Question

use either EDGAR or a companys website to locate their annual report. discuss a few highlights of their financial statements including the definition of the line items you are highlighting and what it tells you about the company

Answer 1

Meaning Of Annual Report:- An annual report is a comprehensive report on a company's activities throughout the preceding year. Annual reports are intended to give shareholders and other interested people which provides information about the company's activities and financial performance. Most laws require companies to prepare and disclose annual reports, and many require the annual report to be filed at the company's registry. Companies listed on a stock exchange are also required to report at more frequent intervals (depending upon the rules of the stock exchange involved).

Respected Candidates For meet the question requirement here, I select the Annual Report (Fiscal Year - 2019) of "Walt Desney" which is a leading entertainment company since October-1923.

Term-1 (Revenue)

Defination :- It is the income generated from normal business operations and includes discounts and deductions for returned merchandise. It is the top line or gross income figure from which costs are subtracted to determine net income. It includes both type of revenue Operating and Non-Operating.

Note:- Figures In Millions In ($)                                                      Change in %age

                                  2019            2018           2017.              2019 Vs 2018   2018 Vs 2017

Revenue                  

From Services        60542          50869            46843            19%                        9%

From Product           9028            8565              8294    5%                        3%

Total Revenue         69570           59434           55137             17%                       8%

Analysis:-

Service revenues for fiscal 2019 increased 19%, or $9.7 billion, to $60.5 billion,
Hulu’s operations and to a lesser extent, growth at our legacy operations. The increase at our legacy operations was due to
higher guest spending at our theme parks and resorts, an increase in affiliate fees, higher theatrical distribution revenue and
growth in merchandise licensing. These increases were partially offset by lower ABC Studios program sales. Service revenue
reflected an approximate 1 percentage point decrease due to the movement of the U.S. dollar against major currencies including
the impact of our hedging program (Foreign Exchange Impact).
Product revenues for fiscal 2019 increased 5%, or $0.5 billion, to $9.0 billion, due to the consolidation of TFCF’s
operations and growth at our legacy operations. The increase at our legacy operations was due to guest spending growth at our
theme parks and resorts, partially offset by lower home entertainment volumes. Product revenue reflected an approximate 1
percentage point decrease due to an unfavorable Foreign Exchange Impact.

Term - 2 (Expenses incluiding Taxes)

Meaning :- Cost & expresses the amount of money that is spent on the production or creation of a good or service. It does not include a mark-up for profit.

Note:- Figures In Millions In ($)                                                      Change in %age

                                  2019            2018           2017.              2019 Vs 2018   2018 Vs 2017

Cost & Expenses   58516            46836      46157                    24.93            1.47

     Note :- The cost & expenes includes all types of expenses (exp. related to services provided and sale of products, depriciation & amortisation, adjusted other incomes etc)

Term -3 (Net Income Attributes to Disney)

Meaning :- The net income is a measure of the profitability of a venture. It is an entity's income minus cost of goods sold, expenses, depreciation and amortization, interest, and taxes for an accounting period.

                         2019      2018           2017.      2019 Vs 2018              2018 Vs 2017

Net Income     11,054        12,598           8,980                  (12%)                       40%

Analysis:- Net Income for the fiscal year 2019 is decreased by (12 %) in comparison to the last year whereas for the fiscal year it increased by 40% in comparison to fiscal year 2017.

It disclosed that the company making loss in 2019 which may be happend due to increase in cost and other expenses and increasing the taxes.