DIS · 8-K · 20260805PR000056
Cash Flow and Capital Expenditures
Walt Disney Co · 2026-08-05 · Importance 59 · Surprise 48 · From source text
Nine-month cash provided by operations decreased 8% to $12.515 billion from $13.627 billion, primarily because of higher income tax payments and lower Sports operating cash flow from increased sports-content spending. Free cash flow declined 24% to $5.735 billion from $7.519 billion. Investments in parks, resorts, and other property increased 11% to $6.780 billion from $6.108 billion, driven by higher spending on new theme park attractions. Disney reiterated fiscal 2026 guidance for at least $19 billion of operating cash flow and approximately $9 billion of capital expenditures.
Key facts
- Cash provided by operations in the quarter was $4,866 million, up 33% from $3,669 million in the prior-year quarter. source
- Investments in parks, resorts and other property for nine months were $6,780 million, an increase of $672 million from $6,108 million in the prior-year period. source
- Company reiterates prior full-year guidance for cash provided by operations of at least $19 billion and capital expenditures of approximately $9 billion for fiscal 2026. source
- The nine months cash provided by operations was $12,515 million, a decrease of $1,112 million from $13,627 million in the prior-year period. source
- Nine months ended June 27, 2026 cash used in investing activities: $(7,256) million. source
- Nine months ended June 28, 2025 cash used in investing activities: $(6,193) million. source
- Nine months ended June 27, 2026 investments in parks, resorts and other property: $(6,780) million, change vs prior period: $(672) million. source
- Nine months ended June 28, 2025 investments in parks, resorts and other property: $(6,108) million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | realized | — | Investments in parks, resorts and other property for nine months were $6,780 million, an increase of $672 million from $6,108 million in… |
| cash | positive | committed | — | Company reiterates prior full-year guidance for cash provided by operations of at least $19 billion and capital expenditures of… |
| cash | negative | realized | — | The nine months cash provided by operations was $12,515 million, a decrease of $1,112 million from $13,627 million in the prior-year period. |
| cash | negative | realized | — | Nine months ended June 27, 2026 cash used in investing activities: $(7,256) million. |
| cash | negative | realized | — | Nine months ended June 27, 2026 investments in parks, resorts and other property: $(6,780) million, change vs prior period: $(672) million. |