Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - WALT DISNEY CO/ | Financial_Report.xls |
| EX-31.B - SECTION 302 CERTIFICATION OF CHIEF FINANCIAL OFFICER - WALT DISNEY CO/ | fy2014_q3x10qxex31b.htm |
| EX-10.1 - NON-MANAGEMENT DIRECTOR COMPENSATION - WALT DISNEY CO/ | fy2014_q3x10qxex101.htm |
| EX-32.B - SECTION 906 CERTIFICATION OF CHIEF FINANCIAL OFFICER - WALT DISNEY CO/ | fy2014_q3x10qxex32b.htm |
| EX-31.A - SECTION 302 CERTIFICATION OF CHIEF EXECUTIVE OFFICER - WALT DISNEY CO/ | fy2014_q3x10qxex31a.htm |
| 10-Q - FORM 10-Q - WALT DISNEY CO/ | fy2014_q3x10qxdoc.htm |
| EX-32.A - SECTION 906 CERTIFICATION OF CHIEF EXECUTIVE OFFICER - WALT DISNEY CO/ | fy2014_q3x10qxex32a.htm |
Exhibit 12.1
THE WALT DISNEY COMPANY
RATIO OF EARNINGS TO FIXED CHARGES
(AMOUNTS IN MILLIONS, EXCEPT RATIOS)
Nine Months Ended | Fiscal Year Ended | ||||||||||||||||||||||||||
Jun. 28 2014 | Jun. 29, 2013 | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||||||
EARNINGS | |||||||||||||||||||||||||||
Income from continuing operations before income taxes | $ | 9,785 | $ | 7,396 | $ | 9,620 | $ | 9,260 | $ | 8,043 | $ | 6,627 | $ | 5,658 | |||||||||||||
Equity in the income of investees | (678 | ) | (527 | ) | (688 | ) | (627 | ) | (585 | ) | (440 | ) | (577 | ) | |||||||||||||
Cash distributions received from equity investees | 538 | 526 | 694 | 663 | 608 | 473 | 505 | ||||||||||||||||||||
Interest expense, amortization of debt discounts and premiums on all indebtedness and amortization of capitalized interest | 271 | 321 | 415 | 525 | 497 | 514 | 649 | ||||||||||||||||||||
Imputed interest on operating leases (1) | 218 | 222 | 292 | 288 | 273 | 247 | 205 | ||||||||||||||||||||
TOTAL EARNINGS | $ | 10,134 | $ | 7,938 | $ | 10,333 | $ | 10,109 | $ | 8,836 | $ | 7,421 | $ | 6,440 | |||||||||||||
FIXED CHARGES | |||||||||||||||||||||||||||
Interest expense and amortization of debt discounts and premiums on all indebtedness | $ | 222 | $ | 268 | $ | 349 | $ | 472 | $ | 435 | $ | 456 | $ | 588 | |||||||||||||
Capitalized interest | 49 | 54 | 77 | 92 | 91 | 82 | 57 | ||||||||||||||||||||
Imputed interest on operating leases (1) | 218 | 222 | 292 | 288 | 273 | 247 | 205 | ||||||||||||||||||||
TOTAL FIXED CHARGES | $ | 489 | $ | 544 | $ | 718 | $ | 852 | $ | 799 | $ | 785 | $ | 850 | |||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES (2) | 20.7 | 14.6 | 14.4 | 11.9 | 11.1 | 9.5 | 7.6 | ||||||||||||||||||||
(1) | The portion of operating rental expense which management believes is representative of the interest component of rent expense. |
(2) | The ratio does not adjust for interest on unrecognized tax benefits that are recorded as a component of income tax expense. |