Fourth Quarter Fiscal Year 2014 results - Record $48.8 billion revenues

wdwmagic

wdwmagic

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  • Revenues for the year increased 8% to a record $48.8 billion.
  • Net income for the year increased 22% to a record $7.5 billion
http://thewaltdisneycompany.com/sites/default/files/reports/q4-fy14-earnings.pdf

BURBANK, Calif. – The Walt Disney Company today reported earnings for its fourth quarter and fiscal year ended September 27, 2014. Diluted earnings per share (EPS) for the fourth quarter increased 12% to $0.86 from $0.77 in the prior-year quarter. Excluding certain items affecting comparability(1), EPS for the quarter increased 16% to $0.89 from $0.77 in the prior-year quarter. Diluted EPS for the year increased 26% to $4.26 from $3.38 in the prior year. Excluding certain items affecting comparability(1), EPS for the year increased 27% to $4.32 from $3.39 in the prior year.

“Our results for Fiscal 2014 were the highest in the Company’s history, marking our fourth consecutive year of record performance,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company. “We’re obviously very pleased with this achievement and believe it reflects the extraordinary quality of our content and our unique ability to leverage success across the Company to create significant value, as well as our focus on embracing and adapting to emerging consumer trends and technology.”


Parks and Resorts revenues for the quarter increased 7% to $4.0 billion, and segment operating income increased 20% to $687 million. Operating income growth for the quarter was due to an increase at our domestic operations, partially offset by a decrease at our international operations.

Higher operating income at our domestic operations was driven by increased guest spending and attendance, partially offset by higher costs and lower vacation club ownership sales. The increase in guest spending was primarily due to higher average ticket prices for theme park admissions and for sailings at our cruise line and increased food, beverage and merchandise spending. Higher costs reflected increased costs for MyMagic+ and the absence of an offset in the prior-year quarter from a property sale, partially offset by lower pension and postretirement medical costs. Decreased vacation club ownership sales reflected the prior-year success of The Villas at Disney’s Grand Floridian Resort & Spa, for which sales commenced at the end of the third quarter of fiscal 2013.

The decrease at our international operations was due to lower operating performance at Disneyland Paris, higher pre-opening expenses at Shanghai Disney Resort and the impact of a weaker yen on our royalties from Tokyo Disney Resort. Lower operating income at Disneyland Paris was driven by higher operating and marketing costs and lower attendance, partially offset by increased guest spending, due to higher average ticket prices, and higher real estate sales.
 
T

todd23

Well-Known Member
wdwmagic said:
  • Revenues for the year increased 8% to a record $48.8 billion.
  • Net income for the year increased 22% to a record $7.5 billion
http://thewaltdisneycompany.com/sites/default/files/reports/q4-fy14-earnings.pdf

BURBANK, Calif. – The Walt Disney Company today reported earnings for its fourth quarter and fiscal year ended September 27, 2014. Diluted earnings per share (EPS) for the fourth quarter increased 12% to $0.86 from $0.77 in the prior-year quarter. Excluding certain items affecting comparability(1), EPS for the quarter increased 16% to $0.89 from $0.77 in the prior-year quarter. Diluted EPS for the year increased 26% to $4.26 from $3.38 in the prior year. Excluding certain items affecting comparability(1), EPS for the year increased 27% to $4.32 from $3.39 in the prior year.

“Our results for Fiscal 2014 were the highest in the Company’s history, marking our fourth consecutive year of record performance,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company. “We’re obviously very pleased with this achievement and believe it reflects the extraordinary quality of our content and our unique ability to leverage success across the Company to create significant value, as well as our focus on embracing and adapting to emerging consumer trends and technology.”


Parks and Resorts revenues for the quarter increased 7% to $4.0 billion, and segment operating income increased 20% to $687 million. Operating income growth for the quarter was due to an increase at our domestic operations, partially offset by a decrease at our international operations.

Higher operating income at our domestic operations was driven by increased guest spending and attendance, partially offset by higher costs and lower vacation club ownership sales. The increase in guest spending was primarily due to higher average ticket prices for theme park admissions and for sailings at our cruise line and increased food, beverage and merchandise spending. Higher costs reflected increased costs for MyMagic+ and the absence of an offset in the prior-year quarter from a property sale, partially offset by lower pension and postretirement medical costs. Decreased vacation club ownership sales reflected the prior-year success of The Villas at Disney’s Grand Floridian Resort & Spa, for which sales commenced at the end of the third quarter of fiscal 2013.

The decrease at our international operations was due to lower operating performance at Disneyland Paris, higher pre-opening expenses at Shanghai Disney Resort and the impact of a weaker yen on our royalties from Tokyo Disney Resort. Lower operating income at Disneyland Paris was driven by higher operating and marketing costs and lower attendance, partially offset by increased guest spending, due to higher average ticket prices, and higher real estate sales.
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Now we needs Parentsof4 to jump in with some analyzation of these numbers!
 
Matt_Black

Matt_Black

Well-Known Member
drew81 said:
And with these revenues they couldn't budget enough to have Olaf out for sets? :rolleyes:

Thanks Creative
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It's not that simple. The Walt Disney Company is HUGE, with many branches and divisions. As such, even a big pie has to be sliced into many, many smaller pieces so that every one gets a piece.
 
Figment2005

Figment2005

Well-Known Member
SirLink said:
Ok so budgets are going to increase during the next fiscal year by more than $7.5billion right? You know how ludicrous that sounds ... yep thought so.
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You seem to be talking as though this profit is strictly P&R. Last I checked Disney had many more revenue and expense streams that don't encompass the parks.
 
SirLink

SirLink

Well-Known Member
Figment2005 said:
You seem to be talking as though this profit is strictly P&R. Last I checked Disney had many more revenue and expense streams that don't encompass the parks.
Click to expand...

Well no I'm not and secondly do you really think costs over the entire company are going to increase by more than $7.5billion next fiscal year? Give WDWR $1billion each year for the next 10 years and maybe you can finally breathe some life into the stale husk.
 
S

seascape

Well-Known Member
Parks and Resorts had a 7% increase in revenue and a 20% increase in profits. There is no way to present that in a bad way. Disney Parks are doing great. The area that has concerns is ESPN but since the rights fees are now locked in for a number of years they should be fine going forward. P&R and Movies are the highlights. However, I do agree with those who would like to see stock buy backs decrease and investment in parks increase. The forcast of attendance growth at WDW demonstrate the need for a major increase in capasity beyond what is currently planned. AK needs more additions beyond Pandora and Epcot is in serious need of expansion. Not only in Future World but another country and more rides and attractions in World Show Case. Domestic Park Attendance was up 4% and hotel occupancy was 83%. Again any hotel capacity over 80% is great and that is why they built more rooms in AoA. Going forward reservation rate are up and the hotel booking rate is up another 3%. That would make it look like hotel occupancy in the new year will be over 85% for the year. A major improvement and further indication of the need for more hotel rooms in the region.
 
scottb411

scottb411

Well-Known Member
Looks like MyMagic+ has been paid for ($1.1 billion in revenue increase from last year):

http://www.bizjournals.com/orlando/...gical-the-walt-disney-co-has-strong-year.html

"Overall, Disney theme parks raked in nearly $15.1 billion in revenue in the full year, which is a 7 percent climb from $14 billion the previous year."
...
"The increase in guest spending was primarily due to higher average ticket prices for theme park admissions and for sailings at our cruise line and increased food, beverage and merchandise spending,"
 

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