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DIS » Topics » Other Income (Expense)

These excerpts taken from the DIS 10-K filed Dec 2, 2009.

Other Income (Expense)

Other income (expense) is as follows (in millions):

 

               2009                      2008                      2007        

Gain on Lifetime/AETN transaction (1)

        $         228            $ —             $ —     

Gain on sale of investment in two pay television services in Latin America

        114            —             —     

Gain related to the acquisition of the Disney Stores North America

        —            18             —     

Gain on sale of movies.com

        —            14             —     

Bad debt charge for Lehman Brothers receivable

        —            (91)            —     

Gain on sale of equity investment in E! Entertainment

        —            —             780     

Gain on sale of equity investment in Us Weekly

        —            —             272     

Equity-based compensation plan modification charge

        —            —             (48)    
                          

Other income (expense)

        $         342            $             (59)            $         1,004     
                          

 

(1)

On September 15, 2009, the Company and Hearst both contributed their 50% interest in Lifetime to AETN in exchange for an increased interest in AETN. The transaction resulted in a $228 million non-cash gain. See Note 4 to the Consolidated Financial Statements for further details of this transaction.

Other income (expense)

Other income (expense) is as follows:

 

               2009                      2008                      2007        

Gain on Lifetime/AETN transaction

        $         228            $         —             $         —     

Gain on sale of investment in two pay television services in Latin America

        114            —             —     

Gain related to the acquisition of the Disney Stores North America

        —            18             —     

Gain on sale of movies.com

        —            14             —     

Bad debt charge for Lehman Brothers receivable

        —            (91)            —     

Gain on sale of equity investment in E!

        —            —             780     

Gain on sale of equity investment in Us Weekly

        —            —             272     

Equity-based compensation plan modification charge

        —            —             (48)    
                          

Other income (expense)

        $ 342            $ (59)            $ 1,004     
                          

 

6 Investments

Investments consist of the following:

 

         October 3,  
2009		        September 27,  
2008

Investments, equity basis (1)

        $         2,173            $         1,873    

Investments, other

        341            334    

Investment in aircraft leveraged leases

        40            42    
                 
       $ 2,554            $ 2,249    
                 

 

(1)

Equity investments consist of investments in companies over which the Company has significant influence but not the majority of the equity or risks and rewards.

 

80

Table of Contents
This excerpt taken from the DIS 8-K filed Nov 12, 2009.

Other Income (Expense)

Other Income (Expense) was as follows (in millions):

 

     Year Ended     Quarter Ended  
     Oct. 3,
2009		    Sept. 27,
2008		     Oct. 3,
2009		    Sept. 27,
2008		  

Gain on Lifetime/A&E transaction

    $ 228    $ —        $ 228    $ —     

Gain on sale of investment in two pay television services in Latin America

      114      —          —        —     

Gain related to the acquisition of the Disney Stores in North America

      —        18        —        —     

Gain on sale of movies.com

      —        14        —        —     

Bad debt charge for Lehman Brothers receivable

      —        (91 )      —        (91 ) 
                              

Other Income (Expense)

    $ 342    $ (59 )    $ 228    $ (91 ) 
                              

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Dec 2, 2009
8-K
Nov 12, 2009

RELATED TOPICS for DIS:

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