International Theme Park Investments (Tables)

12 Months Ended

Oct. 01, 2011

Consolidating Balance Sheets

Impact of Consolidating Financial Statements of Disneyland Paris, Hong Kong Disneyland Resort, and Shanghai Disney Resort

The following tables present summarized balance sheet information for the Company as of October 1, 2011 and October 2, 2010, reflecting the impact of consolidating the balance sheets of Disneyland Paris, Hong Kong Disneyland Resort, and Shanghai Disney Resort.


	As of October 1, 2011
	Before International Theme Parks Consolidation		International Theme Parks and Adjustments		Total
Cash and cash equivalents	$	2,407	$	778	$	3,185
Other current assets		10,323		249		10,572

Total current assets		12,730		1,027		13,757
Investments		3,791		(1,356)		2,435
Fixed assets		15,386		4,309		19,695
Other assets		36,137		100		36,237

Total assets	$	68,044	$	4,080	$	72,124


Current portion of borrowings	$	2,866	$	189	$	3,055
Other current liabilities		8,459		574		9,033

Total current liabilities		11,325		763		12,088
Borrowings		8,800		2,122		10,922
Deferred income taxes and other long-term liabilities		9,507		154		9,661
Equity		38,412		1,041		39,453

Total liabilities and equity	$	68,044	$	4,080	$	72,124


	As of October 2, 2010
	Before International Theme Parks Consolidation		International Theme Parks and Adjustments		Total
Cash and cash equivalents	$	2,065	$	657	$	2,722
Other current assets		9,264		239		9,503

Total current assets		11,329		896		12,225
Investments		3,581		(1,068)		2,513
Fixed assets		13,610		4,196		17,806
Other assets		36,564		98		36,662

Total assets	$	65,084	$	4,122	$	69,206


Current portion of borrowings	$	2,182	$	168	$	2,350
Other current liabilities		8,069		581		8,650

Total current liabilities		10,251		749		11,000
Borrowings		7,712		2,418		10,130
Deferred income taxes and other long-term liabilities		8,582		152		8,734
Equity		38,539		803		39,342

Total liabilities and equity	$	65,084	$	4,122	$	69,206

Consolidating Income Statements

Impact of Consolidating Financial Statements of Disneyland Paris, Hong Kong Disneyland Resort, and Shanghai Disney Resort

The following table presents summarized income statement information of the Company for the year ended October 1, 2011, reflecting the impact of consolidating the income statements of Disneyland Paris, Hong Kong Disneyland Resort, and Shanghai Disney Resort.


	Before International Theme Parks Consolidation ⁽¹⁾		International Theme Parks and Adjustments		Total
Revenues	$	38,672	$	2,221	$	40,893
Cost and expenses		(30,993)		(2,119)		(33,112)
Restructuring and impairment charges		(55)		—		(55)
Other income		75		—		75
Net interest expense		(246)		(97)		(343)
Equity in the income of investees		578		7		585

Income before income taxes		8,031		12		8,043
Income taxes		(2,762)		(23)		(2,785)

Net income	$	5,269	$	(11)	$	5,258

⁽¹⁾

These amounts include Disneyland Paris, Hong Kong Disneyland Resort and Shanghai Disney Resort under the equity method of accounting. As such, royalty and management fee income from these operations is included in Revenues and our share of their net income/(loss) is included in Equity in the income of investees.

Cash Flow Statements

Impact of Consolidating Financial Statements of Disneyland Paris, Hong Kong Disneyland Resort, and Shanghai Disney Resort

The following table presents summarized cash flow statement information of the Company for the year ended October 1, 2011, reflecting the impact of consolidating the cash flow statements of Disneyland Paris, Hong Kong Disneyland Resort, and Shanghai Disney Resort.


	Before International Theme Parks Consolidation		International Theme Parks and Adjustments		Total
Cash provided by operations	$	6,675	$	319	$	6,994
Investments in parks, resorts, and other property		(3,190)		(369)		(3,559)
Cash provided by other investing activities		—		273		273
Cash used in financing activities		(3,131)		(102)		(3,233)
Impact of exchange rates on cash and cash equivalents		(12)		—		(12)

Increase in cash and cash equivalents		342		121		463
Cash and cash equivalents, beginning of year		2,065		657		2,722

Cash and cash equivalents, end of year	$	2,407	$	778	$	3,185

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References

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Reference 8: http://www.xbrl.org/2003/role/presentationRef

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+ Details