6 Nov 2014 2:53 PM PT
THE WALT DISNEY COMPANY REPORTS
FOURTH QUARTER AND FULL YEAR EARNINGS FOR FISCAL 2014
• 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.
• EPS for the year increased 26% to a record $4.26 compared to $3.38 in the prior year.
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.”
The following table summarizes the fourth quarter and full year results for fiscal 2014 and 2013 (in
millions, except per share amounts):
(1) See reconciliation of reported EPS to EPS excluding certain items affecting comparability on page 8.
(2) Aggregate segment operating income and free cash flow are non-GAAP financial measures. See the discussion
of non-GAAP financial measures that follows.
(3) Reflects amounts attributable to shareholders of The Walt Disney Company, i.e. after deduction of
noncontrolling interests.