Exhibit 99.1

FOR IMMEDIATE RELEASE

November 10, 2011

THE WALT DISNEY COMPANY REPORTS

FOURTH QUARTER AND FULL YEAR EARNINGS FOR FISCAL 2011

 

   

EPS for the year increased 24% to a record $2.52 compared to $2.03 in the prior year

 

   

Net income for the year increased 21% to a record $4.8 billion

BURBANK, Calif. – The Walt Disney Company today reported earnings for its fiscal year and fourth quarter ended October 1, 2011. Diluted earnings per share (EPS) for the year increased 24% to $2.52 from $2.03 in the prior year. For the quarter, diluted EPS was $0.58 compared to $0.43 in the prior-year quarter.

“Fiscal 2011 was a great year financially and strategically, demonstrating the strength of our brands and businesses with record revenue, net income and earnings per share,” said Disney President and CEO Robert A. Iger. “We are confident the Company is well-positioned to deliver long-term value for our shareholders with our focus on quality content, compelling uses of technology and global asset growth.”

The following table summarizes the fourth quarter and full year results for fiscal 2011 and 2010 (in millions, except per share amounts):

 

     Year Ended            Quarter Ended         
     October 1,
2011
     October 2,
2010
     Change     October 1,
2011
     October 2,
2010
     Change  

Revenues

   $ 40,893       $ 38,063         7   $ 10,425       $ 9,742         7

Segment operating income (1)

   $ 8,825       $ 7,586         16   $ 2,113       $ 1,717         23

Net income (2)

   $ 4,807       $ 3,963         21   $ 1,087       $ 835         30

Diluted EPS (2)

   $ 2.52       $ 2.03         24   $ 0.58       $ 0.43         35

Cash provided by operations

   $ 6,994       $ 6,578         6   $ 2,104       $ 2,206         (5 )% 

Free cash flow (1)

   $ 3,435       $ 4,468         (23 )%    $ 1,106       $ 1,409         (22 )% 

 

  (1)

Aggregate segment operating income and free cash flow are non-GAAP financial measures. See the discussion of non-GAAP financial measures below.

  (2)

Reflects amounts attributable to shareholders of The Walt Disney Company, i.e. after deduction of noncontrolling (minority) interests.

 

1


The following information was filed by Twdc Enterprises 18 Corp. on Thursday, November 10, 2011 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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