International Theme Park Investments (Tables)

9 Months Ended

Jun. 30, 2012

Consolidating Balance Sheets

Impact of Consolidating Financial Statements of International Theme Parks

The following tables present summarized balance sheet information for the Company as of June 30, 2012 and October 1, 2011, reflecting the impact of consolidating the balance sheets of the International Theme Parks.

	As of June 30, 2012
	Before International Theme Parks Consolidation		International Theme Parks and Adjustments			Total
Cash and cash equivalents	$	3,842	$	532		$	4,374
Other current assets		10,136		244			10,380
Total current assets		13,978		776			14,754
Investments		3,852		(1,455	)		2,397
Fixed assets		16,620		4,324			20,944
Other assets		37,122		74			37,196
Total assets	$	71,572	$	3,719		$	75,291
Current portion of borrowings	$	2,396	$	173		$	2,569
Other current liabilities		8,065		483			8,548
Total current liabilities		10,461		656			11,117
Borrowings		10,671		1,783			12,454
Deferred income taxes and other long-term liabilities		9,497		150			9,647
Equity		40,943		1,130			42,073
Total liabilities and equity	$	71,572	$	3,719		$	75,291

	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

Consolidating Income Statements

Impact of Consolidating Financial Statements of International Theme Parks

The following table presents summarized income statement information of the Company for the nine months ended June 30, 2012, reflecting the impact of consolidating the income statements of the International Theme Parks.

	Before International Theme Parks Consolidation (1)			International Theme Parks and Adjustments			Total
Revenues	$	29,924		$	1,572		$	31,496
Cost and expenses		(23,085	)		(1,572	)		(24,657	)
Restructuring and impairment charges		(51	)		—			(51	)
Other income		184			—			184
Net interest expense		(221	)		(57	)		(278	)
Equity in the income of investees		425			27			452
Income before income taxes		7,176			(30	)		7,146
Income taxes		(2,360	)		(3	)		(2,363	)
Net income	$	4,816		$	(33	)	$	4,783

⁽¹⁾  These amounts include the International Theme Parks 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. There were $9 million in royalties and management fees recognized for the nine months ended June 30, 2012.

Cash Flow Statements

Impact of Consolidating Financial Statements of International Theme Parks

The following table presents summarized cash flow statement information of the Company for the nine months ended June 30, 2012, reflecting the impact of consolidating the cash flow statements of the International Theme Parks.

	Before International Theme Parks Consolidation			International Theme Parks  and Adjustments			Total
Cash provided by operations	$	6,168		$	263		$	6,431
Investments in parks, resorts and other property		(2,392	)		(459	)		(2,851	)
Other investing activities		(739	)		120			(619	)
Cash used by financing activities		(1,544	)		(136	)		(1,680	)
Impact of exchange rates on cash and cash equivalents		(58	)		(34	)		(92	)
Increase/(decrease) in cash and cash equivalents		1,435			(246	)		1,189
Cash and cash equivalents, beginning of period		2,407			778			3,185
Cash and cash equivalents, end of period	$	3,842		$	532		$	4,374