Bastiaan Slabbers/iStock Unreleased through Getty Images
Walt Disney (NYSE:DIS) inventory dipped greater than 3% Tuesday morning after the corporate outlined some considerably expanded funding in its Parks phase, with a watch to doubling the determine.
In an SEC submitting, Disney stated it might be accelerating funding in Disney Parks, Experiences and Products over a 10-year interval to about $60B, practically double that within the earlier 10-year interval.
That consists of by “investing in expanding and enhancing domestic and international parks and cruise line capacity” and prioritizing initiatives anticipated to generate robust returns.
“We believe that the Company’s financial condition is strong and that its cash balances, other liquid assets, operating cash flows, access to capital markets and borrowing capacity under current bank facilities, taken together, provide adequate resources to fund ongoing operating requirements, contractual obligations, upcoming debt maturities as well as future capital expenditures related to the expansion of existing businesses and development of new projects,” Disney stated.
The firm famous in an accompanying presentation it has greater than 1,000 acres of land for doable future improvement throughout 4 continents.
More on Walt Disney
MoneyMaker FX EA Trading Robot
powered by qhost365.com
Seekingalpha.com