Acquisitions (Tables)

3 Months Ended

Dec. 28, 2019

The following table summarizes our current allocation of the March 20, 2019 purchase price:


	Initial Allocation⁽¹⁾		Valuation Adjustments		Updated Allocation
Cash and cash equivalents	$	25,666	$	35	$	25,701
Receivables	4,746		471		5,217
Film and television costs	20,120		(2,304)		17,816
Investments	1,471		(509)		962
Intangible assets	20,385		(2,504)		17,881
Net assets held for sale	11,704		(295)		11,409
Accounts payable and other liabilities	(10,753)		(1,705)		(12,458)
Borrowings	(21,723)		—		(21,723)
Deferred income taxes	(6,497)		1,240		(5,257)
Other net liabilities acquired	(3,865)		(144)		(4,009)
Noncontrolling interests	(10,638)		230		(10,408)
Goodwill	43,751		5,362		49,113
Fair value of net assets acquired	74,367		(123)		74,244
Less: Disney’s previously held 30% interest in Hulu	(4,860)		123		(4,737)
Total purchase price	$	69,507	$	—	$	69,507

⁽¹⁾As reported in our March 30, 2019 Form 10-Q.

In addition, the table provides the impact of intercompany eliminations of transactions between the Company, TFCF and Hulu:



TFCF (before intercompany eliminations):
Revenues	$	3,370
Net loss from continuing operations	(35)
Hulu (before intercompany eliminations):
Revenues	$	1,625
Net loss from continuing operations	(316)
Intercompany eliminations:
Revenues	$	(599)
Net loss from continuing operations	(48)

The changes in the carrying amount of goodwill for the quarter ended December 28, 2019 are as follows:


	Media Networks		Parks, Experiences and Products		Studio Entertainment					Direct-to-Consumer & International			Total




Balance at September 28, 2019	$	33,423	$	5,535		$	17,797	$	23,538		$	80,293

Acquisitions ⁽¹⁾	17		2			1		7			27

Other, net	—		—			—		(6)			(6)
Balance at December 28, 2019	$	33,440	$	5,537		$	17,798	$	23,539		$	80,314

(1) Reflects updates to allocation of purchase price for the acquisition of TFCF.