01—Abstract
Summary
Summary of the 8-K filed August 14, 2019. Cited figures are marked; the original filing is the authoritative source.
This 8-K filing from The Walt Disney Company (DIS), dated August 13, 2019, primarily serves to incorporate previously filed financial information related to the acquisition of Twenty-First Century Fox, Inc. (21CF) by reference.
Specifically, it references Exhibits 99.1 and 99.2, which provide updates to Disney's Annual Report on Form 10-K for the fiscal year ended September 29, 2018, and its Quarterly Report on Form 10-Q for the quarter ended December 29, 2018, respectively. These incorporated exhibits contain supplemental financial information pertaining to the 21CF acquisition, including disclosures related to parent guarantees of subsidiary borrowings that became effective at the close of the acquisition.
Investors should refer to these referenced filings for detailed financial statements and disclosures, as this 8-K itself does not introduce new financial events or modify prior reporting except for the inclusion of this supplemental information. The filing also includes consents and iXBRL-formatted financial data for enhanced transparency.
02—Key points
Key Highlights
- References previously filed financial information for the acquisition of Twenty-First Century Fox, Inc. (21CF).
- Incorporates by reference Exhibits 99.1 and 99.2, which update prior 10-K and 10-Q filings.
- Discloses that certain parent guarantees of subsidiary borrowings became effective upon the closing of the 21CF acquisition.
- Does not modify or update prior disclosures except to present supplemental financial information in accordance with S-X Rule 3-10.
- Includes consent from PricewaterhouseCoopers LLP.
- Provides iXBRL-formatted financial statements for the referenced periods.
- The filing date is August 13, 2019, and the event date related to these updates is August 13, 2019.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The main purpose of this 8-K filing is to incorporate by reference previously disclosed financial information related to the acquisition of Twenty-First Century Fox, Inc. (21CF) into new exhibits (99.1 and 99.2), which update Disney's Annual Report on Form 10-K and Quarterly Report on Form 10-Q.
Does this filing contain new financial results for Disney?
No, this filing does not present new financial results. It references and incorporates supplemental financial information from prior filings (10-K and 10-Q) related to the 21CF acquisition and associated financial arrangements, such as parent guarantees.
What are the 'parent guarantees of subsidiary borrowings' mentioned in the filing?
The 'parent guarantees of subsidiary borrowings' refer to financial assurances provided by the parent company (Disney) for loans taken out by its subsidiaries. These guarantees became effective as part of the financial arrangements surrounding the completion of the 21CF acquisition.
Where can I find the detailed financial information referenced in this 8-K?
The detailed financial information is located in Exhibits 99.1 and 99.2, which are incorporated by reference into this 8-K. Exhibit 99.1 updates the Annual Report on Form 10-K for the fiscal year ended September 29, 2018, and Exhibit 99.2 updates the Quarterly Report on Form 10-Q for the quarter ended December 29, 2018.
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