%PDF-1.5 1 0 obj <> endobj 3 0 obj <> endobj 4 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 303.50 31.60 Td (1) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 499.95 740.90 Td (Exhibit 99.1) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 717.50 Td (FOR IMMEDIA) Tj ET Q q 0 0 0 rg BT 129.01 717.50 Td (TE RELEASE) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 698.10 Td (February?, 2016) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 132.32 698.10 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 189.15 669.70 Td (THE ) Tj ET Q q 0 0 0 rg BT 217.28 669.70 Td (W) Tj ET Q q 0 0 0 rg BT 227.94 669.70 Td (AL) Tj ET Q q 0 0 0 rg BT 243.51 669.70 Td (T) Tj ET Q q 0 0 0 rg BT 251.30 669.70 Td ( DISNEY) Tj ET Q q 0 0 0 rg BT 299.20 669.70 Td ( COMP) Tj ET Q q 0 0 0 rg BT 337.97 669.70 Td (ANY) Tj ET Q q 0 0 0 rg BT 363.52 669.70 Td ( REPOR) Tj ET Q q 0 0 0 rg BT 408.10 669.70 Td (TS ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 179.70 655.30 Td (RECORD QUAR) Tj ET Q q 0 0 0 rg BT 269.61 655.30 Td (TERL) Tj ET Q q 0 0 0 rg BT 301.19 655.30 Td (Y) Tj ET Q q 0 0 0 rg BT 309.41 655.30 Td ( EARNINGS FOR ) Tj ET Q q 0 0 0 rg BT 406.87 655.30 Td (THE) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.85 640.90 Td (FIRST) Tj ET Q q 0 0 0 rg BT 245.98 640.90 Td ( QUAR) Tj ET Q q 0 0 0 rg BT 283.89 640.90 Td (TER OF) Tj ET Q q 0 0 0 rg BT 327.78 640.90 Td ( FISCAL) Tj ET Q q 0 0 0 rg BT 374.13 640.90 Td ( 2016) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 612.10 Td (?) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 95.00 612.10 Td (Global success of ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 182.64 612.10 Td (Star W) Tj ET Q q 0 0 0 rg BT 214.54 612.10 Td (ars: The For) Tj ET Q q 0 0 0 rg BT 275.43 612.10 Td (ce ) Tj ET Q q 0 0 0 rg BT 288.87 612.10 Td (A) Tj ET Q q 0 0 0 rg BT 295.54 612.10 Td (wakens) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 330.86 612.10 Td ( drove record quarterly operating income at ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 95.00 597.70 Td (both Studio Entertainment and Consumer Products & Interactive Media, which grew at 86% and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 95.00 583.30 Td (23%, respectively) Tj ET Q q 0 0 0 rg BT 180.19 583.30 Td (.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 558.90 Td (?) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 95.00 558.90 Td (Strong domestic performance resulted in 22% operating income growth at Parks and Resorts.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 534.50 Td (?) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 95.00 534.50 Td (Underlying growth at Media Networks was more than of) Tj ET Q q 0 0 0 rg BT 367.38 534.50 Td (fset by the impact of the timing of ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 95.00 520.10 Td (College Football Playof) Tj ET Q q 0 0 0 rg BT 209.44 520.10 Td (f bowl games.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 490.70 Td (BURBANK, Calif. ?) Tj ET Q q 0 0 0 rg BT 177.45 490.70 Td (The ) Tj ET Q q 0 0 0 rg BT 198.89 490.70 Td (W) Tj ET Q q 0 0 0 rg BT 209.26 490.70 Td (alt Disney Company today reported record quarterly earnings of ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 520.16 490.70 Td ($2.9 ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 476.30 Td (billion) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 81.34 476.30 Td ( for its ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 115.67 476.30 Td (first) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 135.00 476.30 Td ( fiscal quarter ended ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 235.61 476.30 Td (January?, 2016) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 311.93 476.30 Td ( compared to $2.2 billion for the prior) Tj ET Q q 0 0 0 rg BT 493.65 476.30 Td (-year quarter) Tj ET Q q 0 0 0 rg BT 554.61 476.30 Td (. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 461.90 Td (Diluted earnings per share \(EPS\) for the quarter increased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 330.89 461.90 Td (36%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 352.89 461.90 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 368.22 461.90 Td ($1.73) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 395.22 461.90 Td ( from ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 424.55 461.90 Td ($1.27) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 451.55 461.90 Td ( in the prior) Tj ET Q q 0 0 0 rg BT 507.63 461.90 Td (-year ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 447.50 Td (quarter) Tj ET Q q 0 0 0 rg BT 83.32 447.50 Td (. Excluding certain items af) Tj ET Q q 0 0 0 rg BT 215.39 447.50 Td (fecting comparability) Tj ET Q BT /F1 12.00 Tf ET BT /F1 7.80 Tf ET q 0 0 0 rg BT 318.35 452.94 Td (\(1\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 327.44 447.50 Td (, EPS for the quarter increased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 477.05 447.50 Td (28%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 499.05 447.50 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 514.38 447.50 Td ($1.63) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 541.38 447.50 Td (.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 412.70 Td (Driven by the phenomenal success of Star ) Tj ET Q q 0 0 0 rg BT 282.55 412.70 Td (W) Tj ET Q q 0 0 0 rg BT 292.92 412.70 Td (ars, we delivered the highest quarterly earnings in the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 398.30 Td (history of our Company) Tj ET Q q 0 0 0 rg BT 164.21 398.30 Td (, marking our 10) Tj ET Q BT /F1 12.00 Tf ET BT /F1 7.80 Tf ET q 0 0 0 rg BT 244.20 403.74 Td (th) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 250.26 398.30 Td ( consecutive quarter of double-digit EPS growth,?said Robert ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 383.90 Td (A. Iger) Tj ET Q q 0 0 0 rg BT 83.50 383.90 Td (, Chairman and Chief Executive Of) Tj ET Q q 0 0 0 rg BT 253.23 383.90 Td (ficer) Tj ET Q q 0 0 0 rg BT 274.73 383.90 Td (, ) Tj ET Q q 0 0 0 rg BT 280.51 383.90 Td (The ) Tj ET Q q 0 0 0 rg BT 301.95 383.90 Td (W) Tj ET Q q 0 0 0 rg BT 312.32 383.90 Td (alt Disney Company) Tj ET Q q 0 0 0 rg BT 410.19 383.90 Td (. W) Tj ET Q q 0 0 0 rg BT 431.88 383.90 Td (ere very pleased with our ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 369.50 Td (results, which continue to validate our strategic focus and investments in brands and franchises to drive ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td (long-term growth across the entire Company) Tj ET Q q 0 0 0 rg BT 264.17 355.10 Td (.? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 320.30 Td (The following table summarizes the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 249.62 320.30 Td (first) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 268.95 320.30 Td ( quarter results for fiscal 2016 and 2015 \(in millions, except ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 305.90 Td (per share amounts\):? 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Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 371.80 284.53 Td (Quarter Ended) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 257.53 Td (? Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 344.35 268.32 Td (January 2,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 356.00 257.32 Td (2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 416.15 268.32 Td (December 27,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 436.00 257.32 Td (2014) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 510.15 257.32 Td (Change) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 240.58 Td (Revenues) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 335.00 239.53 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 359.00 239.53 Td (15,244) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 239.53 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 439.00 239.53 Td (13,391) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 525.00 239.53 Td (14) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 537.00 239.53 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 222.58 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 184.63 228.02 Td (\(2\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 335.00 222.58 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 365.00 222.58 Td (4,267) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 222.58 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 445.00 222.58 Td (3,545) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 525.00 222.58 Td (20) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 537.00 222.58 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 204.58 Td (Net income ) Tj ET Q BT /F1 12.00 Tf ET BT /F1 7.80 Tf ET q 0 0 0 rg BT 111.65 210.02 Td (\(3\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 335.00 203.53 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 365.00 203.53 Td (2,880) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 203.53 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 445.00 203.53 Td (2,182) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 525.00 203.53 Td (32) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 537.00 203.53 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 186.58 Td (Diluted EPS ) Tj ET Q BT /F1 12.00 Tf ET BT /F1 7.80 Tf ET q 0 0 0 rg BT 115.67 192.02 Td (\(3\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 335.00 185.53 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 371.00 185.53 Td (1.73) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 185.53 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 451.00 185.53 Td (1.27) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 525.00 185.53 Td (36) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 537.00 185.53 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 168.58 Td (Cash provided by operations) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 335.00 168.58 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 365.00 168.58 Td (2,362) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 168.58 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 445.00 168.58 Td (1,855) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 525.00 168.58 Td (27) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 537.00 168.58 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 150.58 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 126.64 156.02 Td (\(2\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 335.00 149.53 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 374.00 149.53 Td (956) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 149.53 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 454.00 149.53 Td (857) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 525.00 149.53 Td (12) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 537.00 149.53 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 50.00 125.43 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 120.90 Td (Items af) Tj ET Q q 0 0 0 rg BT 100.30 120.90 Td (fecting comparability during the quarter included the Company's share of a net gain recognized by ) Tj ET Q q 0 0 0 rg BT 495.59 120.90 Td (A&E ) Tj ET Q q 0 0 0 rg BT 519.02 120.90 Td (T) Tj ET Q q 0 0 0 rg BT 524.43 120.90 Td (elevision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 108.90 Td (Networks \(A&E\) in connection with an acquisition of an interest in ) Tj ET Q q 0 0 0 rg BT 339.70 108.90 Td (V) Tj ET Q q 0 0 0 rg BT 346.32 108.90 Td (ice Group Holding, Inc. \(V) Tj ET Q q 0 0 0 rg BT 454.03 108.90 Td (ice Gain\) \($332 million\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 96.90 Td (an investment impairment \($54 million\) and contract termination and severance costs \($27 million\) at our Media Networks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 84.90 Td (segment. See reconciliation of reported EPS to EPS excluding certain items af) Tj ET Q q 0 0 0 rg BT 380.51 84.90 Td (fecting comparability on page 8.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 77.43 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 72.90 Td (Segment operating income and free cash flow are non-GAAP) Tj ET Q q 0 0 0 rg BT 313.66 72.90 Td ( financial measures. See the discussion on page 7 and 8.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 65.43 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 60.90 Td (Reflects amounts attributable to shareholders of ) Tj ET Q q 0 0 0 rg BT 261.65 60.90 Td (The ) Tj ET Q q 0 0 0 rg BT 279.52 60.90 Td (W) Tj ET Q q 0 0 0 rg BT 288.16 60.90 Td (alt Disney Company) Tj ET Q q 0 0 0 rg BT 369.72 60.90 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 2016 and 2015 ) 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 332.5 668.2 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 412.5 668.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 668.2 m 482.5 668.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 643.2 m 402.5 643.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 643.2 m 482.5 643.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 643.2 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 332.5 565.2 m 402.5 565.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 552.2 m 402.5 552.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 550.2 m 402.5 550.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 565.2 m 482.5 565.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 552.2 m 482.5 552.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 550.2 m 482.5 550.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 462.2 m 402.5 462.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 449.2 m 402.5 449.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 447.2 m 402.5 447.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 462.2 m 482.5 462.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 449.2 m 482.5 449.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 447.2 m 482.5 447.2 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 371.80 671.38 Td (Quarter Ended) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 344.35 658.07 Td (January 2,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 356.00 647.07 Td (2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 416.15 658.07 Td (December 27,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 436.00 647.07 Td (2014) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 510.15 648.12 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 335.00 618.33 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 365.00 618.33 Td (6,332) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 618.33 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 445.00 618.33 Td (5,860) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 530.00 618.33 Td (8) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 618.33 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 365.00 602.33 Td (4,281) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 445.00 602.33 Td (3,910) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 530.00 602.33 Td (9) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 602.33 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 365.00 586.33 Td (2,721) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 445.00 586.33 Td (1,858) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 524.00 586.33 Td (46) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 586.33 Td (%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 570.38 Td (Consumer Products & Interactive Media) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 365.00 570.33 Td (1,910) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 445.00 570.33 Td (1,763) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 530.00 570.33 Td (8) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 570.33 Td (%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 335.00 554.38 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 359.00 554.38 Td (15,244) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 554.38 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 439.00 554.38 Td (13,391) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 524.00 554.38 Td (14) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 554.38 Td (%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 531.33 Td (Segment operating income:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 515.38 Td (Media Networks) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 335.00 515.33 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 365.00 515.33 Td (1,412) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 515.33 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 445.00 515.33 Td (1,495) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 526.00 515.33 Td (\(6) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 536.00 515.33 Td (\)%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 499.38 Td (Parks and Resorts) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 374.00 499.33 Td (981) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 454.00 499.33 Td (805) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 524.00 499.33 Td (22) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 499.33 Td (%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 483.38 Td (Studio Entertainment) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 365.00 483.33 Td (1,014) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 454.00 483.33 Td (544) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 524.00 483.33 Td (86) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 483.33 Td (%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 467.38 Td (Consumer Products & Interactive Media) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 374.00 467.33 Td (860) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 454.00 467.33 Td (701) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 524.00 467.33 Td (23) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 467.33 Td (%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 335.00 451.38 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 365.00 451.38 Td (4,267) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 451.38 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 445.00 451.38 Td (3,545) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 524.00 451.38 Td (20) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 451.38 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 50 389.2220703125 m 134.984375 389.2220703125 l s q 0 0 0 rg BT 50.00 391.10 Td (Media Networks) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 370.70 Td (Media Networks revenues for the quarter increased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 321.39 370.70 Td (8%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 337.39 370.70 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 352.72 370.70 Td ($6.3 billion) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 408.06 370.70 Td (, reflecting higher advertising ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 356.30 Td (and af) Tj ET Q q 0 0 0 rg BT 79.43 356.30 Td (filiate revenues, and segment operating income decreased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 359.31 356.30 Td (6%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 375.31 356.30 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 390.64 356.30 Td ($1.4 billion) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 445.98 356.30 Td (. ) Tj ET Q q 0 0 0 rg BT 451.31 356.30 Td (Advertising revenue ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 341.90 Td (growth was due to an increase in units sold and higher rates, partially of) Tj ET Q q 0 0 0 rg BT 395.02 341.90 Td (fset by lower ratings. ) Tj ET Q q 0 0 0 rg BT 498.67 341.90 Td (Af) Tj ET Q q 0 0 0 rg BT 511.12 341.90 Td (filiate ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 327.50 Td (revenue growth was due to contractual rate increases, partially of) Tj ET Q q 0 0 0 rg BT 362.32 327.50 Td (fset by a decline in subscribers and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (unfavorable foreign currency translation impacts.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 292.70 Td (The following table provides further detail of the Media Networks results \(in millions\):) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 267.20000000000005 m 402.5 267.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 267.20000000000005 m 412.5 267.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 267.20000000000005 m 482.5 267.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 267.20000000000005 m 402.5 267.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 240.20000000000005 m 402.5 240.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 267.20000000000005 m 412.5 267.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 240.20000000000005 m 412.5 240.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 267.20000000000005 m 482.5 267.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 240.20000000000005 m 482.5 240.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 240.20000000000005 m 562.5 240.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 198.20000000000005 m 402.5 198.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 198.20000000000005 m 482.5 198.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 185.20000000000005 m 402.5 185.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 183.20000000000005 m 402.5 183.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 185.20000000000005 m 482.5 185.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 183.20000000000005 m 482.5 183.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 140.20000000000005 m 402.5 140.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 140.20000000000005 m 482.5 140.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 127.20000000000005 m 402.5 127.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 125.20000000000005 m 402.5 125.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 127.20000000000005 m 482.5 127.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 125.20000000000005 m 482.5 125.20000000000005 l s BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 271.38 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 371.80 271.38 Td (Quarter Ended) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 245.33 Td (? Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 344.35 256.12 Td (January 2,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 356.00 245.12 Td (2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 416.15 256.12 Td (December 27,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 436.00 245.12 Td (2014) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 510.15 245.12 Td (Change) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 229.38 Td (Revenues:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 215.38 Td (Cable Networks) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 335.00 215.38 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 365.00 215.38 Td (4,521) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 215.38 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 445.00 215.38 Td (4,166) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 530.00 215.38 Td (9) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 215.38 Td (%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 201.38 Td (Broadcasting) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 365.00 201.38 Td (1,811) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 445.00 201.38 Td (1,694) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 530.00 201.38 Td (7) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 201.38 Td (%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 335.00 187.38 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 365.00 187.38 Td (6,332) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 187.38 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 445.00 187.38 Td (5,860) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 530.00 187.38 Td (8) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 187.38 Td (%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 173.38 Td (Segment operating income:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 157.38 Td (Cable Networks) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 335.00 157.38 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 365.00 157.38 Td (1,189) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 157.38 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 445.00 157.38 Td (1,255) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 526.00 157.38 Td (\(5) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 536.00 157.38 Td (\)%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 143.38 Td (Broadcasting) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 374.00 143.38 Td (223) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 454.00 143.38 Td (240) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 526.00 143.38 Td (\(7) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 536.00 143.38 Td (\)%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 335.00 129.38 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 365.00 129.38 Td (1,412) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 129.38 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 445.00 129.38 Td (1,495) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 526.00 129.38 Td (\(6) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 536.00 129.38 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 12.00 Tf ET q 0 0 0 rg BT 50.00 106.30 Td (Cable Networks) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 85.90 Td (Cable Networks revenues for the quarter increased 9% to $4.5 billion and operating income ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 71.50 Td (decreased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 100.30 71.50 Td (5%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 116.29 71.50 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 131.63 71.50 Td ($1.2 billion) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 186.96 71.50 Td ( due to a decrease at ESPN and lower equity income from ) Tj ET Q q 0 0 0 rg BT 466.88 71.50 Td (A&E, partially ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 57.10 Td (of) Tj ET Q q 0 0 0 rg BT 59.78 57.10 Td (fset by growth at the domestic Disney Channels. ) Tj ET Q endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (3) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 740.70 Td (The decrease at ESPN was due to higher programming costs, partially of) Tj ET Q q 0 0 0 rg BT 421.52 740.70 Td (fset by an increase in ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 726.30 Td (advertising and af) Tj ET Q q 0 0 0 rg BT 135.75 726.30 Td (filiate revenues. Results for the quarter were negatively impacted by the timing of our ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 711.90 Td (fiscal quarter end relative to when College Football Playof) Tj ET Q q 0 0 0 rg BT 331.03 711.90 Td (f \(CFP\) bowl games were played, which ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 697.50 Td (resulted in an increase in programming costs and advertising revenues. Six CFP) Tj ET Q q 0 0 0 rg BT 432.81 697.50 Td ( games were aired in the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 683.10 Td (current quarter that were aired in the second quarter of the prior year) Tj ET Q q 0 0 0 rg BT 378.51 683.10 Td (. Increased programming costs due to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 668.70 Td (the CFP) Tj ET Q q 0 0 0 rg BT 88.57 668.70 Td ( games as well as contractual rate increases for NFL) Tj ET Q q 0 0 0 rg BT 338.35 668.70 Td ( and college football programming were ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 654.30 Td (partially of) Tj ET Q q 0 0 0 rg BT 102.76 654.30 Td (fset by the absence of rights costs for NASCAR. Higher advertising revenue was due to an ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 639.90 Td (increase in units sold and higher rates, both of which benefited from the CFP) Tj ET Q q 0 0 0 rg BT 417.92 639.90 Td (. ) Tj ET Q q 0 0 0 rg BT 423.26 639.90 Td (Af) Tj ET Q q 0 0 0 rg BT 435.71 639.90 Td (filiate revenue growth ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 625.50 Td (was due to contractual rate increases, partially of) Tj ET Q q 0 0 0 rg BT 284.35 625.50 Td (fset by a decline in subscribers and unfavorable foreign ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 611.10 Td (currency translation impacts.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 590.70 Td (Lower equity income from ) Tj ET Q q 0 0 0 rg BT 203.80 590.70 Td (A&E was due to lower advertising revenue and higher programming ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 576.30 Td (costs.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 555.90 Td (The increase at the domestic Disney Channels was due to higher program sales in the current quarter ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 541.50 Td (and af) Tj ET Q q 0 0 0 rg BT 79.43 541.50 Td (filiate revenue growth, partially of) Tj ET Q q 0 0 0 rg BT 244.15 541.50 Td (fset by higher programming costs. Increased programming costs ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 527.10 Td (were driven by higher costs for original programming.) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 50.00 506.70 Td (Br) Tj ET Q q 0 0 0 rg BT 61.55 506.70 Td (oadcasting) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 486.30 Td (Broadcasting revenues for the quarter increased 7% to $1.8 billion and operating income decreased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 471.90 Td (7%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 66.00 471.90 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 81.33 471.90 Td ($223 million) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 143.00 471.90 Td ( due to higher programming costs and an increase in equity losses from Hulu, partially ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 457.50 Td (of) Tj ET Q q 0 0 0 rg BT 59.78 457.50 Td (fset by advertising and af) Tj ET Q q 0 0 0 rg BT 180.86 457.50 Td (filiate revenue growth and higher program sales. ) Tj ET Q q 0 0 0 rg BT 416.56 457.50 Td (The increase in programming ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 443.10 Td (costs was due to a higher average cost of new scripted programming and the costs of airing New ) Tj ET Q q 0 0 0 rg BT 515.42 443.10 Td (Y) Tj ET Q q 0 0 0 rg BT 522.88 443.10 Td (ear) Tj ET Q q 0 0 0 rg BT 537.97 443.10 Td (? Tj ET Q q 0 0 0 rg BT 541.31 443.10 Td (s ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 428.70 Td (Eve specials that aired in the second quarter of the prior year) Tj ET Q q 0 0 0 rg BT 340.88 428.70 Td (. Higher equity losses from Hulu were due to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 414.30 Td (increased programming and marketing costs driven by new content of) Tj ET Q q 0 0 0 rg BT 385.35 414.30 Td (ferings, partially of) Tj ET Q q 0 0 0 rg BT 477.44 414.30 Td (fset by higher ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 399.90 Td (subscription and advertising revenues. ) Tj ET Q q 0 0 0 rg BT 236.74 399.90 Td (The increase in broadcasting advertising revenue was due to higher ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 385.50 Td (units sold, higher rates and the airing of New ) Tj ET Q q 0 0 0 rg BT 268.84 385.50 Td (Y) Tj ET Q q 0 0 0 rg BT 276.30 385.50 Td (ear) Tj ET Q q 0 0 0 rg BT 291.39 385.50 Td (? Tj ET Q q 0 0 0 rg BT 294.73 385.50 Td (s Eve specials. ) Tj ET Q q 0 0 0 rg BT 367.82 385.50 Td (These increases were partially of) Tj ET Q q 0 0 0 rg BT 525.53 385.50 Td (fset by ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 371.10 Td (lower network ratings and a decrease in political advertising at the owned television stations. Higher ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 356.70 Td (programming sales were driven by the sale of ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 271.93 356.70 Td (Jessica Jones ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 339.90 356.70 Td (in the current quarter) Tj ET Q q 0 0 0 rg BT 440.19 356.70 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 50 311.6220703125 m 144.001953125 311.6220703125 l s q 0 0 0 rg BT 50.00 313.50 Td (Parks and Resorts) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 293.10 Td (Parks and Resorts revenues for the quarter increased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 327.07 293.10 Td (9%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 343.07 293.10 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 358.40 293.10 Td ($4.3 billion) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 413.74 293.10 Td ( and segment operating ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 278.70 Td (income increased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 136.63 278.70 Td (22%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 158.62 278.70 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 173.96 278.70 Td ($981 million) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 235.63 278.70 Td (. Operating income growth for the quarter was due to an increase at ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 264.30 Td (our domestic operations, partially of) Tj ET Q q 0 0 0 rg BT 224.07 264.30 Td (fset by a decrease at our international operations. Parks and Resorts ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 249.90 Td (operating results benefited from the timing of our fiscal quarter end relative to the New ) Tj ET Q q 0 0 0 rg BT 471.08 249.90 Td (Y) Tj ET Q q 0 0 0 rg BT 478.54 249.90 Td (ear) Tj ET Q q 0 0 0 rg BT 493.64 249.90 Td (? Tj ET Q q 0 0 0 rg BT 496.97 249.90 Td (s holiday) Tj ET Q q 0 0 0 rg BT 539.86 249.90 Td (. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 235.50 Td (The current quarter included one week of the holiday period that fell in the second quarter of the prior ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 221.10 Td (year) Tj ET Q q 0 0 0 rg BT 69.99 221.10 Td (.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 200.70 Td (Higher operating income at our domestic operations was due to guest spending and attendance ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 186.30 Td (growth, partially of) Tj ET Q q 0 0 0 rg BT 142.76 186.30 Td (fset by higher costs. ) Tj ET Q q 0 0 0 rg BT 241.53 186.30 Td (The increase in guest spending was due to higher average ticket ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 171.90 Td (prices at our theme parks and cruise line, increased food, beverage and merchandise spending and higher ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 157.50 Td (average hotel room rates. Cost increases were due to labor and other cost inflation, new guest of) Tj ET Q q 0 0 0 rg BT 510.96 157.50 Td (ferings, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 143.10 Td (higher depreciation associated with new attractions at ) Tj ET Q q 0 0 0 rg BT 310.02 143.10 Td (W) Tj ET Q q 0 0 0 rg BT 320.39 143.10 Td (alt Disney ) Tj ET Q q 0 0 0 rg BT 372.16 143.10 Td (W) Tj ET Q q 0 0 0 rg BT 382.53 143.10 Td (orld Resort and expenses incurred ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 128.70 Td (for the dry-dock of the ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 161.63 128.70 Td (Disney Dr) Tj ET Q q 0 0 0 rg BT 210.84 128.70 Td (eam) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 230.83 128.70 Td ( in the current quarter) Tj ET Q q 0 0 0 rg BT 334.12 128.70 Td (.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 108.30 Td (Lower operating income at our international operations was due to higher operating costs and lower ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 93.90 Td (attendance at Disneyland Paris as well as higher pre-opening expenses at Shanghai Disney Resort. Results ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 79.50 Td (at Disneyland Paris were impacted by the closure of the park for four days in November 2015.) 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 11.00 Tf ET q 0 0 0 rg BT 50.00 720.50 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 720.50 Td (Studio Entertainment revenues for the quarter increased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 343.40 720.50 Td (46%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 365.39 720.50 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 380.73 720.50 Td ($2.7 billion) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 436.06 720.50 Td ( and segment operating ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (income increased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 136.63 706.10 Td (86%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 158.62 706.10 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 173.96 706.10 Td ($1.0 billion) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 229.29 706.10 Td (. Higher operating income was due to an increase in theatrical ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 691.70 Td (distribution results, a higher revenue share with the Consumer Products & Interactive Media segment, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 677.30 Td (growth in ) Tj ET Q q 0 0 0 rg BT 99.11 677.30 Td (TV/SVOD distribution and increased home entertainment results. ) Tj ET Q q 0 0 0 rg BT 416.83 677.30 Td (These increases were partially ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 662.90 Td (of) Tj ET Q q 0 0 0 rg BT 59.78 662.90 Td (fset by the impact of foreign currency translation due to the strengthening of the U.S. dollar against ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 648.50 Td (major currencies. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.50 628.10 Td (The increase in theatrical distribution results and higher revenue share with the Consumer Products & ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 613.70 Td (Interactive Media segment were due to the strong performance of ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 367.20 613.70 Td (Star W) Tj ET Q q 0 0 0 rg BT 399.10 613.70 Td (ars: The For) Tj ET Q q 0 0 0 rg BT 459.99 613.70 Td (ce ) Tj ET Q q 0 0 0 rg BT 473.43 613.70 Td (A) Tj ET Q q 0 0 0 rg BT 480.10 613.70 Td (waken) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 510.75 613.70 Td (s in the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 599.30 Td (current quarter) Tj ET Q q 0 0 0 rg BT 120.29 599.30 Td (. Higher ) Tj ET Q q 0 0 0 rg BT 162.40 599.30 Td (TV/SVOD distribution results were driven by international growth and the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 584.90 Td (increase in home entertainment results was due to sales of Star ) Tj ET Q q 0 0 0 rg BT 353.36 584.90 Td (W) Tj ET Q q 0 0 0 rg BT 363.72 584.90 Td (ars Classic titles.) 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 50 539.8220703125 m 259.525390625 539.8220703125 l s q 0 0 0 rg BT 50.00 541.70 Td (Consumer) Tj ET Q q 0 0 0 rg BT 103.12 541.70 Td ( Pr) Tj ET Q q 0 0 0 rg BT 118.55 541.70 Td (oducts & Interactive Media) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 521.30 Td (Consumer Products & Interactive Media revenues for the quarter increased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 435.70 521.30 Td (8%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 451.70 521.30 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 467.03 521.30 Td ($1.9 billion) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 522.37 521.30 Td ( and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 506.90 Td (segment operating income increased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 227.93 506.90 Td (23%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 249.93 506.90 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 265.26 506.90 Td ($860 million) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 326.93 506.90 Td (. Higher operating income was due to growth at ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 492.50 Td (our Merchandise Licensing business and, to a lesser extent, at our Publishing and Games businesses, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (partially of) Tj ET Q q 0 0 0 rg BT 102.76 478.10 Td (fset by a decrease at our Retail business and the impact of foreign currency translation due to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 463.70 Td (the strengthening of the U.S. dollar against major currencies.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 86.00 443.30 Td (The increases at Merchandise Licensing and Publishing were due to higher licensing revenues ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 428.90 Td (from the performance of Star ) Tj ET Q q 0 0 0 rg BT 192.72 428.90 Td (W) Tj ET Q q 0 0 0 rg BT 203.09 428.90 Td (ars merchandise and the timing of minimum guarantee shortfall ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 414.50 Td (recognition at Merchandise Licensing. ) Tj ET Q q 0 0 0 rg BT 236.94 414.50 Td (At Games, growth was due to higher licensing revenue from the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (success of ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 101.98 400.10 Td (Star W) Tj ET Q q 0 0 0 rg BT 133.88 400.10 Td (ars: Battlefr) Tj ET Q q 0 0 0 rg BT 192.44 400.10 Td (ont) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 207.77 400.10 Td (, partially of) Tj ET Q q 0 0 0 rg BT 266.53 400.10 Td (fset by lower Disney Infinity results. ) Tj ET Q q 0 0 0 rg BT 445.29 400.10 Td (The decrease from ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 385.70 Td (Disney Infinity was due to higher inventory reserves and lower unit sales volume. ) Tj ET Q q 0 0 0 rg BT 445.69 385.70 Td (The decrease at Retail ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 371.30 Td (was due to lower comparable store sales and mar) Tj ET Q q 0 0 0 rg BT 285.03 371.30 Td (gins in Europe and North ) Tj ET Q q 0 0 0 rg BT 408.68 371.30 Td (America as well as at our ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 356.90 Td (online business in North ) Tj ET Q q 0 0 0 rg BT 169.33 356.90 Td (America, reflecting strong sales of merchandise based on ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 446.90 356.90 Td (Fr) Tj ET Q q 0 0 0 rg BT 458.45 356.90 Td (ozen) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 480.45 356.90 Td ( in the prior) Tj ET Q q 0 0 0 rg BT 536.53 356.90 Td (-year ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 342.50 Td (quarter) Tj ET Q q 0 0 0 rg BT 83.50 342.50 Td (, partially of) Tj ET Q q 0 0 0 rg BT 142.26 342.50 Td (fset by current quarter sales of Star ) Tj ET Q q 0 0 0 rg BT 312.98 342.50 Td (W) Tj ET Q q 0 0 0 rg BT 323.35 342.50 Td (ars merchandise.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 285.30 Td (OTHER FINANCIAL) Tj ET Q q 0 0 0 rg BT 163.68 285.30 Td ( INFORMA) Tj ET Q q 0 0 0 rg BT 224.45 285.30 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 50 254.6220703125 m 279.79296875 254.6220703125 l s q 0 0 0 rg BT 50.00 256.50 Td (Corporate and Unallocated Shar) Tj ET Q q 0 0 0 rg BT 217.45 256.50 Td (ed Expenses) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 236.10 Td (Corporate and unallocated shared expenses increased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 332.56 236.10 Td ($1) Tj ET Q q 0 0 0 rg BT 344.11 236.10 Td (1 million) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 387.78 236.10 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 403.12 236.10 Td ($136 million) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 464.79 236.10 Td ( in the current ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 221.70 Td (quarter primarily due to higher compensation costs.) 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 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 50 739.0220703125 m 160.4375 739.0220703125 l s q 0 0 0 rg BT 50.00 740.90 Td (Inter) Tj ET Q q 0 0 0 rg BT 75.78 740.90 Td (est Expense, net ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 720.50 Td (Interest expense, net) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 172.29 720.50 Td ( was as follows \(in millions\):) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 696 m 402.5 696 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 696 m 412.5 696 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 696 m 482.5 696 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 669 m 402.5 669 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 669 m 482.5 669 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 669 m 562.5 669 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 669 m 402.5 669 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 669 m 482.5 669 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 669 m 562.5 669 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 641 m 402.5 641 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 641 m 482.5 641 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 628 m 402.5 628 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 626 m 402.5 626 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 628 m 482.5 628 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 626 m 482.5 626 l s BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 699.18 Td () Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 371.80 699.18 Td (Quarter Ended) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 674.13 Td (? Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 344.35 684.92 Td (January 2,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 356.00 673.92 Td (2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 416.15 684.92 Td (December 27,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 436.00 673.92 Td (2014) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 510.15 673.92 Td (Change) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 658.18 Td (Interest expense) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 335.00 658.18 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 376.00 658.18 Td (\(66) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 392.00 658.18 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 658.18 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 456.00 658.18 Td (\(69) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 472.00 658.18 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 531.00 658.18 Td (4) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 537.00 658.18 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 644.18 Td (Interest and investment income) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 380.00 644.18 Td (42) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 460.00 644.18 Td (11) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 512.20 644.18 Td (>100) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 537.00 644.18 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 630.18 Td (Interest expense, net) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 335.00 630.18 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 376.00 630.18 Td (\(24) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 392.00 630.18 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 630.18 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 456.00 630.18 Td (\(58) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 472.00 630.18 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 525.00 630.18 Td (59) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 537.00 630.18 Td ( %) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 604.10 Td (The increase in interest and investment income for the quarter was due to gains on sales of ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 589.70 Td (investments. ) 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 50 558.4220703125 m 220.33203125 558.4220703125 l s q 0 0 0 rg BT 50.00 560.30 Td (Equity in the Income of Investees) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 539.90 Td (Equity in the income of investees was as follows \(in millions\):) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 515.4 m 402.5 515.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 515.4 m 412.5 515.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 515.4 m 482.5 515.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 488.4 m 562.5 488.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 488.4 m 402.5 488.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 488.4 m 482.5 488.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 488.4 m 562.5 488.4 l s BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 518.58 Td () Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 371.80 518.58 Td (Quarter Ended) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 493.53 Td (? Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 344.35 504.32 Td (January 2,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 356.00 493.32 Td (2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 416.15 504.32 Td (December 27,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 436.00 493.32 Td (2014) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 510.15 493.32 Td (Change) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 477.58 Td (Equity in the income of investees) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 335.00 477.53 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 374.00 477.53 Td (474) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 477.53 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 454.00 477.53 Td (212) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 509.20 477.53 Td (>100 %) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 449.50 Td (The increase in equity in the income of investees was driven by the ) Tj ET Q q 0 0 0 rg BT 399.35 449.50 Td (V) Tj ET Q q 0 0 0 rg BT 407.29 449.50 Td (ice Gain which totaled $332 ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 435.10 Td (million, partially of) Tj ET Q q 0 0 0 rg BT 143.43 435.10 Td (fset by lower operating results at Hulu and ) Tj ET Q q 0 0 0 rg BT 350.05 435.10 Td (A&E. ) Tj ET Q q 0 0 0 rg BT 381.17 435.10 Td (The ) Tj ET Q q 0 0 0 rg BT 402.61 435.10 Td (V) Tj ET Q q 0 0 0 rg BT 410.55 435.10 Td (ice Gain has been excluded ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 420.70 Td (from segment operating income.) 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 50 390.0220703125 m 119.673828125 390.0220703125 l s q 0 0 0 rg BT 50.00 391.90 Td (Income ) Tj ET Q q 0 0 0 rg BT 90.78 391.90 Td (T) Tj ET Q q 0 0 0 rg BT 97.68 391.90 Td (axes) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 371.50 Td (The ef) Tj ET Q q 0 0 0 rg BT 104.76 371.50 Td (fective income tax rate was as follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 346 m 402.5 346 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 346 m 412.5 346 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 346 m 482.5 346 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 346 m 402.5 346 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 319 m 402.5 319 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 346 m 412.5 346 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 346 m 482.5 346 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 319 m 482.5 319 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 319 m 540.5 319 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 540.5 319 m 562.5 319 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 319 m 402.5 319 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 319 m 482.5 319 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 319 m 540.5 319 l s BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 350.18 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 371.80 350.18 Td (QuarterEnded) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 324.13 Td (? Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 344.35 334.92 Td (January 2,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 356.00 323.92 Td (2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 416.15 334.92 Td (December 27,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 436.00 323.92 Td (2014) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 510.15 323.92 Td (Change) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 308.18 Td (Effective income tax rate) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 365.00 308.18 Td (33.2) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 386.00 308.18 Td (%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 445.00 308.18 Td (33.3) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 466.00 308.18 Td (%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 521.00 308.18 Td (0.1) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 543.00 308.18 Td (ppt) 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 50 274.82207031250005 m 174.55859375 274.82207031250005 l s q 0 0 0 rg BT 50.00 276.70 Td (Noncontr) Tj ET Q q 0 0 0 rg BT 98.45 276.70 Td (olling Inter) Tj ET Q q 0 0 0 rg BT 155.90 276.70 Td (ests) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 251.20000000000005 m 402.5 251.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 251.20000000000005 m 412.5 251.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 251.20000000000005 m 482.5 251.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 226.20000000000005 m 402.5 226.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 226.20000000000005 m 482.5 226.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 226.20000000000005 m 562.5 226.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 226.20000000000005 m 402.5 226.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 226.20000000000005 m 482.5 226.20000000000005 l s BT /F1 12.00 Tf ET q 0 0 0 rg BT 371.80 255.38 Td (Quarter Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 230.87 Td (\(in millions\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 344.35 241.07 Td (January 2,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 356.00 230.07 Td (2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 416.15 241.07 Td (December 27,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 436.00 230.07 Td (2014) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 510.15 231.12 Td (Change) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 215.33 Td (Net income attributable to noncontrolling interests) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 335.00 215.33 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 380.00 215.33 Td (30) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 215.33 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 460.00 215.33 Td (62) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 525.00 215.33 Td (52) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 537.00 215.33 Td ( %) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 187.30 Td (The decrease in net income attributable to noncontrolling interests for the quarter was due to lower ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 172.90 Td (results at Disneyland Paris and higher pre-opening expenses at Shanghai Disney Resort.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 149.50 Td (Net income attributable to noncontrolling interests is determined on income after royalties and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 135.10 Td (management fees, financing costs and income taxes.) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (6) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 50 739.0220703125 m 104.33984375 739.0220703125 l s q 0 0 0 rg BT 50.00 740.90 Td (Cash Flow) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 720.50 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 50.00 706.10 Td (? Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 680.6 m 402.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 680.6 m 412.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 680.6 m 482.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 680.6 m 402.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 653.6 m 402.5 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 680.6 m 412.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 680.6 m 482.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 653.6 m 482.5 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 653.6 m 562.5 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 653.6 m 402.5 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 653.6 m 482.5 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 623.6 m 402.5 623.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 623.6 m 482.5 623.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 623.6 m 562.5 623.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 608.6 m 402.5 608.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 606.6 m 402.5 606.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 608.6 m 482.5 608.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 606.6 m 482.5 606.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 608.6 m 562.5 608.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 606.6 m 562.5 606.6 l s BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 684.78 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 371.80 684.78 Td (Quarter Ended) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 658.73 Td (? Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 344.35 669.52 Td (January 2,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 356.00 658.52 Td (2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 416.15 669.52 Td (December 27,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 436.00 658.52 Td (2014) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 510.15 658.52 Td (Change) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 642.78 Td (Cash provided by operations) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 335.00 642.78 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 365.00 642.78 Td (2,362) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 642.78 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 445.00 642.78 Td (1,855) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 495.00 642.78 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 534.00 642.78 Td (507) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 627.78 Td (Investments in parks, resorts and other property) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 361.00 627.78 Td (\(1,406) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 392.00 627.78 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 450.00 627.78 Td (\(998) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 472.00 627.78 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 530.00 627.78 Td (\(408) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 552.00 627.78 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 612.73 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 126.64 618.17 Td (\(1\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 335.00 612.73 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 374.00 612.73 Td (956) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 612.73 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 454.00 612.73 Td (857) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 495.00 612.73 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 612.73 Td (99) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 596.10 Td (? Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 62.45 588.63 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 584.10 Td (Free cash flow is not a financial measure defined by GAAP) Tj ET Q q 0 0 0 rg BT 317.60 584.10 Td (. See the discussion of non-GAAP) Tj ET Q q 0 0 0 rg BT 454.44 584.10 Td ( financial measures that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 572.10 Td (follows.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 545.70 Td (Cash provided by operations for the first quarter of fiscal 2016 increased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 424.39 545.70 Td (27%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 446.39 545.70 Td ( or ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 462.38 545.70 Td ($0.5 billion) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 517.72 545.70 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 533.05 545.70 Td ($2.4 ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 531.30 Td (billion) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 81.34 531.30 Td ( compared to the first quarter of fiscal 2015. ) Tj ET Q q 0 0 0 rg BT 295.71 531.30 Td (The increase in cash provided by operations reflected ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 516.90 Td (higher segment operating results, partially of) Tj ET Q q 0 0 0 rg BT 265.06 516.90 Td (fset by an increase in receivables at Studio Entertainment ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 502.50 Td (driven by revenue from ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 165.96 502.50 Td (Star W) Tj ET Q q 0 0 0 rg BT 197.86 502.50 Td (ars: The For) Tj ET Q q 0 0 0 rg BT 258.75 502.50 Td (ce ) Tj ET Q q 0 0 0 rg BT 272.18 502.50 Td (A) Tj ET Q q 0 0 0 rg BT 278.85 502.50 Td (wakens) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 314.18 502.50 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 50 462.8220703125 m 296.251953125 462.8220703125 l s q 0 0 0 rg BT 50.00 464.70 Td (Capital Expenditur) Tj ET Q q 0 0 0 rg BT 149.47 464.70 Td (es and Depr) Tj ET Q q 0 0 0 rg BT 210.59 464.70 Td (eciation Expense) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 444.30 Td (Investments in parks, resorts and other property were as follows \(in millions\):) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 418.79999999999995 m 482.5 418.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 418.79999999999995 m 492.5 418.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 418.79999999999995 m 562.5 418.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 418.79999999999995 m 482.5 418.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 391.79999999999995 m 482.5 391.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 418.79999999999995 m 492.5 418.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 418.79999999999995 m 562.5 418.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 391.79999999999995 m 562.5 391.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 346.79999999999995 m 482.5 346.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 346.79999999999995 m 562.5 346.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 331.79999999999995 m 482.5 331.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 331.79999999999995 m 562.5 331.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 286.79999999999995 m 482.5 286.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 286.79999999999995 m 562.5 286.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 271.79999999999995 m 482.5 271.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 271.79999999999995 m 562.5 271.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 271.79999999999995 m 482.5 271.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 271.79999999999995 m 562.5 271.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 226.79999999999995 m 482.5 226.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 212.79999999999995 m 482.5 212.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 210.79999999999995 m 482.5 210.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 226.79999999999995 m 562.5 226.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 212.79999999999995 m 562.5 212.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 210.79999999999995 m 562.5 210.79999999999995 l s BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 422.98 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 451.80 422.98 Td (Quarter Ended) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 396.93 Td (? Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 424.35 407.72 Td (January 2,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 436.00 396.72 Td (2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 496.15 407.72 Td (December 27,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 516.00 396.72 Td (2014) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 380.98 Td (Media Networks) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 365.98 Td (Cable Networks) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 365.98 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 460.00 365.98 Td (27) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 495.00 365.98 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 365.98 Td (15) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 350.98 Td (Broadcasting) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 460.00 350.98 Td (30) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 546.00 350.98 Td (7) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 89.00 335.98 Td (Total Media Networks) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 460.00 335.98 Td (57) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 335.98 Td (22) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 320.98 Td (Parks and Resorts) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 305.98 Td (Domestic) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 454.00 305.98 Td (627) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 534.00 305.98 Td (239) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 71.00 290.98 Td (International) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 454.00 290.98 Td (607) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 534.00 290.98 Td (638) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 89.00 275.98 Td (Total Parks and Resorts) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 445.00 275.98 Td (1,234) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 534.00 275.98 Td (877) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 260.98 Td (Studio Entertainment) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 460.00 260.98 Td (27) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 260.98 Td (24) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 245.98 Td (Consumer Products & Interactive Media) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 460.00 245.98 Td (13) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 546.00 245.98 Td (5) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 230.98 Td (Corporate) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 460.00 230.98 Td (75) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 230.98 Td (70) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 215.98 Td (Total investments in parks, resorts and other property) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 215.98 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 445.00 215.98 Td (1,406) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 495.00 215.98 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 534.00 215.98 Td (998) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 188.90 Td (Capital expenditures increased from ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 250.60 188.90 Td ($1.0 billion) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 305.94 188.90 Td ( to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 321.27 188.90 Td ($1.4 billion) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 376.61 188.90 Td ( primarily due to higher construction ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 174.50 Td (spending for new attractions at ) Tj ET Q q 0 0 0 rg BT 200.74 174.50 Td (W) Tj ET Q q 0 0 0 rg BT 211.10 174.50 Td (alt Disney ) Tj ET Q q 0 0 0 rg BT 262.88 174.50 Td (W) Tj ET Q q 0 0 0 rg BT 273.24 174.50 Td (orld Resort, Disneyland Resort and Hong Kong Disneyland ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (Resort, partially of) Tj ET Q q 0 0 0 rg BT 140.09 160.10 Td (fset by lower construction spending 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 412.5 686.4 m 482.5 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 686.4 m 492.5 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 686.4 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 412.5 659.4 m 482.5 659.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 659.4 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 412.5 617.4 m 482.5 617.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 617.4 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 412.5 603.4 m 482.5 603.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 603.4 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 412.5 561.4 m 482.5 561.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 561.4 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 412.5 547.4 m 482.5 547.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 547.4 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 412.5 547.4 m 482.5 547.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 547.4 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 412.5 505.4 m 482.5 505.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 492.4 m 482.5 492.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 490.4 m 482.5 490.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 505.4 m 562.5 505.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 492.4 m 562.5 492.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 490.4 m 562.5 490.4 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 451.80 690.58 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 424.35 675.32 Td (January 2,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 436.00 664.32 Td (2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 496.15 675.32 Td (December 27,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 516.00 664.32 Td (2014) 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 415.00 634.58 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 460.00 634.58 Td (37) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 495.00 634.58 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 634.58 Td (37) 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 460.00 620.58 Td (21) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 620.58 Td (21) 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 460.00 606.58 Td (58) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 606.58 Td (58) 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 454.00 578.58 Td (318) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 534.00 578.58 Td (297) 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 460.00 564.58 Td (84) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 564.58 Td (89) 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 454.00 550.58 Td (402) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 534.00 550.58 Td (386) 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 460.00 536.58 Td (13) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 536.58 Td (14) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 522.58 Td (Consumer Products & Interactive Media) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 460.00 522.58 Td (14) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 522.58 Td (16) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 508.58 Td (Corporate) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 460.00 508.58 Td (63) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 508.58 Td (61) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 494.58 Td (Total depreciation expense) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 494.58 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 454.00 494.58 Td (550) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 495.00 494.58 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 534.00 494.58 Td (535) 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 50 447.2220703125 m 211.77734375 447.2220703125 l s q 0 0 0 rg BT 50.00 449.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 108.67 449.10 Td ( Financial Measur) Tj ET Q q 0 0 0 rg BT 201.78 449.10 Td (es) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 428.70 Td (This earnings release presents EPS excluding the impact of certain items af) Tj ET Q q 0 0 0 rg BT 434.67 428.70 Td (fecting comparability) Tj ET Q q 0 0 0 rg BT 536.85 428.70 Td (, free ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 414.30 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 50.00 399.90 Td (Company) Tj ET Q q 0 0 0 rg BT 95.88 399.90 Td (, but are not financial measures defined by GAAP) Tj ET Q q 0 0 0 rg BT 334.15 399.90 Td (.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 379.50 Td (These measures should be reviewed in conjunction with the relevant GAAP) Tj ET Q q 0 0 0 rg BT 437.46 379.50 Td ( financial measures and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 365.10 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 50.00 350.70 Td (with GAAP) Tj ET Q q 0 0 0 rg BT 105.68 350.70 Td (. EPS excluding certain items af) Tj ET Q q 0 0 0 rg BT 259.42 350.70 Td (fecting comparability) Tj ET Q q 0 0 0 rg BT 361.60 350.70 Td (, free cash flow and aggregate segment ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 336.30 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 50.00 321.90 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 50 296.900390625 m 300.705078125 296.900390625 l s q 0 0 0 rg BT 50.00 298.50 Td (EPS excluding certain items af) Tj ET Q q 0 0 0 rg BT 197.74 298.50 Td (fecting comparability) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.71 298.50 Td ( ?) Tj ET Q q 0 0 0 rg BT 312.49 298.50 Td (The Company uses EPS excluding certain items to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 284.10 Td (evaluate the performance of the Company? Tj ET Q q 0 0 0 rg BT 254.91 284.10 Td (s operations exclusive of certain items af) Tj ET Q q 0 0 0 rg BT 450.63 284.10 Td (fecting comparability ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 269.70 Td (of results from period to period. ) Tj ET Q q 0 0 0 rg BT 206.08 269.70 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 50.00 255.30 Td (items is useful to investors, particularly where the impact of the excluded items is significant in relation to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 240.90 Td (reported earnings, because the measure allows for comparability between periods of the operating ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 226.50 Td (performance of the Company? Tj ET Q q 0 0 0 rg BT 194.28 226.50 Td (s business and allows investors to evaluate the impact of the excluded items ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 212.10 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 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 715.2 m 402.5 715.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 715.2 m 412.5 715.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 715.2 m 482.5 715.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 715.2 m 402.5 715.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 689.2 m 402.5 689.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 715.2 m 412.5 715.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 715.2 m 482.5 715.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 689.2 m 482.5 689.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 689.2 m 562.5 689.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 689.2 m 402.5 689.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 689.2 m 482.5 689.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 628.2 m 402.5 628.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 628.2 m 482.5 628.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 628.2 m 402.5 628.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 614.2 m 402.5 614.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 612.2 m 402.5 612.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 614.2 m 482.5 614.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 612.2 m 482.5 612.2 l s BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 719.38 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 371.80 719.38 Td (QuarterEnded) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 694.33 Td (? Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 344.35 705.07 Td (January 2,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 356.00 694.07 Td (2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 416.15 705.07 Td (December 27,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 436.00 694.07 Td (2014) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 510.15 694.12 Td (Change) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 678.38 Td (EPS as reported) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 335.00 678.38 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 371.00 678.38 Td (1.73) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 678.38 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 451.00 678.38 Td (1.27) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 525.00 678.38 Td (36) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 537.00 678.38 Td ( %) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 663.38 Td (Exclude:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 62.00 648.33 Td (Vice Gain) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 367.00 648.33 Td (\(0.13) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 392.00 648.33 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 460.00 648.33 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 525.65 648.33 Td (nm) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 62.00 632.38 Td (Restructuring and impairment char) Tj ET Q q 0 0 0 rg BT 229.40 632.38 Td (ges) Tj ET Q BT /F1 12.00 Tf ET BT /F1 7.80 Tf ET q 0 0 0 rg BT 245.39 637.82 Td (\(1\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 371.00 632.38 Td (0.03) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 460.00 632.38 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 525.65 632.38 Td (nm) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 617.38 Td (EPS excluding certain items af) Tj ET Q q 0 0 0 rg BT 200.74 617.38 Td (fecting comparability) Tj ET Q BT /F1 12.00 Tf ET BT /F1 7.80 Tf ET q 0 0 0 rg BT 303.71 622.82 Td (\(2\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 335.00 617.38 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 371.00 617.38 Td (1.63) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 617.38 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 451.00 617.38 Td (1.27) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 525.00 617.38 Td (28) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 537.00 617.38 Td ( %) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 599.30 Td (? Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 59.00 591.83 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.58 587.30 Td ( ) Tj ET Q q 0 0 0 rg BT 77.00 587.30 Td (Char) Tj ET Q q 0 0 0 rg BT 96.26 587.30 Td (ges for the quarter totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.49 587.30 Td ($81 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.88 587.30 Td ( \(pre-tax\), driven by an investment impairment \($54 million pre-tax\) and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 575.30 Td (contract termination and severance costs \($27 million pre-tax\) at our Media Networks segment.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 59.00 567.83 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.58 563.30 Td ( ) Tj ET Q q 0 0 0 rg BT 77.00 563.30 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 50 538.300390625 m 120.640625 538.300390625 l s q 0 0 0 rg BT 50.00 539.90 Td (Free cash flow) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 120.64 539.90 Td ( ?) Tj ET Q q 0 0 0 rg BT 132.42 539.90 Td (The Company uses free cash flow \(cash provided by operations less investments in ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 525.50 Td (parks, resorts and other property\), among other measures, to evaluate the ability of its operations to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 511.10 Td (generate cash that is available for purposes other than capital expenditures. Management believes that ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 496.70 Td (information about free cash flow provides investors with an important perspective on the cash available to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 482.30 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 50 457.300390625 m 229.6015625 457.300390625 l s q 0 0 0 rg BT 50.00 458.90 Td (Aggregate segment operating income) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 229.60 458.90 Td ( ?) Tj ET Q q 0 0 0 rg BT 241.38 458.90 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 50.00 444.50 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 50.00 430.10 Td (measure of the performance of operating businesses separate from non-operating factors. ) Tj ET Q q 0 0 0 rg BT 479.62 430.10 Td (The Company ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 415.70 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 50.00 401.30 Td (evaluate changes in the operating results of the Company? Tj ET Q q 0 0 0 rg BT 327.92 401.30 Td (s portfolio of businesses separate from non-) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 386.90 Td (operational factors that af) Tj ET Q q 0 0 0 rg BT 172.72 386.90 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 50.00 372.50 Td (other factors that af) Tj ET Q q 0 0 0 rg BT 143.40 372.50 Td (fect reported results. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.50 349.10 Td (A) Tj ET Q q 0 0 0 rg BT 80.50 349.10 Td ( reconciliation of segment operating income to net income is as follows \(in millions\):) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 323.6 m 482.5 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 323.6 m 492.5 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 323.6 m 562.5 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 323.6 m 482.5 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 296.6 m 482.5 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 323.6 m 492.5 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 323.6 m 562.5 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 296.6 m 562.5 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 296.6 m 482.5 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 296.6 m 562.5 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 226.60000000000002 m 482.5 226.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 226.60000000000002 m 562.5 226.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 198.60000000000002 m 482.5 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 198.60000000000002 m 562.5 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 185.60000000000002 m 482.5 185.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 183.60000000000002 m 482.5 183.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 185.60000000000002 m 562.5 185.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 183.60000000000002 m 562.5 183.60000000000002 l s BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 327.78 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 451.80 327.78 Td (Quarter Ended) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 301.73 Td (? Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 424.35 312.52 Td (January 2,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 436.00 301.52 Td (2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 496.15 312.52 Td (December 27,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 516.00 301.52 Td (2014) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 285.78 Td (Segment operating income) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 285.78 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 445.00 285.78 Td (4,267) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 495.00 285.78 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 525.00 285.78 Td (3,545) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 271.78 Td (Corporate and unallocated shared expenses) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 450.00 271.78 Td (\(136) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 472.00 271.78 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 530.00 271.78 Td (\(125) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 552.00 271.78 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 257.78 Td (Restructuring and impairment charges) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 456.00 257.78 Td (\(81) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 472.00 257.78 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 257.78 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 243.78 Td (Interest expense, net) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 456.00 243.78 Td (\(24) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 472.00 243.78 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 536.00 243.78 Td (\(58) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 552.00 243.78 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 229.78 Td (Vice Gain) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 454.00 229.78 Td (332) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 540.00 229.78 Td (? Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 215.78 Td (Income before income taxes) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 445.00 215.78 Td (4,358) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 525.00 215.78 Td (3,362) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 201.78 Td (Income taxes) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 441.00 201.78 Td (\(1,448) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 472.00 201.78 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 521.00 201.78 Td (\(1,118) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 552.00 201.78 Td (\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 53.00 187.78 Td (Net income) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.00 187.78 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 445.00 187.78 Td (2,910) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 495.00 187.78 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 525.00 187.78 Td (2,244) Tj ET Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 156.70 Td (CONFERENCE CALL) Tj ET Q q 0 0 0 rg BT 169.68 156.70 Td ( INFORMA) Tj ET Q q 0 0 0 rg BT 230.45 156.70 Td (TION) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 137.30 Td (In conjunction with this release, ) Tj ET Q q 0 0 0 rg BT 230.41 137.30 Td (The ) Tj ET Q q 0 0 0 rg BT 251.85 137.30 Td (W) Tj ET Q q 0 0 0 rg BT 262.21 137.30 Td (alt Disney Company will host a conference call today) Tj ET Q q 0 0 0 rg BT 518.69 137.30 Td (, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 122.90 Td (February?, 2016) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 132.32 122.90 Td (, at 5:00 PM EST/2:00 PM PST) Tj ET Q q 0 0 0 rg BT 284.46 122.90 Td ( via a live ) Tj ET Q q 0 0 0 rg BT 334.23 122.90 Td (W) Tj ET Q q 0 0 0 rg BT 344.59 122.90 Td (ebcast. ) Tj ET Q q 0 0 0 rg BT 380.36 122.90 Td (T) Tj ET Q q 0 0 0 rg BT 386.85 122.90 Td (o access the ) Tj ET Q q 0 0 0 rg BT 446.94 122.90 Td (W) Tj ET Q q 0 0 0 rg BT 457.30 122.90 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 50 106.900390625 m 179.09375 106.900390625 l s q 0 0 0 rg BT 50.00 108.50 Td (www) Tj ET Q q 0 0 0 rg BT 75.22 108.50 Td (.disney) Tj ET Q q 0 0 0 rg BT 108.77 108.50 Td (.com/investors) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 179.09 108.50 Td (. ) Tj ET Q q 0 0 0 rg BT 184.88 108.50 Td (The discussion will be available via replay through February 23, 2016 at 7:00 ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (PM EST/4:00 PM PST) Tj ET Q q 0 0 0 rg BT 159.48 94.10 Td (.) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (9) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 208.30 740.70 Td (FOR) Tj ET Q q 0 0 0 rg BT 230.98 740.70 Td (W) Tj ET Q q 0 0 0 rg BT 240.98 740.70 Td (ARD-LOOKING ST) Tj ET Q q 0 0 0 rg BT 341.01 740.70 Td (A) Tj ET Q q 0 0 0 rg BT 348.34 740.70 Td (TEMENTS) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 717.30 Td (Management believes certain statements in this earnings release may constitute forward-looking ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 702.90 Td (statements?within the meaning of the Private Securities Litigation Reform ) Tj ET Q q 0 0 0 rg BT 411.92 702.90 Td (Act of 1995.? Tj ET Q q 0 0 0 rg BT 475.02 702.90 Td (These statements ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 688.50 Td (are made on the basis of management? Tj ET Q q 0 0 0 rg BT 233.93 688.50 Td (s views and assumptions regarding future events and business ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 674.10 Td (performance as of the time the statements are made. Management does not undertake any obligation to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 659.70 Td (update these statements.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 636.30 Td (Actual results may dif) Tj ET Q q 0 0 0 rg BT 180.09 636.30 Td (fer materially from those expressed or implied.Such dif) Tj ET Q q 0 0 0 rg BT 448.79 636.30 Td (ferences may result ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 621.90 Td (from actions taken by the Company) Tj ET Q q 0 0 0 rg BT 220.85 621.90 Td (, including restructuring or strategic initiatives \(including capital ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 607.50 Td (investments or asset acquisitions or dispositions\), as well as from developments beyond the Company? Tj ET Q q 0 0 0 rg BT 541.93 607.50 Td (s ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 593.10 Td (control, including:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 68.00 569.70 Td (?) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 86.00 569.70 Td (changes in domestic and global economic conditions, competitive conditions and consumer ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 86.00 555.30 Td (preferences;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 67.60 540.90 Td (?) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.60 540.90 Td (adverse weather conditions or natural disasters;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 67.60 526.50 Td (?) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.60 526.50 Td (health concerns;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 67.60 512.10 Td (?) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.60 512.10 Td (international, political, or military developments; and) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 67.60 497.70 Td (?) 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 (?) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 86.00 407.70 Td (expenses of providing medical and pension benefits;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 68.00 393.30 Td (?) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 86.00 393.30 Td (demand for our products; and) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 68.00 378.90 Td (?) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 86.00 378.90 Td (performance of some or all company businesses either directly or through their impact on those ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 86.00 364.50 Td (who distribute our products.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 341.10 Td (Additional factors are set forth in the Company? Tj ET Q q 0 0 0 rg BT 304.27 341.10 Td (s ) Tj ET Q q 0 0 0 rg BT 311.28 341.10 Td (Annual Report on Form 10-K for the year ended ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 326.70 Td (October 3, 2015 under Item?A, Risk Factors,?and subsequent reports.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.70 683.57 Td (Quarter Ended) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 658.15 Td (? Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.45 668.57 Td (January 2,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.00 658.57 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.95 668.57 Td (December 27,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.00 658.57 Td (2014) 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 415.00 629.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 629.02 Td (12,622) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 629.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 629.02 Td (10,727) 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 450.15 614.02 Td (2,622) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 614.02 Td (2,664) 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 445.15 599.02 Td (15,244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 599.02 Td (13,391) 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 446.80 569.07 Td (\(7,056) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 569.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 569.07 Td (\(6,134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 569.02 Td (\)) 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 446.80 554.07 Td (\(1,567) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 554.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 554.07 Td (\(1,522) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 554.02 Td (\)) 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 446.80 539.07 Td (\(2,025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 539.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 539.07 Td (\(1,935) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 539.02 Td (\)) 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 454.30 524.07 Td (\(607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 524.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.30 524.07 Td (\(592) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 524.02 Td (\)) 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 441.80 509.07 Td (\(11,255) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 509.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 509.07 Td (\(10,183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 509.02 Td (\)) 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 459.30 494.07 Td (\(81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 494.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 494.02 Td (? Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 479.02 Td (Interest expense, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 479.07 Td (\(24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 479.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 479.07 Td (\(58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 479.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 464.02 Td (Equity in the income of investees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 464.02 Td (474) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.65 464.02 Td (212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 449.02 Td (Income before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 449.02 Td (4,358) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 449.02 Td (3,362) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 434.02 Td (Income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.80 434.07 Td (\(1,448) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 434.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 434.07 Td (\(1,118) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 434.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 419.02 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 419.02 Td (2,910) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 419.02 Td (2,244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 404.02 Td (Less: Net income attributable to noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 404.07 Td (\(30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 404.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 404.07 Td (\(62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 404.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 387.52 Td (Net income attributable to The Walt Disney Company \(Disney\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 387.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 387.52 Td (2,880) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 387.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 387.52 Td (2,182) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 355.02 Td (Earnings per share attributable to Disney:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 340.02 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 340.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 340.02 Td (1.73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 340.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 340.02 Td (1.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 316.02 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 316.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 316.02 Td (1.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 316.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 316.02 Td (1.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 281.02 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 71.00 261.02 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 261.02 Td (1,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 261.02 Td (1,717) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 237.02 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 237.02 Td (1,654) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 237.02 Td (1,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 206.52 Td (Dividends declared per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 206.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 206.52 Td (0.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 206.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 206.52 Td (1.15) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 305.78 31.60 Td (1) 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 411.5 683.7 m 481.5 683.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 683.7 m 561.5 683.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 571.7 m 481.5 571.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 571.7 m 561.5 571.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 571.7 m 561.5 571.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 487.70000000000005 m 481.5 487.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 487.70000000000005 m 561.5 487.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 445.70000000000005 m 481.5 445.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 445.70000000000005 m 561.5 445.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 389.70000000000005 m 481.5 389.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 389.70000000000005 m 561.5 389.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 376.70000000000005 m 481.5 376.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 374.70000000000005 m 481.5 374.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 376.70000000000005 m 561.5 376.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 374.70000000000005 m 561.5 374.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 291.70000000000005 m 481.5 291.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 291.70000000000005 m 561.5 291.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 135.70000000000005 m 481.5 135.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 135.70000000000005 m 561.5 135.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 107.70000000000005 m 481.5 107.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 107.70000000000005 m 561.5 107.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 79.70000000000005 m 481.5 79.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 79.70000000000005 m 561.5 79.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 65.70000000000005 m 481.5 65.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 65.70000000000005 m 561.5 65.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 52.700000000000045 m 481.5 52.700000000000045 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 50.700000000000045 m 481.5 50.700000000000045 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 52.700000000000045 m 561.5 52.700000000000045 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 50.700000000000045 m 561.5 50.700000000000045 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.45 695.27 Td (January 2,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.00 685.32 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.85 695.27 Td (October 3,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.00 685.32 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 674.26 Td (ASSETS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 660.27 Td (Current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 646.27 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.00 646.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 646.27 Td (4,301) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 646.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 646.27 Td (4,269) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 632.27 Td (Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 632.27 Td (10,298) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 632.27 Td (8,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 618.27 Td (Inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 618.27 Td (1,434) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 618.27 Td (1,571) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 604.27 Td (Television costs and advances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 604.27 Td (811) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 604.27 Td (1,170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 590.27 Td (Deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 590.27 Td (? Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 590.27 Td (767) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 576.27 Td (Other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 576.27 Td (924) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 576.27 Td (962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 562.27 Td (Total current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 562.27 Td (17,768) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 562.27 Td (16,758) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 548.27 Td (Film and television costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 548.27 Td (6,330) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 548.27 Td (6,183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 534.27 Td (Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 534.27 Td (3,268) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 534.27 Td (2,643) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 520.27 Td (Parks, resorts and other property) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 506.27 Td (Attractions, buildings and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 506.27 Td (42,937) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 506.27 Td (42,745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 492.27 Td (Accumulated depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.80 492.32 Td (\(25,179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 492.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.80 492.32 Td (\(24,844) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.65 492.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 478.27 Td (17,758) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 478.27 Td (17,901) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 464.27 Td (Projects in progress) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 464.27 Td (6,485) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 464.27 Td (6,028) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 450.27 Td (Land) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 450.27 Td (1,244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 450.27 Td (1,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 436.27 Td (25,487) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 436.27 Td (25,179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 422.27 Td (Intangible assets, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 422.27 Td (7,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 422.27 Td (7,172) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 408.27 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 408.27 Td (27,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 408.27 Td (27,826) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 394.27 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 394.27 Td (2,346) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 394.27 Td (2,421) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 380.27 Td (Total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.00 380.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 380.27 Td (90,121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 380.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 380.27 Td (88,182) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 352.26 Td (LIABILITIES AND EQUITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 338.27 Td (Current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 324.27 Td (Accounts payable and other accrued liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.00 324.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 324.27 Td (9,320) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 324.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 324.27 Td (7,844) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 310.27 Td (Current portion of borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 310.27 Td (5,950) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 310.27 Td (4,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 296.27 Td (Unearned royalties and other advances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 296.27 Td (3,526) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 296.27 Td (3,927) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 282.27 Td (Total current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 282.27 Td (18,796) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 282.27 Td (16,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 262.27 Td (Borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 262.27 Td (12,965) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 262.27 Td (12,773) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 248.27 Td (Deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 248.27 Td (3,874) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 248.27 Td (4,051) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 234.27 Td (Other long-term liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 234.27 Td (6,288) Tj ET Q BT /F1 10.00 Tf ET q 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