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Tj ET Q q 0 0 0 rg BT 177.45 608.50 Td (The ) Tj ET Q q 0 0 0 rg BT 198.89 608.50 Td (W) Tj ET Q q 0 0 0 rg BT 209.26 608.50 Td (alt Disney Company today reported earnings for its ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 458.53 608.50 Td (first) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 477.86 608.50 Td ( fiscal quarter ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 594.10 Td (ended December 27, 2014. Diluted earnings per share \(EPS\) for the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 380.56 594.10 Td (first) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 399.89 594.10 Td ( quarter increased 23% to $1.27 ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 579.70 Td (from $1.03 in the prior) Tj ET Q q 0 0 0 rg BT 159.41 579.70 Td (-year quarter) Tj ET Q q 0 0 0 rg BT 220.37 579.70 Td (. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 536.50 Td (This was yet another incredibly strong quarter for our Company) Tj ET Q q 0 0 0 rg BT 383.97 536.50 Td (, with diluted EPS up 23% driven by ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 522.10 Td (record revenue as well as significant growth in segment operating income,?said Robert ) Tj ET Q q 0 0 0 rg BT 472.54 522.10 Td (A. Iger) Tj ET Q q 0 0 0 rg BT 506.04 522.10 Td (, chairman ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 507.70 Td (and chief executive of) Tj ET Q q 0 0 0 rg BT 156.06 507.70 Td (ficer) Tj ET Q q 0 0 0 rg BT 177.56 507.70 Td (, ) Tj ET Q q 0 0 0 rg BT 183.34 507.70 Td (The ) Tj ET Q q 0 0 0 rg BT 204.78 507.70 Td (W) Tj ET Q q 0 0 0 rg BT 215.15 507.70 Td (alt Disney Company) Tj ET Q q 0 0 0 rg BT 313.02 507.70 Td (.?Our results once again reflect the strength of our ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 493.30 Td (brands and high quality content and demonstrate that our proven franchise strategy creates long-term ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 478.90 Td (value across all of our businesses.? 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Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 362.80 390.93 Td (Quarter Ended) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 363.93 Td (? Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 325.65 374.72 Td (December 27,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 345.50 363.72 Td (2014) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 408.65 374.72 Td (December 28,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 428.50 363.72 Td (2013) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 506.65 363.72 Td (Change) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 347.48 Td (Revenues) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 322.00 347.48 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 351.00 347.48 Td (13,391) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 405.00 347.48 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 434.00 347.48 Td (12,309) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 530.00 347.48 Td (9) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 536.00 347.48 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 330.48 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 184.63 335.92 Td (\(1\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 322.00 330.48 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 357.00 330.48 Td (3,545) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 405.00 330.48 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 440.00 330.48 Td (3,020) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 524.00 330.48 Td (17) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 536.00 330.48 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 313.48 Td (Net income ) Tj ET Q BT /F1 12.00 Tf ET BT /F1 7.80 Tf ET q 0 0 0 rg BT 111.65 318.92 Td (\(2\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 322.00 313.48 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 357.00 313.48 Td (2,182) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 405.00 313.48 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 440.00 313.48 Td (1,840) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 524.00 313.48 Td (19) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 536.00 313.48 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 296.48 Td (Diluted EPS ) Tj ET Q BT /F1 12.00 Tf ET BT /F1 7.80 Tf ET q 0 0 0 rg BT 115.67 301.92 Td (\(2\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 322.00 296.48 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 363.00 296.48 Td (1.27) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 405.00 296.48 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 446.00 296.48 Td (1.03) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 524.00 296.48 Td (23) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 536.00 296.48 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 279.48 Td (Cash provided by operations) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 322.00 279.48 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 357.00 279.48 Td (1,855) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 405.00 279.48 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 440.00 279.48 Td (1,212) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 524.00 279.48 Td (53) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 536.00 279.48 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 262.48 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 126.64 267.92 Td (\(1\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 322.00 262.48 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 366.00 262.48 Td (857) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 405.00 262.48 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 449.00 262.48 Td (554) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 524.00 262.48 Td (55) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 536.00 262.48 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 50.00 209.03 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 204.50 Td (Aggregate segment operating income and free cash flow are non-GAAP) Tj ET Q q 0 0 0 rg BT 356.13 204.50 Td ( financial measures. See the discussion of non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 192.50 Td (GAAP) Tj ET Q q 0 0 0 rg BT 94.86 192.50 Td ( financial measures that follows.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 185.03 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 180.50 Td (Reflects amounts attributable to shareholders of ) Tj ET Q q 0 0 0 rg BT 261.65 180.50 Td (The ) Tj ET Q q 0 0 0 rg BT 279.52 180.50 Td (W) Tj ET Q q 0 0 0 rg BT 288.16 180.50 Td (alt Disney Company) Tj ET Q q 0 0 0 rg BT 369.72 180.50 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 2015 and 2014 ) 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 BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 692.70 Td (? Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 668.2 m 394.5 668.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 668.2 m 402.5 668.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 668.2 m 477.5 668.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 668.2 m 394.5 668.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 643.2 m 394.5 643.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 668.2 m 402.5 668.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 668.2 m 477.5 668.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 643.2 m 477.5 643.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 643.2 m 552.5 643.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 552.5 643.2 m 562.5 643.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 549.2 m 394.5 549.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 549.2 m 477.5 549.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 536.2 m 394.5 536.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 534.2 m 394.5 534.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 536.2 m 477.5 536.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 534.2 m 477.5 534.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 430.2 m 394.5 430.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 430.2 m 477.5 430.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 417.2 m 394.5 417.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 415.2 m 394.5 415.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 417.2 m 477.5 417.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 415.2 m 477.5 415.2 l s BT /F1 12.00 Tf ET q 0 0 0 rg BT 59.00 671.38 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 362.80 671.38 Td (Quarter Ended) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 325.65 658.07 Td (December 27,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 345.50 647.07 Td (2014) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 408.65 658.07 Td (December 28,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 428.50 647.07 Td (2013) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 507.15 648.12 Td (Change) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 632.38 Td (Revenues:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 618.38 Td (Media Networks) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 322.00 618.33 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 357.00 618.33 Td (5,860) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 405.00 618.33 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 440.00 618.33 Td (5,290) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 526.00 618.33 Td (11) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 542.00 618.33 Td (%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 602.38 Td (Parks and Resorts) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 357.00 602.33 Td (3,910) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 440.00 602.33 Td (3,597) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 532.00 602.33 Td (9) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 542.00 602.33 Td (%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 586.38 Td (Studio Entertainment) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 357.00 586.33 Td (1,858) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 440.00 586.33 Td (1,893) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 528.00 586.33 Td (\(2) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 538.00 586.33 Td (\)%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 570.38 Td (Consumer Products) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 357.00 570.33 Td (1,379) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 440.00 570.33 Td (1,126) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 526.00 570.33 Td (22) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 542.00 570.33 Td (%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 554.38 Td (Interactive) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 366.00 554.33 Td (384) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 449.00 554.33 Td (403) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 528.00 554.33 Td (\(5) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 538.00 554.33 Td (\)%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 322.00 538.38 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 351.00 538.38 Td (13,391) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 405.00 538.38 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 434.00 538.38 Td (12,309) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 532.00 538.38 Td (9) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 542.00 538.38 Td (%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 515.33 Td (Segment operating income:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 499.38 Td (Media Networks) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 322.00 499.33 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 357.00 499.33 Td (1,495) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 405.00 499.33 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 440.00 499.33 Td (1,455) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 532.00 499.33 Td (3) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 539.00 499.33 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 483.38 Td (Parks and Resorts) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 366.00 483.33 Td (805) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 449.00 483.33 Td (671) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 526.00 483.33 Td (20) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 539.00 483.33 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 467.38 Td (Studio Entertainment) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 366.00 467.33 Td (544) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 449.00 467.33 Td (409) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 526.00 467.33 Td (33) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 539.00 467.33 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 451.38 Td (Consumer Products) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 366.00 451.33 Td (626) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 449.00 451.33 Td (430) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 526.00 451.33 Td (46) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 539.00 451.33 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 435.38 Td (Interactive) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 372.00 435.33 Td (75) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 455.00 435.33 Td (55) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 526.00 435.33 Td (36) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 539.00 435.33 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 322.00 419.38 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 357.00 419.38 Td (3,545) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 405.00 419.38 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 440.00 419.38 Td (3,020) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 526.00 419.38 Td (17) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 539.00 419.38 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 50 357.2220703125 m 134.984375 357.2220703125 l s q 0 0 0 rg BT 50.00 359.10 Td (Media Networks) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 344.70 Td (Media Networks revenues for the quarter increased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 321.39 344.70 Td (1) Tj ET Q q 0 0 0 rg BT 326.95 344.70 Td (1%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 342.95 344.70 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 358.28 344.70 Td ($5.9 billion) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 413.62 344.70 Td ( and segment operating ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 330.30 Td (income increased 3% to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 167.96 330.30 Td ($1.5 billion) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 223.29 330.30 Td (. ) Tj ET Q q 0 0 0 rg BT 232.07 330.30 Td (The following table provides further detail of the Media Networks ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 315.90 Td (results \(in millions\):) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 301.50 Td (? Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 276 m 394.5 276 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 276 m 402.5 276 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 276 m 477.5 276 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 276 m 394.5 276 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 249 m 394.5 249 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 276 m 402.5 276 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 249 m 402.5 249 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 276 m 477.5 276 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 249 m 477.5 249 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 249 m 548.5 249 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 548.5 249 m 562.5 249 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 207 m 394.5 207 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 207 m 477.5 207 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 194 m 394.5 194 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 192 m 394.5 192 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 194 m 477.5 194 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 192 m 477.5 192 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 149 m 394.5 149 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 149 m 477.5 149 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 136 m 394.5 136 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 134 m 394.5 134 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 136 m 477.5 136 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 134 m 477.5 134 l s BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 280.18 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 362.80 280.18 Td (Quarter Ended) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 254.13 Td (? Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 325.65 264.92 Td (December 27,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 345.50 253.92 Td (2014) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 408.65 264.92 Td (December 28,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 428.50 253.92 Td (2013) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 506.65 253.92 Td (Change) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 238.18 Td (Revenues:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 224.18 Td (Cable Networks) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 322.00 224.18 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 357.00 224.18 Td (4,166) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 405.00 224.18 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 440.00 224.18 Td (3,759) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 519.00 224.18 Td (11) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 535.00 224.18 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 210.18 Td (Broadcasting) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 357.00 210.18 Td (1,694) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 440.00 210.18 Td (1,531) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 519.00 210.18 Td (11) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 535.00 210.18 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 322.00 196.18 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 357.00 196.18 Td (5,860) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 405.00 196.18 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 440.00 196.18 Td (5,290) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 519.00 196.18 Td (11) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 535.00 196.18 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 182.18 Td (Segment operating income:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 166.18 Td (Cable Networks) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 322.00 166.18 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 357.00 166.18 Td (1,255) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 405.00 166.18 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 440.00 166.18 Td (1,277) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 521.00 166.18 Td (\(2) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 531.00 166.18 Td (\) %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 152.18 Td (Broadcasting) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 366.00 152.18 Td (240) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 449.00 152.18 Td (178) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 519.00 152.18 Td (35) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 535.00 152.18 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 322.00 138.18 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 357.00 138.18 Td (1,495) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 405.00 138.18 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 440.00 138.18 Td (1,455) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 525.00 138.18 Td (3) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 535.00 138.18 Td ( %) Tj ET Q BT /F1 10.00 Tf ET 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 /F3 12.00 Tf ET q 0 0 0 rg BT 50.00 740.70 Td (Cable Networks) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 726.30 Td (Operating income at Cable Networks decreased 2% to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 335.74 726.30 Td ($1.3 billion) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 391.07 726.30 Td ( for the quarter due to a decrease at ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 711.90 Td (ESPN, partially of) Tj ET Q q 0 0 0 rg BT 138.11 711.90 Td (fset by increases at the worldwide Disney Channels and ) Tj ET Q q 0 0 0 rg BT 408.37 711.90 Td (ABC Family) Tj ET Q q 0 0 0 rg BT 469.27 711.90 Td (. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 697.50 Td (The decrease at ESPN was due to higher programming and production costs and, to a lesser extent, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 683.10 Td (higher marketing, general and administrative and technical costs and lower advertising revenue. ) Tj ET Q q 0 0 0 rg BT 515.95 683.10 Td (These ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 668.70 Td (decreases were partially of) Tj ET Q q 0 0 0 rg BT 178.04 668.70 Td (fset by af) Tj ET Q q 0 0 0 rg BT 222.48 668.70 Td (filiate fee contractual rate increases, a reduction in revenue deferrals ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 654.30 Td (as a result of changes in contractual provisions related to annual programming commitments and an ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 639.90 Td (increase in subscribers, taking into account the new SEC Network. Programming and production cost ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 625.50 Td (increases were due to a contractual rate increase for NFL) Tj ET Q q 0 0 0 rg BT 323.08 625.50 Td ( programming and rights costs for the SEC ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 611.10 Td (Network. ESPN advertising revenue decreased due to lower ratings for certain of our programs, partially ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 596.70 Td (of) Tj ET Q q 0 0 0 rg BT 59.78 596.70 Td (fset by higher rates. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 582.30 Td (The increase at the worldwide Disney Channels was due to higher af) Tj ET Q q 0 0 0 rg BT 401.84 582.30 Td (filiate rates for the domestic ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 567.90 Td (channels and higher international advertising revenues, partially of) Tj ET Q q 0 0 0 rg BT 370.34 567.90 Td (fset by higher programming costs. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 553.50 Td (International advertising revenues were driven by our new channel in Germany) Tj ET Q q 0 0 0 rg BT 429.75 553.50 Td (, which was launched in ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 539.10 Td (January 2014. Increased programming costs were driven by higher pilot write-of) Tj ET Q q 0 0 0 rg BT 439.67 539.10 Td (fs and costs for the new ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 524.70 Td (channel in Germany) Tj ET Q q 0 0 0 rg BT 146.52 524.70 Td (. ) Tj ET Q q 0 0 0 rg BT 155.30 524.70 Td (The increase at ) Tj ET Q q 0 0 0 rg BT 230.26 524.70 Td (ABC Family was due to higher af) Tj ET Q q 0 0 0 rg BT 392.02 524.70 Td (filiate revenue due to higher rates ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 510.30 Td (and increased advertising revenue reflecting higher units sold.) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 50.00 481.90 Td (Br) Tj ET Q q 0 0 0 rg BT 61.55 481.90 Td (oadcasting) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 467.50 Td (Operating income at Broadcasting increased 35% to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 325.41 467.50 Td ($240 million) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 387.08 467.50 Td ( for the quarter due to an increase in ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 453.10 Td (af) Tj ET Q q 0 0 0 rg BT 59.11 453.10 Td (filiate fees and higher program sales. ) Tj ET Q q 0 0 0 rg BT 242.15 453.10 Td (These increases were partially of) Tj ET Q q 0 0 0 rg BT 399.86 453.10 Td (fset by lower advertising ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 438.70 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 96.76 438.70 Td (The increase in af) Tj ET Q q 0 0 0 rg BT 182.16 438.70 Td (filiate revenues was due to contractual rate increases and new contractual ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 424.30 Td (provisions. Program sales growth included higher sales of ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 333.95 424.30 Td (Criminal Minds) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 410.29 424.30 Td (, ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 416.29 424.30 Td (Scandal) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 454.95 424.30 Td ( and ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 478.28 424.30 Td (Once Upon ) Tj ET Q q 0 0 0 rg BT 536.05 424.30 Td (A) Tj ET Q q 0 0 0 rg BT 543.16 424.30 Td ( ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 50.00 409.90 Td (T) Tj ET Q q 0 0 0 rg BT 56.01 409.90 Td (ime. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 79.34 409.90 Td (Lower advertising revenue was due to fewer units sold at the ) Tj ET Q q 0 0 0 rg BT 373.58 409.90 Td (ABC ) Tj ET Q q 0 0 0 rg BT 401.04 409.90 Td (T) Tj ET Q q 0 0 0 rg BT 407.53 409.90 Td (elevision Network, partially ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 395.50 Td (of) Tj ET Q q 0 0 0 rg BT 59.78 395.50 Td (fset by an increase at the owned television stations due to higher political advertising and an increase ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 381.10 Td (from higher primetime rates.) 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 50 328.8220703125 m 144.001953125 328.8220703125 l s q 0 0 0 rg BT 50.00 330.70 Td (Parks and Resorts) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 316.30 Td (Parks and Resorts revenues for the quarter increased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 327.07 316.30 Td (9%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 343.07 316.30 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 358.40 316.30 Td ($3.9 billion) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 413.74 316.30 Td ( and segment operating ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 301.90 Td (income increased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 136.63 301.90 Td (20%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 158.62 301.90 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 173.96 301.90 Td ($805 million) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 235.63 301.90 Td (. Operating income growth for the quarter was driven by an ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 287.50 Td (increase at our domestic operations, partially of) Tj ET Q q 0 0 0 rg BT 278.04 287.50 Td (fset by a decrease at our international operations.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 273.10 Td (Higher operating income at our domestic operations reflected both higher volumes and guest ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 258.70 Td (spending growth at our parks and resorts and, to a lesser extent, at our cruise business, partially of) Tj ET Q q 0 0 0 rg BT 519.66 258.70 Td (fset by ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 244.30 Td (higher costs. Guest spending growth at our parks and resorts reflected higher average ticket prices and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 229.90 Td (increased merchandise, food and beverage spending. ) Tj ET Q q 0 0 0 rg BT 308.68 229.90 Td (The volume increase at our cruise business reflected ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 215.50 Td (higher passenger cruise ship days due to the impact of the ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 330.25 215.50 Td (Disney Magic) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 397.23 215.50 Td ( being in dry-dock for a portion of ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 201.10 Td (the prior) Tj ET Q q 0 0 0 rg BT 90.75 201.10 Td (-year quarter) Tj ET Q q 0 0 0 rg BT 151.71 201.10 Td (. Increased costs were driven by labor and other cost inflation, higher pension and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 186.70 Td (postretirement medical costs and increased depreciation driven by new attractions. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 73.00 172.30 Td (The decrease at our international operations was driven by higher Shanghai Disney Resort pre-) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 157.90 Td (opening expenses, the impact of a weaker Japanese yen on ) Tj ET Q q 0 0 0 rg BT 334.01 157.90 Td (T) Tj ET Q q 0 0 0 rg BT 340.50 157.90 Td (okyo Disney Resort royalties and higher costs ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 143.50 Td (at Hong Kong Disneyland Resort, partially of) Tj ET Q q 0 0 0 rg BT 268.74 143.50 Td (fset by an increase at Disneyland Paris. ) Tj ET Q q 0 0 0 rg BT 459.80 143.50 Td (The increase at ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 129.10 Td (Disneyland Paris was due to higher guest spending, attendance and occupied room nights, partially of) Tj ET Q q 0 0 0 rg BT 537.66 129.10 Td (fset ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 114.70 Td (by higher costs driven by higher volumes, new guest of) Tj ET Q q 0 0 0 rg BT 315.73 114.70 Td (ferings and marketing costs. ) Tj ET Q q 0 0 0 rg BT 456.82 114.70 Td (The increase in guest ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 100.30 Td (spending was driven by higher average ticket prices.) 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 /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 161.673828125 739.0220703125 l s q 0 0 0 rg BT 50.00 740.90 Td (Studio Entertainment) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 726.50 Td (Studio Entertainment revenues for the quarter decreased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 345.39 726.50 Td (2%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 361.38 726.50 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 376.72 726.50 Td ($1.9 billion) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 432.05 726.50 Td ( and segment operating ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 712.10 Td (income increased 33% to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 173.96 712.10 Td ($544 million) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 235.63 712.10 Td (. Higher operating income was due to an increase in home ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 697.70 Td (entertainment results, higher revenue share with the Consumer Products segment due to the performance ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 683.30 Td (of ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 63.00 683.30 Td (Fr) Tj ET Q q 0 0 0 rg BT 74.55 683.30 Td (ozen) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 96.55 683.30 Td ( merchandise and higher ) Tj ET Q q 0 0 0 rg BT 216.95 683.30 Td (TV/SVOD distribution results driven by more titles available ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 668.90 Td (internationally) Tj ET Q q 0 0 0 rg BT 119.20 668.90 Td (. ) Tj ET Q q 0 0 0 rg BT 127.98 668.90 Td (These increases were partially of) Tj ET Q q 0 0 0 rg BT 285.69 668.90 Td (fset by lower theatrical distribution results. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 654.50 Td (The increase in home entertainment results was driven by higher unit sales and lower per unit costs. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (Unit sales growth was driven by Marvel's ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 252.46 640.10 Td (Guar) Tj ET Q q 0 0 0 rg BT 277.35 640.10 Td (dians of the Galaxy) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 371.00 640.10 Td (, ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 377.00 640.10 Td (Fr) Tj ET Q q 0 0 0 rg BT 388.55 640.10 Td (ozen) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 410.55 640.10 Td ( and ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 433.88 640.10 Td (Maleficent) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 485.19 640.10 Td ( in the current ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 625.70 Td (quarter compared to ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 149.62 625.70 Td (Monsters University) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 247.27 625.70 Td ( and ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 270.60 625.70 Td (The Lone Ranger) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 353.93 625.70 Td ( in the prior) Tj ET Q q 0 0 0 rg BT 410.01 625.70 Td (-year quarter) Tj ET Q q 0 0 0 rg BT 471.15 625.70 Td (, which did not ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 611.30 Td (include the release of a Marvel title. ) Tj ET Q q 0 0 0 rg BT 228.71 611.30 Td (The decrease in unit costs reflected distribution cost savings and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 596.90 Td (lower production cost amortization reflecting a higher amortization rate on ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 411.87 596.90 Td (The Lone Ranger) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 495.20 596.90 Td ( in the prior) Tj ET Q q 0 0 0 rg BT 551.28 596.90 Td (-) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 582.50 Td (year quarter) Tj ET Q q 0 0 0 rg BT 106.96 582.50 Td (.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 568.10 Td (Lower theatrical distribution results reflected the performance of ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 386.37 568.10 Td (Big Her) Tj ET Q q 0 0 0 rg BT 424.25 568.10 Td (o 6) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 439.25 568.10 Td ( in the current quarter ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 553.70 Td (compared to ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 112.64 553.70 Td (Fr) Tj ET Q q 0 0 0 rg BT 124.20 553.70 Td (ozen) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 146.19 553.70 Td ( in the prior) Tj ET Q q 0 0 0 rg BT 202.27 553.70 Td (-year quarter) Tj ET Q q 0 0 0 rg BT 263.23 553.70 Td (. In addition, the current quarter included the continuing ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 539.30 Td (performance of Marvel's ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 171.11 539.30 Td (Guar) Tj ET Q q 0 0 0 rg BT 196.00 539.30 Td (dians of the Galaxy) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 289.65 539.30 Td (, which was released in the fourth quarter of fiscal 2014 ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 524.90 Td (whereas the prior) Tj ET Q q 0 0 0 rg BT 133.06 524.90 Td (-year quarter included the release of Marvel's ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 353.45 524.90 Td (Thor: The Dark W) Tj ET Q q 0 0 0 rg BT 441.34 524.90 Td (orld) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 461.35 524.90 Td (.) 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 50 467.8220703125 m 151.89453125 467.8220703125 l s q 0 0 0 rg BT 50.00 469.70 Td (Consumer) Tj ET Q q 0 0 0 rg BT 103.12 469.70 Td ( Pr) Tj ET Q q 0 0 0 rg BT 118.55 469.70 Td (oducts) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 455.30 Td (Consumer Products revenues for the quarter increased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 335.41 455.30 Td (22%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 357.41 455.30 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 372.74 455.30 Td ($1.4 billion) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 428.08 455.30 Td ( and segment operating ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 440.90 Td (income increased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 136.63 440.90 Td (46%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 158.62 440.90 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 173.96 440.90 Td ($626 million) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 235.63 440.90 Td (. Higher operating income was due to increases at our Merchandise ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 426.50 Td (Licensing and Retail businesses.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 412.10 Td (The increase in operating income at Merchandise Licensing was due to the performance of ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 397.70 Td (merchandise based on ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 158.96 397.70 Td (Fr) Tj ET Q q 0 0 0 rg BT 170.52 397.70 Td (ozen) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 192.51 397.70 Td ( and, to a lesser extent, Disney Channel properties, Mickey and Minnie, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 383.30 Td (Spider) Tj ET Q q 0 0 0 rg BT 81.09 383.30 Td (-Man and ) Tj ET Q q 0 0 0 rg BT 129.75 383.30 Td (A) Tj ET Q q 0 0 0 rg BT 137.52 383.30 Td (vengers.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 368.90 Td (At our Retail business, higher operating income for the quarter was due to comparable store sales ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 354.50 Td (growth and higher online sales in all regions driven by sales of ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 353.93 354.50 Td (Fr) Tj ET Q q 0 0 0 rg BT 365.49 354.50 Td (ozen ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 390.48 354.50 Td (merchandise.) 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 50 297.4220703125 m 105.974609375 297.4220703125 l s q 0 0 0 rg BT 50.00 299.30 Td (Interactive) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 284.90 Td (Interactive revenues for the quarter decreased by $19 million to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 380.38 284.90 Td ($384 million) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 442.04 284.90 Td ( and segment operating ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 270.50 Td (income increased by $20 million to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 222.63 270.50 Td ($75 million) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 278.30 270.50 Td (. Improved operating results were due to an increase at ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (our mobile games business driven by the success of ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 300.95 256.10 Td (T) Tj ET Q q 0 0 0 rg BT 306.52 256.10 Td (sum T) Tj ET Q q 0 0 0 rg BT 334.43 256.10 Td (sum) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 353.77 256.10 Td ( and ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 377.09 256.10 Td (Fr) Tj ET Q q 0 0 0 rg BT 388.65 256.10 Td (ozen Fr) Tj ET Q q 0 0 0 rg BT 425.20 256.10 Td (ee Fall ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 461.85 256.10 Td (as well as lower ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 241.70 Td (product development costs due to fewer titles in development. ) Tj ET Q q 0 0 0 rg BT 354.04 241.70 Td (This increase was partially of) Tj ET Q q 0 0 0 rg BT 495.10 241.70 Td (fset by lower ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 227.30 Td (results at our console games business reflecting higher per unit costs driven by the mix of Disney Infinity ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 212.90 Td (products sold, lower unit sales and higher marketing costs. ) Tj ET Q q 0 0 0 rg BT 334.06 212.90 Td (The decrease in unit sales was driven by lower ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 198.50 Td (sales of Infinity accessories and catalog titles, partially of) Tj ET Q q 0 0 0 rg BT 325.36 198.50 Td (fset by higher sales of Infinity starter packs. ) 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 50 705.2220703125 m 279.79296875 705.2220703125 l s q 0 0 0 rg BT 50.00 707.10 Td (Corporate and Unallocated Shar) Tj ET Q q 0 0 0 rg BT 217.45 707.10 Td (ed Expenses) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 692.70 Td (Corporate and unallocated shared expenses increased $9 million to $125 million primarily due to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 678.30 Td (higher charitable giving in the current quarter) Tj ET Q q 0 0 0 rg BT 267.92 678.30 Td (.) 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 50 642.6220703125 m 206.755859375 642.6220703125 l s q 0 0 0 rg BT 50.00 644.50 Td (Inter) Tj ET Q q 0 0 0 rg BT 75.78 644.50 Td (est Income/\(Expense\), net) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 630.10 Td (Interest income/\(expense\), net was as follows \(in millions\):) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 615.70 Td (? Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 591.2 m 394.5 591.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 591.2 m 403.5 591.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 591.2 m 478.5 591.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 564.2 m 394.5 564.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 564.2 m 478.5 564.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 564.2 m 553.5 564.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553.5 564.2 m 562.5 564.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 564.2 m 394.5 564.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 564.2 m 478.5 564.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 564.2 m 553.5 564.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 536.2 m 394.5 536.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 536.2 m 478.5 536.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 523.2 m 394.5 523.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 521.2 m 394.5 521.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 523.2 m 478.5 523.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 521.2 m 478.5 521.2 l s BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 594.38 Td () Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 363.30 594.38 Td (Quarter Ended) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 569.33 Td (? Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 325.65 580.12 Td (December 27,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 345.50 569.12 Td (2014) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 409.65 580.12 Td (December 28,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 429.50 569.12 Td (2013) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 507.65 569.12 Td (Change) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 553.38 Td (Interest expense) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 322.00 553.38 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 368.00 553.38 Td (\(69) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 384.00 553.38 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 406.00 553.38 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 452.00 553.38 Td (\(81) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 468.00 553.38 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 524.00 553.38 Td (15) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 553.38 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 539.38 Td (Interest and investment income) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 372.00 539.38 Td (11) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 450.00 539.38 Td (130) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 520.00 539.38 Td (\(92) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 536.00 539.38 Td (\) %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 525.38 Td (Interest income/\(expense\), net) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 322.00 525.38 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 368.00 525.38 Td (\(58) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 384.00 525.38 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 406.00 525.38 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 456.00 525.38 Td (49) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 522.65 525.38 Td (nm) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 499.30 Td (The decrease in interest expense for the quarter was primarily due to lower ef) Tj ET Q q 0 0 0 rg BT 445.29 499.30 Td (fective interest rates. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 484.90 Td (The decrease in interest and investment income for the quarter was due to gains on sales of investments in ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 470.50 Td (the prior) Tj ET Q q 0 0 0 rg BT 90.75 470.50 Td (-year quarter) Tj ET Q q 0 0 0 rg BT 151.71 470.50 Td (.) 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 50 430.8220703125 m 225.458984375 430.8220703125 l s q 0 0 0 rg BT 50.00 432.70 Td (Equity In ) Tj ET Q q 0 0 0 rg BT 101.81 432.70 Td (The Income of Investees) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 77.00 418.30 Td (Equity in the income of investees decreased $27 million to $212 million driven by a decrease at ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 403.90 Td (Hulu due to higher programming and marketing costs, partially of) Tj ET Q q 0 0 0 rg BT 366.38 403.90 Td (fset by an increase in advertising ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 389.50 Td (revenues.) 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 50 349.8220703125 m 119.673828125 349.8220703125 l s q 0 0 0 rg BT 50.00 351.70 Td (Income ) Tj ET Q q 0 0 0 rg BT 90.78 351.70 Td (T) Tj ET Q q 0 0 0 rg BT 97.68 351.70 Td (axes) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 337.30 Td (The ef) Tj ET Q q 0 0 0 rg BT 104.76 337.30 Td (fective income tax rate was as follows:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 322.90 Td (? Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 297.4 m 394.5 297.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 297.4 m 403.5 297.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 297.4 m 478.5 297.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 297.4 m 394.5 297.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 270.4 m 394.5 270.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 297.4 m 403.5 297.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 297.4 m 478.5 297.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 270.4 m 478.5 270.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 270.4 m 538.5 270.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 538.5 270.4 m 562.5 270.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 270.4 m 394.5 270.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 270.4 m 478.5 270.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 270.4 m 538.5 270.4 l s BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 301.58 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 363.30 301.58 Td (QuarterEnded) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 275.53 Td (? Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 325.65 286.32 Td (December 27,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 345.50 275.32 Td (2014) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 409.65 286.32 Td (December 28,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 429.50 275.32 Td (2013) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 507.65 275.32 Td (Change) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 259.58 Td (Effective income tax rate) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 357.00 259.58 Td (33.3) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 378.00 259.58 Td (%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 441.00 259.58 Td (35.2) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 462.00 259.58 Td (%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 519.00 259.58 Td (1.9) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 541.00 259.58 Td (ppt) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 233.50 Td (The decrease in the ef) Tj ET Q q 0 0 0 rg BT 179.05 233.50 Td (fective income tax rate includes a benefit from an increase in earnings from ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 219.10 Td (foreign operations indefinitely reinvested outside the United States, which are subject to tax rates lower ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 204.70 Td (than the federal statutory income tax rate.) 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 50 165.02207031249998 m 174.55859375 165.02207031249998 l s q 0 0 0 rg BT 50.00 166.90 Td (Noncontr) Tj ET Q q 0 0 0 rg BT 98.45 166.90 Td (olling Inter) Tj ET Q q 0 0 0 rg BT 155.90 166.90 Td (ests) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 127 m 394.5 127 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 127 m 403.5 127 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 127 m 478.5 127 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 102 m 394.5 102 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 102 m 478.5 102 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 102 m 553.5 102 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553.5 102 m 562.5 102 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 102 m 394.5 102 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 102 m 478.5 102 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 102 m 553.5 102 l s BT /F1 12.00 Tf ET q 0 0 0 rg BT 363.30 131.18 Td (Quarter Ended) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 325.65 116.87 Td (December 27,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 345.50 105.87 Td (2014) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 409.65 116.87 Td (December 28,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 429.50 105.87 Td (2013) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 507.65 106.92 Td (Change) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 91.13 Td (Net income attributable to noncontrolling interests) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 322.00 91.13 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 372.00 91.13 Td (62) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 406.00 91.13 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 456.00 91.13 Td (64) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 534.00 91.13 Td (3) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 91.13 Td ( %) Tj ET Q BT /F1 10.00 Tf ET 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 /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 740.70 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 50.00 726.30 Td (management fees, financing costs and income taxes.) 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 50 686.6220703125 m 104.33984375 686.6220703125 l s q 0 0 0 rg BT 50.00 688.50 Td (Cash Flow) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 674.10 Td (Cash provided by operations and free cash flow were as follows \(in millions\):) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 659.70 Td (? Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 634.2 m 394.5 634.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 634.2 m 403.5 634.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 634.2 m 478.5 634.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 634.2 m 394.5 634.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 607.2 m 394.5 607.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 634.2 m 403.5 634.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 634.2 m 478.5 634.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 607.2 m 478.5 607.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 607.2 m 562.5 607.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 607.2 m 394.5 607.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 607.2 m 478.5 607.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 577.2 m 394.5 577.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 577.2 m 478.5 577.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 577.2 m 562.5 577.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 562.2 m 394.5 562.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 560.2 m 394.5 560.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 562.2 m 478.5 562.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 560.2 m 478.5 560.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 562.2 m 562.5 562.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 560.2 m 562.5 560.2 l s BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 638.38 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 363.30 638.38 Td (Quarter Ended) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 612.33 Td (? Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 325.65 623.12 Td (December 27,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 345.50 612.12 Td (2014) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 409.65 623.12 Td (December 28,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 429.50 612.12 Td (2013) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 507.65 612.12 Td (Change) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 596.38 Td (Cash provided by operations) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 322.00 596.38 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 357.00 596.38 Td (1,855) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 406.00 596.38 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 441.00 596.38 Td (1,212) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 490.00 596.38 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 534.00 596.38 Td (643) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 581.38 Td (Investments in parks, resorts and other property) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 362.00 581.38 Td (\(998) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 384.00 581.38 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 446.00 581.38 Td (\(658) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 468.00 581.38 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 530.00 581.38 Td (\(340) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 552.00 581.38 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 566.33 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 126.64 571.77 Td (\(1\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 322.00 566.33 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 366.00 566.33 Td (857) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 406.00 566.33 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 450.00 566.33 Td (554) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 490.00 566.33 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 534.00 566.33 Td (303) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 549.70 Td (? Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 62.45 542.23 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 537.70 Td (Free cash flow is not a financial measure defined by GAAP) Tj ET Q q 0 0 0 rg BT 317.60 537.70 Td (. See the discussion of non-GAAP) Tj ET Q q 0 0 0 rg BT 454.44 537.70 Td ( financial measures that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 525.70 Td (follows.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 499.30 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 499.30 Td (Cash provided by operations for the first quarter of fiscal 2015 increased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 437.89 499.30 Td (53%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 459.89 499.30 Td ( or ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 475.88 499.30 Td ($643 million) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 537.55 499.30 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 484.90 Td ($1.9 billion) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 105.34 484.90 Td ( compared to fiscal 2014 due to higher segment operating results and lower television ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 470.50 Td (spending driven by changes to the timing of payment terms for certain sports rights.) 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 50 430.8220703125 m 296.251953125 430.8220703125 l s q 0 0 0 rg BT 50.00 432.70 Td (Capital Expenditur) Tj ET Q q 0 0 0 rg BT 149.47 432.70 Td (es and Depr) Tj ET Q q 0 0 0 rg BT 210.59 432.70 Td (eciation Expense) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 418.30 Td (Investments in parks, resorts and other property were as follows \(in millions\):) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 403.90 Td (? Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 378.4 m 478.5 378.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 378.4 m 487.5 378.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 378.4 m 562.5 378.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 378.4 m 478.5 378.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 351.4 m 478.5 351.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 378.4 m 487.5 378.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 378.4 m 562.5 378.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 351.4 m 562.5 351.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 306.4 m 478.5 306.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 306.4 m 562.5 306.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 291.4 m 478.5 291.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 291.4 m 562.5 291.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 246.39999999999998 m 478.5 246.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 246.39999999999998 m 562.5 246.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 231.39999999999998 m 478.5 231.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 231.39999999999998 m 562.5 231.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 231.39999999999998 m 478.5 231.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 231.39999999999998 m 562.5 231.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 171.39999999999998 m 478.5 171.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 171.39999999999998 m 562.5 171.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 157.39999999999998 m 478.5 157.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 155.39999999999998 m 478.5 155.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 157.39999999999998 m 562.5 157.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 155.39999999999998 m 562.5 155.39999999999998 l s BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 382.58 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 447.30 382.58 Td (Quarter Ended) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 356.53 Td (? Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 409.65 367.32 Td (December 27,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 429.50 356.32 Td (2014) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 493.65 367.32 Td (December 28,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 513.50 356.32 Td (2013) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 340.58 Td (Media Networks) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 325.58 Td (Cable Networks) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 406.00 325.58 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 456.00 325.58 Td (15) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 490.00 325.58 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 325.58 Td (32) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 310.58 Td (Broadcasting) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 462.00 310.58 Td (7) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 310.58 Td (13) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 89.00 295.58 Td (Total Media Networks) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 456.00 295.58 Td (22) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 295.58 Td (45) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 280.58 Td (Parks and Resorts) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 265.58 Td (Domestic) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 450.00 265.58 Td (239) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 534.00 265.58 Td (215) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 250.58 Td (International) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 450.00 250.58 Td (638) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 534.00 250.58 Td (324) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 89.00 235.58 Td (Total Parks and Resorts) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 450.00 235.58 Td (877) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 534.00 235.58 Td (539) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 220.58 Td (Studio Entertainment) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 456.00 220.58 Td (24) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 220.58 Td (13) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 205.58 Td (Consumer Products) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 462.00 205.58 Td (4) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 546.00 205.58 Td (6) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 190.58 Td (Interactive) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 462.00 190.58 Td (1) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 190.58 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 175.58 Td (Corporate) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 456.00 175.58 Td (70) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 175.58 Td (55) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 160.58 Td (Total investments in parks, resorts and other property) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 406.00 160.58 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 450.00 160.58 Td (998) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 490.00 160.58 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 534.00 160.58 Td (658) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 133.50 Td (Capital expenditures increased from ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 250.60 133.50 Td ($0.7 billion) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 305.94 133.50 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 321.27 133.50 Td ($1.0 billion) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 376.61 133.50 Td ( due to higher construction spending ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 119.10 Td (for the Shanghai Disney Resort.) 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 /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 726.30 Td (Depreciation expense was as follows \(in millions\):) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 711.90 Td (? Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 686.4 m 478.5 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 686.4 m 487.5 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 686.4 m 562.5 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 659.4 m 478.5 659.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 659.4 m 562.5 659.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 617.4 m 478.5 617.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 617.4 m 562.5 617.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 603.4 m 478.5 603.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 603.4 m 562.5 603.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 561.4 m 478.5 561.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 561.4 m 562.5 561.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 547.4 m 478.5 547.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 547.4 m 562.5 547.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 547.4 m 478.5 547.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 547.4 m 562.5 547.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 491.4 m 478.5 491.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 491.4 m 562.5 491.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 478.4 m 478.5 478.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 476.4 m 478.5 476.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 478.4 m 562.5 478.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 476.4 m 562.5 476.4 l s BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 690.58 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 447.30 690.58 Td (Quarter Ended) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 664.53 Td (? Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 409.65 675.32 Td (December 27,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 429.50 664.32 Td (2014) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 493.65 675.32 Td (December 28,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 513.50 664.32 Td (2013) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 648.58 Td (Media Networks) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 634.58 Td (Cable Networks) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 406.00 634.58 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 456.00 634.58 Td (37) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 490.00 634.58 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 634.58 Td (33) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 620.58 Td (Broadcasting) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 456.00 620.58 Td (21) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 620.58 Td (23) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 89.00 606.58 Td (Total Media Networks) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 456.00 606.58 Td (58) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 606.58 Td (56) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 592.58 Td (Parks and Resorts) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 578.58 Td (Domestic) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 450.00 578.58 Td (297) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 534.00 578.58 Td (279) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 564.58 Td (International) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 456.00 564.58 Td (89) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 564.58 Td (86) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 89.00 550.58 Td (Total Parks and Resorts) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 450.00 550.58 Td (386) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 534.00 550.58 Td (365) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 536.58 Td (Studio Entertainment) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 456.00 536.58 Td (14) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 536.58 Td (12) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 522.58 Td (Consumer Products) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 456.00 522.58 Td (13) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 522.58 Td (12) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 508.58 Td (Interactive) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 462.00 508.58 Td (3) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 546.00 508.58 Td (1) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 494.58 Td (Corporate) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 456.00 494.58 Td (61) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 494.58 Td (58) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 480.58 Td (Total depreciation expense) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 406.00 480.58 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 450.00 480.58 Td (535) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 490.00 480.58 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 534.00 480.58 Td (504) 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 50 433.2220703125 m 211.77734375 433.2220703125 l s q 0 0 0 rg BT 50.00 435.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 108.67 435.10 Td ( Financial Measur) Tj ET Q q 0 0 0 rg BT 201.78 435.10 Td (es) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 420.70 Td (This earnings release presents EPS excluding the impact of certain items af) Tj ET Q q 0 0 0 rg BT 434.67 420.70 Td (fecting comparability) Tj ET Q q 0 0 0 rg BT 536.85 420.70 Td (, free ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 406.30 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 50.00 391.90 Td (Company) Tj ET Q q 0 0 0 rg BT 95.88 391.90 Td (, but are not financial measures defined by GAAP) Tj ET Q q 0 0 0 rg BT 334.15 391.90 Td (.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 377.50 Td (These measures should be reviewed in conjunction with the relevant GAAP) Tj ET Q q 0 0 0 rg BT 437.46 377.50 Td ( financial measures and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 363.10 Td (are not presented as alternative measures of EPS, cash flow or net income as determined in accordance ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 348.70 Td (with GAAP) Tj ET Q q 0 0 0 rg BT 105.68 348.70 Td (. EPS excluding certain items af) Tj ET Q q 0 0 0 rg BT 262.42 348.70 Td (fecting comparability) Tj ET Q q 0 0 0 rg BT 364.60 348.70 Td (, free cash flow and aggregate segment ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 334.30 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 50.00 319.90 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 50 294.900390625 m 300.705078125 294.900390625 l s q 0 0 0 rg BT 50.00 296.50 Td (EPS excluding certain items af) Tj ET Q q 0 0 0 rg BT 197.74 296.50 Td (fecting comparability) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.71 296.50 Td ( ?) Tj ET Q q 0 0 0 rg BT 312.49 296.50 Td (The Company uses EPS excluding certain items to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 282.10 Td (evaluate the performance of the Company? Tj ET Q q 0 0 0 rg BT 254.91 282.10 Td (s operations exclusive of certain items af) Tj ET Q q 0 0 0 rg BT 450.63 282.10 Td (fecting comparability ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 267.70 Td (of results from period to period. ) Tj ET Q q 0 0 0 rg BT 206.08 267.70 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 50.00 253.30 Td (impacts is useful to investors, particularly where the impact of the excluded items is significant in relation ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 238.90 Td (to 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 50.00 224.50 Td (performance of the Company? Tj ET Q q 0 0 0 rg BT 194.28 224.50 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 50.00 210.10 Td (separately from the impact of the operations of the business.) 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 74.00 740.70 Td (The following table reconciles reported EPS to EPS excluding certain items af) Tj ET Q q 0 0 0 rg BT 450.01 740.70 Td (fecting comparability:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 726.30 Td (? Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 699.8 m 394.5 699.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 699.8 m 401.5 699.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 699.8 m 476.5 699.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 699.8 m 394.5 699.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 672.8 m 394.5 672.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 699.8 m 401.5 699.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 699.8 m 476.5 699.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 672.8 m 476.5 672.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 672.8 m 550.5 672.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 550.5 672.8 m 562.5 672.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 672.8 m 394.5 672.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 672.8 m 476.5 672.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 624.8 m 394.5 624.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 597.8 m 394.5 597.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 595.8 m 394.5 595.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 624.8 m 476.5 624.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 597.8 m 476.5 597.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 595.8 m 476.5 595.8 l s BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 704.93 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 362.30 704.93 Td (QuarterEnded) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 677.93 Td (? Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 325.65 688.72 Td (December 27,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 345.50 677.72 Td (2014) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 407.65 688.72 Td (December 28,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 427.50 677.72 Td (2013) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 505.65 677.72 Td (Change) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 661.98 Td (Diluted EPS as reported) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 322.00 661.93 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 363.00 661.93 Td (1.27) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 404.00 661.93 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 445.00 661.93 Td (1.03) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 525.00 661.93 Td (23) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 537.00 661.93 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 645.98 Td (Exclude:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 62.00 629.93 Td (Restructuring and impairment char) Tj ET Q q 0 0 0 rg BT 229.40 629.93 Td (ges ) Tj ET Q BT /F1 12.00 Tf ET BT /F1 7.80 Tf ET q 0 0 0 rg BT 248.39 635.37 Td (\(1\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 372.00 629.93 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 445.00 629.93 Td (0.01) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 525.65 629.93 Td (nm) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 613.93 Td (Diluted EPS excluding certain items af) Tj ET Q q 0 0 0 rg BT 239.74 613.93 Td (fecting ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 62.00 601.93 Td (comparability) Tj ET Q BT /F1 12.00 Tf ET BT /F1 7.80 Tf ET q 0 0 0 rg BT 128.64 607.37 Td (\(2\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 322.00 601.93 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 363.00 601.93 Td (1.27) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 404.00 601.93 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 445.00 601.93 Td (1.04) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 525.00 601.93 Td (22) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 537.00 601.93 Td ( %) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 582.90 Td (? Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 59.00 575.43 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.58 570.90 Td ( ) Tj ET Q q 0 0 0 rg BT 77.00 570.90 Td (Char) Tj ET Q q 0 0 0 rg BT 96.26 570.90 Td (ges for the prior) Tj ET Q q 0 0 0 rg BT 160.20 570.90 Td (-year quarter totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.77 570.90 Td ($19 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.16 570.90 Td ( \(pre-tax\), primarily for an investment impairment and severance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 558.90 Td (and contract termination costs.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 59.00 551.43 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.58 546.90 Td ( ) Tj ET Q q 0 0 0 rg BT 77.00 546.90 Td (May not equal the sum of the rows 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 50 498.500390625 m 120.640625 498.500390625 l s q 0 0 0 rg BT 50.00 500.10 Td (Free cash flow) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 120.64 500.10 Td ( ?) Tj ET Q q 0 0 0 rg BT 132.42 500.10 Td (The Company uses free cash flow \(cash provided by operations less investments in ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 485.70 Td (parks, resorts and other property\), 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 50.00 471.30 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 50.00 456.90 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 50.00 442.50 Td (service debt, make strategic acquisitions and investments and pay dividends or repurchase 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 50 417.500390625 m 229.6015625 417.500390625 l s q 0 0 0 rg BT 50.00 419.10 Td (Aggregate segment operating income) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 229.60 419.10 Td ( ?) Tj ET Q q 0 0 0 rg BT 241.38 419.10 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 50.00 404.70 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 50.00 390.30 Td (measure of the performance of operating businesses separate from non-operating factors. ) Tj ET Q q 0 0 0 rg BT 479.62 390.30 Td (The Company ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 375.90 Td (believes that information about aggregate segment operating income assists investors by allowing them to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 361.50 Td (evaluate changes in the operating results of the Company? Tj ET Q q 0 0 0 rg BT 327.92 361.50 Td (s portfolio of businesses separate from non-) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 347.10 Td (operational factors that af) Tj ET Q q 0 0 0 rg BT 172.72 347.10 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 50.00 332.70 Td (other factors that af) Tj ET Q q 0 0 0 rg BT 143.40 332.70 Td (fect reported results. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 309.30 Td (A) Tj ET Q q 0 0 0 rg BT 82.00 309.30 Td ( reconciliation of segment operating income to net income is as follows \(in millions\):) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 294.90 Td (? Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 269.4 m 478.5 269.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 269.4 m 487.5 269.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 269.4 m 562.5 269.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 269.4 m 478.5 269.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 242.39999999999998 m 478.5 242.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 269.4 m 487.5 269.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 269.4 m 562.5 269.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 242.39999999999998 m 562.5 242.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 242.39999999999998 m 478.5 242.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 242.39999999999998 m 562.5 242.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 172.39999999999998 m 478.5 172.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 172.39999999999998 m 562.5 172.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 144.39999999999998 m 478.5 144.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 144.39999999999998 m 562.5 144.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 131.39999999999998 m 478.5 131.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 129.39999999999998 m 478.5 129.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 131.39999999999998 m 562.5 131.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 129.39999999999998 m 562.5 129.39999999999998 l s BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 273.58 Td (? 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Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 409.65 258.32 Td (December 27,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 429.50 247.32 Td (2014) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 493.65 258.32 Td (December 28,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 513.50 247.32 Td (2013) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 231.58 Td (Segment operating income) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 406.00 231.58 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 441.00 231.58 Td (3,545) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 490.00 231.58 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 525.00 231.58 Td (3,020) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 217.58 Td (Corporate and unallocated shared expenses) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 446.00 217.58 Td (\(125) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 468.00 217.58 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 530.00 217.58 Td (\(116) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 552.00 217.58 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 203.58 Td (Restructuring and impairment charges) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 456.00 203.58 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 536.00 203.58 Td (\(19) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 552.00 203.58 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 189.58 Td (Other income, net) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 456.00 189.58 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 546.00 189.58 Td (6) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 175.58 Td (Interest income/\(expense\), net) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 452.00 175.58 Td (\(58) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 468.00 175.58 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 175.58 Td (49) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 161.58 Td (Income before income taxes) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 441.00 161.58 Td (3,362) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 525.00 161.58 Td (2,940) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 147.58 Td (Income taxes) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 437.00 147.58 Td (\(1,118) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 468.00 147.58 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 521.00 147.58 Td (\(1,036) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 552.00 147.58 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 133.58 Td (Net income) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 406.00 133.58 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 441.00 133.58 Td (2,244) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 490.00 133.58 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 525.00 133.58 Td (1,904) Tj ET Q BT /F1 10.00 Tf ET 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 /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 740.90 Td (CONFERENCE CALL) Tj ET Q q 0 0 0 rg BT 169.68 740.90 Td ( INFORMA) Tj ET Q q 0 0 0 rg BT 230.45 740.90 Td (TION) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 721.50 Td (In conjunction with this release, ) Tj ET Q q 0 0 0 rg BT 230.41 721.50 Td (The ) Tj ET Q q 0 0 0 rg BT 251.85 721.50 Td (W) Tj ET Q q 0 0 0 rg BT 262.21 721.50 Td (alt Disney Company will host a conference call today) Tj ET Q q 0 0 0 rg BT 518.69 721.50 Td (, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 707.10 Td (February?, 2015) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 132.32 707.10 Td (, at 5:00 PM EST/2:00 PM PST) Tj ET Q q 0 0 0 rg BT 284.46 707.10 Td ( via a live ) Tj ET Q q 0 0 0 rg BT 334.23 707.10 Td (W) Tj ET Q q 0 0 0 rg BT 344.59 707.10 Td (ebcast. ) Tj ET Q q 0 0 0 rg BT 380.36 707.10 Td (T) Tj ET Q q 0 0 0 rg BT 386.85 707.10 Td (o access the ) Tj ET Q q 0 0 0 rg BT 446.94 707.10 Td (W) Tj ET Q q 0 0 0 rg BT 457.30 707.10 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 50 691.100390625 m 179.09375 691.100390625 l s q 0 0 0 rg BT 50.00 692.70 Td (www) Tj ET Q q 0 0 0 rg BT 75.22 692.70 Td (.disney) Tj ET Q q 0 0 0 rg BT 108.77 692.70 Td (.com/investors) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 179.09 692.70 Td (. ) Tj ET Q q 0 0 0 rg BT 184.88 692.70 Td (The discussion will be available via replay through February 17, 2015 at 7:00 ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 678.30 Td (PM EST/4:00 PM PST) Tj ET Q q 0 0 0 rg BT 159.48 678.30 Td (.) 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Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.60 497.70 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 travel and leisure businesses generally and may) Tj ET Q q 0 0 0 rg BT 451.54 474.30 Td (, among other things, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 459.90 Td (af) Tj ET Q q 0 0 0 rg BT 59.11 459.90 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 (?) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.45 668.57 Td (December 27,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 658.57 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.45 668.57 Td (December 28,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.50 658.57 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 644.02 Td (Revenues:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 629.02 Td (Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 629.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.15 629.02 Td (10,727) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 629.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 629.02 Td (9,857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 614.02 Td (Products) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 614.02 Td (2,664) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 614.02 Td (2,452) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 599.02 Td (Total revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.15 599.02 Td (13,391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 599.02 Td (12,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 584.02 Td (Costs and expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 569.02 Td (Cost of services \(exclusive of depreciation and amortization\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.80 569.07 Td (\(6,134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 569.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 569.07 Td (\(5,614) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 569.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 554.02 Td (Cost of products \(exclusive of depreciation and amortization\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.80 554.07 Td (\(1,522) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 554.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 554.07 Td (\(1,451) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 554.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 539.02 Td (Selling, general, administrative and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.80 539.07 Td (\(1,935) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 539.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 539.07 Td (\(2,018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 539.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 524.02 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.30 524.07 Td (\(592) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 524.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.30 524.07 Td (\(561) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 524.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 509.02 Td (Total costs and expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.80 509.07 Td (\(10,183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 509.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 509.07 Td (\(9,644) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 509.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 494.02 Td (Restructuring and impairment charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 494.02 Td (? Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 494.07 Td (\(19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 494.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 479.02 Td (Other income, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 479.02 Td (? Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 479.02 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 464.02 Td (Interest income/\(expense\), net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.30 464.07 Td (\(58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 464.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 464.02 Td (49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 449.02 Td (Equity in the income of investees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 449.02 Td (212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.65 449.02 Td (239) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 434.02 Td (Income before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 434.02 Td (3,362) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 434.02 Td (2,940) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 419.02 Td (Income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.80 419.07 Td (\(1,118) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 419.02 Td (\)) Tj ET Q BT 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Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 374.02 Td (1,840) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 343.02 Td (Earnings per share attributable to Disney:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 328.02 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 328.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 328.02 Td (1.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 328.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 328.02 Td (1.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 304.02 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 304.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 304.02 Td (1.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 304.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 304.02 Td (1.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 274.02 Td (Weighted average number of common and common equivalent shares outstanding:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 259.02 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 259.02 Td (1,717) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 259.02 Td (1,784) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 235.02 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 235.02 Td (1,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 235.02 Td (1,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 205.02 Td (Dividends declared per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 205.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 205.02 Td (1.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 205.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 205.02 Td (0.86) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (12) 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 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 416 683.7 m 481 683.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 683.7 m 560 683.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 579.7 m 481 579.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 579.7 m 560 579.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 579.7 m 560 579.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 501.70000000000005 m 481 501.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 501.70000000000005 m 560 501.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 462.70000000000005 m 481 462.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 462.70000000000005 m 560 462.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 410.70000000000005 m 481 410.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 410.70000000000005 m 560 410.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 398.70000000000005 m 481 398.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 396.70000000000005 m 481 396.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 398.70000000000005 m 560 398.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 396.70000000000005 m 560 396.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 319.70000000000005 m 481 319.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 319.70000000000005 m 560 319.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 155.70000000000005 m 481 155.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 155.70000000000005 m 560 155.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 117.70000000000005 m 481 117.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 117.70000000000005 m 560 117.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 91.70000000000005 m 481 91.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 91.70000000000005 m 560 91.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 78.70000000000005 m 481 78.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 78.70000000000005 m 560 78.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 66.70000000000005 m 481 66.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 64.70000000000005 m 481 64.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 66.70000000000005 m 560 66.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 64.70000000000005 m 560 64.70000000000005 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.95 695.27 Td (December 27,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 685.32 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.10 695.27 Td (September 27,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.00 685.32 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.50 674.26 Td (ASSETS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.50 661.27 Td (Current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 648.27 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.50 648.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 648.27 Td (5,077) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.50 648.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.65 648.27 Td (3,421) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 635.27 Td (Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 635.27 Td (8,591) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.65 635.27 Td (7,822) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 622.27 Td (Inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 622.27 Td (1,476) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.65 622.27 Td (1,574) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 609.27 Td (Television costs and advances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 609.27 Td (712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.65 609.27 Td (1,061) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 596.27 Td (Deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 596.27 Td (452) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 596.27 Td (497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 583.27 Td (Other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 583.27 Td (932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 583.27 Td (801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.50 570.27 Td (Total current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 570.27 Td (17,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.65 570.27 Td (15,176) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.50 557.27 Td (Film and television costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 557.27 Td (5,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.65 557.27 Td (5,325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.50 544.27 Td (Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 544.27 Td (2,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.65 544.27 Td (2,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.50 531.27 Td (Parks, resorts and other property) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 518.27 Td (Attractions, buildings and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 518.27 Td (42,324) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.65 518.27 Td (42,263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 505.27 Td (Accumulated depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.30 505.32 Td (\(24,045) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 505.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.30 505.32 Td (\(23,722) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 505.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 492.27 Td (18,279) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.65 492.27 Td (18,541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 479.27 Td (Projects in progress) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 479.27 Td (4,148) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.65 479.27 Td (3,553) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 466.27 Td (Land) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 466.27 Td (1,233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.65 466.27 Td (1,238) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 453.27 Td (23,660) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.65 453.27 Td (23,332) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.50 440.27 Td (Intangible assets, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 440.27 Td (7,369) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.65 440.27 Td (7,434) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.50 427.27 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 427.27 Td (27,849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.65 427.27 Td (27,881) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.50 414.27 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 414.27 Td (2,603) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.65 414.27 Td (2,342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.50 401.27 Td (Total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.50 401.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 401.27 Td (87,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.50 401.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.65 401.27 Td (84,186) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.50 375.26 Td (LIABILITIES AND EQUITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.50 362.27 Td (Current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 349.27 Td (Accounts payable and other accrued liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.50 349.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 349.27 Td (9,069) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.50 349.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.65 349.27 Td (7,595) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 336.27 Td (Current portion of borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 336.27 Td (4,376) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.65 336.27 Td (2,164) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 323.27 Td (Unearned royalties and other advances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 323.27 Td (3,359) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.65 323.27 Td (3,533) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.50 310.27 Td (Total current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 310.27 Td (16,804) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.65 310.27 Td (13,292) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.50 284.27 Td (Borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 284.27 Td (12,167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.65 284.27 Td (12,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.50 271.27 Td (Deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 271.27 Td (4,414) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.65 271.27 Td (4,098) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.50 258.27 Td (Other long-term liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 258.27 Td (5,857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.65 258.27 Td (5,942) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.50 245.27 Td (Commitments and contingencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.50 232.27 Td (Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 219.27 Td (Preferred stock, $.01 par value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 209.32 Td ( Authorized ?100million shares, Issued ?none) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 211.37 Td (? Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 211.37 Td (? Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 197.27 Td (Common stock, $.01 par value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 187.27 Td ( Authorized ?4.6 billion shares, Issued ?2.8 billion shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 186.37 Td (34,488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.65 186.37 Td (34,301) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 172.27 Td (Retained earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 172.27 Td (53,969) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.65 172.27 Td (53,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 159.27 Td (Accumulated other comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 159.32 Td (\(1,880) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 159.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.30 159.32 Td (\(1,968) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 159.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 146.27 Td (86,577) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.65 146.27 Td (86,067) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 133.27 Td (Treasury stock, at cost, 1.1 billion shares at December 27, 2014 and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 123.27 Td ( September 27, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.30 122.42 Td (\(42,412) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 122.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.30 122.42 Td (\(41,109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 122.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.50 108.27 Td (Total Disney Shareholders' equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 108.27 Td (44,165) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.65 108.27 Td (44,958) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 95.27 Td (Noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 95.27 Td (3,628) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.65 95.27 Td (3,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.50 82.27 Td (Total equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 82.27 Td (47,793) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.65 82.27 Td (48,178) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.50 69.27 Td (Total liabilities and equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.50 69.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 69.27 Td (87,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.50 69.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.65 69.27 Td (84,186) 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 (? Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 678.9 m 481 678.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 678.9 m 495 678.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 678.9 m 560 678.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 678.9 m 481 678.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 653.9 m 481 653.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 678.9 m 560 678.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 653.9 m 560 653.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 429.9 m 481 429.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 429.9 m 560 429.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 415.9 m 481 415.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 429.9 m 560 429.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 415.9 m 560 415.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 345.9 m 481 345.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 345.9 m 560 345.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 331.9 m 481 331.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 331.9 m 560 331.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 219.89999999999998 m 481 219.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 219.89999999999998 m 560 219.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 205.89999999999998 m 481 205.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 205.89999999999998 m 560 205.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 177.89999999999998 m 481 177.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 177.89999999999998 m 560 177.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 135.89999999999998 m 481 135.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 135.89999999999998 m 560 135.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 122.89999999999998 m 481 122.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 120.89999999999998 m 481 120.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 122.89999999999998 m 560 122.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 120.89999999999998 m 560 120.89999999999998 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.50 683.15 Td (? Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.20 683.57 Td (Quarter Ended) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.50 658.15 Td (? 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