%PDF-1.5 1 0 obj <> endobj 3 0 obj <> endobj 4 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 303.50 31.60 Td (1) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 499.95 740.90 Td (Exhibit 99.1) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 717.50 Td (FOR IMMEDIA) Tj ET Q q 0 0 0 rg BT 129.01 717.50 Td (TE RELEASE) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 698.10 Td (February?, 2019) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 132.32 698.10 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 189.15 669.70 Td (THE ) Tj ET Q q 0 0 0 rg BT 217.28 669.70 Td (W) Tj ET Q q 0 0 0 rg BT 227.94 669.70 Td (AL) Tj ET Q q 0 0 0 rg BT 243.51 669.70 Td (T) Tj ET Q q 0 0 0 rg BT 251.30 669.70 Td ( DISNEY) Tj ET Q q 0 0 0 rg BT 299.20 669.70 Td ( COMP) Tj ET Q q 0 0 0 rg BT 337.97 669.70 Td (ANY) Tj ET Q q 0 0 0 rg BT 363.52 669.70 Td ( REPOR) Tj ET Q q 0 0 0 rg BT 408.10 669.70 Td (TS ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 173.10 655.30 Td (FIRST) Tj ET Q q 0 0 0 rg BT 208.23 655.30 Td ( QUAR) Tj ET Q q 0 0 0 rg BT 246.14 655.30 Td (TER EARNINGS FOR FISCAL) Tj ET Q q 0 0 0 rg BT 411.83 655.30 Td ( 2019) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 625.90 Td (BURBANK, Calif. ?) Tj ET Q q 0 0 0 rg BT 177.45 625.90 Td (The ) Tj ET Q q 0 0 0 rg BT 198.89 625.90 Td (W) Tj ET Q q 0 0 0 rg BT 209.26 625.90 Td (alt Disney Company today reported quarterly earnings for its ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 504.85 625.90 Td (first) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 524.18 625.90 Td ( fiscal ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 611.50 Td (quarter ended ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 118.63 611.50 Td (December?9, 2018) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 212.93 611.50 Td (. Diluted earnings per share \(EPS\) for the quarter ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 451.52 611.50 Td (decrease) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 492.82 611.50 Td (d ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 501.82 611.50 Td (36%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 523.81 611.50 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 597.10 Td ($1.86) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 77.00 597.10 Td ( from ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 106.33 597.10 Td ($2.91) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 133.33 597.10 Td ( in the prior) Tj ET Q q 0 0 0 rg BT 189.41 597.10 Td (-year quarter) Tj ET Q q 0 0 0 rg BT 250.37 597.10 Td (. Excluding certain items af) Tj ET Q q 0 0 0 rg BT 382.44 597.10 Td (fecting comparability) Tj ET Q BT /F1 12.00 Tf ET BT /F1 7.80 Tf ET q 0 0 0 rg BT 485.40 602.54 Td (\(1\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 494.49 597.10 Td (, EPS for the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 582.70 Td (quarter ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 86.98 582.70 Td (decrease) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 128.28 582.70 Td (d ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 137.28 582.70 Td (3%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 153.27 582.70 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 168.61 582.70 Td ($1.84) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 195.61 582.70 Td ( from ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 224.93 582.70 Td ($1.89) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 251.93 582.70 Td ( in the prior) Tj ET Q q 0 0 0 rg BT 308.01 582.70 Td (-year quarter) Tj ET Q q 0 0 0 rg BT 368.97 582.70 Td (.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 555.10 Td (After a solid first quarter) Tj ET Q q 0 0 0 rg BT 196.64 555.10 Td (, with diluted EPS of $1.86, we look forward to the transformative year ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 540.70 Td (ahead, including the successful completion of our 21st Century Fox acquisition and the launch of our ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 526.30 Td (Disney+ streaming service,?said Robert ) Tj ET Q q 0 0 0 rg BT 246.72 526.30 Td (A. Iger) Tj ET Q q 0 0 0 rg BT 280.22 526.30 Td (, Chairman and Chief Executive Of) Tj ET Q q 0 0 0 rg BT 449.95 526.30 Td (ficer) Tj ET Q q 0 0 0 rg BT 471.45 526.30 Td (, ) Tj ET Q q 0 0 0 rg BT 477.23 526.30 Td (The ) Tj ET Q q 0 0 0 rg BT 498.67 526.30 Td (W) Tj ET Q q 0 0 0 rg BT 509.04 526.30 Td (alt Disney ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 511.90 Td (Company) Tj ET Q q 0 0 0 rg BT 95.88 511.90 Td (.?Building a robust direct-to-consumer business is our top priority) Tj ET Q q 0 0 0 rg BT 418.06 511.90 Td (, and we continue to invest in ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 497.50 Td (exceptional content and innovative technology to drive our success in this space.? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 471.10 Td (The following table summarizes the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 249.62 471.10 Td (first) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 268.95 471.10 Td ( quarter results for fiscal ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 389.23 471.10 Td (2019) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 413.23 471.10 Td ( and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 436.56 471.10 Td (2018) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 460.56 471.10 Td ( \(in millions, except ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 456.70 Td (per share amounts\):? Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 430.20000000000005 m 412.5 430.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 430.20000000000005 m 419.5 430.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 430.20000000000005 m 487.5 430.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 403.20000000000005 m 412.5 403.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 403.20000000000005 m 487.5 403.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 403.20000000000005 m 560.5 403.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 403.20000000000005 m 412.5 403.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 403.20000000000005 m 487.5 403.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 403.20000000000005 m 560.5 403.20000000000005 l s BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 435.33 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 380.30 435.33 Td (Quarter Ended) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 408.33 Td (? Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 347.15 419.12 Td (December 29,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 367.00 408.12 Td (2018) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 422.15 419.12 Td (December 30,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 442.00 408.12 Td (2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 509.15 408.12 Td (Change) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 389.88 Td (Revenues) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 347.00 389.88 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 369.00 389.88 Td (15,303) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 422.00 389.88 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 444.00 389.88 Td (15,351) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 519.00 389.88 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 535.00 389.88 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 368.88 Td (Segment operating income ) Tj ET Q BT /F1 12.00 Tf ET BT /F1 7.80 Tf ET q 0 0 0 rg BT 184.63 374.32 Td (\(1\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 347.00 368.88 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 375.00 368.88 Td (3,655) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 422.00 368.88 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 450.00 368.88 Td (3,986) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 521.00 368.88 Td (\(8) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 531.00 368.88 Td (\) %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 347.88 Td (Net income ) Tj ET Q BT /F1 12.00 Tf ET BT /F1 7.80 Tf ET q 0 0 0 rg BT 111.65 353.32 Td (\(2\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 347.00 347.88 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 375.00 347.88 Td (2,788) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 422.00 347.88 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 450.00 347.88 Td (4,423) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 515.00 347.88 Td (\(37) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 531.00 347.88 Td (\) %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 326.88 Td (Diluted EPS ) Tj ET Q BT /F1 12.00 Tf ET BT /F1 7.80 Tf ET q 0 0 0 rg BT 115.67 332.32 Td (\(2\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 347.00 326.88 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 381.00 326.88 Td (1.86) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 422.00 326.88 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 456.00 326.88 Td (2.91) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 515.00 326.88 Td (\(36) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 531.00 326.88 Td (\) %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 305.88 Td (EPS excluding certain items af) Tj ET Q q 0 0 0 rg BT 200.74 305.88 Td (fecting comparability ) Tj ET Q BT /F1 12.00 Tf ET BT /F1 7.80 Tf ET q 0 0 0 rg BT 306.71 311.32 Td (\(1\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 347.00 305.88 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 381.00 305.88 Td (1.84) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 422.00 305.88 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 456.00 305.88 Td (1.89) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 521.00 305.88 Td (\(3) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 531.00 305.88 Td (\) %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 284.88 Td (Cash provided by operations) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 347.00 284.88 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 375.00 284.88 Td (2,099) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 422.00 284.88 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 450.00 284.88 Td (2,237) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 521.00 284.88 Td (\(6) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 531.00 284.88 Td (\) %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 263.88 Td (Free cash flow ) Tj ET Q BT /F1 12.00 Tf ET BT /F1 7.80 Tf ET q 0 0 0 rg BT 126.64 269.32 Td (\(1\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 347.00 263.88 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 384.00 263.88 Td (904) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 422.00 263.88 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 450.00 263.88 Td (1,256) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 515.00 263.88 Td (\(28) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 531.00 263.88 Td (\) %) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 243.23 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 238.70 Td (EPS excluding certain items af) Tj ET Q q 0 0 0 rg BT 191.12 238.70 Td (fecting comparability) Tj ET Q q 0 0 0 rg BT 276.27 238.70 Td (, segment operating income and free cash flow are non-GAAP) Tj ET Q q 0 0 0 rg BT 525.26 238.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 226.70 Td (financial measures. See the discussion on pages 7 through 9. ) Tj ET Q q 0 0 0 rg BT 312.21 226.70 Td (The most significant item af) Tj ET Q q 0 0 0 rg BT 424.78 226.70 Td (fecting comparability was a net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 214.70 Td (benefit from new U.S. federal income tax legislation \(T) Tj ET Q q 0 0 0 rg BT 289.45 214.70 Td (ax ) Tj ET Q q 0 0 0 rg BT 300.84 214.70 Td (Act\) that was recorded in the prior) Tj ET Q q 0 0 0 rg BT 438.36 214.70 Td (-year quarter) Tj ET Q q 0 0 0 rg BT 489.16 214.70 Td (. See page 5 for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 202.70 Td (further discussion.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 189.23 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 184.70 Td (Reflects amounts attributable to shareholders of ) Tj ET Q q 0 0 0 rg BT 261.65 184.70 Td (The ) Tj ET Q q 0 0 0 rg BT 279.52 184.70 Td (W) Tj ET Q q 0 0 0 rg BT 288.16 184.70 Td (alt Disney Company) Tj ET Q q 0 0 0 rg BT 369.72 184.70 Td (, i.e. after deduction of noncontrolling interests.) Tj ET Q endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (2) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 740.90 Td (SEGMENT) Tj ET Q q 0 0 0 rg BT 109.79 740.90 Td ( RESUL) Tj ET Q q 0 0 0 rg BT 151.71 740.90 Td (TS) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 721.50 Td (The following table summarizes the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 249.62 721.50 Td (first) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 268.95 721.50 Td ( quarter segment operating results for fiscal ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 480.54 721.50 Td (2019) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 504.54 721.50 Td ( and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 527.87 721.50 Td (2018) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 551.87 721.50 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 707.10 Td (\(in millions\):) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 680.6 m 410.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 680.6 m 418.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 680.6 m 486.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 653.6 m 410.5 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 653.6 m 486.5 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 653.6 m 562.5 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 552.6 m 410.5 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 552.6 m 486.5 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 552.6 m 410.5 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 536.6 m 410.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 534.6 m 410.5 534.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 552.6 m 486.5 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 536.6 m 486.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 534.6 m 486.5 534.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 434.6 m 410.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 434.6 m 486.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 434.6 m 410.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 418.6 m 410.5 418.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 416.6 m 410.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 434.6 m 486.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 418.6 m 486.5 418.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 416.6 m 486.5 416.6 l s BT /F1 12.00 Tf ET q 0 0 0 rg BT 77.00 685.73 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 378.80 685.73 Td (Quarter Ended) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 345.15 669.52 Td (December 29,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 365.00 658.52 Td (2018) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 421.15 669.52 Td (December 30,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 441.00 658.52 Td (2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 511.15 658.52 Td (Change) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 642.73 Td (Revenues:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 625.73 Td (Media Networks) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 345.00 625.73 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 373.00 625.73 Td (5,921) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 421.00 625.73 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 449.00 625.73 Td (5,555) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 527.00 625.73 Td (7) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 537.00 625.73 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 608.73 Td (Parks, Experiences & Consumer Products) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 373.00 608.73 Td (6,824) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 449.00 608.73 Td (6,527) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 527.00 608.73 Td (5) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 537.00 608.73 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 591.73 Td (Studio Entertainment) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 373.00 591.73 Td (1,824) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 449.00 591.73 Td (2,509) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 517.00 591.73 Td (\(27) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 533.00 591.73 Td (\) %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 574.73 Td (Direct-to-Consumer & International) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 382.00 574.73 Td (918) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 458.00 574.73 Td (931) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 523.00 574.73 Td (\(1) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 533.00 574.73 Td (\) %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 557.73 Td (Eliminations) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 378.00 557.73 Td (\(184) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 400.00 557.73 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 454.00 557.73 Td (\(171) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 476.00 557.73 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 523.00 557.73 Td (\(8) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 533.00 557.73 Td (\) %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 345.00 540.73 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 367.00 540.73 Td (15,303) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 421.00 540.73 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 443.00 540.73 Td (15,351) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 521.00 540.73 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 537.00 540.73 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 524.73 Td (Segment operating income/\(loss\):) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 507.73 Td (Media Networks) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 345.00 507.73 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 373.00 507.73 Td (1,330) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 421.00 507.73 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 449.00 507.73 Td (1,243) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 527.00 507.73 Td (7) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 537.00 507.73 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 490.73 Td (Parks, Experiences & Consumer Products) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 373.00 490.73 Td (2,152) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 449.00 490.73 Td (1,954) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 521.00 490.73 Td (10) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 537.00 490.73 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 473.73 Td (Studio Entertainment) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 382.00 473.73 Td (309) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 458.00 473.73 Td (825) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 517.00 473.73 Td (\(63) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 533.00 473.73 Td (\) %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 456.73 Td (Direct-to-Consumer & International) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 378.00 456.73 Td (\(136) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 400.00 456.73 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 460.00 456.73 Td (\(42) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 476.00 456.73 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 504.20 456.73 Td (>\(100) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 533.00 456.73 Td (\) %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 439.73 Td (Eliminations) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 388.00 439.73 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 470.00 439.73 Td (6) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 531.65 439.73 Td (nm) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 345.00 422.73 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 373.00 422.73 Td (3,655) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 421.00 422.73 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 449.00 422.73 Td (3,986) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 523.00 422.73 Td (\(8) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 533.00 422.73 Td (\) %) Tj ET Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 50 381.4220703125 m 134.984375 381.4220703125 l s q 0 0 0 rg BT 50.00 383.30 Td (Media Networks) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 362.90 Td (Media Networks revenues for the quarter ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 273.09 362.90 Td (increased) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 318.39 362.90 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 321.39 362.90 Td (7%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 337.39 362.90 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 352.72 362.90 Td ($5.9 billion) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 408.06 362.90 Td ( and segment operating income ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 348.50 Td (increased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 98.30 348.50 Td (7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.30 348.50 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 127.08 348.50 Td ($1.3 billion) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 182.42 348.50 Td (.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 328.10 Td (The following table provides further detail of the Media Networks results \(in millions\):) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 302.6 m 410.5 302.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 302.6 m 418.5 302.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 302.6 m 486.5 302.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 302.6 m 410.5 302.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 275.6 m 410.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 302.6 m 418.5 302.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 275.6 m 418.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 302.6 m 486.5 302.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 275.6 m 486.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 275.6 m 562.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 227.60000000000002 m 410.5 227.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 227.60000000000002 m 486.5 227.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 212.60000000000002 m 410.5 212.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 210.60000000000002 m 410.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 212.60000000000002 m 486.5 212.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 210.60000000000002 m 486.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 147.60000000000002 m 410.5 147.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 147.60000000000002 m 486.5 147.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 147.60000000000002 m 410.5 147.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 132.60000000000002 m 410.5 132.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 130.60000000000002 m 410.5 130.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 132.60000000000002 m 486.5 132.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 130.60000000000002 m 486.5 130.60000000000002 l s BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 306.78 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 378.80 306.78 Td (Quarter Ended) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 280.73 Td (? Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 345.15 291.52 Td (December 29,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 365.00 280.52 Td (2018) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 421.15 291.52 Td (December 30,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 441.00 280.52 Td (2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 511.15 280.52 Td (Change) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 53.00 264.77 Td (Supplemental r) Tj ET Q q 0 0 0 rg BT 125.54 264.77 Td (evenue detail:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 248.78 Td (Cable Networks) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 345.00 248.73 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 373.00 248.73 Td (3,986) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 421.00 248.73 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 449.00 248.73 Td (3,833) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 527.00 248.73 Td (4) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 537.00 248.73 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 232.78 Td (Broadcasting) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 373.00 232.73 Td (1,935) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 449.00 232.73 Td (1,722) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 521.00 232.73 Td (12) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 537.00 232.73 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 345.00 216.73 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 373.00 216.73 Td (5,921) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 421.00 216.73 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 449.00 216.73 Td (5,555) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 527.00 216.73 Td (7) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 537.00 216.73 Td ( %) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 53.00 200.77 Td (Supplemental operating income detail:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 184.78 Td (Cable Networks) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 345.00 184.73 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 382.00 184.73 Td (743) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 421.00 184.73 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 458.00 184.73 Td (793) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 523.00 184.73 Td (\(6) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 533.00 184.73 Td (\) %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 168.78 Td (Broadcasting) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 382.00 168.73 Td (408) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 458.00 168.73 Td (291) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 521.00 168.73 Td (40) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 537.00 168.73 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 152.78 Td (Equity in the income of investees) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 382.00 152.73 Td (179) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 458.00 152.73 Td (159) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 521.00 152.73 Td (13) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 537.00 152.73 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 345.00 136.73 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 373.00 136.73 Td (1,330) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 421.00 136.73 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 449.00 136.73 Td (1,243) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 527.00 136.73 Td (7) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 537.00 136.73 Td ( %) Tj ET Q BT /F1 10.00 Tf ET BT /F3 12.00 Tf ET q 0 0 0 rg BT 50.00 111.70 Td (Cable Networks) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 94.30 Td (Cable Networks revenues for the quarter ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 270.42 94.30 Td (increased) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 315.73 94.30 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 318.73 94.30 Td (4%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 334.72 94.30 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 350.06 94.30 Td ($4.0 billion) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 405.39 94.30 Td ( and operating income ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 79.90 Td (decreased) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 97.30 79.90 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 100.30 79.90 Td (6%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 116.29 79.90 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 131.63 79.90 Td ($743 million) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 193.30 79.90 Td (. Lower operating income was due to a decrease at ESPN and Freeform, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 65.50 Td (partially of) Tj ET Q q 0 0 0 rg BT 102.76 65.50 Td (fset by an increase at the Disney Channels.) Tj ET Q endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (3) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 740.70 Td (The decrease at ESPN was due to higher programming costs, partially of) Tj ET Q q 0 0 0 rg BT 421.52 740.70 Td (fset by af) Tj ET Q q 0 0 0 rg BT 465.95 740.70 Td (filiate revenue ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 726.30 Td (growth and an increase in advertising revenue. ) Tj ET Q q 0 0 0 rg BT 276.37 726.30 Td (The increase in programming costs was due to contractual ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 711.90 Td (rate increases for key sports programming and a shift in the mix of College Football Playof) Tj ET Q q 0 0 0 rg BT 487.35 711.90 Td (f \(CFP\) games. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 697.50 Td (T) Tj ET Q q 0 0 0 rg BT 56.49 697.50 Td (wo semi-final games and one host?game were aired in the current quarter) Tj ET Q q 0 0 0 rg BT 416.53 697.50 Td (, whereas three host games ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 683.10 Td (aired in the prior) Tj ET Q q 0 0 0 rg BT 130.06 683.10 Td (-year quarter) Tj ET Q q 0 0 0 rg BT 191.02 683.10 Td (. Semi-final games generally have a higher cost than host games. ) Tj ET Q q 0 0 0 rg BT 504.60 683.10 Td (Af) Tj ET Q q 0 0 0 rg BT 517.04 683.10 Td (filiate ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 668.70 Td (revenue growth reflected contractual rate increases, partially of) Tj ET Q q 0 0 0 rg BT 352.96 668.70 Td (fset by a decline in subscribers. Higher ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 654.30 Td (advertising revenue was due to an increase in rates and impressions. ) Tj ET Q q 0 0 0 rg BT 379.68 654.30 Td (The increase in impressions was due ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 639.90 Td (to higher units delivered, partially of) Tj ET Q q 0 0 0 rg BT 225.73 639.90 Td (fset by lower average viewership. ) Tj ET Q q 0 0 0 rg BT 389.67 639.90 Td (Advertising revenue benefited from ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 625.50 Td (the shift in mix of CFP) Tj ET Q q 0 0 0 rg BT 159.90 625.50 Td ( games.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 605.10 Td (Lower operating income at Freeform was due to decreases in advertising revenue and program sales, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 590.70 Td (partially of) Tj ET Q q 0 0 0 rg BT 102.76 590.70 Td (fset by lower programming costs. ) Tj ET Q q 0 0 0 rg BT 266.52 590.70 Td (The decrease in advertising revenue was due to lower ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 576.30 Td (average viewership, partially of) Tj ET Q q 0 0 0 rg BT 201.72 576.30 Td (fset by higher rates.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 555.90 Td (Growth at the Disney Channels was due to higher income from program sales and an increase in ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 541.50 Td (af) Tj ET Q q 0 0 0 rg BT 59.11 541.50 Td (filiate revenue. ) Tj ET Q q 0 0 0 rg BT 133.40 541.50 Td (Af) Tj ET Q q 0 0 0 rg BT 145.85 541.50 Td (filiate revenue growth was due to contractual rate increases, partially of) Tj ET Q q 0 0 0 rg BT 489.15 541.50 Td (fset by a ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 527.10 Td (decline in subscribers. Program sales included a benefit from the adoption of a new revenue accounting ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 512.70 Td (standard \(ASC 606\) \(see page 4\). ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 50.00 492.30 Td (Br) Tj ET Q q 0 0 0 rg BT 61.55 492.30 Td (oadcasting) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 474.90 Td (Broadcasting revenues for the quarter ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 256.09 474.90 Td (increased) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 301.40 474.90 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 304.40 474.90 Td (12%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 326.39 474.90 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 341.73 474.90 Td ($1.9 billion) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 397.06 474.90 Td ( and operating income increased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 460.50 Td (40%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 460.50 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.50 460.50 Td (to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.83 460.50 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 86.33 460.50 Td ($408 million) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 148.00 460.50 Td (. ) Tj ET Q q 0 0 0 rg BT 153.78 460.50 Td (The increase in operating income was due to af) Tj ET Q q 0 0 0 rg BT 380.14 460.50 Td (filiate revenue growth, increased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 446.10 Td (advertising revenue and higher program sales, partially of) Tj ET Q q 0 0 0 rg BT 327.02 446.10 Td (fset by higher programming costs. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 428.70 Td (Growth in af) Tj ET Q q 0 0 0 rg BT 133.60 428.70 Td (filiate revenue was due to contractual rate increases and an impact from the adoption of ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 414.30 Td (ASC 606 \(see page 4\). ) Tj ET Q q 0 0 0 rg BT 161.09 414.30 Td (The increase in advertising revenue was due to higher network rates and an ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 399.90 Td (increase in political advertising at the owned television stations, partially of) Tj ET Q q 0 0 0 rg BT 412.68 399.90 Td (fset by lower network average ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 385.50 Td (viewership. ) Tj ET Q q 0 0 0 rg BT 108.44 385.50 Td (The increase in program sales was due to higher revenues from programs licensed to Hulu and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 371.10 Td (the sale of ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 102.31 371.10 Td (The Punisher ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 169.64 371.10 Td (in the current quarter) Tj ET Q q 0 0 0 rg BT 269.93 371.10 Td (. ) Tj ET Q q 0 0 0 rg BT 275.71 371.10 Td (The programming cost increase was driven by higher ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 356.70 Td (primetime costs, including the impact of ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 246.96 356.70 Td (The Conners ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 311.63 356.70 Td (and) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 328.95 356.70 Td ( Dancing with the Stars ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 445.29 356.70 Td (in the current quarter) Tj ET Q q 0 0 0 rg BT 545.57 356.70 Td (. ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 50.00 336.30 Td (Equity in the Income of Investees) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 318.90 Td (Equity in the income of investees ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 235.79 318.90 Td (increased) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 281.10 318.90 Td ( from ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 310.43 318.90 Td ($159 million) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 372.10 318.90 Td ( in the prior) Tj ET Q q 0 0 0 rg BT 428.18 318.90 Td (-year quarter to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 505.13 318.90 Td ($179 ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 304.50 Td (million) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 84.67 304.50 Td ( in the current quarter due to higher income from ) Tj ET Q q 0 0 0 rg BT 321.92 304.50 Td (A+E ) Tj ET Q q 0 0 0 rg BT 347.47 304.50 Td (T) Tj ET Q q 0 0 0 rg BT 353.96 304.50 Td (elevision Networks driven by lower ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 290.10 Td (marketing and programming costs.) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 50 253.42207031249995 m 265.876953125 253.42207031249995 l s q 0 0 0 rg BT 50.00 255.30 Td (Parks, Experiences & Consumer) Tj ET Q q 0 0 0 rg BT 217.10 255.30 Td ( Pr) Tj ET Q q 0 0 0 rg BT 232.54 255.30 Td (oducts) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 234.90 Td (Parks, Experiences, & Consumer Products revenues for the quarter ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 396.74 234.90 Td (increased) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 442.04 234.90 Td ( 5% to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 476.38 234.90 Td ($6.8 billion) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 531.71 234.90 Td ( and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 220.50 Td (segment operating income ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 179.63 220.50 Td (increased) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 224.93 220.50 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 227.93 220.50 Td (10%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 249.93 220.50 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 265.26 220.50 Td ($2.2 billion) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 320.60 220.50 Td (. Operating income growth for the quarter was ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 206.10 Td (due to an increase at our domestic theme parks and resorts, partially of) Tj ET Q q 0 0 0 rg BT 388.67 206.10 Td (fset by a decrease from licensing ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 191.70 Td (activities.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 171.30 Td (Operating income growth at our domestic theme parks and resorts was due to increased guest ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 156.90 Td (spending and higher occupied room nights. Guest spending growth was due to higher average ticket ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 142.50 Td (prices, an increase in food, beverage and merchandise spending and higher average hotel room rates. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 122.10 Td (Operating income at our international parks and resorts was down modestly compared to the prior) Tj ET Q q 0 0 0 rg BT 542.13 122.10 Td (-) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 107.70 Td (year quarter as lower results at Shanghai Disney Resort and Disneyland Paris were lar) Tj ET Q q 0 0 0 rg BT 462.66 107.70 Td (gely of) Tj ET Q q 0 0 0 rg BT 496.10 107.70 Td (fset by an ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 93.30 Td (increase at Hong Kong Disneyland Resort. Lower operating income at Shanghai Disney Resort was ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 78.90 Td (primarily due to lower attendance and higher costs, partially of) Tj ET Q q 0 0 0 rg BT 351.68 78.90 Td (fset by increased guest spending. Lower ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 64.50 Td (operating income at Disneyland Paris was due to increased costs, partially of) Tj ET Q q 0 0 0 rg BT 418.34 64.50 Td (fset by higher average ticket ) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (4) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 740.70 Td (prices. ) Tj ET Q q 0 0 0 rg BT 83.99 740.70 Td (At Hong Kong Disneyland Resort, the increase in operating income was driven by increased guest ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 726.30 Td (spending and higher occupied room nights.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 705.90 Td (Lower income from licensing activities was driven by a decrease in revenue from products based on ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 691.50 Td (Star ) Tj ET Q q 0 0 0 rg BT 72.11 691.50 Td (W) Tj ET Q q 0 0 0 rg BT 82.48 691.50 Td (ars and Cars and higher third-party royalty expense, partially of) Tj ET Q q 0 0 0 rg BT 387.49 691.50 Td (fset by an increase from minimum ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 677.10 Td (guarantee shortfall recognition, higher revenues from products based on Spider) Tj ET Q q 0 0 0 rg BT 429.64 677.10 Td (-Man and an increase in ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 662.70 Td (licensee settlements. Higher minimum guarantee shortfall recognition was due to an impact from the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 648.30 Td (adoption of ) Tj ET Q q 0 0 0 rg BT 107.33 648.30 Td (ASC 606 \(see below\).) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 50 611.6220703125 m 161.673828125 611.6220703125 l s q 0 0 0 rg BT 50.00 613.50 Td (Studio Entertainment) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 593.10 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 593.10 Td (Studio Entertainment revenues for the quarter ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 295.09 593.10 Td (decreased) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 342.39 593.10 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 345.39 593.10 Td (27%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 367.38 593.10 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 382.72 593.10 Td ($1.8 billion) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 438.05 593.10 Td ( and segment operating ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 578.70 Td (income ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 88.32 578.70 Td (decreased) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 135.62 578.70 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 138.62 578.70 Td (63%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 160.61 578.70 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 175.95 578.70 Td ($309 million) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 237.62 578.70 Td (. Lower operating income was due to a decrease in theatrical ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 564.30 Td (distribution results, partially of) Tj ET Q q 0 0 0 rg BT 198.43 564.30 Td (fset by growth in ) Tj ET Q q 0 0 0 rg BT 282.87 564.30 Td (TV/SVOD distribution.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 543.90 Td ( ) Tj ET Q q 0 0 0 rg BT 72.50 543.90 Td (The decrease in theatrical distribution results was due to the strong performance of ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 472.70 543.90 Td (Star W) Tj ET Q q 0 0 0 rg BT 504.59 543.90 Td (ars: The ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 50.00 529.50 Td (Last Jedi) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 93.66 529.50 Td ( and ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 116.99 529.50 Td (Thor: Ragnar) Tj ET Q q 0 0 0 rg BT 182.88 529.50 Td (ok) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 194.21 529.50 Td ( in the prior) Tj ET Q q 0 0 0 rg BT 250.29 529.50 Td (-year quarter compared to ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 377.56 529.50 Td (Mary Poppins Returns) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 486.21 529.50 Td ( and ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 509.54 529.50 Td (The ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 50.00 515.10 Td (Nutcracker and the Four Realms) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 207.97 515.10 Td ( in the current year) Tj ET Q q 0 0 0 rg BT 297.93 515.10 Td (. Other significant releases included ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 473.20 515.10 Td (Ralph Br) Tj ET Q q 0 0 0 rg BT 516.42 515.10 Td (eaks the ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 50.00 500.70 Td (Internet) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 87.99 500.70 Td ( in the current quarter) Tj ET Q q 0 0 0 rg BT 191.46 500.70 Td (, while the prior) Tj ET Q q 0 0 0 rg BT 267.86 500.70 Td (-year quarter included ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 376.81 500.70 Td (Coco) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 402.14 500.70 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 480.30 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 480.30 Td (Growth in ) Tj ET Q q 0 0 0 rg BT 124.28 480.30 Td (TV/SVOD distribution results was due to the performance of ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 420.55 480.30 Td (Incr) Tj ET Q q 0 0 0 rg BT 440.10 480.30 Td (edibles 2) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 483.09 480.30 Td ( and ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 506.42 480.30 Td (A) Tj ET Q q 0 0 0 rg BT 513.08 480.30 Td (vengers: ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 50.00 465.90 Td (Infinity W) Tj ET Q q 0 0 0 rg BT 96.55 465.90 Td (ar) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 107.22 465.90 Td ( in the current quarter compared to ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 276.82 465.90 Td (Cars 3) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 309.16 465.90 Td ( and ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 332.49 465.90 Td (Guar) Tj ET Q q 0 0 0 rg BT 357.38 465.90 Td (dians of the Galaxy V) Tj ET Q q 0 0 0 rg BT 460.03 465.90 Td (ol. 2) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 481.36 465.90 Td ( in the prior) Tj ET Q q 0 0 0 rg BT 537.44 465.90 Td (-) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 451.50 Td (year quarter) Tj ET Q q 0 0 0 rg BT 107.15 451.50 Td (, more title availabilities, and to a lesser extent, an impact from the adoption of ) Tj ET Q q 0 0 0 rg BT 487.70 451.50 Td (ASC 606 \(see ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 437.10 Td (below\).) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 50 400.4220703125 m 236.861328125 400.4220703125 l s q 0 0 0 rg BT 50.00 402.30 Td (Dir) Tj ET Q q 0 0 0 rg BT 67.11 402.30 Td (ect-to-Consumer) Tj ET Q q 0 0 0 rg BT 152.86 402.30 Td ( & International) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 381.90 Td (Direct-to-Consumer & International revenues for the quarter decreased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 416.35 381.90 Td (1%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 432.35 381.90 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 447.68 381.90 Td ($918 million) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 509.35 381.90 Td ( and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 367.50 Td (segment operating loss increased from ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 237.61 367.50 Td ($42 million) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 293.28 367.50 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 308.62 367.50 Td ($136 million) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 370.29 367.50 Td (. Revenues reflected a 4% decrease ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 353.10 Td (from an unfavorable foreign currency impact. ) Tj ET Q q 0 0 0 rg BT 272.02 353.10 Td (The increase in operating loss was due to the investment ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 338.70 Td (ramp-up in ESPN+, which was launched in ) Tj ET Q q 0 0 0 rg BT 260.07 338.70 Td (April 2018, a loss from streaming technology services and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 324.30 Td (costs associated with the upcoming launch of Disney+, partially of) Tj ET Q q 0 0 0 rg BT 369.81 324.30 Td (fset by an increase at our International ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 309.90 Td (Channels and a lower equity loss from our investment in Hulu. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 289.50 Td (The increase at our International Channels was due to lower costs, af) Tj ET Q q 0 0 0 rg BT 402.83 289.50 Td (filiate revenue growth and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 275.10 Td (higher program sales \(all on a constant currency basis\), partially of) Tj ET Q q 0 0 0 rg BT 370.67 275.10 Td (fset by an unfavorable foreign currency ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 260.70 Td (impact.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 240.30 Td (Hulu results reflected increases in subscription and advertising revenue, partially of) Tj ET Q q 0 0 0 rg BT 473.15 240.30 Td (fset by higher ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 225.90 Td (programming costs. ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 185.10 Td (ADOPTION OF) Tj ET Q q 0 0 0 rg BT 133.89 185.10 Td ( NEW) Tj ET Q q 0 0 0 rg BT 165.34 185.10 Td ( REVENUE RECOGNITION ) Tj ET Q q 0 0 0 rg BT 320.37 185.10 Td (ACCOUNTING ST) Tj ET Q q 0 0 0 rg BT 420.49 185.10 Td (ANDARD) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 164.70 Td (At the beginning of fiscal 2019, the Company adopted new a revenue recognition accounting ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 150.30 Td (standard \(ASC 606\). Results for fiscal 2019 are presented under ) Tj ET Q q 0 0 0 rg BT 359.59 150.30 Td (ASC 606, while prior period amounts ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 135.90 Td (continue to be reported in accordance with our historic accounting.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 115.50 Td (The current quarter includes a $1) Tj ET Q q 0 0 0 rg BT 232.48 115.50 Td (15 million favorable impact on segment operating income from the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 101.10 Td (ASC 606 adoption. ) Tj ET Q q 0 0 0 rg BT 145.12 101.10 Td (The most significant benefits were $56 million at Media Networks and $34 million at ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 86.70 Td (Parks, Experiences & Consumer Products, both of which reflected a change in the timing of revenue ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 72.30 Td (recognition on contracts with minimum guarantees.) Tj ET Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (5) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 740.90 Td (OTHER FINANCIAL) Tj ET Q q 0 0 0 rg BT 163.68 740.90 Td ( INFORMA) Tj ET Q q 0 0 0 rg BT 224.45 740.90 Td (TION) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 50 715.6220703125 m 279.79296875 715.6220703125 l s q 0 0 0 rg BT 50.00 717.50 Td (Corporate and Unallocated Shar) Tj ET Q q 0 0 0 rg BT 217.45 717.50 Td (ed Expenses) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 694.10 Td (Corporate and unallocated shared expenses ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 284.25 694.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.56 694.10 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 332.06 694.10 Td ($1) Tj ET Q q 0 0 0 rg BT 343.61 694.10 Td (1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.28 694.10 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 389.78 694.10 Td (to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 402.12 694.10 Td ($161 million) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 463.79 694.10 Td ( in the current ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 679.70 Td (quarter primarily due to costs incurred in connection with the ) Tj ET Q q 0 0 0 rg BT 347.03 679.70 Td (T) Tj ET Q q 0 0 0 rg BT 353.52 679.70 Td (wenty-First Century Fox \(21CF\) ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 665.30 Td (acquisition, partially of) Tj ET Q q 0 0 0 rg BT 161.42 665.30 Td (fset by lower compensation costs.) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 50 637.0220703125 m 154.759765625 637.0220703125 l s q 0 0 0 rg BT 50.00 638.90 Td (Inter) Tj ET Q q 0 0 0 rg BT 75.78 638.90 Td (est expense, net) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 154.76 638.90 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 618.50 Td (Interest expense, net) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 172.29 618.50 Td ( was as follows \(in millions\):) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 594 m 402.5 594 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 594 m 412.5 594 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 594 m 482.5 594 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 567 m 402.5 567 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 567 m 482.5 567 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 567 m 402.5 567 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 567 m 482.5 567 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 567 m 562.5 567 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 535 m 402.5 535 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 520 m 402.5 520 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 518 m 402.5 518 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 535 m 482.5 535 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 520 m 482.5 520 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 518 m 482.5 518 l s BT /F1 12.00 Tf ET q 0 0 0 rg BT 371.80 597.18 Td (Quarter Ended) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 336.15 582.92 Td (December 29,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 356.00 571.92 Td (2018) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 416.15 582.92 Td (December 30,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 436.00 571.92 Td (2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 510.15 571.92 Td (Change) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 556.13 Td (Interest expense) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 335.00 556.13 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 370.00 556.13 Td (\(163) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 392.00 556.13 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 556.13 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 450.00 556.13 Td (\(146) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 472.00 556.13 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 517.00 556.13 Td (\(12) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 533.00 556.13 Td (\) %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 540.13 Td (Interest income, investment income and other) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 374.00 540.13 Td (100) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 460.00 540.13 Td (17) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 509.20 540.13 Td (>100 %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 524.13 Td (Interest expense, net) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 335.00 524.13 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 376.00 524.13 Td (\(63) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 392.00 524.13 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 524.13 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 450.00 524.13 Td (\(129) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 472.00 524.13 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 521.00 524.13 Td (51) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 537.00 524.13 Td ( %) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 499.10 Td (The ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 95.66 499.10 Td (increase) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 134.96 499.10 Td ( in interest expense was due to financing costs related to the 21CF acquisition and higher ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 484.70 Td (average interest rates, partially of) Tj ET Q q 0 0 0 rg BT 210.04 484.70 Td (fset by lower average debt balances and higher capitalized interest.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 464.30 Td (The increase in interest income, investment income and other was due to unrealized investment gains ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 449.90 Td (in the current quarter and the inclusion of a $25 million benefit related to pension and postretirement plan ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 435.50 Td (costs, other than service cost. ) Tj ET Q q 0 0 0 rg BT 193.41 435.50 Td (The Company adopted a new accounting standard in fiscal 2019 and now ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (presents the elements of pension and postretirement plan costs other than service cost in Interest expense, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 406.70 Td (net.?) Tj ET Q q 0 0 0 rg BT 75.32 406.70 Td (A) Tj ET Q q 0 0 0 rg BT 83.33 406.70 Td ( net benefit of $7 million in the prior) Tj ET Q q 0 0 0 rg BT 259.05 406.70 Td (-year quarter was reported in Costs and expenses.?) Tj ET Q q 0 0 0 rg BT 510.41 406.70 Td (The ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 392.30 Td (benefit in the current quarter was due to the expected return on plan assets, partially of) Tj ET Q q 0 0 0 rg BT 464.96 392.30 Td (fset by interest ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 377.90 Td (expense on plan liabilities and amortization of prior net actuarial losses. ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 50 349.6220703125 m 119.673828125 349.6220703125 l s q 0 0 0 rg BT 50.00 351.50 Td (Income ) Tj ET Q q 0 0 0 rg BT 90.78 351.50 Td (T) Tj ET Q q 0 0 0 rg BT 97.68 351.50 Td (axes) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 331.10 Td (The ef) Tj ET Q q 0 0 0 rg BT 104.76 331.10 Td (fective income tax rate was as follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 305.6 m 402.5 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 305.6 m 412.5 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 305.6 m 482.5 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 305.6 m 402.5 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 278.6 m 402.5 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 305.6 m 412.5 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 305.6 m 482.5 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 278.6 m 482.5 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 278.6 m 540.5 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 540.5 278.6 m 562.5 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 278.6 m 402.5 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 278.6 m 482.5 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 278.6 m 540.5 278.6 l s BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 309.78 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 371.80 309.78 Td (QuarterEnded) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 283.73 Td (? Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 336.15 294.52 Td (December 29,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 356.00 283.52 Td (2018) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 416.15 294.52 Td (December 30,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 436.00 283.52 Td (2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 510.15 283.52 Td (Change) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 267.78 Td (Ef) Tj ET Q q 0 0 0 rg BT 64.11 267.78 Td (fective income tax rate) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 365.00 267.78 Td (18.8) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 386.00 267.78 Td (%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 437.00 267.78 Td (\(19.4) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 462.00 267.78 Td (\)%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 511.00 267.78 Td (\(38.2) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 536.00 267.78 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 543.00 267.78 Td (ppt) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 244.70 Td (The increase in the ef) Tj ET Q q 0 0 0 rg BT 177.06 244.70 Td (fective income tax rate for the quarter reflected a $1.6 billion net benefit related ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 230.30 Td (to the ) Tj ET Q q 0 0 0 rg BT 79.78 230.30 Td (T) Tj ET Q q 0 0 0 rg BT 86.27 230.30 Td (ax ) Tj ET Q q 0 0 0 rg BT 99.93 230.30 Td (Act that was recognized in the prior) Tj ET Q q 0 0 0 rg BT 271.63 230.30 Td (-year quarter) Tj ET Q q 0 0 0 rg BT 332.59 230.30 Td (. ) Tj ET Q q 0 0 0 rg BT 338.38 230.30 Td (This net benefit drove a 41.6 percentage point ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 215.90 Td (reduction in the prior) Tj ET Q q 0 0 0 rg BT 151.40 215.90 Td (-year ef) Tj ET Q q 0 0 0 rg BT 188.15 215.90 Td (fective tax rate. ) Tj ET Q q 0 0 0 rg BT 265.21 215.90 Td (The $1.6 billion reflected a $1.9 billion benefit due to the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 201.50 Td (remeasurement of our net federal deferred tax liability to new statutory rates \(Deferred Remeasurement\), ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 187.10 Td (partially of) Tj ET Q q 0 0 0 rg BT 102.76 187.10 Td (fset by a one-time tax of $0.3 billion on certain accumulated foreign earnings \(Deemed ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 172.70 Td (Repatriation ) Tj ET Q q 0 0 0 rg BT 112.10 172.70 Td (T) Tj ET Q q 0 0 0 rg BT 118.59 172.70 Td (ax\). ) Tj ET Q q 0 0 0 rg BT 139.70 172.70 Td (The current quarter benefited from a reduction in the Company? Tj ET Q q 0 0 0 rg BT 445.91 172.70 Td (s U.S. statutory federal ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 158.30 Td (income tax rate to 21.0% in fiscal 2019 from 24.5% in fiscal 2018.In addition, in the current quarter the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 143.90 Td (Company adjusted its estimate of the Deferred Remeasurement and Deemed Repatriation ) Tj ET Q q 0 0 0 rg BT 481.97 143.90 Td (T) Tj ET Q q 0 0 0 rg BT 488.46 143.90 Td (ax impact and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 129.50 Td (recognized a $34 million net benefit.) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (6) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 50 739.0220703125 m 174.55859375 739.0220703125 l s q 0 0 0 rg BT 50.00 740.90 Td (Noncontr) Tj ET Q q 0 0 0 rg BT 98.45 740.90 Td (olling Inter) Tj ET Q q 0 0 0 rg BT 155.90 740.90 Td (ests) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 714.50 Td (Net \(income\) loss attributable to noncontrolling interests was as follows \(in millions\):) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 689 m 402.5 689 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 689 m 412.5 689 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 689 m 482.5 689 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 665 m 402.5 665 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 665 m 482.5 665 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 665 m 562.5 665 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 665 m 402.5 665 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 665 m 482.5 665 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 665 m 562.5 665 l s BT /F1 12.00 Tf ET q 0 0 0 rg BT 371.80 693.18 Td (Quarter Ended) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 336.15 678.87 Td (December 29,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 356.00 667.92 Td (2018) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 416.15 678.87 Td (December 30,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 436.00 667.92 Td (2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 510.15 669.92 Td (Change) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 654.13 Td (Net \(income\) loss attributable to noncontrolling interests) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 335.00 654.13 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 386.00 654.13 Td (2) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 654.13 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 456.00 654.13 Td (\(50) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 472.00 654.13 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 531.65 654.13 Td (nm) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 626.10 Td (The change in net \(income\)/loss attributable to noncontrolling interests was due to lower results at ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 611.70 Td (ESPN and Shanghai Disney Resort, and losses at our direct-to-consumer sports business, partially of) Tj ET Q q 0 0 0 rg BT 532.71 611.70 Td (fset ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 597.30 Td (by growth at Hong Kong Disneyland Resort. Lower results at ESPN were lar) Tj ET Q q 0 0 0 rg BT 419.38 597.30 Td (gely due to the benefit of the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 582.90 Td (T) Tj ET Q q 0 0 0 rg BT 56.49 582.90 Td (ax ) Tj ET Q q 0 0 0 rg BT 70.16 582.90 Td (Act in the prior) Tj ET Q q 0 0 0 rg BT 143.56 582.90 Td (-year quarter) Tj ET Q q 0 0 0 rg BT 204.52 582.90 Td (.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 559.50 Td (Net income attributable to noncontrolling interests is determined on income after royalties and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 545.10 Td (management fees, financing costs and income taxes, as applicable.) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 50 516.8220703125 m 104.33984375 516.8220703125 l s q 0 0 0 rg BT 50.00 518.70 Td (Cash Flow) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 498.30 Td (Cash provided by operations and free cash flow were as follows \(in millions\):) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 472.8 m 402.5 472.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 472.8 m 412.5 472.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 472.8 m 482.5 472.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 472.8 m 402.5 472.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 445.8 m 402.5 445.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 472.8 m 412.5 472.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 472.8 m 482.5 472.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 445.8 m 482.5 445.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 445.8 m 562.5 445.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 445.8 m 402.5 445.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 445.8 m 482.5 445.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 415.8 m 402.5 415.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 415.8 m 482.5 415.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 415.8 m 562.5 415.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 400.8 m 402.5 400.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 398.8 m 402.5 398.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 400.8 m 482.5 400.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 398.8 m 482.5 398.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 400.8 m 562.5 400.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 398.8 m 562.5 398.8 l s BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 476.98 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 371.80 476.98 Td (Quarter Ended) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 450.93 Td (? Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 336.15 461.72 Td (December 29,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 356.00 450.72 Td (2018) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 416.15 461.72 Td (December 30,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 436.00 450.72 Td (2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 510.15 450.72 Td (Change) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 434.98 Td (Cash provided by operations) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 335.00 434.98 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 365.00 434.98 Td (2,099) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 434.98 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 445.00 434.98 Td (2,237) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 495.00 434.98 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 530.00 434.98 Td (\(138) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 552.00 434.98 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 419.98 Td (Investments in parks, resorts and other property) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 361.00 419.98 Td (\(1,195) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 392.00 419.98 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 450.00 419.98 Td (\(981) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 472.00 419.98 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 530.00 419.98 Td (\(214) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 552.00 419.98 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 404.93 Td (Free cash flow ) Tj ET Q BT /F1 12.00 Tf ET BT /F1 7.80 Tf ET q 0 0 0 rg BT 126.64 410.37 Td (\(1\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 335.00 404.93 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 374.00 404.93 Td (904) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 404.93 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 445.00 404.93 Td (1,256) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 495.00 404.93 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 530.00 404.93 Td (\(352) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 552.00 404.93 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.30 Td (? Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 59.00 380.83 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 376.30 Td (Free cash flow is not a financial measure defined by GAAP) Tj ET Q q 0 0 0 rg BT 314.15 376.30 Td (. See the discussion on pages 7 through 9.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 349.90 Td (Cash provided by operations decreased by ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 278.44 349.90 Td ($0.1 billion) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 333.78 349.90 Td ( from ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 363.10 349.90 Td ($2.2 billion) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 418.44 349.90 Td ( in the prior) Tj ET Q q 0 0 0 rg BT 474.52 349.90 Td (-year ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 502.16 349.90 Td (quarter) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 536.14 349.90 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 335.50 Td ($2.1 billion) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 105.34 335.50 Td ( in the current ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 175.31 335.50 Td (quarter) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 208.63 335.50 Td (. ) Tj ET Q q 0 0 0 rg BT 214.41 335.50 Td (The decrease was driven by lower segment operating results and higher ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 321.10 Td (tax payments, partially of) Tj ET Q q 0 0 0 rg BT 172.41 321.10 Td (fset by a decrease in film and television production spending.) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (7) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 50 739.0220703125 m 296.251953125 739.0220703125 l s q 0 0 0 rg BT 50.00 740.90 Td (Capital Expenditur) Tj ET Q q 0 0 0 rg BT 149.47 740.90 Td (es and Depr) Tj ET Q q 0 0 0 rg BT 210.59 740.90 Td (eciation Expense) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 720.50 Td (Investments in parks, resorts and other property were as follows \(in millions\):) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 695 m 482.5 695 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 695 m 492.5 695 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 695 m 562.5 695 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 695 m 482.5 695 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 668 m 482.5 668 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 695 m 492.5 695 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 695 m 562.5 695 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 668 m 562.5 668 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 620 m 482.5 620 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 620 m 562.5 620 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 604 m 482.5 604 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 604 m 562.5 604 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 556 m 482.5 556 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 540 m 482.5 540 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 556 m 562.5 556 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 540 m 562.5 540 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 540 m 482.5 540 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 540 m 562.5 540 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 492 m 482.5 492 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 477 m 482.5 477 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 475 m 482.5 475 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 492 m 562.5 492 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 477 m 562.5 477 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 475 m 562.5 475 l s BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 699.18 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 451.80 699.18 Td (Quarter Ended) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 673.13 Td (? Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 416.15 683.92 Td (December 29,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 436.00 672.92 Td (2018) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 496.15 683.92 Td (December 30,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 516.00 672.92 Td (2017) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 657.18 Td (Media Networks) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 641.18 Td (Cable Networks) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 641.13 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 460.00 641.13 Td (32) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 495.00 641.13 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 641.13 Td (46) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 625.18 Td (Broadcasting) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 460.00 625.13 Td (33) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 625.13 Td (36) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 89.00 609.18 Td (T) Tj ET Q q 0 0 0 rg BT 95.91 609.18 Td (otal Media Networks) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 460.00 609.13 Td (65) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 609.13 Td (82) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 593.18 Td (Parks, Experiences & Consumer Products) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 577.18 Td (Domestic) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 454.00 577.13 Td (838) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 534.00 577.13 Td (646) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 561.18 Td (International) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 454.00 561.13 Td (206) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 534.00 561.13 Td (149) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 89.00 545.18 Td (T) Tj ET Q q 0 0 0 rg BT 95.49 545.18 Td (otal Parks, Experiences & Consumer Products) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 445.00 545.13 Td (1,044) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 534.00 545.13 Td (795) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 529.18 Td (Studio Entertainment) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 460.00 529.13 Td (20) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 529.13 Td (22) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 513.18 Td (Direct-to-Consumer & International) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 460.00 513.13 Td (24) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 513.13 Td (34) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 497.18 Td (Corporate) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 460.00 497.13 Td (42) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 497.13 Td (48) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 481.18 Td (T) Tj ET Q q 0 0 0 rg BT 59.49 481.18 Td (otal investments in parks, resorts and other property) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 481.13 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 445.00 481.13 Td (1,195) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 495.00 481.13 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 534.00 481.13 Td (981) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 453.10 Td (Capital expenditures ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 175.97 453.10 Td (increased) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 221.28 453.10 Td ( by ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 239.28 453.10 Td ($214 million) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.95 453.10 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 316.28 453.10 Td ($1.2 billion) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 371.62 453.10 Td ( driven by higher spending on new ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 438.70 Td (attractions at our domestic theme parks and resorts.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 412.30 Td (Depreciation expense was as follows \(in millions\):) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 386.79999999999995 m 482.5 386.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 386.79999999999995 m 492.5 386.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 386.79999999999995 m 562.5 386.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 359.79999999999995 m 482.5 359.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 359.79999999999995 m 562.5 359.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 359.79999999999995 m 482.5 359.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 359.79999999999995 m 562.5 359.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 311.79999999999995 m 482.5 311.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 311.79999999999995 m 562.5 311.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 295.79999999999995 m 482.5 295.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 295.79999999999995 m 562.5 295.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 247.79999999999995 m 482.5 247.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 247.79999999999995 m 562.5 247.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 231.79999999999995 m 482.5 231.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 231.79999999999995 m 562.5 231.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 231.79999999999995 m 482.5 231.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 231.79999999999995 m 562.5 231.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 183.79999999999995 m 482.5 183.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 168.79999999999995 m 482.5 168.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 166.79999999999995 m 482.5 166.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 183.79999999999995 m 562.5 183.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 168.79999999999995 m 562.5 168.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 166.79999999999995 m 562.5 166.79999999999995 l s BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 390.98 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 451.80 390.98 Td (Quarter Ended) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 364.93 Td (? Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 416.15 375.72 Td (December 29,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 436.00 364.72 Td (2018) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 496.15 375.72 Td (December 30,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 516.00 364.72 Td (2017) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 348.98 Td (Media Networks) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 332.98 Td (Cable Networks) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 332.93 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 460.00 332.93 Td (24) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 495.00 332.93 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 332.93 Td (29) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 316.98 Td (Broadcasting) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 460.00 316.93 Td (20) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 316.93 Td (23) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 89.00 300.98 Td (T) Tj ET Q q 0 0 0 rg BT 95.91 300.98 Td (otal Media Networks) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 460.00 300.93 Td (44) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 300.93 Td (52) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 284.98 Td (Parks, Experiences & Consumer Products) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 268.98 Td (Domestic) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 454.00 268.93 Td (352) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 534.00 268.93 Td (363) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 252.98 Td (International) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 454.00 252.93 Td (186) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 534.00 252.93 Td (182) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 89.00 236.98 Td (T) Tj ET Q q 0 0 0 rg BT 95.49 236.98 Td (otal Parks, Experiences & Consumer Products) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 454.00 236.93 Td (538) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 534.00 236.93 Td (545) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 220.98 Td (Studio Entertainment) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 460.00 220.93 Td (14) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 220.93 Td (13) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 204.98 Td (Direct-to-Consumer & International) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 460.00 204.93 Td (32) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 204.93 Td (22) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 188.98 Td (Corporate) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 460.00 188.93 Td (39) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 188.93 Td (45) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 172.98 Td (T) Tj ET Q q 0 0 0 rg BT 59.49 172.98 Td (otal depreciation expense) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 172.93 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 454.00 172.93 Td (667) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 495.00 172.93 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 534.00 172.93 Td (677) Tj ET Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 50 140.02207031249998 m 211.77734375 140.02207031249998 l s q 0 0 0 rg BT 50.00 141.90 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 108.67 141.90 Td ( Financial Measur) Tj ET Q q 0 0 0 rg BT 201.78 141.90 Td (es) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 121.50 Td (This earnings release presents EPS excluding the impact of certain items af) Tj ET Q q 0 0 0 rg BT 434.67 121.50 Td (fecting comparability) Tj ET Q q 0 0 0 rg BT 536.85 121.50 Td (, free ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 107.10 Td (cash flow and aggregate segment operating income, all of which are important financial measures for the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 92.70 Td (Company) Tj ET Q q 0 0 0 rg BT 95.88 92.70 Td (, but are not financial measures defined by GAAP) Tj ET Q q 0 0 0 rg BT 334.15 92.70 Td (.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 72.30 Td (These measures should be reviewed in conjunction with the relevant GAAP) Tj ET Q q 0 0 0 rg BT 437.46 72.30 Td ( financial measures and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 57.90 Td (are not presented as alternative measures of EPS, cash flow or net income as determined in accordance ) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (8) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 740.70 Td (with GAAP) Tj ET Q q 0 0 0 rg BT 105.68 740.70 Td (. EPS excluding certain items af) Tj ET Q q 0 0 0 rg BT 259.42 740.70 Td (fecting comparability) Tj ET Q q 0 0 0 rg BT 361.60 740.70 Td (, free cash flow and aggregate segment ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 726.30 Td (operating income as we have calculated them may not be comparable to similarly titled measures reported ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 711.90 Td (by other companies.) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 50 689.900390625 m 300.705078125 689.900390625 l s q 0 0 0 rg BT 50.00 691.50 Td (EPS excluding certain items af) Tj ET Q q 0 0 0 rg BT 197.74 691.50 Td (fecting comparability) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.71 691.50 Td ( ?) Tj ET Q q 0 0 0 rg BT 312.49 691.50 Td (The Company uses EPS excluding certain items to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 677.10 Td (evaluate the performance of the Company? Tj ET Q q 0 0 0 rg BT 254.91 677.10 Td (s operations exclusive of certain items af) Tj ET Q q 0 0 0 rg BT 450.63 677.10 Td (fecting comparability ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 662.70 Td (of results from period to period. ) Tj ET Q q 0 0 0 rg BT 206.08 662.70 Td (The Company believes that information about EPS exclusive of these ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 648.30 Td (items is useful to investors, particularly where the impact of the excluded items is significant in relation to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 633.90 Td (reported earnings, because the measure allows for comparability between periods of the operating ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 619.50 Td (performance of the Company? Tj ET Q q 0 0 0 rg BT 194.28 619.50 Td (s business and allows investors to evaluate the impact of these items ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 605.10 Td (separately from the impact of the operations of the business.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 581.70 Td (The following table reconciles reported EPS to EPS excluding certain items af) Tj ET Q q 0 0 0 rg BT 450.01 581.70 Td (fecting comparability ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 567.30 Td (for the quarter) Tj ET Q q 0 0 0 rg BT 117.97 567.30 Td (.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 518.8 m 293.5 518.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 518.8 m 360.5 518.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 518.8 m 427.5 518.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 518.8 m 494.5 518.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 518.8 m 561.5 518.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 444.79999999999995 m 293.5 444.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 417.79999999999995 m 293.5 417.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 415.79999999999995 m 293.5 415.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 444.79999999999995 m 360.5 444.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 417.79999999999995 m 360.5 417.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 415.79999999999995 m 360.5 415.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 444.79999999999995 m 427.5 444.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 417.79999999999995 m 427.5 417.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 415.79999999999995 m 427.5 415.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 444.79999999999995 m 494.5 444.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 417.79999999999995 m 494.5 417.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 415.79999999999995 m 494.5 415.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 286.79999999999995 m 293.5 286.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 259.79999999999995 m 293.5 259.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 257.79999999999995 m 293.5 257.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 286.79999999999995 m 360.5 286.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 259.79999999999995 m 360.5 259.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 257.79999999999995 m 360.5 257.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 286.79999999999995 m 427.5 286.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 259.79999999999995 m 427.5 259.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 257.79999999999995 m 427.5 257.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 286.79999999999995 m 494.5 286.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 259.79999999999995 m 494.5 259.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 257.79999999999995 m 494.5 257.79999999999995 l s BT /F1 12.00 Tf ET q 0 0 0 rg BT 52.00 523.93 Td (\(in millions except EPS\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 246.65 545.72 Td (Pre-T) Tj ET Q q 0 0 0 rg BT 271.31 545.72 Td (ax) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 245.95 534.72 Td (Income/) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 253.60 523.72 Td (Loss) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 322.80 545.72 Td (T) Tj ET Q q 0 0 0 rg BT 328.75 545.72 Td (ax ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 313.25 534.72 Td (Benefit/) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 306.80 523.72 Td (Expense ) Tj ET Q BT /F1 11.00 Tf ET BT /F1 7.15 Tf ET q 0 0 0 rg BT 346.81 528.71 Td (\(1\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 376.50 545.72 Td (After) Tj ET Q q 0 0 0 rg BT 399.49 545.72 Td (-T) Tj ET Q q 0 0 0 rg BT 409.10 545.72 Td (ax ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 379.95 534.72 Td (Income/) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 382.05 523.72 Td (Loss ) Tj ET Q BT /F1 11.00 Tf ET BT /F1 7.15 Tf ET q 0 0 0 rg BT 405.58 528.71 Td (\(2\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 449.95 523.72 Td (EPS ) Tj ET Q BT /F1 11.00 Tf ET BT /F1 7.15 Tf ET q 0 0 0 rg BT 471.65 528.71 Td (\(3\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 507.55 545.72 Td (Change vs.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 510.45 534.72 Td (prior year) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 517.90 523.72 Td (period) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 52.00 507.98 Td (Quarter Ended December 29, 2018:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 58.00 491.98 Td (As reported) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 238.00 491.98 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 256.00 491.98 Td (3,431) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 305.00 491.98 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 328.00 491.98 Td (\(645) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 350.00 491.98 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 372.00 491.98 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 387.00 491.98 Td (2,786) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 439.00 491.98 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 463.00 491.98 Td (1.86) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 525.00 491.98 Td (\(36) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 541.00 491.98 Td (\)%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 58.00 476.98 Td (Exclude:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 58.00 461.93 Td (One-time net benefit from the ) Tj ET Q q 0 0 0 rg BT 204.17 461.93 Td (T) Tj ET Q q 0 0 0 rg BT 210.97 461.93 Td (ax) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.50 449.93 Td (Act) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 271.00 449.93 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 334.00 449.93 Td (\(34) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 350.00 449.93 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 398.00 449.93 Td (\(34) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 414.00 449.93 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 459.00 449.93 Td (\(0.02) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 484.00 449.93 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 58.00 433.93 Td (Excluding certain items af) Tj ET Q q 0 0 0 rg BT 184.18 433.93 Td (fecting) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 67.00 421.93 Td (comparability) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 238.00 421.93 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 256.00 421.93 Td (3,431) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 305.00 421.93 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 328.00 421.93 Td (\(679) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 350.00 421.93 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 372.00 421.93 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 387.00 421.93 Td (2,752) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 439.00 421.93 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 463.00 421.93 Td (1.84) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 531.00 421.93 Td (\(3) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 541.00 421.93 Td (\)%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 52.00 395.98 Td (Quarter Ended December 30, 2017:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 58.00 379.98 Td (As reported) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 238.00 379.93 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 256.00 379.93 Td (3,745) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 305.00 379.93 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 332.00 379.93 Td (728) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 372.00 379.93 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 387.00 379.93 Td (4,473) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 439.00 379.93 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 463.00 379.93 Td (2.91) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 58.00 363.98 Td (Exclude:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 58.00 347.93 Td (One-time net benefit from the ) Tj ET Q q 0 0 0 rg BT 204.17 347.93 Td (T) Tj ET Q q 0 0 0 rg BT 210.97 347.93 Td (ax) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.50 335.93 Td (Act) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 271.00 335.93 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 319.00 335.93 Td (\(1,557) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 350.00 335.93 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 383.00 335.93 Td (\(1,557) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 414.00 335.93 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 459.00 335.93 Td (\(1.00) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 484.00 335.93 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 58.00 319.93 Td (Gain from sale of property rights) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 267.00 319.93 Td (\(53) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 283.00 319.93 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 338.00 319.93 Td (12) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 398.00 319.93 Td (\(41) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 414.00 319.93 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 459.00 319.93 Td (\(0.03) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 484.00 319.93 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 58.00 303.93 Td (Restructuring and impairment) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.50 291.93 Td (char) Tj ET Q q 0 0 0 rg BT 91.93 291.93 Td (ges) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 271.00 291.93 Td (15) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 340.00 291.93 Td (\(3) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 350.00 291.93 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 402.00 291.93 Td (12) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 463.00 291.93 Td (0.01) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 58.00 275.93 Td (Excluding certain items af) Tj ET Q q 0 0 0 rg BT 184.07 275.93 Td (fecting) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 67.00 263.93 Td (comparability) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 238.00 263.93 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 256.00 263.93 Td (3,707) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 305.00 263.93 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 328.00 263.93 Td (\(820) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 350.00 263.93 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 372.00 263.93 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 387.00 263.93 Td (2,887) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 439.00 263.93 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 463.00 263.93 Td (1.89) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 248.83 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.58 244.30 Td ( ) Tj ET Q q 0 0 0 rg BT 68.00 244.30 Td (T) Tj ET Q q 0 0 0 rg BT 73.41 244.30 Td (ax benefit/expense adjustments are determined using the tax rate applicable to the individual item af) Tj ET Q q 0 0 0 rg BT 473.64 244.30 Td (fecting comparability) Tj ET Q q 0 0 0 rg BT 558.80 244.30 Td (.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 236.83 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 232.30 Td (Before noncontrolling interest share.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 224.83 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.58 220.30 Td ( ) Tj ET Q q 0 0 0 rg BT 68.00 220.30 Td (Net of noncontrolling interest share, where applicable. ) Tj ET Q q 0 0 0 rg BT 288.02 220.30 Td (T) Tj ET Q q 0 0 0 rg BT 293.43 220.30 Td (otal may not equal the sum of the column due to rounding.) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 50 192.30039062499998 m 120.640625 192.30039062499998 l s q 0 0 0 rg BT 50.00 193.90 Td (Free cash flow) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 120.64 193.90 Td ( ?) Tj ET Q q 0 0 0 rg BT 132.42 193.90 Td (The Company uses free cash flow \(cash provided by operations less investments in ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 179.50 Td (parks, resorts and other property\), among other measures, to evaluate the ability of its operations to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 165.10 Td (generate cash that is available for purposes other than capital expenditures. Management believes that ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 150.70 Td (information about free cash flow provides investors with an important perspective on the cash available to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 136.30 Td (service debt obligations, make strategic acquisitions and investments and pay dividends or repurchase ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 121.90 Td (shares.) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 50 99.900390625 m 229.6015625 99.900390625 l s q 0 0 0 rg BT 50.00 101.50 Td (Aggregate segment operating income) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 229.60 101.50 Td ( ?) Tj ET Q q 0 0 0 rg BT 241.38 101.50 Td (The Company evaluates the performance of its operating segments ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 87.10 Td (based on segment operating income, and management uses aggregate segment operating income as a ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 72.70 Td (measure of the performance of operating businesses separate from non-operating factors. ) Tj ET Q q 0 0 0 rg BT 479.62 72.70 Td (The Company ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 58.30 Td (believes that information about aggregate segment operating income assists investors by allowing them to ) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (9) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 740.70 Td (evaluate changes in the operating results of the Company? Tj ET Q q 0 0 0 rg BT 327.92 740.70 Td (s portfolio of businesses separate from non-) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 726.30 Td (operational factors that af) Tj ET Q q 0 0 0 rg BT 172.72 726.30 Td (fect net income, thus providing separate insight into both operations and the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 711.90 Td (other factors that af) Tj ET Q q 0 0 0 rg BT 143.40 711.90 Td (fect reported results. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 694.50 Td (A) Tj ET Q q 0 0 0 rg BT 80.50 694.50 Td ( reconciliation of income before income taxes to segment operating income is as follows \(in ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 680.10 Td (millions\):) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 653.6 m 408.5 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 653.6 m 417.5 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 653.6 m 485.5 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 653.6 m 408.5 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 626.6 m 408.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 653.6 m 485.5 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 626.6 m 485.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 626.6 m 562.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 530.6 m 408.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 515.6 m 408.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 513.6 m 408.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 530.6 m 485.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 515.6 m 485.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 513.6 m 485.5 513.6 l s BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 658.73 Td (? Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 380.25 658.52 Td (Quarter Ended) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 505.20 658.52 Td (%Change) Tj ET Q BT /F1 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 53.00 631.73 Td (\(in millions\)) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 343.15 642.52 Td (December 29,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 363.00 631.52 Td (2018) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 420.15 642.52 Td (December 30,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 440.00 631.52 Td (2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 513.00 642.52 Td (Better/) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 510.40 631.52 Td (\(W) Tj ET Q q 0 0 0 rg BT 523.56 631.52 Td (orse\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 615.73 Td (Income before income taxes) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 343.00 615.73 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 371.00 615.73 Td (3,431) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 420.00 615.73 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 448.00 615.73 Td (3,745) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 532.00 615.73 Td (\(8) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 542.00 615.73 Td (\)%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 599.73 Td (Add/\(subtract\):) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 59.00 583.78 Td (Corporate and unallocated shared expenses) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 380.00 583.73 Td (161) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 457.00 583.73 Td (150) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 532.00 583.73 Td (\(7) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 542.00 583.73 Td (\)%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 59.00 567.73 Td (Restructuring and impairment char) Tj ET Q q 0 0 0 rg BT 226.40 567.73 Td (ges) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 386.00 567.73 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 463.00 567.73 Td (15) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 537.65 567.73 Td (nm) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 59.00 551.78 Td (Other income) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 386.00 551.73 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 459.00 551.73 Td (\(53) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 475.00 551.73 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 537.65 551.73 Td (nm) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 59.00 535.78 Td (Interest expense, net) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 386.00 535.73 Td (63) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 457.00 535.73 Td (129) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 530.00 535.73 Td (51) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 546.00 535.73 Td (%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 519.73 Td (Segment Operating Income) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 343.00 519.73 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 371.00 519.73 Td (3,655) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 420.00 519.73 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 448.00 519.73 Td (3,986) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 532.00 519.73 Td (\(8) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 542.00 519.73 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 477.30 Td (CONFERENCE CALL) Tj ET Q q 0 0 0 rg BT 169.68 477.30 Td ( INFORMA) Tj ET Q q 0 0 0 rg BT 230.45 477.30 Td (TION) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 462.90 Td (In conjunction with this release, ) Tj ET Q q 0 0 0 rg BT 230.41 462.90 Td (The ) Tj ET Q q 0 0 0 rg BT 251.85 462.90 Td (W) Tj ET Q q 0 0 0 rg BT 262.21 462.90 Td (alt Disney Company will host a conference call today) Tj ET Q q 0 0 0 rg BT 518.69 462.90 Td (, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 448.50 Td (February?, 2019) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 132.32 448.50 Td (, at 4:30 PM EST/1:30 PM PST) Tj ET Q q 0 0 0 rg BT 284.46 448.50 Td ( via a live ) Tj ET Q q 0 0 0 rg BT 334.23 448.50 Td (W) Tj ET Q q 0 0 0 rg BT 344.59 448.50 Td (ebcast. ) Tj ET Q q 0 0 0 rg BT 380.36 448.50 Td (T) Tj ET Q q 0 0 0 rg BT 386.85 448.50 Td (o access the ) Tj ET Q q 0 0 0 rg BT 446.94 448.50 Td (W) Tj ET Q q 0 0 0 rg BT 457.30 448.50 Td (ebcast go to ) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 50 432.500390625 m 179.09375 432.500390625 l s q 0 0 0 rg BT 50.00 434.10 Td (www) Tj ET Q q 0 0 0 rg BT 75.22 434.10 Td (.disney) Tj ET Q q 0 0 0 rg BT 108.77 434.10 Td (.com/investors) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 179.09 434.10 Td (. ) Tj ET Q q 0 0 0 rg BT 184.88 434.10 Td (The discussion will be archived.) Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (10) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 208.30 740.70 Td (FOR) Tj ET Q q 0 0 0 rg BT 230.98 740.70 Td (W) Tj ET Q q 0 0 0 rg BT 240.98 740.70 Td (ARD-LOOKING ST) Tj ET Q q 0 0 0 rg BT 341.01 740.70 Td (A) Tj ET Q q 0 0 0 rg BT 348.34 740.70 Td (TEMENTS) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 717.30 Td (Management believes certain statements in this earnings release may constitute forward-looking ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 702.90 Td (statements?within the meaning of the Private Securities Litigation Reform ) Tj ET Q q 0 0 0 rg BT 411.92 702.90 Td (Act of 1995.? Tj ET Q q 0 0 0 rg BT 475.02 702.90 Td (These statements ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 688.50 Td (are made on the basis of management? Tj ET Q q 0 0 0 rg BT 233.93 688.50 Td (s views and assumptions regarding future events and business ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 674.10 Td (performance as of the time the statements are made. Management does not undertake any obligation to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 659.70 Td (update these statements.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 636.30 Td (Actual results may dif) Tj ET Q q 0 0 0 rg BT 180.09 636.30 Td (fer materially from those expressed or implied.Such dif) Tj ET Q q 0 0 0 rg BT 448.79 636.30 Td (ferences may result ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 621.90 Td (from actions taken by the Company) Tj ET Q q 0 0 0 rg BT 220.85 621.90 Td (, including restructuring or strategic initiatives \(including capital ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 607.50 Td (investments or asset acquisitions or dispositions\), as well as from developments beyond the Company? Tj ET Q q 0 0 0 rg BT 541.93 607.50 Td (s ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 593.10 Td (control, including:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 68.00 569.70 Td (?) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 86.00 569.70 Td (changes in domestic and global economic conditions, competitive conditions and consumer ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 86.00 555.30 Td (preferences;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 67.00 540.90 Td (?) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.00 540.90 Td (adverse weather conditions or natural disasters;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 67.00 526.50 Td (?) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.00 526.50 Td (health concerns;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 67.00 512.10 Td (?) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.00 512.10 Td (international, political, or military developments; and) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 67.00 497.70 Td (?) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.00 497.70 Td (technological developments.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 474.30 Td (Such developmentsmay af) Tj ET Q q 0 0 0 rg BT 203.42 474.30 Td (fect entertainment, travel and leisure businesses generally and may) Tj ET Q q 0 0 0 rg BT 523.51 474.30 Td (, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 459.90 Td (among other things, af) Tj ET Q q 0 0 0 rg BT 157.76 459.90 Td (fect:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 68.00 436.50 Td (?) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 86.00 436.50 Td (the performance of the Company? Tj ET Q q 0 0 0 rg BT 247.94 436.50 Td (s theatrical and home entertainment releases;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 68.00 422.10 Td (?) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 86.00 422.10 Td (the advertising market for broadcast and cable television programming;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 68.00 407.70 Td (?) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 86.00 407.70 Td (demand for our products and services;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 68.00 393.30 Td (?) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 86.00 393.30 Td (expenses of providing medical and pension benefits;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 68.00 378.90 Td (?) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 86.00 378.90 Td (income tax expense; ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 68.00 364.50 Td (?) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 86.00 364.50 Td (performance of some or all company businesses either directly or through their impact on those ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 86.00 350.10 Td (who distribute our products; and) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 68.00 335.70 Td (?) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 86.00 335.70 Td (completion of the pending transaction with 21CF) Tj ET Q q 0 0 0 rg BT 321.00 335.70 Td (.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 312.30 Td (Additional factors are set forth in the Company? Tj ET Q q 0 0 0 rg BT 304.27 312.30 Td (s ) Tj ET Q q 0 0 0 rg BT 311.28 312.30 Td (Annual Report on Form 10-K for the year ended ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 297.90 Td (September?9, 2018) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 146.32 297.90 Td ( under Item?A, Risk Factors,?and subsequent reports.) 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Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 678.9 m 482.5 678.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 678.9 m 492.5 678.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 678.9 m 562.5 678.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 678.9 m 482.5 678.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 653.9 m 482.5 653.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 653.9 m 562.5 653.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 653.9 m 482.5 653.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 653.9 m 562.5 653.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 602.9 m 482.5 602.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 602.9 m 562.5 602.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 504.9 m 482.5 504.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 504.9 m 562.5 504.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 419.9 m 482.5 419.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 419.9 m 562.5 419.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 419.9 m 562.5 419.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 385.9 m 482.5 385.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 385.9 m 562.5 385.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 353.9 m 482.5 353.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 353.9 m 562.5 353.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 339.9 m 482.5 339.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 337.9 m 482.5 337.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 339.9 m 562.5 339.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 337.9 m 562.5 337.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 294.9 m 482.5 294.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 292.9 m 482.5 292.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 294.9 m 562.5 294.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 292.9 m 562.5 292.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 268.9 m 482.5 268.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 266.9 m 482.5 266.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 268.9 m 562.5 268.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 266.9 m 562.5 266.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 223.89999999999998 m 482.5 223.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 221.89999999999998 m 482.5 221.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 223.89999999999998 m 562.5 223.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 221.89999999999998 m 562.5 221.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 197.89999999999998 m 482.5 197.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 195.89999999999998 m 482.5 195.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 197.89999999999998 m 562.5 197.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 195.89999999999998 m 562.5 195.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 165.89999999999998 m 482.5 165.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 163.89999999999998 m 482.5 163.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 165.89999999999998 m 562.5 165.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 163.89999999999998 m 562.5 163.89999999999998 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 683.15 Td (? Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.70 683.57 Td (Quarter Ended) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 658.15 Td (? Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.95 668.57 Td (December 29,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.00 658.57 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.95 668.57 Td (December 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.00 658.57 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 643.02 Td (Revenues:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 626.02 Td (Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 626.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 626.02 Td (12,866) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 626.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 626.02 Td (12,984) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 609.02 Td (Products) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 609.02 Td (2,437) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 609.02 Td (2,367) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 592.02 Td (T) Tj ET Q q 0 0 0 rg BT 76.76 592.02 Td (otal revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 592.02 Td (15,303) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 592.02 Td (15,351) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 575.02 Td (Costs and expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 559.02 Td (Cost of services \(exclusive of depreciation and amortization\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.80 559.07 Td (\(7,564) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 559.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 559.07 Td (\(7,324) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 559.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 544.02 Td (Cost of products \(exclusive of depreciation and amortization\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.80 544.07 Td (\(1,437) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 544.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 544.07 Td (\(1,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 544.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 528.02 Td (Selling, general, administrative and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.80 528.07 Td (\(2,152) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 528.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 528.07 Td (\(2,087) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 528.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 511.02 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.30 511.07 Td (\(732) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 511.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.30 511.07 Td (\(742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 511.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 494.02 Td (T) Tj ET Q q 0 0 0 rg BT 76.76 494.02 Td (otal costs and expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.80 494.07 Td (\(1) Tj ET Q q 0 0 0 rg BT 450.13 494.07 Td (1,885) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 494.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 494.07 Td (\(1) Tj ET Q q 0 0 0 rg BT 530.13 494.07 Td (1,558) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 494.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 477.02 Td (Restructuring and impairment char) Tj ET Q q 0 0 0 rg BT 192.59 477.02 Td (ges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 477.02 Td (? Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 477.07 Td (\(15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 477.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 458.57 Td (Other income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 460.02 Td (? Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 460.02 Td (53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 443.02 Td (Interest expense, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 443.07 Td (\(63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 443.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.30 443.07 Td (\(129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 443.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 426.02 Td (Equity in the income of investees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 426.02 Td (76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 426.02 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 409.02 Td (Income before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 409.02 Td (3,431) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 409.02 Td (3,745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 392.02 Td (Income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.30 392.07 Td (\(645) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 392.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.65 392.02 Td (728) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 375.02 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 375.02 Td (2,786) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 375.02 Td (4,473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 359.02 Td (Less: Net \(income\) loss attributable to noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 359.02 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 359.07 Td (\(50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 359.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 344.02 Td (Net income attributable to ) Tj ET Q q 0 0 0 rg BT 160.10 344.02 Td (The ) Tj ET Q q 0 0 0 rg BT 177.96 344.02 Td (W) Tj ET Q q 0 0 0 rg BT 186.91 344.02 Td (alt Disney Company \(Disney\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 344.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 344.02 Td (2,788) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 344.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 344.02 Td (4,423) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 316.02 Td (Earnings per share attributable to Disney:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 300.02 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 300.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 300.02 Td (1.86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 300.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 300.02 Td (2.91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 274.02 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 274.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 274.02 Td (1.87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 274.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 274.02 Td (2.93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 245.02 Td (W) Tj ET Q q 0 0 0 rg BT 62.04 245.02 Td (eighted average number of common 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BT 251.83 741.60 Td (W) Tj ET Q q 0 0 0 rg BT 261.61 741.60 Td (AL) Tj ET Q q 0 0 0 rg BT 275.88 741.60 Td (T) Tj ET Q q 0 0 0 rg BT 283.02 741.60 Td ( DISNEY) Tj ET Q q 0 0 0 rg BT 326.93 741.60 Td ( COMP) Tj ET Q q 0 0 0 rg BT 362.47 741.60 Td (ANY) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 174.80 728.40 Td (CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 312.42 728.40 Td (TED BALANCE SHEETS) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 197.85 715.20 Td (\(unaudited; in millions, except per) Tj ET Q q 0 0 0 rg BT 358.69 715.20 Td ( shar) Tj ET Q q 0 0 0 rg BT 382.02 715.20 Td (e data\)) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 683.7 m 481.5 683.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 683.7 m 561.5 683.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 585.7 m 481.5 585.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 585.7 m 561.5 585.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 585.7 m 561.5 585.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 501.70000000000005 m 481.5 501.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 501.70000000000005 m 561.5 501.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 459.70000000000005 m 481.5 459.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 459.70000000000005 m 561.5 459.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 403.70000000000005 m 481.5 403.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 403.70000000000005 m 561.5 403.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 390.70000000000005 m 481.5 390.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 388.70000000000005 m 481.5 388.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 390.70000000000005 m 561.5 390.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 388.70000000000005 m 561.5 388.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 310.70000000000005 m 481.5 310.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 310.70000000000005 m 561.5 310.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 146.70000000000005 m 481.5 146.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 146.70000000000005 m 561.5 146.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 118.70000000000005 m 481.5 118.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 118.70000000000005 m 561.5 118.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 90.70000000000005 m 481.5 90.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 90.70000000000005 m 561.5 90.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 76.70000000000005 m 481.5 76.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 76.70000000000005 m 561.5 76.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 76.70000000000005 m 481.5 76.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 63.700000000000045 m 481.5 63.700000000000045 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 61.700000000000045 m 481.5 61.700000000000045 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 63.700000000000045 m 561.5 63.700000000000045 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 61.700000000000045 m 561.5 61.700000000000045 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.95 695.27 Td (December 29,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.00 685.32 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.10 695.27 Td (September 29,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.00 685.32 Td (2018) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 674.26 Td (ASSETS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 660.27 Td (Current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 646.27 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.00 646.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 646.27 Td (4,455) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 646.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 646.27 Td (4,150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 632.27 Td (Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 632.27 Td (10,123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 632.27 Td (9,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 618.27 Td (Inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 618.27 Td (1,357) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 618.27 Td (1,392) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 604.27 Td (T) Tj ET Q q 0 0 0 rg BT 75.76 604.27 Td (elevision costs and advances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 604.27 Td (824) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 604.27 Td (1,314) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 590.27 Td (Other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 590.27 Td (778) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 590.27 Td (635) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 576.27 Td (T) Tj ET Q q 0 0 0 rg BT 93.76 576.27 Td (otal current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 576.27 Td (17,537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 576.27 Td (16,825) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 562.27 Td (Film and television costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 562.27 Td (8,177) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 562.27 Td (7,888) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 548.27 Td (Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 548.27 Td (2,970) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 548.27 Td (2,899) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 534.27 Td (Parks, resorts and other property) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 520.27 Td (Attractions, buildings and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 520.27 Td (55,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 520.27 Td (55,238) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 506.27 Td (Accumulated depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.80 506.32 Td (\(31,069) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 506.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.80 506.32 Td (\(30,764) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.65 506.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 492.27 Td (24,316) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 492.27 Td (24,474) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 478.27 Td (Projects in progress) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 478.27 Td (4,336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 478.27 Td (3,942) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 464.27 Td (Land) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 464.27 Td (1,145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 464.27 Td (1,124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 450.27 Td (29,797) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 450.27 Td (29,540) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 436.27 Td (Intangible assets, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 436.27 Td (6,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 436.27 Td (6,812) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 422.27 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 422.27 Td (31,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 422.27 Td (31,269) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 408.27 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 408.27 Td (3,424) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 408.27 Td (3,365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 394.27 Td (T) Tj ET Q q 0 0 0 rg BT 117.76 394.27 Td (otal assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.00 394.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 394.27 Td (99,941) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 394.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 394.27 Td (98,598) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 371.26 Td (LIABILITIES ) Tj ET Q q 0 0 0 rg BT 107.65 371.26 Td (AND EQUITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 357.27 Td (Current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 343.27 Td (Accounts payable and other accrued liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.00 343.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 343.27 Td (10,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 343.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 343.27 Td (9,479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 329.27 Td (Current portion of borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 329.27 Td (3,489) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 329.27 Td (3,790) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 315.27 Td (Deferred revenue and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 315.27 Td (3,434) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 315.27 Td (4,591) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 301.27 Td (T) Tj ET Q q 0 0 0 rg BT 93.76 301.27 Td (otal current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 301.27 Td (17,619) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 301.27 Td (17,860) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 287.27 Td (Borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 287.27 Td (17,176) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 287.27 Td (17,084) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 273.27 Td (Deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 273.27 Td (3,177) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 273.27 Td (3,109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 259.27 Td (Other long-term liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 259.27 Td (6,452) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 259.27 Td (6,590) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 245.27 Td (Commitments and contingencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 231.27 Td (Redeemable noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 231.27 Td (1,124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 231.27 Td (1,123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 217.27 Td (Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 203.27 Td (Preferred stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 203.27 Td (? Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 203.27 Td (? Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 189.27 Td (Common stock, $0.01 par value,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 179.27 Td ( ) Tj ET Q q 0 0 0 rg BT 77.22 179.27 Td (Authorized ?4.6 billion shares, Issued ?2.9 billion shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 179.37 Td (36,799) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 179.37 Td (36,779) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 165.27 Td (Retained earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 165.27 Td (84,887) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 165.27 Td (82,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 151.27 Td (Accumulated other comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.80 151.32 Td (\(3,782) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 151.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.80 151.32 Td (\(3,097) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.65 151.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.15 137.27 Td (1) Tj ET Q q 0 0 0 rg BT 444.15 137.27 Td (17,904) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 137.27 Td (1) Tj ET Q q 0 0 0 rg BT 524.15 137.27 Td (16,361) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 123.27 Td (T) Tj ET Q q 0 0 0 rg BT 75.93 123.27 Td (reasury stock, at cost, 1.4 billion shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.80 123.32 Td (\(67,588) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 123.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.80 123.32 Td (\(67,588) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.65 123.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 109.27 Td (T) Tj ET Q q 0 0 0 rg BT 93.76 109.27 Td (otal Disney Shareholders? Tj ET Q q 0 0 0 rg BT 196.90 109.27 Td ( equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 109.27 Td (50,316) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 109.27 Td (48,773) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 95.27 Td (Noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 95.27 Td (4,077) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 95.27 Td (4,059) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 81.27 Td (T) Tj ET Q q 0 0 0 rg BT 93.41 81.27 Td (otal equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 81.27 Td (54,393) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 81.27 Td (52,832) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 67.27 Td (T) Tj ET Q q 0 0 0 rg BT 117.41 67.27 Td (otal liabilities and equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.00 67.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 67.27 Td (99,941) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 67.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 67.27 Td (98,598) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (13) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 226.05 741.60 Td (THE ) Tj ET Q q 0 0 0 rg BT 251.83 741.60 Td (W) Tj ET Q q 0 0 0 rg BT 261.61 741.60 Td (AL) Tj ET Q q 0 0 0 rg BT 275.88 741.60 Td (T) Tj ET Q q 0 0 0 rg BT 283.02 741.60 Td ( DISNEY) Tj ET Q q 0 0 0 rg BT 326.93 741.60 Td ( COMP) Tj ET Q q 0 0 0 rg BT 362.47 741.60 Td (ANY) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 141.00 728.40 Td (CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 278.62 728.40 Td (TED ST) Tj ET Q q 0 0 0 rg BT 316.63 728.40 Td (A) Tj ET Q q 0 0 0 rg BT 323.76 728.40 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 395.17 728.40 Td ( CASH FLOWS) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 250.65 715.20 Td (\(unaudited; in millions\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 704.40 Td (? 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