Acquisitions (Tables)

6 Months Ended

Mar. 28, 2020

Schedule of Business Acquisitions, by Acquisition

The following table summarizes our final allocation of the purchase price:


	Initial Allocation⁽¹⁾		Valuation Adjustments		Final Allocation
Cash and cash equivalents	$	25,666	$	35	$	25,701
Receivables	4,746		350		5,096
Film and television costs	20,120		(2,380)		17,740
Investments	1,471		(509)		962
Intangible assets	20,385		(2,504)		17,881
Net assets held for sale	11,704		(348)		11,356
Accounts payable and other liabilities	(10,753)		(1,776)		(12,529)
Borrowings	(21,723)		—		(21,723)
Deferred income taxes	(6,497)		1,397		(5,100)
Other net liabilities acquired	(3,865)		(114)		(3,979)
Noncontrolling interests	(10,638)		230		(10,408)
Goodwill	43,751		5,496		49,247
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.

Business Acquisition, Summarized Financial Information of Acquiree [Table Text Block]

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


	Quarter		Six Months
TFCF (before intercompany eliminations):
Revenues	$	3,483	$	6,853
Net loss from continuing operations	(201)		(236)
Hulu (before intercompany eliminations):
Revenues	$	1,659	$	3,284
Net loss from continuing operations	(287)		(603)
Intercompany eliminations:
Revenues	$	(793)	$	(1,392)
Net loss from continuing operations	(83)		(131)

Business Acquisition, Pro Forma Information

The following pro forma summary presents consolidated information of the Company for the six months ended March 30, 2019 as if the acquisition had occurred on October 1, 2017:


Revenues	$	38,598
Net income	4,171
Net income attributable to Disney	4,240
Earnings per share attributable to Disney:
Diluted	$	2.35
Basic	$	2.36

Schedule of Goodwill

The changes in the carrying amount of goodwill for the six months ended March 28, 2020 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⁾	133		2			15		10			160

Currency translation adjustments and other, net	—		—			—		(133)			(133)
Balance at March 28, 2020	$	33,556	$	5,537		$	17,812	$	23,415		$	80,320

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