Disney Historical Cash Flow
| DIS Stock | USD 101.50 1.83 1.77% |
Analysis of Disney cash flow over time is an excellent tool to project Walt Disney future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Change In Working Capital of 167.3 M or Begin Period Cash Flow of 14.1 B as it is a great indicator of Disney ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Walt Disney latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Walt Disney is a good buy for the upcoming year.
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About Disney Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Disney balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Disney's non-liquid assets can be easily converted into cash.
Disney Cash Flow Chart
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Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Capital Expenditures
Capital Expenditures are funds used by Walt Disney to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Disney operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.Most accounts from Disney's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Walt Disney current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Walt Disney. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. At this time, Disney's Sale Purchase Of Stock is comparatively stable compared to the past year. Stock Based Compensation is likely to gain to about 1.4 B in 2024, whereas Free Cash Flow is likely to drop slightly above 3.9 B in 2024.
Disney cash flow statement Correlations
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Disney Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Disney cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | 14M | 252M | (420M) | (183M) | (164.7M) | (156.5M) | |
| Change In Cash | 12.5B | (2.0B) | (4.3B) | 2.6B | 3.0B | 3.1B | |
| Free Cash Flow | 3.6B | 2.0B | 1.1B | 4.9B | 5.6B | 3.9B | |
| Change In Working Capital | (645M) | 2.2B | 488M | 177M | 159.3M | 167.3M | |
| Begin Period Cash Flow | 5.5B | 18.0B | 16.0B | 11.7B | 13.4B | 14.1B | |
| Other Cashflows From Financing Activities | 17.0B | (1.1B) | (852M) | (910M) | (1.0B) | (994.2M) | |
| Depreciation | 5.3B | 5.1B | 5.2B | 5.4B | 6.2B | 6.5B | |
| Other Non Cash Items | 5.2B | (3.6B) | (4.4B) | 1.1B | 1.0B | 1.1B | |
| Capital Expenditures | 4.0B | 3.6B | 4.9B | 5.0B | 5.7B | 6.0B | |
| Total Cash From Operating Activities | 7.6B | 5.6B | 6.0B | 9.9B | 11.3B | 6.6B | |
| Net Income | (2.4B) | 2.5B | 3.6B | 3.4B | 3.9B | 4.0B | |
| Total Cash From Financing Activities | 8.5B | (4.4B) | (4.7B) | (2.7B) | (2.5B) | (2.6B) | |
| End Period Cash Flow | 18.0B | 16.0B | 11.7B | 14.2B | 16.4B | 17.2B | |
| Sale Purchase Of Stock | 305M | 435M | 127M | 52M | 46.8M | 49.1M | |
| Stock Based Compensation | 525M | 600M | 977M | 1.1B | 1.3B | 1.4B | |
| Change To Account Receivables | 1.8B | (186M) | 605M | 358M | 411.7M | 432.3M | |
| Other Cashflows From Investing Activities | 385M | 415M | (65M) | 328M | 377.2M | 358.3M | |
| Change To Liabilities | (2.3B) | 2.4B | 964M | (1.1B) | (1.0B) | (976.4M) | |
| Change To Netincome | 5.8B | (3.7B) | (2.8B) | 2.0B | 1.8B | 1.9B | |
| Total Cashflows From Investing Activities | (3.6B) | (3.2B) | (5.0B) | (4.6B) | (4.2B) | (4.4B) | |
| Investments | (3.6B) | (3.2B) | (5.0B) | (4.6B) | (4.2B) | (4.4B) | |
| Net Borrowings | 11.2B | (3.7B) | (4.0B) | (1.8B) | (1.6B) | (1.5B) | |
| Change To Operating Activities | (157M) | 171M | (707M) | (201M) | (180.9M) | (189.9M) |
Pair Trading with Disney
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Disney position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Disney will appreciate offsetting losses from the drop in the long position's value.Moving against Disney Stock
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| 0.64 | BZ | Kanzhun Ltd ADR | PairCorr |
The ability to find closely correlated positions to Disney could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Disney when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Disney - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Walt Disney to buy it.
The correlation of Disney is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Disney moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Walt Disney moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Disney can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Disney Stock Analysis
When running Disney's price analysis, check to measure Disney's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Disney is operating at the current time. Most of Disney's value examination focuses on studying past and present price action to predict the probability of Disney's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Disney's price. Additionally, you may evaluate how the addition of Disney to your portfolios can decrease your overall portfolio volatility.