The Walt Disney Company (DIS) quarterly cash flow statement — complete operating, investing & financing history
The Walt Disney Company (DIS) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 4.87B | 6.91B | 735M | 4.47B | 3.67B | 6.75B | 3.21B | 5.52B | 2.6B | 3.67B | 2.19B | 4.8B | 2.8B | 3.24B | -974M | 2.52B | 1.92B | 1.76B | -201M | 2.63B |
| Operating CF Margin % | 19.27% | 27.47% | 2.83% | 19.92% | 15.51% | 28.59% | 12.98% | 24.44% | 11.24% | 16.6% | 9.28% | 22.61% | 12.55% | 14.83% | -4.14% | 12.53% | 8.94% | 9.17% | -0.92% | 14.22% |
| Operating CF Growth % | 32.62% | 2.38% | -77.07% | -18.92% | 41.01% | 84.21% | 46.68% | 14.91% | -7.14% | 13.29% | 324.33% | 90.25% | 45.79% | 83.34% | -384.58% | -4.21% | 31.64% | 27.16% | -339.29% | 58.07% |
| Net Income | 2.84B | 2.46B | 2.48B | 1.31B | 5.94B | 3.4B | 2.64B | 564M | 2.84B | 216M | 2.15B | 694M | -153M | 1.49B | 1.36B | 254M | 1.5B | 597M | 1.2B | 256M |
| Depreciation & Amortization | 1.41B | 1.41B | 1.32B | 1.39B | 1.33B | 1.32B | 1.28B | 1.28B | 1.22B | 1.24B | 1.24B | 1.41B | 1.34B | 1.31B | 1.31B | 1.32B | 1.29B | 1.29B | 1.27B | 1.27B |
| Stock-Based Compensation | 423M | 405M | 332M | 359M | 357M | 330M | 317M | 330M | 361M | 367M | 308M | 282M | 291M | 300M | 270M | 254M | 273M | 254M | 196M | 172M |
| Deferred Taxes | 110M | 393M | 525M | 176M | -3.01B | 68M | 25M | -332M | -278M | -160M | -51M | -447M | -853M | -31M | -15M | -405M | -378M | 257M | 726M | -492M |
| Other Non-Cash Items | -182M | 894M | 1.16B | 288M | -1.05B | 757M | 1.29B | 1.28B | -711M | 1.16B | 2.55B | 1.1B | 1.18B | -1.52B | 380M | -1.71B | -1.55B | -2.19B | 1.08B | -867M |
| Working Capital Changes | 257M | 1.35B | -5.08B | 944M | 98M | 873M | -2.35B | 2.39B | -832M | 842M | -4.02B | 1.76B | 994M | 1.69B | -4.28B | 2.81B | 788M | 1.56B | -4.67B | 2.29B |
| Change in Receivables | -5M | 641M | -1.81B | 377M | -293M | 910M | -1.28B | 808M | -1.22B | 1.4B | -1.55B | 1.1B | -331M | 1.01B | -1.42B | 1.11B | -164M | 1.06B | -1.4B | -56M |
| Change in Inventory | -2M | 25M | -22M | -44M | -69M | -5M | 4M | -40M | -28M | 18M | 8M | -63M | -13M | -19M | -88M | -161M | -162M | -83M | -14M | 16M |
| Change in Payables | -21M | 1.14B | -1.65B | 544M | 718M | 508M | -1.53B | 970M | 261M | 321M | -1.4B | 0 | 0 | 245M | -2.38B | 1.86B | 457M | 1.23B | -2.58B | 2.07B |
| Cash from Investing | -1.79B | -2.73B | -2.74B | -1.85B | -1.72B | -1.9B | -2.58B | -1.98B | -2.35B | -1.31B | -1.25B | -1.38B | -718M | -1.25B | -1.29B | -1.14B | -1.85B | -1.04B | -987M | -1.09B |
| Capital Expenditures | -1.79B | -1.97B | -3.01B | -1.92B | -1.78B | -1.86B | -2.47B | -1.49B | -1.36B | -1.26B | -1.3B | -1.37B | -1.17B | -1.25B | -1.18B | -1.15B | -1.74B | -1.08B | -981M | -1.11B |
| CapEx % of Revenue | 7.11% | 7.84% | 11.6% | 8.53% | 7.53% | 7.88% | 9.99% | 6.6% | 5.9% | 5.7% | 5.52% | 6.47% | 5.22% | 5.73% | 5.02% | 5.7% | 8.07% | 5.61% | 4.5% | 5.99% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 7M | -219M | 276M | 66M | 60M | -36M | -109M | 7M | -985M | -48M | 53M | -8M | 447M | 0 | -111M | 12M | -113M | 42M | -6M | 24M |
| Cash from Financing | -3.58B | -4.15B | 1.98B | -2.28B | -2.54B | -4.56B | -997M | -3.57B | -898M | -2.82B | -8.01B | -597M | -1B | -83M | -1.04B | -2.48B | -150M | -1.82B | -292M | -1.61B |
| Debt Issued (Net) | -1.3B | 807M | 4.18B | -211M | -763M | -2.58B | -63M | -2.18B | 1.25B | -1.21B | 737M | -574M | -993M | -82M | -134M | -2.49B | -63M | -1.37B | -91M | -1.32B |
| Equity Issued (Net) | -1.75B | -3.47B | -2.03B | -1B | -711M | -991M | -794M | -469M | -1.52B | -1B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | -1.34B | 0 | -898M | 0 | -905M | 0 | -817M | 0 | -549M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -1.75B | -3.47B | -2.03B | -1B | -711M | -991M | -794M | -469M | -1.52B | -1B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -533M | -150M | -164M | -163M | -1.06B | -76M | -140M | -100M | -626M | -61M | -8.74B | -23M | -8M | -1M | -909M | 12M | -87M | -448M | -201M | -290M |
| Net Change in Cash | -490M | 3M | -13M | 322M | -481M | 376M | -520M | 53M | -677M | -521M | -6.99B | 2.72B | 1.06B | 1.94B | -3.15B | -1.34B | -314M | -1.17B | -1.51B | -112M |
| Free Cash Flow | 3.07B | 4.94B | -2.28B | 2.56B | 1.89B | 4.89B | 739M | 4.03B | 1.24B | 2.41B | 886M | 3.43B | 1.64B | 1.99B | -2.15B | 1.38B | 187M | 686M | -1.18B | 1.52B |
| FCF Margin % | 12.17% | 19.63% | -8.77% | 11.39% | 7.99% | 20.71% | 2.99% | 17.85% | 5.34% | 10.9% | 3.76% | 16.14% | 7.33% | 9.11% | -9.17% | 6.83% | 0.87% | 3.56% | -5.42% | 8.23% |
| FCF Growth % | 62.63% | 1.02% | -408.25% | -36.51% | 52.71% | 103.2% | -16.59% | 17.53% | -24.43% | 21.14% | 141.11% | 149.13% | 775.4% | 189.65% | -82.32% | -9.77% | -64.18% | 11% | -74.85% | 62.58% |
| FCF per Share | 1.76 | 2.79 | -1.27 | 1.41 | 1.05 | 2.70 | 0.41 | 2.21 | 0.68 | 1.31 | 0.48 | 1.87 | 0.90 | 1.09 | -1.18 | 0.75 | 0.10 | 0.38 | -0.65 | 0.83 |
| FCF Conversion (FCF/Net Income) | 1.84x | 3.08x | 0.31x | 3.41x | 0.70x | 2.06x | 1.25x | 12.00x | 0.99x | -183.30x | 1.14x | 18.19x | -6.09x | 2.55x | -0.76x | 15.58x | 1.36x | 3.76x | -0.18x | 16.57x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |