WDW Permits 2014

[flyerjab]

Thanks.

How do you get your 2015 thread pinned in place? Do the mods do that?

 

[danlb_2000]

Thanks.

How do you get your 2015 thread pinned in place? Do the mods do that?

Yes, they will do it.

 

[ford91exploder]

Down 9.6%?

This is expressed as a percentage of total P&R revenue, During the 80's - 2005 it was between 18-24% of revenue.

 

[ParentsOf4]

Makes sense since P&R reinvestment in 2014 was around 9.6% according to @ParentsOf4 so necessarily permits would decline as well.

Down 9.6%?

This is expressed as a percentage of total P&R revenue, During the 80's - 2005 it was between 18-24% of revenue.

Total domestic P&R capex was 9.6% of domestic P&R revenue.

Capex is broken into 2 parts: maintenance and growth (a.k.a. investment). Maintenance capex typically is estimated to be equal to depreciation. Based on this formula:

• Estimated P&R maintenance capex was 9.1%.
• Estimated P&R growth capex was 0.5%.

Using this formula, Disney spent about $67 million in growth capex.

Disney might have invested more than that domestically, but it then means that they underfunded maintenance.

 

[danlb_2000]

Total domestic P&R capex was 9.6% of domestic P&R revenue.

Capex is broken into 2 parts: maintenance and growth (a.k.a. investment). Maintenance capex typically is estimated to be equal to depreciation. Based on this formula:

• Estimated P&R maintenance capex was 9.1%.
• Estimated P&R growth capex was 0.5%.

Using this formula, Disney spent about $67 million in growth capex.

Disney might have invested more than that domestically, but it then means that they underfunded maintenance.

What was it in the previous year?

 

[ford91exploder]

Total domestic P&R capex was 9.6% of domestic P&R revenue.

Capex is broken into 2 parts: maintenance and growth (a.k.a. investment). Maintenance capex typically is estimated to be equal to depreciation. Based on this formula:

• Estimated P&R maintenance capex was 9.1%.
• Estimated P&R growth capex was 0.5%.

Using this formula, Disney spent about $67 million in growth capex.

Disney might have invested more than that domestically, but it then means that they underfunded maintenance.

Thanks @ParentsOf4, Expressed like this the current executive management of TWDC is leaving nothing in the pipeline for the NEXT generation of managers. I have never been able to understand why P&R is the ATM for TWDC and never seems to get any significant growth capital while TWDC does harebrained tech aquisitions at multiples of the real value of the assets. ie $500 million for a YouTube channel - where most of the content creators not under contract promptly bailed once the sale was announced.

 

[ParentsOf4]

What was it in the previous year?

In 2013:

• Estimated P&R domestic maintenance capex was 9.1%.
• Estimated P&R domestic growth capex was 0.9% or $99 million.

 

[Tom]

We start off the year with a really exciting permit. DC-6 is FINALLY getting a drain line for the sink!!! In all my visits to Disney I have always said that sink needed a drain line and it's finally happening! The pendulum is finally swinging back!

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