%PDF-1.5 1 0 obj <> endobj 3 0 obj <> endobj 4 0 obj <> stream BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 303.50 31.60 Td (1) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 717.50 Td (FOR IMMEDIA) Tj ET Q q 0 0 0 rg BT 129.01 717.50 Td (TE RELEASE) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 698.10 Td (February?, 2014) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 132.32 698.10 Td ( ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 189.15 669.70 Td (THE ) Tj ET Q q 0 0 0 rg BT 217.28 669.70 Td (W) Tj ET Q q 0 0 0 rg BT 227.94 669.70 Td (AL) Tj ET Q q 0 0 0 rg BT 243.51 669.70 Td (T) Tj ET Q q 0 0 0 rg BT 251.30 669.70 Td ( DISNEY) Tj ET Q q 0 0 0 rg BT 299.20 669.70 Td ( COMP) Tj ET Q q 0 0 0 rg BT 337.97 669.70 Td (ANY) Tj ET Q q 0 0 0 rg BT 363.52 669.70 Td ( REPOR) Tj ET Q q 0 0 0 rg BT 408.10 669.70 Td (TS) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 173.10 655.30 Td (FIRST) Tj ET Q q 0 0 0 rg BT 208.23 655.30 Td ( QUAR) Tj ET Q q 0 0 0 rg BT 246.14 655.30 Td (TER EARNINGS FOR FISCAL) Tj ET Q q 0 0 0 rg BT 411.83 655.30 Td ( 2014) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 74.00 608.50 Td (BURBANK, Calif. ?) Tj ET Q q 0 0 0 rg BT 177.45 608.50 Td (The ) Tj ET Q q 0 0 0 rg BT 198.89 608.50 Td (W) Tj ET Q q 0 0 0 rg BT 209.26 608.50 Td (alt Disney Company today reported record earnings for its ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 492.18 608.50 Td (first) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 511.51 608.50 Td ( fiscal ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 594.10 Td (quarter) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 83.98 594.10 Td ( ended ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 118.63 594.10 Td (December?8, 2013) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 212.93 594.10 Td (. Diluted earnings per share \(EPS\) for the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 417.54 594.10 Td (first) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 436.87 594.10 Td ( quarter increased 34% to ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 579.70 Td ($1.03 from $0.77 in the prior) Tj ET Q q 0 0 0 rg BT 189.41 579.70 Td (-year quarter) Tj ET Q q 0 0 0 rg BT 250.37 579.70 Td (. Certain items af) Tj ET Q q 0 0 0 rg BT 335.79 579.70 Td (fecting comparability had a $0.01 and $0.02 ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 565.30 Td (net adverse impact on the current and prior) Tj ET Q q 0 0 0 rg BT 256.01 565.30 Td (-year quarters, respectively) Tj ET Q q 0 0 0 rg BT 385.50 565.30 Td (. Excluding these items, EPS for the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 550.90 Td (quarter increased 32% to $1.04 from $0.79 in the prior) Tj ET Q q 0 0 0 rg BT 312.02 550.90 Td (-year quarter) Tj ET Q q 0 0 0 rg BT 372.98 550.90 Td (.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.50 507.70 Td (W) Tj ET Q q 0 0 0 rg BT 88.19 507.70 Td (e had an incredibly strong first quarter) Tj ET Q q 0 0 0 rg BT 271.65 507.70 Td (, delivering a 32% increase in adjusted earnings per share ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 493.30 Td (and double-digit increases in operating income in all business segments,?said Robert ) Tj ET Q q 0 0 0 rg BT 462.24 493.30 Td (A. Iger) Tj ET Q q 0 0 0 rg BT 495.75 493.30 Td (, Chairman ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 478.90 Td (and CEO, ) Tj ET Q q 0 0 0 rg BT 100.11 478.90 Td (The ) Tj ET Q q 0 0 0 rg BT 121.55 478.90 Td (W) Tj ET Q q 0 0 0 rg BT 131.91 478.90 Td (alt Disney Company) Tj ET Q q 0 0 0 rg BT 229.79 478.90 Td (.?These results reflect the strength of our unprecedented portfolio ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 464.50 Td (of brands, a constant focus on creativity and innovation, and the continued success of our long-term ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 450.10 Td (strategy) Tj ET Q q 0 0 0 rg BT 87.21 450.10 Td (.? Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 74.00 403.30 Td (The following table summarizes the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 249.62 403.30 Td (first) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 268.95 403.30 Td ( quarter results for fiscal 2014 and 2013 \(in millions, except ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 388.90 Td (per share amounts\):? 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Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 363.30 367.53 Td (Quarter Ended) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 340.53 Td (? Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 325.65 351.32 Td (December 28,) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 345.50 340.32 Td (2013) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 409.65 351.32 Td (December 29,) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 429.50 340.32 Td (2012) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 507.65 340.32 Td (Change) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 324.58 Td (Revenues) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 322.00 324.58 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 351.00 324.58 Td (12,309) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 406.00 324.58 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 435.00 324.58 Td (11,341) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 530.00 324.58 Td (9) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 324.58 Td ( %) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 308.58 Td (Segment operating income ) Tj ET Q BT /F2 12.00 Tf ET BT /F2 7.80 Tf ET q 0 0 0 rg BT 184.63 314.02 Td (\(1\)) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 322.00 308.58 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 357.00 308.58 Td (3,020) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 406.00 308.58 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 441.00 308.58 Td (2,380) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 524.00 308.58 Td (27) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 308.58 Td ( %) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 292.58 Td (Net income ) Tj ET Q BT /F2 12.00 Tf ET BT /F2 7.80 Tf ET q 0 0 0 rg BT 111.65 298.02 Td (\(2\)) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 322.00 292.58 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 357.00 292.58 Td (1,840) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 406.00 292.58 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 441.00 292.58 Td (1,382) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 524.00 292.58 Td (33) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 292.58 Td ( %) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 276.58 Td (Diluted EPS ) Tj ET Q BT /F2 12.00 Tf ET BT /F2 7.80 Tf ET q 0 0 0 rg BT 115.67 282.02 Td (\(2\)) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 322.00 276.58 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 363.00 276.58 Td (1.03) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 406.00 276.58 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 447.00 276.58 Td (0.77) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 524.00 276.58 Td (34) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 276.58 Td ( %) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 260.58 Td (Cash provided by operations) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 322.00 260.58 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 357.00 260.58 Td (1,212) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 406.00 260.58 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 441.00 260.58 Td (1,144) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 530.00 260.58 Td (6) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 260.58 Td ( %) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 244.58 Td (Free cash flow ) Tj ET Q BT /F2 12.00 Tf ET BT /F2 7.80 Tf ET q 0 0 0 rg BT 126.64 250.02 Td (\(1\)) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 322.00 244.58 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 366.00 244.58 Td (554) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 406.00 244.58 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 450.00 244.58 Td (599) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 526.00 244.58 Td (\(8) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 536.00 244.58 Td (\) %) Tj ET Q BT /F2 10.00 Tf ET BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 225.50 Td (? Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 50.00 218.03 Td (\(1\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 213.50 Td (Aggregate segment operating income and free cash flow are non-GAAP) Tj ET Q q 0 0 0 rg BT 356.13 213.50 Td ( financial measures. See the discussion of non-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 201.50 Td (GAAP) Tj ET Q q 0 0 0 rg BT 94.86 201.50 Td ( financial measures that follows.) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 50.00 194.03 Td (\(2\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 189.50 Td (Reflects amounts attributable to shareholders of ) Tj ET Q q 0 0 0 rg BT 261.65 189.50 Td (The ) Tj ET Q q 0 0 0 rg BT 279.52 189.50 Td (W) Tj ET Q q 0 0 0 rg BT 288.16 189.50 Td (alt Disney Company) Tj ET Q q 0 0 0 rg BT 369.72 189.50 Td (, i.e. after deduction of noncontrolling interests.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 74.00 163.10 Td ( ) Tj ET Q endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (2) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 50.00 726.90 Td (SEGMENT) Tj ET Q q 0 0 0 rg BT 109.79 726.90 Td ( RESUL) Tj ET Q q 0 0 0 rg BT 151.71 726.90 Td (TS) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 74.00 707.50 Td (The following table summarizes the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 249.62 707.50 Td (first) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 268.95 707.50 Td ( quarter segment operating results for fiscal 2014 and 2013 ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 693.10 Td (\(in millions\):) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 678.70 Td (? Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 654.2 m 394.5 654.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 654.2 m 403.5 654.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 654.2 m 478.5 654.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 654.2 m 394.5 654.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 629.2 m 394.5 629.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 654.2 m 403.5 654.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 654.2 m 478.5 654.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 629.2 m 478.5 629.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 629.2 m 553.5 629.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553.5 629.2 m 562.5 629.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 545.2 m 394.5 545.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 545.2 m 478.5 545.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 532.2 m 394.5 532.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 530.2 m 394.5 530.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 532.2 m 478.5 532.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 530.2 m 478.5 530.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 433.2 m 394.5 433.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 433.2 m 478.5 433.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 420.2 m 394.5 420.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 418.2 m 394.5 418.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 420.2 m 478.5 420.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 418.2 m 478.5 418.2 l s BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 657.38 Td (? Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 363.30 657.38 Td (Quarter Ended) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 325.65 644.07 Td (December 28,) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 345.50 633.07 Td (2013) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 409.65 644.07 Td (December 29,) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 429.50 633.07 Td (2012) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 507.65 634.12 Td (Change) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 618.38 Td (Revenues:) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 71.00 604.38 Td (Media Networks) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 322.00 604.38 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 357.00 604.38 Td (5,290) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 406.00 604.38 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 441.00 604.38 Td (5,101) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 534.00 604.38 Td (4) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 604.38 Td ( %) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 71.00 590.38 Td (Parks and Resorts) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 357.00 590.38 Td (3,597) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 441.00 590.38 Td (3,391) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 534.00 590.38 Td (6) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 590.38 Td ( %) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 71.00 576.38 Td (Studio Entertainment) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 357.00 576.38 Td (1,893) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 441.00 576.38 Td (1,545) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 528.00 576.38 Td (23) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 576.38 Td ( %) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 71.00 562.38 Td (Consumer Products) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 357.00 562.38 Td (1,126) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 441.00 562.38 Td (1,013) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 528.00 562.38 Td (11) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 562.38 Td ( %) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 71.00 548.38 Td (Interactive) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 366.00 548.38 Td (403) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 450.00 548.38 Td (291) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 528.00 548.38 Td (38) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 548.38 Td ( %) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 322.00 534.38 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 351.00 534.38 Td (12,309) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 406.00 534.38 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 435.00 534.38 Td (11,341) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 534.00 534.38 Td (9) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 534.38 Td ( %) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 508.33 Td (Segment operating income:) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 71.00 492.38 Td (Media Networks) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 322.00 492.38 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 357.00 492.38 Td (1,455) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 406.00 492.38 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 441.00 492.38 Td (1,214) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 528.00 492.38 Td (20) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 492.38 Td ( %) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 71.00 478.38 Td (Parks and Resorts) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 366.00 478.38 Td (671) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 450.00 478.38 Td (577) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 528.00 478.38 Td (16) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 478.38 Td ( %) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 71.00 464.38 Td (Studio Entertainment) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 366.00 464.38 Td (409) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 450.00 464.38 Td (234) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 528.00 464.38 Td (75) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 464.38 Td ( %) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 71.00 450.38 Td (Consumer Products) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 366.00 450.38 Td (430) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 450.00 450.38 Td (346) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 528.00 450.38 Td (24) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 450.38 Td ( %) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 71.00 436.38 Td (Interactive) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 372.00 436.38 Td (55) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 462.00 436.38 Td (9) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 515.20 436.38 Td (>100 %) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 322.00 422.38 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 357.00 422.38 Td (3,020) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 406.00 422.38 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 441.00 422.38 Td (2,380) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 528.00 422.38 Td (27) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 422.38 Td ( %) Tj ET Q BT /F2 10.00 Tf ET BT /F3 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 50 362.0220703125 m 134.984375 362.0220703125 l s q 0 0 0 rg BT 50.00 363.90 Td (Media Networks) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.50 349.50 Td (Media Networks revenues for the quarter increased ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 321.39 349.50 Td (4%) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 337.39 349.50 Td ( to ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 352.72 349.50 Td ($5.3 billion) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 408.06 349.50 Td ( and segment operating income ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 335.10 Td (increased ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 98.30 335.10 Td (20%) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 120.30 335.10 Td ( to ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 135.63 335.10 Td ($1.5 billion) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 190.97 335.10 Td (. ) Tj ET Q q 0 0 0 rg BT 199.75 335.10 Td (The following table provides further detail of the Media Networks results ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 320.70 Td (\(in millions\):) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 306.30 Td (? Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 280.79999999999995 m 394.5 280.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 280.79999999999995 m 403.5 280.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 280.79999999999995 m 478.5 280.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 280.79999999999995 m 394.5 280.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 253.79999999999995 m 394.5 253.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 280.79999999999995 m 403.5 280.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 280.79999999999995 m 478.5 280.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 253.79999999999995 m 478.5 253.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 253.79999999999995 m 553.5 253.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553.5 253.79999999999995 m 562.5 253.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 211.79999999999995 m 394.5 211.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 211.79999999999995 m 478.5 211.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 198.79999999999995 m 394.5 198.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 196.79999999999995 m 394.5 196.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 198.79999999999995 m 478.5 198.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 196.79999999999995 m 478.5 196.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 153.79999999999995 m 394.5 153.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 153.79999999999995 m 478.5 153.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 140.79999999999995 m 394.5 140.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 138.79999999999995 m 394.5 138.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 140.79999999999995 m 478.5 140.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 138.79999999999995 m 478.5 138.79999999999995 l s BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 284.98 Td (? Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 363.30 284.98 Td (Quarter Ended) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 258.93 Td (? Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 325.65 269.72 Td (December 28,) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 345.50 258.72 Td (2013) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 409.65 269.72 Td (December 29,) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 429.50 258.72 Td (2012) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 507.65 258.72 Td (Change) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 242.98 Td (Revenues:) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 71.00 228.98 Td (Cable Networks) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 322.00 228.98 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 357.00 228.98 Td (3,759) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 406.00 228.98 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 441.00 228.98 Td (3,538) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 530.00 228.98 Td (6) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 228.98 Td ( %) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 71.00 214.98 Td (Broadcasting) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 357.00 214.98 Td (1,531) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 441.00 214.98 Td (1,563) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 526.00 214.98 Td (\(2) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 536.00 214.98 Td (\) %) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 322.00 200.98 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 357.00 200.98 Td (5,290) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 406.00 200.98 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 441.00 200.98 Td (5,101) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 530.00 200.98 Td (4) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 200.98 Td ( %) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 186.98 Td (Segment operating income:) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 71.00 170.98 Td (Cable Networks) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 322.00 170.98 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 357.00 170.98 Td (1,277) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 406.00 170.98 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 450.00 170.98 Td (952) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 524.00 170.98 Td (34) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 170.98 Td ( %) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 71.00 156.98 Td (Broadcasting) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 366.00 156.98 Td (178) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 450.00 156.98 Td (262) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 520.00 156.98 Td (\(32) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 536.00 156.98 Td (\) %) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 322.00 142.98 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 357.00 142.98 Td (1,455) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 406.00 142.98 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 441.00 142.98 Td (1,214) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 524.00 142.98 Td (20) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 142.98 Td ( %) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (3) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 50.00 740.70 Td (Cable Networks) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.50 726.30 Td (Operating income at Cable Networks increased $325 million to ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 379.42 726.30 Td ($1.3 billion) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 434.76 726.30 Td ( for the quarter due to ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 711.90 Td (growth at ESPN, higher equity income from ) Tj ET Q q 0 0 0 rg BT 264.63 711.90 Td (A&E ) Tj ET Q q 0 0 0 rg BT 292.75 711.90 Td (T) Tj ET Q q 0 0 0 rg BT 299.24 711.90 Td (elevision Networks \(AETN\) and, to a lesser extent, an ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 697.50 Td (improvement at the domestic Disney Channels. Higher operating income at ESPN was due to increased ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 683.10 Td (af) Tj ET Q q 0 0 0 rg BT 59.11 683.10 Td (filiate and advertising revenues and the absence of equity losses as a result of the prior) Tj ET Q q 0 0 0 rg BT 473.73 683.10 Td (-year sale of our ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 668.70 Td (interest in the ESPN ST) Tj ET Q q 0 0 0 rg BT 163.70 668.70 Td (AR Sports joint venture. ) Tj ET Q q 0 0 0 rg BT 286.81 668.70 Td (The increase in af) Tj ET Q q 0 0 0 rg BT 372.21 668.70 Td (filiate revenue was driven by ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 654.30 Td (contractual rate increases, partially of) Tj ET Q q 0 0 0 rg BT 230.02 654.30 Td (fset by a decrease as a result of the sale of ESPN UK in the fourth ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 639.90 Td (quarter of the prior year) Tj ET Q q 0 0 0 rg BT 163.95 639.90 Td (. Growth in ESPN advertising revenues was due to an increase in rates and units ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 625.50 Td (delivered, partially of) Tj ET Q q 0 0 0 rg BT 153.41 625.50 Td (fset by lower ratings. Programming and production costs were comparable to the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 611.10 Td (prior year as an increase due to higher contractual rates for NFL) Tj ET Q q 0 0 0 rg BT 357.09 611.10 Td ( and college football was lar) Tj ET Q q 0 0 0 rg BT 492.49 611.10 Td (gely of) Tj ET Q q 0 0 0 rg BT 525.93 611.10 Td (fset by ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 596.70 Td (a decrease due to the sale of ESPN UK. Higher equity income from ) Tj ET Q q 0 0 0 rg BT 379.57 596.70 Td (AETN reflected lower programming ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 582.30 Td (and marketing costs and higher advertising revenues. Growth at the domestic Disney Channels was ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 567.90 Td (primarily due to higher af) Tj ET Q q 0 0 0 rg BT 173.08 567.90 Td (filiate revenues from contractual rate increases.) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 50.00 525.10 Td (Br) Tj ET Q q 0 0 0 rg BT 61.55 525.10 Td (oadcasting) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.50 510.70 Td (Operating income at Broadcasting decreased $84 million to ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 361.08 510.70 Td ($178 million) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 422.75 510.70 Td ( for the quarter due to higher ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 496.30 Td (programming costs, lower program sales and decreased advertising revenue, partially of) Tj ET Q q 0 0 0 rg BT 472.30 496.30 Td (fset by higher ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 481.90 Td (af) Tj ET Q q 0 0 0 rg BT 59.11 481.90 Td (filiate revenues and lower general and administrative expenses. Higher programming costs were due to ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 467.50 Td (higher program write-of) Tj ET Q q 0 0 0 rg BT 165.74 467.50 Td (fs and a contractual rate increase for ) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 342.64 467.50 Td (Modern Family) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 417.62 467.50 Td (. ) Tj ET Q q 0 0 0 rg BT 426.41 467.50 Td (The decline in program ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 453.10 Td (sales reflected higher sales of ) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 194.27 453.10 Td (Revenge) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 234.90 453.10 Td ( and ) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 258.23 453.10 Td (Army W) Tj ET Q q 0 0 0 rg BT 296.56 453.10 Td (ives) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 315.21 453.10 Td ( in the prior) Tj ET Q q 0 0 0 rg BT 371.29 453.10 Td (-year quarter) Tj ET Q q 0 0 0 rg BT 432.25 453.10 Td (. Lower advertising ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 438.70 Td (revenue was driven by a decrease at the owned television stations, partially of) Tj ET Q q 0 0 0 rg BT 423.32 438.70 Td (fset by an increase at the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 424.30 Td (ABC ) Tj ET Q q 0 0 0 rg BT 77.46 424.30 Td (T) Tj ET Q q 0 0 0 rg BT 83.95 424.30 Td (elevision Network. ) Tj ET Q q 0 0 0 rg BT 178.04 424.30 Td (The increase at the ) Tj ET Q q 0 0 0 rg BT 270.66 424.30 Td (ABC ) Tj ET Q q 0 0 0 rg BT 298.12 424.30 Td (T) Tj ET Q q 0 0 0 rg BT 304.61 424.30 Td (elevision Network was due to higher rates and more ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 409.90 Td (units delivered, partially of) Tj ET Q q 0 0 0 rg BT 179.74 409.90 Td (fset by lower ratings. ) Tj ET Q q 0 0 0 rg BT 286.39 409.90 Td (Af) Tj ET Q q 0 0 0 rg BT 298.84 409.90 Td (filiate revenue growth reflected higher contractual ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 395.50 Td (rates. Lower general and administrative expenses were driven by lower labor costs primarily as a result of ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 381.10 Td (decreased pension and postretirement medical costs.) Tj ET Q BT /F3 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 50 329.0220703125 m 144.001953125 329.0220703125 l s q 0 0 0 rg BT 50.00 330.90 Td (Parks and Resorts) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.50 316.50 Td (Parks and Resorts revenues for the quarter increased ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 327.07 316.50 Td (6%) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 343.07 316.50 Td ( to ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 358.40 316.50 Td ($3.6 billion) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 413.74 316.50 Td ( and segment operating ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 302.10 Td (income increased ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 136.63 302.10 Td (16%) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 158.62 302.10 Td ( to ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 173.96 302.10 Td ($671 million) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 235.63 302.10 Td (. Operating income growth for the quarter was primarily due to ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 287.70 Td (increased guest spending at our domestic parks and resorts, which reflected higher average ticket prices ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 273.30 Td (and food, beverage and merchandise spending. ) Tj ET Q q 0 0 0 rg BT 280.70 273.30 Td (The increase in guest spending was partially of) Tj ET Q q 0 0 0 rg BT 506.08 273.30 Td (fset by ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 258.90 Td (higher costs for the continued roll out of ) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 246.62 258.90 Td (MyMagic+) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 300.70 258.90 Td ( and labor and other cost inflation, partially of) Tj ET Q q 0 0 0 rg BT 521.42 258.90 Td (fset by ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 244.50 Td (lower pension and postretirement medical costs. ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 73.00 230.10 Td (Operating income at our international parks and resorts was comparable to the prior) Tj ET Q q 0 0 0 rg BT 474.63 230.10 Td (-year quarter as ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 215.70 Td (increased guest spending at Disneyland Paris and Hong Kong Disneyland Resort and higher attendance at ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 201.30 Td (Hong Kong Disneyland Resort were lar) Tj ET Q q 0 0 0 rg BT 240.07 201.30 Td (gely of) Tj ET Q q 0 0 0 rg BT 273.51 201.30 Td (fset by lower attendance and occupied room nights at ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 186.90 Td (Disneyland Paris. ) Tj ET Q BT /F3 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 50 132.02207031249998 m 161.673828125 132.02207031249998 l s q 0 0 0 rg BT 50.00 133.90 Td (Studio Entertainment) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.50 119.50 Td (Studio Entertainment revenues increased ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 271.77 119.50 Td (23%) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 293.76 119.50 Td ( to ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 309.10 119.50 Td ($1.9 billion) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 364.43 119.50 Td ( and segment operating income ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 105.10 Td (increased 75% to ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 135.63 105.10 Td ($409 million) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 197.30 105.10 Td (. Higher operating income was due to an increase in worldwide theatrical ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 90.70 Td (distribution results and, to a lesser extent, increases in domestic home entertainment and television/) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 76.30 Td (subscription video on demand \(TV/SVOD\) distribution. ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.50 61.90 Td (Higher theatrical results reflected the strength of ) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 308.07 61.90 Td (Fr) Tj ET Q q 0 0 0 rg BT 319.63 61.90 Td (ozen) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 341.62 61.90 Td ( and Marvel's ) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 409.43 61.90 Td (Thor: The Dark W) Tj ET Q q 0 0 0 rg BT 497.33 61.90 Td (orld) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 517.33 61.90 Td ( in the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 47.50 Td (current quarter) Tj ET Q q 0 0 0 rg BT 120.48 47.50 Td (, compared to ) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 189.12 47.50 Td (W) Tj ET Q q 0 0 0 rg BT 198.45 47.50 Td (r) Tj ET Q q 0 0 0 rg BT 202.68 47.50 Td (eck-It Ralph) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 261.65 47.50 Td ( and no Marvel film in wide release in the prior) Tj ET Q q 0 0 0 rg BT 488.67 47.50 Td (-year quarter) Tj ET Q q 0 0 0 rg BT 549.63 47.50 Td (.) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (4) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.50 740.70 Td (The increase in domestic home entertainment was driven by lower per unit cost of sales and ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 726.30 Td (decreased marketing costs, partially of) Tj ET Q q 0 0 0 rg BT 234.71 726.30 Td (fset by lower unit sales. ) Tj ET Q q 0 0 0 rg BT 354.14 726.30 Td (The decrease in marketing costs was due ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 711.90 Td (to fewer significant releases in the current quarter) Tj ET Q q 0 0 0 rg BT 287.56 711.90 Td (.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.50 697.50 Td (The operating income increase in ) Tj ET Q q 0 0 0 rg BT 235.21 697.50 Td (TV/SVOD distribution was due to higher international sales in the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 683.10 Td (current quarter) Tj ET Q q 0 0 0 rg BT 120.48 683.10 Td (, partially of) Tj ET Q q 0 0 0 rg BT 179.24 683.10 Td (fset by a decrease in SVOD revenues due to a domestic sale of library titles in ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 668.70 Td (the prior) Tj ET Q q 0 0 0 rg BT 90.75 668.70 Td (-year quarter) Tj ET Q q 0 0 0 rg BT 151.71 668.70 Td (.) Tj ET Q BT /F3 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 50 616.0220703125 m 151.89453125 616.0220703125 l s q 0 0 0 rg BT 50.00 617.90 Td (Consumer) Tj ET Q q 0 0 0 rg BT 103.12 617.90 Td ( Pr) Tj ET Q q 0 0 0 rg BT 118.55 617.90 Td (oducts) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.50 603.50 Td (Consumer Products revenues increased ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 263.78 603.50 Td (1) Tj ET Q q 0 0 0 rg BT 269.33 603.50 Td (1%) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 285.33 603.50 Td ( to ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 300.66 603.50 Td ($1.1 billion) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 356.00 603.50 Td ( and segment operating income increased ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (24%) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 589.10 Td ( to ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 87.33 589.10 Td ($430 million) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 149.00 589.10 Td (. Higher operating income was due to increases at our Merchandise Licensing and ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 574.70 Td (Retail businesses.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.50 560.30 Td (The increase in operating income at Merchandise Licensing was due to the inclusion of Lucasfilm ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 545.90 Td (and higher revenues from the performance of ) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 270.24 545.90 Td (Planes) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 302.90 545.90 Td (, Disney Junior and ) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 399.22 545.90 Td (Monsters University) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 496.87 545.90 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 531.50 Td (merchandise) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 110.64 531.50 Td (,) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 113.64 531.50 Td ( partially of) Tj ET Q q 0 0 0 rg BT 169.40 531.50 Td (fset by lower revenue from sales of Cars and Spider) Tj ET Q q 0 0 0 rg BT 418.09 531.50 Td (-Man merchandise. ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.50 517.10 Td (At our Retail business, higher operating income for the quarter was driven by an increase in North ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 502.70 Td (America due to comparable store sales growth and higher online sales.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.50 488.30 Td ( ) Tj ET Q BT /F3 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 50 448.0220703125 m 105.974609375 448.0220703125 l s q 0 0 0 rg BT 50.00 449.90 Td (Interactive) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.50 435.50 Td (Interactive revenues for the quarter increased ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 292.38 435.50 Td (38%) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 314.38 435.50 Td ( to ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 329.71 435.50 Td ($403 million) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 391.38 435.50 Td ( and segment operating income ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (increased $46 million to ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 169.31 421.10 Td ($55 million) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 224.98 421.10 Td (. Higher operating income was due to an increase at our console ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 406.70 Td (games business driven by the success of ) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 245.63 406.70 Td (Disney Infinity) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 316.61 406.70 Td ( in the current quarter compared to ) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 486.20 406.70 Td (Epic Mickey 2) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 554.83 406.70 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 392.30 Td (in the prior) Tj ET Q q 0 0 0 rg BT 103.08 392.30 Td (-year quarter and growth from our Japan mobile business. ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 50.00 321.90 Td (OTHER FINANCIAL) Tj ET Q q 0 0 0 rg BT 163.68 321.90 Td ( INFORMA) Tj ET Q q 0 0 0 rg BT 224.45 321.90 Td (TION) Tj ET Q BT /F3 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 50 286.2220703125 m 279.79296875 286.2220703125 l s q 0 0 0 rg BT 50.00 288.10 Td (Corporate and Unallocated Shar) Tj ET Q q 0 0 0 rg BT 217.45 288.10 Td (ed Expenses) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 74.00 273.70 Td (Corporate and unallocated shared expenses decreased $7 million to $1) Tj ET Q q 0 0 0 rg BT 411.11 273.70 Td (16 million due to the timing of ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 259.30 Td (charitable contributions and allocations to operating segments.) Tj ET Q BT /F3 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 50 223.6220703125 m 206.755859375 223.6220703125 l s q 0 0 0 rg BT 50.00 225.50 Td (Inter) Tj ET Q q 0 0 0 rg BT 75.78 225.50 Td (est Income/\(Expense\), net) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 74.00 211.10 Td (Interest income/\(expense\), net was as follows \(in millions\):) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 196.70 Td (? Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 172.20000000000005 m 394.5 172.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 172.20000000000005 m 403.5 172.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 172.20000000000005 m 478.5 172.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 145.20000000000005 m 394.5 145.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 145.20000000000005 m 478.5 145.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 145.20000000000005 m 553.5 145.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553.5 145.20000000000005 m 562.5 145.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 145.20000000000005 m 394.5 145.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 145.20000000000005 m 478.5 145.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 117.20000000000005 m 394.5 117.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 117.20000000000005 m 478.5 117.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 104.20000000000005 m 394.5 104.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 102.20000000000005 m 394.5 102.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 104.20000000000005 m 478.5 104.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 102.20000000000005 m 478.5 102.20000000000005 l s BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 175.38 Td () Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 363.30 175.38 Td (Quarter Ended) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 150.33 Td (? Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 325.65 161.12 Td (December 28,) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 345.50 150.12 Td (2013) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 409.65 161.12 Td (December 29,) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 429.50 150.12 Td (2012) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 507.65 150.12 Td (Change) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 134.38 Td (Interest expense) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 322.00 134.38 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 368.00 134.38 Td (\(81) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 384.00 134.38 Td (\)) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 406.00 134.38 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 452.00 134.38 Td (\(92) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 468.00 134.38 Td (\)) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 528.00 134.38 Td (12) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 134.38 Td ( %) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 120.38 Td (Interest and investment income) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 366.00 120.38 Td (130) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 456.00 120.38 Td (20) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 515.20 120.38 Td (>100 %) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 106.38 Td (Interest income/\(expense\), net) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 322.00 106.38 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 372.00 106.38 Td (49) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 406.00 106.38 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 452.00 106.38 Td (\(72) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 468.00 106.38 Td (\)) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 522.65 106.38 Td (nm) Tj ET Q BT /F2 10.00 Tf ET BT /F2 12.00 Tf ET q 0 0 0 rg BT 74.00 80.30 Td (The decrease in interest expense for the quarter was primarily due to lower ef) Tj ET Q q 0 0 0 rg BT 445.29 80.30 Td (fective interest rates. ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 65.90 Td (The increase in interest and investment income for the quarter was due to gains on sales of investments.) Tj ET Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (5) Tj ET Q BT /F3 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 50 724.4220703125 m 119.673828125 724.4220703125 l s q 0 0 0 rg BT 50.00 726.30 Td (Income ) Tj ET Q q 0 0 0 rg BT 90.78 726.30 Td (T) Tj ET Q q 0 0 0 rg BT 97.68 726.30 Td (axes) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 74.00 711.90 Td (The ef) Tj ET Q q 0 0 0 rg BT 104.76 711.90 Td (fective income tax rate was as follows:) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 697.50 Td (? Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 672 m 394.5 672 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 672 m 403.5 672 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 672 m 478.5 672 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 672 m 394.5 672 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 645 m 394.5 645 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 672 m 403.5 672 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 672 m 478.5 672 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 645 m 478.5 645 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 645 m 538.5 645 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 538.5 645 m 562.5 645 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 645 m 394.5 645 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 645 m 478.5 645 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 645 m 538.5 645 l s BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 676.18 Td (? Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 363.30 676.18 Td (QuarterEnded) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 650.13 Td (? Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 325.65 660.92 Td (December 28,) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 345.50 649.92 Td (2013) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 409.65 660.92 Td (December 29,) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 429.50 649.92 Td (2012) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 507.65 649.92 Td (Change) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 634.18 Td (Effective Income Tax Rate) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 357.00 634.18 Td (35.2) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 378.00 634.18 Td (%) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 441.00 634.18 Td (29.1) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 462.00 634.18 Td (%) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 515.00 634.18 Td (\(6.1) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 534.00 634.18 Td (\)) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 541.00 634.18 Td (ppt) Tj ET Q BT /F2 10.00 Tf ET BT /F2 12.00 Tf ET q 0 0 0 rg BT 74.00 608.10 Td ( ) Tj ET Q q 0 0 0 rg BT 76.78 608.10 Td (The increase in the ef) Tj ET Q q 0 0 0 rg BT 179.84 608.10 Td (fective income tax rate for the quarter was primarily due to tax benefits ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 593.70 Td (recognized in the prior) Tj ET Q q 0 0 0 rg BT 158.71 593.70 Td (-year quarter) Tj ET Q q 0 0 0 rg BT 219.68 593.70 Td (. ) Tj ET Q q 0 0 0 rg BT 225.46 593.70 Td (These benefits included an increase in prior) Tj ET Q q 0 0 0 rg BT 434.47 593.70 Td (-year earnings from ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 579.30 Td (foreign operations indefinitely reinvested outside the United States and subject to tax rates lower than the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 564.90 Td (federal statutory income tax rate and the favorable resolution of certain tax matters.) Tj ET Q BT /F3 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 50 501.8220703125 m 104.33984375 501.8220703125 l s q 0 0 0 rg BT 50.00 503.70 Td (Cash Flow) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 74.00 489.30 Td (Cash provided by operations and free cash flow were as follows \(in millions\):) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 474.90 Td (? Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 449.4 m 394.5 449.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 449.4 m 403.5 449.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 449.4 m 478.5 449.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 422.4 m 394.5 422.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 422.4 m 478.5 422.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 422.4 m 562.5 422.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 422.4 m 394.5 422.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 422.4 m 478.5 422.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 392.4 m 394.5 392.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 392.4 m 478.5 392.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 392.4 m 562.5 392.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 377.4 m 394.5 377.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 375.4 m 394.5 375.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 377.4 m 478.5 377.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 375.4 m 478.5 375.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 377.4 m 562.5 377.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 375.4 m 562.5 375.4 l s BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 453.58 Td (? Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 363.30 453.58 Td (Quarter Ended) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 427.53 Td (? Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 325.65 438.32 Td (December 28,) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 345.50 427.32 Td (2013) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 409.65 438.32 Td (December 29,) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 429.50 427.32 Td (2012) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 507.65 427.32 Td (Change) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 411.58 Td (Cash provided by operations) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 322.00 411.58 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 357.00 411.58 Td (1,212) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 406.00 411.58 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 441.00 411.58 Td (1,144) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 490.00 411.58 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 411.58 Td (68) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 396.58 Td (Investments in parks, resorts and other property) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 362.00 396.58 Td (\(658) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 384.00 396.58 Td (\)) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 446.00 396.58 Td (\(545) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 468.00 396.58 Td (\)) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 530.00 396.58 Td (\(113) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 552.00 396.58 Td (\)) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 381.53 Td (Free cash flow ) Tj ET Q BT /F2 12.00 Tf ET BT /F2 7.80 Tf ET q 0 0 0 rg BT 126.64 386.97 Td (\(1\)) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 322.00 381.53 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 366.00 381.53 Td (554) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 406.00 381.53 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 450.00 381.53 Td (599) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 490.00 381.53 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 536.00 381.53 Td (\(45) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 552.00 381.53 Td (\)) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 364.90 Td (? Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 62.45 357.43 Td (\(1\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.45 352.90 Td (Free cash flow is not a financial measure defined by GAAP) Tj ET Q q 0 0 0 rg BT 317.60 352.90 Td (. See the discussion of non-GAAP) Tj ET Q q 0 0 0 rg BT 454.44 352.90 Td ( financial measures that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.45 340.90 Td (follows.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 74.00 317.50 Td (Cash provided by operations for the first ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 271.63 317.50 Td (quarter) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 305.60 317.50 Td ( of fiscal 2014 increased ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 425.89 317.50 Td (6%) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 441.89 317.50 Td ( or ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 457.88 317.50 Td ($68 million) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 513.55 317.50 Td ( to ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 528.89 317.50 Td ($1.2 ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 303.10 Td (billion) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 81.34 303.10 Td ( as compared to the first ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 199.96 303.10 Td (quarter) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 233.94 303.10 Td ( of fiscal 2013. ) Tj ET Q q 0 0 0 rg BT 308.71 303.10 Td (The increase in cash provided by operations was ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 288.70 Td (driven by higher segment operating results, partially of) Tj ET Q q 0 0 0 rg BT 313.71 288.70 Td (fset by increased film and television programming ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 274.30 Td (and production spending at Media Networks and Studio Entertainment and an increase in receivables at ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 259.90 Td (Studio Entertainment driven by higher revenues.) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (6) Tj ET Q BT /F3 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 50 739.0220703125 m 296.251953125 739.0220703125 l s q 0 0 0 rg BT 50.00 740.90 Td (Capital Expenditur) Tj ET Q q 0 0 0 rg BT 149.47 740.90 Td (es and Depr) Tj ET Q q 0 0 0 rg BT 210.59 740.90 Td (eciation Expense) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 74.00 726.50 Td (Investments in parks, resorts and other property were as follows \(in millions\):) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 712.10 Td (? Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 686.6 m 478.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 686.6 m 487.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 686.6 m 562.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 686.6 m 478.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 659.6 m 478.5 659.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 686.6 m 487.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 686.6 m 562.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 659.6 m 562.5 659.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 614.6 m 478.5 614.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 614.6 m 562.5 614.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 599.6 m 478.5 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 599.6 m 562.5 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 554.6 m 478.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 554.6 m 562.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 539.6 m 478.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 539.6 m 562.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 539.6 m 478.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 539.6 m 562.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 479.6 m 478.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 479.6 m 562.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 465.6 m 478.5 465.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 463.6 m 478.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 465.6 m 562.5 465.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 463.6 m 562.5 463.6 l s BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 690.78 Td (? Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 447.30 690.78 Td (Quarter Ended) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 664.73 Td (? Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 409.65 675.52 Td (December 28,) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 429.50 664.52 Td (2013) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 493.65 675.52 Td (December 29,) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 513.50 664.52 Td (2012) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 648.78 Td (Media Networks) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 71.00 633.78 Td (Cable Networks) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 406.00 633.78 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 456.00 633.78 Td (32) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 490.00 633.78 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 633.78 Td (31) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 71.00 618.78 Td (Broadcasting) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 456.00 618.78 Td (13) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 618.78 Td (12) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 89.00 603.78 Td (Total Media Networks) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 456.00 603.78 Td (45) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 603.78 Td (43) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 588.78 Td (Parks and Resorts) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 71.00 573.78 Td (Domestic) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 450.00 573.78 Td (215) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 534.00 573.78 Td (242) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 71.00 558.78 Td (International) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 450.00 558.78 Td (324) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 534.00 558.78 Td (176) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 89.00 543.78 Td (Total Parks and Resorts) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 450.00 543.78 Td (539) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 534.00 543.78 Td (418) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 528.78 Td (Studio Entertainment) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 456.00 528.78 Td (13) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 528.78 Td (10) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 513.78 Td (Consumer Products) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 462.00 513.78 Td (6) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 546.00 513.78 Td (6) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 498.78 Td (Interactive) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 456.00 498.78 Td (? Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 546.00 498.78 Td (3) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 483.78 Td (Corporate) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 456.00 483.78 Td (55) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 483.78 Td (65) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 468.78 Td (Total investments in parks, resorts and other property) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 406.00 468.78 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 450.00 468.78 Td (658) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 490.00 468.78 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 534.00 468.78 Td (545) Tj ET Q BT /F2 10.00 Tf ET BT /F2 12.00 Tf ET q 0 0 0 rg BT 74.00 441.70 Td (Capital expenditures increased from ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 250.60 441.70 Td ($545 million) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 312.27 441.70 Td ( to ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 327.61 441.70 Td ($658 million) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 389.28 441.70 Td ( due to an increase at Parks and ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 427.30 Td (Resorts from higher construction spending for Shanghai Disney Resort in the current quarter as compared ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 412.90 Td (to the prior) Tj ET Q q 0 0 0 rg BT 103.08 412.90 Td (-year quarter) Tj ET Q q 0 0 0 rg BT 164.04 412.90 Td (.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 74.00 384.10 Td (Depreciation expense was as follows \(in millions\):) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 369.70 Td (? Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 344.20000000000005 m 478.5 344.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 344.20000000000005 m 487.5 344.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 344.20000000000005 m 562.5 344.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 317.20000000000005 m 478.5 317.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 317.20000000000005 m 562.5 317.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 275.20000000000005 m 478.5 275.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 275.20000000000005 m 562.5 275.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 261.20000000000005 m 478.5 261.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 261.20000000000005 m 562.5 261.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 219.20000000000005 m 478.5 219.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 219.20000000000005 m 562.5 219.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 205.20000000000005 m 478.5 205.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 205.20000000000005 m 562.5 205.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 205.20000000000005 m 478.5 205.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 205.20000000000005 m 562.5 205.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 149.20000000000005 m 478.5 149.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 149.20000000000005 m 562.5 149.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 136.20000000000005 m 478.5 136.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 134.20000000000005 m 478.5 134.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 136.20000000000005 m 562.5 136.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 134.20000000000005 m 562.5 134.20000000000005 l s BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 348.38 Td (? Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 447.30 348.38 Td (Quarter Ended) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 322.33 Td (? Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 409.65 333.12 Td (December 28,) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 429.50 322.12 Td (2013) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 493.65 333.12 Td (December 29,) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 513.50 322.12 Td (2012) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 306.38 Td (Media Networks) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 71.00 292.38 Td (Cable Networks) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 406.00 292.38 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 456.00 292.38 Td (33) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 490.00 292.38 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 292.38 Td (32) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 71.00 278.38 Td (Broadcasting) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 456.00 278.38 Td (23) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 278.38 Td (24) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 89.00 264.38 Td (Total Media Networks) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 456.00 264.38 Td (56) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 264.38 Td (56) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 250.38 Td (Parks and Resorts) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 71.00 236.38 Td (Domestic) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 450.00 236.38 Td (279) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 534.00 236.38 Td (255) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 71.00 222.38 Td (International) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 456.00 222.38 Td (86) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 222.38 Td (80) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 89.00 208.38 Td (Total Parks and Resorts) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 450.00 208.38 Td (365) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 534.00 208.38 Td (335) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 194.38 Td (Studio Entertainment) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 456.00 194.38 Td (12) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 546.00 194.38 Td (9) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 180.38 Td (Consumer Products) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 456.00 180.38 Td (12) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 180.38 Td (14) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 166.38 Td (Interactive) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 462.00 166.38 Td (1) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 546.00 166.38 Td (5) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 152.38 Td (Corporate) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 456.00 152.38 Td (58) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 152.38 Td (54) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 138.38 Td (Total depreciation expense) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 406.00 138.38 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 450.00 138.38 Td (504) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 490.00 138.38 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 534.00 138.38 Td (473) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (7) Tj ET Q BT /F3 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 50 739.0220703125 m 211.77734375 739.0220703125 l s q 0 0 0 rg BT 50.00 740.90 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 108.67 740.90 Td ( Financial Measur) Tj ET Q q 0 0 0 rg BT 201.78 740.90 Td (es) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 74.00 726.50 Td (This earnings release presents EPS excluding the impact of certain items, free cash flow) Tj ET Q q 0 0 0 rg BT 495.75 726.50 Td (, and ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 712.10 Td (aggregate segment operating income, all of which are important financial measures for the Company but ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 697.70 Td (are not financial measures defined by GAAP) Tj ET Q q 0 0 0 rg BT 263.93 697.70 Td (.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 74.00 683.30 Td (These measures should be reviewed in conjunction with the relevant GAAP) Tj ET Q q 0 0 0 rg BT 437.46 683.30 Td ( financial measures and ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 668.90 Td (are not presented as alternative measures of EPS, cash flow or net income as determined in accordance ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 654.50 Td (with GAAP) Tj ET Q q 0 0 0 rg BT 105.68 654.50 Td (. EPS excluding certain items, free cash flow) Tj ET Q q 0 0 0 rg BT 323.50 654.50 Td (, and aggregate segment operating income as we ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (have calculated them may not be comparable to similarly titled measures reported by other companies.) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 50 615.100390625 m 185.638671875 615.100390625 l s q 0 0 0 rg BT 50.00 616.70 Td (EPS excluding certain items) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 185.64 616.70 Td ( ?) Tj ET Q q 0 0 0 rg BT 197.42 616.70 Td (The Company uses EPS excluding certain items to evaluate the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 602.30 Td (performance of the Company? Tj ET Q q 0 0 0 rg BT 194.28 602.30 Td (s operations exclusive of certain items that impact the comparability of ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 587.90 Td (results from period to period. ) Tj ET Q q 0 0 0 rg BT 193.09 587.90 Td (The Company believes that information about EPS exclusive of these ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 573.50 Td (impacts is useful to investors, particularly where the impact of the excluded items is significant in relation ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 559.10 Td (to reported earnings, because the measure allows for comparability between periods of the operating ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 544.70 Td (performance of the Company? Tj ET Q q 0 0 0 rg BT 194.28 544.70 Td (s business and allows investors to evaluate the impact of these items ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 530.30 Td (separately from the impact of the operations of the business.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 74.00 506.90 Td (The following table reconciles reported EPS to EPS excluding certain items:) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 492.50 Td (? Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 468 m 394.5 468 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 468 m 403.5 468 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 468 m 478.5 468 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 441 m 394.5 441 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 468 m 478.5 468 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 441 m 478.5 441 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 441 m 553.5 441 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553.5 441 m 562.5 441 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 441 m 394.5 441 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 441 m 478.5 441 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 333 m 394.5 333 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 318 m 394.5 318 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 316 m 394.5 316 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 333 m 478.5 333 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 318 m 478.5 318 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 316 m 478.5 316 l s BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 471.18 Td (? Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 363.30 471.18 Td (QuarterEnded) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 446.13 Td (? Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 325.65 456.92 Td (December 28,) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 345.50 445.92 Td (2013) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 409.65 456.92 Td (December 29,) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 429.50 445.92 Td (2012) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 507.65 445.92 Td (Change) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 430.18 Td (Diluted EPS as reported) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 322.00 430.13 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 363.00 430.13 Td (1.03) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 406.00 430.13 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 447.00 430.13 Td (0.77) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 528.00 430.13 Td (34) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 430.13 Td ( %) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 414.18 Td (Exclude:) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 62.00 398.13 Td (T) Tj ET Q q 0 0 0 rg BT 68.49 398.13 Td (ax benefit from prior) Tj ET Q q 0 0 0 rg BT 168.55 398.13 Td (-year foreign earnings ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 71.00 386.13 Td (indefinitely reinvested outside the United States ) Tj ET Q BT /F2 12.00 Tf ET BT /F2 7.80 Tf ET q 0 0 0 rg BT 304.28 391.57 Td (\(1\)) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 372.00 386.13 Td (? Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 443.00 386.13 Td (\(0.04) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 468.00 386.13 Td (\)) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 62.00 370.13 Td (Other income/\(expense\), net ) Tj ET Q BT /F2 12.00 Tf ET BT /F2 7.80 Tf ET q 0 0 0 rg BT 201.28 375.57 Td (\(2\)) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 372.00 370.13 Td (? Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 447.00 370.13 Td (0.04) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 62.00 354.13 Td (Hulu Equity Redemption char) Tj ET Q q 0 0 0 rg BT 206.09 354.13 Td (ge ) Tj ET Q BT /F2 12.00 Tf ET BT /F2 7.80 Tf ET q 0 0 0 rg BT 220.41 359.57 Td (\(3\)) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 372.00 354.13 Td (? Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 447.00 354.13 Td (0.02) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 62.00 338.13 Td (Restructuring and impairment char) Tj ET Q q 0 0 0 rg BT 229.40 338.13 Td (ges ) Tj ET Q BT /F2 12.00 Tf ET BT /F2 7.80 Tf ET q 0 0 0 rg BT 248.39 343.57 Td (\(4\)) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 363.00 338.13 Td (0.01) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 456.00 338.13 Td (? Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 322.13 Td (Diluted EPS excluding certain items) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 322.00 322.13 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 363.00 322.13 Td (1.04) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 406.00 322.13 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 447.00 322.13 Td (0.79) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 528.00 322.13 Td (32) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 322.13 Td ( %) Tj ET Q BT /F2 10.00 Tf ET BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 303.10 Td (? Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 59.00 295.63 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.58 291.10 Td ( ) Tj ET Q q 0 0 0 rg BT 77.00 291.10 Td (The prior) Tj ET Q q 0 0 0 rg BT 114.29 291.10 Td (-year quarter includes a tax benefit due to an increase in prior) Tj ET Q q 0 0 0 rg BT 359.81 291.10 Td (-year earnings from foreign operations ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 279.10 Td (indefinitely reinvested outside the United States and subject to tax rates lower than the federal statutory income tax rate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 267.10 Td (\($64 million\).) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 59.00 259.63 Td (\(2\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 255.10 Td (The prior) Tj ET Q q 0 0 0 rg BT 114.29 255.10 Td (-year ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.32 255.10 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 165.64 255.10 Td ( includes the Celador litigation char) Tj ET Q q 0 0 0 rg BT 308.47 255.10 Td (ge \($321 million pre-tax\), partially of) Tj ET Q q 0 0 0 rg BT 458.25 255.10 Td (fset by the gain on the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 243.10 Td (sale of our interest in ESPN ST) Tj ET Q q 0 0 0 rg BT 201.74 243.10 Td (AR Sports \($219 million pre-tax and before noncontrolling interest\).) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 59.00 235.63 Td (\(3\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.58 231.10 Td ( ) Tj ET Q q 0 0 0 rg BT 77.00 231.10 Td (Our share of expense associated with an equity redemption at Hulu LLC \($55 million pre-tax\).) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 59.00 223.63 Td (\(4\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.58 219.10 Td ( ) Tj ET Q q 0 0 0 rg BT 77.00 219.10 Td (Char) Tj ET Q q 0 0 0 rg BT 96.26 219.10 Td (ges for the current ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.78 219.10 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.10 219.10 Td ( totaled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.31 219.10 Td ($19 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.70 219.10 Td ( \(pre-tax\), primarily for an investment impairment and severance and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 207.10 Td (contract termination costs.) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 50 132.30039062499998 m 120.640625 132.30039062499998 l s q 0 0 0 rg BT 50.00 133.90 Td (Free cash flow) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 120.64 133.90 Td ( ?) Tj ET Q q 0 0 0 rg BT 132.42 133.90 Td (The Company uses free cash flow \(cash provided by operations less investments in ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 119.50 Td (parks, resorts and other property\), among other measures, to evaluate the ability of its operations to ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 105.10 Td (generate cash that is available for purposes other than capital expenditures. Management believes that ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 90.70 Td (information about free cash flow provides investors with an important perspective on the cash available to ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 76.30 Td (service debt, make strategic acquisitions and investments and pay dividends or repurchase shares.) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (8) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 50 739.100390625 m 229.6015625 739.100390625 l s q 0 0 0 rg BT 50.00 740.70 Td (Aggregate segment operating income) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 229.60 740.70 Td ( ?) Tj ET Q q 0 0 0 rg BT 241.38 740.70 Td (The Company evaluates the performance of its operating segments ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 726.30 Td (based on segment operating income, and management uses aggregate segment operating income as a ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 711.90 Td (measure of the performance of operating businesses separate from non-operating factors. ) Tj ET Q q 0 0 0 rg BT 479.62 711.90 Td (The Company ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 697.50 Td (believes that information about aggregate segment operating income assists investors by allowing them to ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 683.10 Td (evaluate changes in the operating results of the Company? Tj ET Q q 0 0 0 rg BT 327.92 683.10 Td (s portfolio of businesses separate from non-) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 668.70 Td (operational factors that af) Tj ET Q q 0 0 0 rg BT 172.72 668.70 Td (fect net income, thus providing separate insight into both operations and the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 654.30 Td (other factors that af) Tj ET Q q 0 0 0 rg BT 143.40 654.30 Td (fect reported results. ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 74.00 630.90 Td (A) Tj ET Q q 0 0 0 rg BT 82.00 630.90 Td ( reconciliation of segment operating income to net income is as follows \(in millions\):) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 616.50 Td (? Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 591 m 478.5 591 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 591 m 487.5 591 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 591 m 562.5 591 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 591 m 478.5 591 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 564 m 478.5 564 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 591 m 487.5 591 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 591 m 562.5 591 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 564 m 562.5 564 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 564 m 478.5 564 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 564 m 562.5 564 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 480 m 478.5 480 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 480 m 562.5 480 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 452 m 478.5 452 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 452 m 562.5 452 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 439 m 478.5 439 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 437 m 478.5 437 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 439 m 562.5 439 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 437 m 562.5 437 l s BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 595.18 Td (? 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Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 409.65 579.92 Td (December 28,) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 429.50 568.92 Td (2013) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 493.65 579.92 Td (December 29,) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 513.50 568.92 Td (2012) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 553.18 Td (Segment operating income) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 406.00 553.18 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 441.00 553.18 Td (3,020) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 490.00 553.18 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 525.00 553.18 Td (2,380) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 539.18 Td (Corporate and unallocated shared expenses) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 446.00 539.18 Td (\(116) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 468.00 539.18 Td (\)) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 530.00 539.18 Td (\(123) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 552.00 539.18 Td (\)) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 525.18 Td (Restructuring and impairment charges) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 452.00 525.18 Td (\(19) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 468.00 525.18 Td (\)) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 540.00 525.18 Td (? Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 511.18 Td (Other income/\(expense\), net) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 462.00 511.18 Td (6) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 530.00 511.18 Td (\(102) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 552.00 511.18 Td (\)) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 497.18 Td (Interest income/\(expense\), net) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 456.00 497.18 Td (49) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 536.00 497.18 Td (\(72) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 552.00 497.18 Td (\)) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 483.18 Td (Hulu Equity Redemption charge) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 456.00 483.18 Td (? Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 536.00 483.18 Td (\(55) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 552.00 483.18 Td (\)) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 469.18 Td (Income before income taxes) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 441.00 469.18 Td (2,940) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 525.00 469.18 Td (2,028) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 455.18 Td (Income taxes) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 437.00 455.18 Td (\(1,036) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 468.00 455.18 Td (\)) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 530.00 455.18 Td (\(590) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 552.00 455.18 Td (\)) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 53.00 441.18 Td (Net income) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 406.00 441.18 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 441.00 441.18 Td (1,904) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 490.00 441.18 Td ($) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 525.00 441.18 Td (1,438) Tj ET Q BT /F2 10.00 Tf ET BT /F3 12.00 Tf ET q 0 0 0 rg BT 50.00 410.10 Td (CONFERENCE CALL) Tj ET Q q 0 0 0 rg BT 169.68 410.10 Td ( INFORMA) Tj ET Q q 0 0 0 rg BT 230.45 410.10 Td (TION) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 74.00 390.70 Td (In conjunction with this release, ) Tj ET Q q 0 0 0 rg BT 230.41 390.70 Td (The ) Tj ET Q q 0 0 0 rg BT 251.85 390.70 Td (W) Tj ET Q q 0 0 0 rg BT 262.21 390.70 Td (alt Disney Company will host a conference call today) Tj ET Q q 0 0 0 rg BT 518.69 390.70 Td (, ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 376.30 Td (February?, 2014) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 132.32 376.30 Td (, at 5:00 PM EST/2:00 PM PST) Tj ET Q q 0 0 0 rg BT 284.46 376.30 Td ( via a live ) Tj ET Q q 0 0 0 rg BT 334.23 376.30 Td (W) Tj ET Q q 0 0 0 rg BT 344.59 376.30 Td (ebcast. ) Tj ET Q q 0 0 0 rg BT 380.36 376.30 Td (T) Tj ET Q q 0 0 0 rg BT 386.85 376.30 Td (o access the ) Tj ET Q q 0 0 0 rg BT 446.94 376.30 Td (W) Tj ET Q q 0 0 0 rg BT 457.30 376.30 Td (ebcast go to ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 50 360.300390625 m 179.09375 360.300390625 l s q 0 0 0 rg BT 50.00 361.90 Td (www) Tj ET Q q 0 0 0 rg BT 75.22 361.90 Td (.disney) Tj ET Q q 0 0 0 rg BT 108.77 361.90 Td (.com/investors) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 179.09 361.90 Td (. ) Tj ET Q q 0 0 0 rg BT 184.88 361.90 Td (The discussion will be available via replay through February 19, 2014 at 7:00 ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 347.50 Td (PM EST/4:00 PM PST) Tj ET Q q 0 0 0 rg BT 159.48 347.50 Td (.) 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Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 85.60 497.70 Td (technological developments.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 74.00 474.30 Td (Such developmentsmay af) Tj ET Q q 0 0 0 rg BT 203.42 474.30 Td (fect travel and leisure businesses generally and may) Tj ET Q q 0 0 0 rg BT 451.54 474.30 Td (, among other things, ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 459.90 Td (af) Tj ET Q q 0 0 0 rg BT 59.11 459.90 Td (fect:) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 68.00 436.50 Td (?) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 86.00 436.50 Td (the performance of the Company? Tj ET Q q 0 0 0 rg BT 247.94 436.50 Td (s theatrical and home entertainment releases;) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 68.00 422.10 Td (?) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 86.00 422.10 Td (the advertising market for broadcast and cable television programming;) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 68.00 407.70 Td (?) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 86.00 407.70 Td (expenses of providing medical and pension benefits;) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 68.00 393.30 Td (?) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 86.00 393.30 Td (demand for our products; and) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 68.00 378.90 Td (?) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 86.00 378.90 Td (performance of some or all company businesses either directly or through their impact on those ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 86.00 364.50 Td (who distribute our products.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 74.00 341.10 Td (Additional factors are set forth in the Company? Tj ET Q q 0 0 0 rg BT 304.27 341.10 Td (s ) Tj ET Q q 0 0 0 rg BT 311.28 341.10 Td (Annual Report on Form 10-K for the year ended ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 326.70 Td (September?8, 2013 under Item?A, Risk Factors,?and subsequent reports.) 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