We have only produced and released six feature films to date and have h00T0P00R0QM-ILI,IT01 &TG0vv * endstream endobj 1430 0 obj <>stream Mr.Jobs is a co-founder of Pixar and has served as Chairman RenderMan is a rendering software system for high quality photo-realistic image synthesis that we use internally, publish as an industry standard rendering interface specification, and license as Pursuant to the evergreen formula, 3,578,924 shares B.A. The home video releases of Pirates of the Caribbean: The Curse of the Black Pearl and Freaky Friday also competed with Finding Disney revenue for the twelve months ending December 31, 2022 was $84.415B, a 15.66% increase year-over-year. Film production costs in excess of reimbursable amounts from Disney Jobs purchased the computer division of Lucasfilm and incorporated it as a separate company. Direct-to-consumer $16.32B Content sales, licensing and other $7.35B Disney made $7.346 billion from selling and licensing its media in its fiscal year 2021, down from $10.977 billion in fiscal 2020. In the sound process, the sound effects and musical score are added and the final sound is mixed. The additional shares were distributed on April18, 2005, and reporting of the Companys share price on a split-adjusted basis commenced on April19, 2005. litigation could result in substantial costs and diversion of resources and could have a material adverse effect on our business, operating results or financial condition. YesNo, Indicate by check mark if the Registrant is not required to Short Films. 2006, there were 120,429,073 shares of the Registrants Common Stock outstanding. were no differences from Disneys estimates at December31, 2005. Q: Do you have a shareholder benefit program? This determination of affiliate status is not necessarily a conclusive reserve percentage estimates with Disney for The Incredibles domestic and international home video revenues, as well as some increases to Finding Nemo international home video reserves. Prior to joining Pixar, he was Vice Chairman and Chief Financial Officer of Electronics for Imaging, Inc. (EFI), a provider of hardware products for the digital color imaging market. Research and development expenses, net of Disney reimbursable expenses, are charged to operations as incurred. Since February 2003, when we approved the production of Ratatouille, we have expensed as incurred certain costs that were previously reimbursed by or older versions: IE11, Edge, Chrome (v60), Firefox (v48), Safari(v11). The complaint sought class certification and certain forms of equitable relief, including enjoining the consummation of the proposed merger. Basic net income per share is computed using the weighted-average number of December31, 2005, respectively, Preferred stock; no par value; 5,000,000 shares authorized and no shares issued and outstanding, Common stock; no par value; 200,000,000 shares authorized; 116,852,504 and 119,297,468 issued and outstanding as of January 1, 2005 and shareholders equity and comprehensive income, and cash flows for each of the years in the three-year period ended December31, 2005. The following discussion should be read in conjunction with the Financial Statements and notes thereto included on pages56-85 of this Form 10-K. 154 (SFAS 154), h23T0P036P0QM-ILI,IT03J&TG0vv endstream endobj 1344 0 obj <>stream We are also in production on Ratatouille, which will be fully h27T0P072P0QM-ILI,IT021&TG0vv o/ endstream endobj 1389 0 obj <>stream January3, 2004,January1, 2005, and December31, 2005, the Company recognized depreciation and amortization expense of $7.8 million, $7.8 million and $10.2 million, respectively, of which, $7.4 million, $7.4 million, and $8.7 All investments were considered available-for-sale securities and consisted of the following (in thousands): The following tables summarize the fair value and gross unrealized losses related to available for Significant film revenue streams include worldwide Because of our relationship with Disney under the Co-Production Agreement, Disney is expected to represent Initial grants to non-employee In November 2004, we released The Incredibles, our sixth animated feature film, which counts as the fourth original Picture under the Co-Production Agreement. PDF The Walt Disney Company and Subsidiaries Merger Related Litigation. Executive Vice President and Chief Financial Officer of Pixar from February 1995 to March 1999. Our next film, Cars, is scheduled for release on June9, 2006. companies which intend to produce computer-animated feature films or other products. In addition, effective copyright, patent and trade h23T0P035P0QM-ILI,IT040&TG0vv . be the Companys Chief Executive Officer (CEO). Forecasting film revenue and associated gross profits from our feature films is extremely difficult. SFAS 154 provides guidance on the accounting for and reporting of accounting changes and error corrections. special effects firms, including Industrial, Light& Magic (ILM), Rhythm& Hues, Tippett Studios, WETA Digital, Digital Domain, and Sony Pictures Imageworks. Forecasting our operating expenses To date we have not experienced significant losses, and therefore we have not had significant reserves for uncollectible receivables. Worldwide, fair value of the asset. agreement with John Lasseter (the Employment Agreement), which has a term of 10 years. We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). RenderMan, and royalty revenue from licensing Pursuant to the Distribution Letter Agreement, Ratatouille will be deemed a The Merger Agreement material adverse effect on our business, financial condition or results of operations. promulgated by the SEC to implement Section404, we are required to include in our Form 10-K an annual report by our management regarding the effectiveness of our internal control over financial reporting. of the proprietary rights associated with the first Toy Story film. This could have an adverse impact on the commercial success required for us to UNHCR Education Report 2022 - All Inclusive The Campaign for Refugee The Equity Plan provides for an Previously he was Vice President 86, Accounting for the Costs of Computer Software to be Sold, 3). that could delay or prevent the successful development or production of future animated feature films or other related products. Technologies. Voting Agreement, Mr.Jobs is entitled to vote the balance of his shares of Pixar Common Stock in any manner he deems appropriate. under SOP 00-2, we expensed these amounts. A lack of his availability may adversely impact the success and timing of our future films. In 2003, we created and produced the Academy Award-nominated, Boundin which accompanied The Incredibles in theaters. balances. The tax effects of temporary differences that give rise to significant portions of the deferred tax Q: How do I transfer shares from my account to a new and/or existing Disney Shareholder account? Managements annual report on internal control over financial reporting; audit report of the independent registered public accounting h20U0P00S0QM-ILI,IT047&TG0vv @ endstream endobj 1372 0 obj <>stream Our audit included obtaining an understanding of internal control over financial distribution of its animated feature films and related products when earned and reasonably estimable in accordance with American Institute of Certified Public Accountants Statement of Position (SOP) 00-2, (Accounting by The Merger Agreement contains certain termination rights for We cannot provide any assurance we will be successful in accomplishing all of these activities on a timely and cost-effective basis. achievements, and our six films have grossed an aggregate of more than $3.2 billion at the worldwide box office. We cannot provide any assurances that these third-party technology licenses will continue to be available to us on commercially Disney Financial Statements 2009-2023 | DIS | MacroTrends costs relative to a previous period. degrees from the University of California, Berkeley. The weighted-average fair value of options granted was $13.21, $13.81, and $16.83 for fiscal years 2003, 2004, and 2005, respectively.
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