2005 Annual Report
SUMMARY FINANCIAL HIGHLIGHTS ($ in millions, except per share amounts) 2001 2002 2003 2004 2005 Revenues Media Networks $ 9,569 $ 9,733 $10,941 $11,778 $13,207 Parks and Resorts 7,004 6,465 6,412 7,750 9,023 Studio Entertainment 6,009 6,691 7,364 8,713 7,587 Consumer Products 2,590 2,440 2,344 2,511 2,127 $25,172 $25,329 $27,061 $30,752 $31,944 Segment operating income1 Media Networks $ 1,758 $ 986 $ 1,213 $ 2,169 $ 2,749 Parks and Resorts 1,586 1,169 957 1,123 1,178 Studio Entertainment 260 273 620 662 207 Consumer Products 401 394 384 534 520 4,005 2,822 3,174 4,488 4,654 Stock option expense 203 Segment operating income adjusted to exclude the impact of stock option expense1 $ 4,005 $ 2,822 $ 3,174 $ 4,488 $ 4,857 Diluted earnings per share before the cumulative effect of accounting changes $ 0.11 $ 0.60 $ 0.65 $ 1.12 $ 1.24 Stock option expense per share 0.08 Diluted earnings per share before the cumulative effect of accounting changes and adjusted to exclude the impact of stock option expense1 $ 0.11 $ 0.60 $ 0.65 $ 1.12 $ 1.32 Cash provided by operations $ 3,048 $ 2,286 $ 2,901 $ 4,370 $ 4,269 Free cash flow 1 $ 1,253 $ 1,200 $ 1,852 $ 2,943 $ 2,446 Effect of Euro Disney and Hong Kong Disneyland consolidation 202 594 Free cash flow excluding Euro Disney and Hong Kong Disneyland1 $ 1,253 $ 1,200 $ 1,852 $ 3,145 $ 3,040 SEGMENT OPERATING DILUTED EARNINGS PER SHARE INCOME1 BEFORE THE CUMULATIVE EFFECT OF ACCOUNTING CHANGES $5,000 $4,8572 $1.50 $4,488 $1.323 $4,005 $4,000 $1.20 $1.12 $3,174 $3,000 $2,822 $0.90 $0.65 $0.60 $2,000 $0.60 $1,000 $0.30 $0.11 $0 $0 $ In Millions 2001 2002 2003 2004 2005 2001 2002 2003 2004 2005 1 These items are not financial measures defined by Generally Accepted Accounting Principles (GAAP).
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