Consolidated Balance Sheet The cumulative effect of adoption at September 29, 2018 and the impact at December 29, 2018 (had we not applied the new revenue standard) on the Condensed Consolidated Balance Sheet is as follows:
 
September 29, 2018
 
December 29, 2018
 
Fiscal 2018 Ending Balances as Reported
 
Effect of Adoption
 
Q1 2019 Opening Balances
 
Balances Assuming
Historical Accounting
 
Q1 2019 Impact of New Revenue Standard
 
Q1 2019 Ending Balances as Reported
Assets
 
 
 
 
 
 
 
 
 
 
 
Receivables - current/non-current
$
11,262

 
$
(241
)
 
$
11,021

 
$
12,030

 
$
(102
)
 
$
11,928

Film and television costs and advances - current/non-current
9,202

 
48

 
9,250

 
8,968

 
33

 
9,001

 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
Accounts payable and other accrued liabilities
9,479

 
1,039

 
10,518

 
9,799

 
897

 
10,696

Deferred revenue and other
4,591

 
(1,082
)
 
3,509

 
4,342

 
(908
)
 
3,434

Deferred income taxes
3,109

 
(34
)
 
3,075

 
3,208

 
(31
)
 
3,177

 
 
 
 
 
 
 
 
 
 
 
 
Equity
52,832

 
(116
)
 
52,716

 
54,420

 
(27
)
 
54,393
Financial Statement Impact Presented Under Previous Guidance The impact on the Condensed Consolidated Statement of Income for the quarter ended December 29, 2018, due to the adoption of the new revenue standard is as follows:
 
Quarter ended December 29, 2018
 
Results Assuming
Historical Accounting
 
Impact of New Revenue Standard
 
Reported
Revenues
$
15,109

 
$
194

 
$
15,303

Cost and Expenses
(11,806
)
 
(79
)
 
(11,885
)
Income Taxes
(619
)
 
(26
)
 
(645
)
Net Income
2,697

 
89

 
2,786
Disaggregation of Revenue by Major Source The following table presents our revenues by segment and major source:
 
Quarter Ended December 29, 2018
 
Media
Networks
 
Parks, Experiences
& Consumer Products
 
Studio
Entertainment
 
Direct-to-Consumer & International
 
Eliminations
 
Consolidated
Affiliate fees
$
3,075

 
$
—

 
$
—

 
$
323

 
$
—

 
$
3,398

Advertising
2,023

 
2

 
—

 
417

 


 
2,442

Theme park admissions
—

 
1,933

 
—

 
—

 
—

 
1,933

Resort and vacations
—

 
1,531

 
—

 
—

 
—

 
1,531

Retail and wholesale sales of merchandise, food and beverage
—

 
2,122

 
—

 
—

 
—

 
2,122

TV/SVOD distribution licensing
722

 
—

 
605

 
34

 
(184
)
 
1,177

Theatrical distribution licensing
—

 
—

 
373

 
—

 
—

 
373

Merchandise licensing
—

 
741

 
154

 
15

 
—

 
910

Home entertainment
—

 
—

 
425

 
28

 
—

 
453

Other
101

 
495

 
267

 
101

 
—

 
964

Total revenues
$
5,921

 
$
6,824

 
$
1,824

 
$
918

 
$
(184
)
 
$
15,303

 
Quarter Ended December 30, 2017(1)
 
Media
Networks
 
Parks, Experiences
& Consumer Products
 
Studio
Entertainment
 
Direct-to-Consumer & International
 
Eliminations
 
Consolidated
Affiliate fees
$
2,867

 
$
—

 
$
—

 
$
338

 
$
—

 
$
3,205

Advertising
1,963

 
2

 
—

 
411

 
—

 
2,376

Theme park admissions
—

 
1,832

 
—

 
—

 
—

 
1,832

Resort and vacations
—

 
1,463

 
—

 
—

 
—

 
1,463

Retail and wholesale sales of merchandise, food and beverage
—

 
2,059

 
—

 
—

 
—

 
2,059

TV/SVOD distribution licensing
624

 
—

 
519

 
25

 
(171
)
 
997

Theatrical distribution licensing
—

 
—

 
1,169

 
—

 
—

 
1,169

Merchandise licensing
—

 
776

 
171

 
18

 
—

 
965

Home entertainment
—

 
—

 
361

 
30

 
—

 
391

Other
101

 
395

 
289

 
109

 
—

 
894

Total revenues
$
5,555

 
$
6,527

 
$
2,509

 
$
931

 
$
(171
)
 
$
15,351

(1) 
The table presents our revenues by segment and major source under historical accounting.
Disaggregation of Revenue by Geographical Markets The following table presents our revenues by segment and primary geographical markets:
 
Quarter Ended December 29, 2018
 
Media
Networks
 
Parks, Experiences
& Consumer Products
 
Studio
Entertainment
 
Direct-to-Consumer & International
 
Eliminations
 
Consolidated
United States and Canada
$
5,509

 
$
5,142

 
$
1,038

 
$
404

 
$
(164
)
 
$
11,929

Europe
152

 
1,065

 
413

 
180

 
(15
)
 
1,795

Asia Pacific
79

 
551

 
286

 
118

 
(5
)
 
1,029

Latin America
181

 
66

 
87

 
216

 
—

 
550

Total revenues
$
5,921

 
$
6,824

 
$
1,824

 
$
918

 
$
(184
)
 
$
15,303
Contract with Customer, Asset and Liability Contract assets, accounts receivable and deferred revenues from contracts with customers are as follows:
 
December 29,
2018
 
September 30,
2018
Contract assets
$
146

 
$
89

Accounts Receivable
 
 
 
Current
9,543

 
8,553

Non-current
1,561

 
1,640

Allowance for doubtful accounts
(230
)
 
(226
)
Deferred revenues
 
 
 
Current
2,968

 
2,926

Non-current
514

 
609