UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM XX
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the Fiscal Year Ended September 29, 2007
Commission File Number 1-11605
Incorporated in Delaware
500 South Buena Vista Street, Burbank, California 91521
(818) 560-1000
Securities Registered Pursuant to Section 12(b) of the Act:
I.R.S. Employer Identification
No. 95-4545390
Name of Each Exchange on Which Registered
New York Stock Exchange
Title of Each Class
Common Stock, $.01 par value
Securities Registered Pursuant to Section 12(g) of the Act: None.
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities
Act. YES 9
NO
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the
Act. YES
NO 9
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months and (2) has been subject to such filing requirements for the past 90 days. YES 9
NO
Indicate by check mark if disclosure of delinquent filers pursuant to Rule 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of “accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act.
Large accelerated filer 9
Accelerated filer
Non accelerated filer
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).
YES
NO 9
The aggregate market value of common stock held by non-affiliates (based on the closing price on the last business day of the registrant’s most recently completed second fiscal quarter as reported on the New York Stock ExchangeComposite Transactions) was $64.3 billion. All executive officers and directors of the registrant and all persons filing a Schedule 13D with the Securities and Exchange Commission in respect to registrant’s common stock have been deemed, solely for the purpose of the foregoing calculation, to be “affiliates” of the registrant.
There were 1,903,484,711 shares of common stock outstanding as of November 14, 2007.
Documents Incorporated by Reference
Certain information required for Part III of this report is incorporated herein by reference to the proxy statement for the 2008 annual meeting of the Company’s shareholders.
The Walt Disney Company
1 | P a g e
CONSOLIDATED BALANCE SHEETS
(in millions, except per share data)
September 29,
2007
ASSETS
Current assets
Cash and cash equivalents
Receivables
Inventories
Television costs
Deferred income taxes
Other current assets
Total current assets
$
Film and television costs
Investments
Parks, resorts and other property, at cost
Attractions, buildings and equipment
Accumulated depreciation
Projects in progress
Land
Intangible assets, net
Goodwill
Other assets
Total Assets
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable and other accrued liabilities
Current portion of borrowings
Unearned royalties and other advances
Total current liabilities
$
$
Borrowings
Deferred income taxes
Other long-term liabilities
Minority interests
Commitments and contingencies (Note 14)
Shareholders’ equity
Preferred stock, $.01 par value Authorized –
100 million shares, Issued – none
Common stock, $.01 par value Authorized –
3.6 billion shares, Issued – 2.6 billion shares at September 29, 2007 and 2.5 billion at
September 30, 2006
Retained earnings
Accumulated
1.0 Introduction Financial market is that people and entities can trade financial securities, commodities, and other fungible items, which has a central place in the theories and models of finance. According the topic, uncertainty and risks must be distinguished in financial mark, which concepts that talk about expectations in future. In general, all activities in business carry some risk, but some are inherently more risky than others. However, uncertainty is a word that connotes actions or events…
Financial Markets- create products that provider return for those who have excess funds and making funds available to those who need money. Intermediaries are firms who do that stuff. Also factor markets for capital (savings can be used for future consumption, invest in capital, increase in productive capacity) Sources of savings 1. Saved household income 2. Not distributing part of profit to owners 3. Gov budgets for surplus 4. O/S borrowing and access to foreign savings Reasons for Borrowing…
Topic 1 – Introduction to financial markets Money is a medium of exchange, it can be anything. As long as it is agreed. Banks don’t actually hold all our money, we treat our balances as money, even though it is not physical. Money holds value. A financial system brings together the users of funds with the providers of money, or financial instruments. Financial instruments are an entitlement to a future cash flow. Nothing will ever happen unless money actually moves. In America the economy is…
U.S. Financial System 1. The Wonderful World of Credit. In 2012, briefly what was the primary reason for the increase in car sales? Next, how specifically did the tightening of lending requirements during the financial crisis hurt small businesses? Households were now able to get loans again. If you don’t have the capital to start a business normally you use bank loans, and that was not a possibility during the financial crisis. An Overview of the Financial System 2. Financial Markets and Financial…
FIN7633 Chapter 1 : Markowitz, Mean-Variance Portfolio Theory There is a risk that we measure financial risks wrong. Expected return Portfolio E(Rp) : Arithmetic E(Rp) = Σ(Probability * return) = 1/N * Σ(return) Geometric E(Rp) : Terminal value = (1+R1)*(1+R2)*.....*(1+RN) gE(Rp) = Terminal value ^(1/N) – 1 or gE(Rp) = Arithmetic E(Rp) – ½ * Variance of the distribution Remark : the difference arises from the asymetric effect of positive and negative rates of returns…
Since the late 1980's, economists have been worrying that efficient market theories don't explain behaviour in financial markets. Numerous studies provide evidence that individuals can be expected to demonstrate behavioural biases. There are two types of investors in the market; they are the sophisticated investors (i.e. equity fund managers), and individual investors. Some journals refer to sophisticated investors as “arbitrageurs” and “rational speculators” versus all other investors, or “noise…
Chapter 1 1. Financial Decisions. Give several examples of (a) investment decisions and (b) financing decisions Purchase a new computer Conduct research for a new drug Shut down a factory b. Take out a bank loan or sell bonds, issue shares of stock to raise funds, buy or lease new machinery. Corporations. What are the key differences between a corporations and a sole proprietorship? What is the difference between a public and private corporation? 2. A sole proprietorship is a business that has…
FINANICAL MARKETS Financial Markets Brenda Brown LaShunda Lewis FIN 100 June 9, 2013 Abstract Financial markets play an important role in contributing to the health and efficiency of an economy. The combination of well-developed financial markets and institutions, as well as a diverse array of financial products and instruments, suits the needs of borrowers and lenders and therefore the overall economy. Running head: FINANICAL MARKETS Financial markets are - any…
FIN 3636 Financial Markets and Institutions Spring 2015 Instructor: Meredith Rhodes Office Hours: By Appointment Office: 2600A Business Education Complex Email: mrhode8@lsu.edu Class Time: 9:30-10:20am MWF Classroom: BEC 1845 Course Objectives: The purpose of this course is to provide a practical introduction to today’s changing landscape of financial markets and institutions. On one hand we will discuss the characteristics of instruments used in the financial markets to facilitate the flow of funds…
Financial Markets and Institutions Dr. Marcus Crawford FIN 350 – Finance Markets and Institutions Financial Markets and Institutions Financial Market Role Financial market is a market in which people and entities can trade financial securities. There are general markets and specialized markets. There are several types of financial markets capital, commodity, money, derivatives, futures, and insurance and foreign exchange markets. These types of financial markets play an intricate part…