| ($ in millions, except per share amounts) | 2003 | 2004 | 2005 | 2006 | 2007 |
| Revenues(1) | |||||
| Media Networks | $10,360 | $11,202 | $12,637 | $14,100 | $15,046 |
| Parks and Resorts | 6,412 | 7,750 | 9,023 | 9,925 | 10,626 |
| Studio Entertainment | 7,364 | 8,713 | 7,587 | 7,529 | 7,491 |
| Consumer Products | 2,344 | 2,511 | 2,127 | 2,193 | 2,347 |
| $26,480 | $30,176 | $31,374 | $33,747 | $35,510 | |
| Segment Operating Income(1)(2) | |||||
| Media Networks | $ 1,356 | $ 2,380 | $ 3,040 | $ 3,480 | $ 4,285 |
| Parks and Resorts | 946 | 1,077 | 1,178 | 1,534 | 1,710 |
| Studio Entertainment | 620 | 662 | 207 | 729 | 1,201 |
| Consumer Products | 389 | 547 | 543 | 618 | 631 |
| $ 3,311 | $ 4,666 | $ 4,968 | $ 6,361 | $ 7,827 | |
|
Diluted earnings per share from continuing operations before the cumulative effect of accounting changes |
$ 0.59 | $ 1.07 | $ 1.19 | $ 1.60 | $ 2.24 |
| Earnings per share, discontinued operations | 0.06 | 0.05 | 0.05 | 0.03 | 0.01 |
|
Cumulative effect of accounting changes per share |
(0.03) | — | (0.02) | — | — |
| Diluted earnings per share(3)(4) | $ 0.62 | $ 1.12 | $ 1.22 | $ 1.64 | $ 2.25 |
| Cash provided by continuing operations | $ 2,776 | $ 4,232 | $ 4,139 | $ 5,960 | $ 5,398 |
| Free cash flow(2) | $ 1,727 | $ 2,811 | $ 2,326 | $ 4,668 | $ 3,832 |
(1) During fiscal 2007, the Company concluded the spin-off of the ABC Radio business and now reports ABC Radio as discontinued operations for all periods presented. Previously, the ABC Radio business was included in the Media Networks segment. Prior period information has been reclassified to conform to the current presentation.
(2) Aggregate segment operating income and free cash flow are not financial measures defined by Generally Accepted Accounting Principles (GAAP). Reconciliations of non-GAAP financial measures to equivalent GAAP financial measures are available at the end of the Financial Review.
(3) Diluted earnings per share may not equal the sum of the column due to rounding.
(4) The fiscal 2007 results include gains from the sales of E! Entertainment and Us Weekly ($0.31 per diluted share), favorable adjustments related to prior-year income tax matters ($0.03 per diluted share), and income from the discontinued operations of the ABC Radio business ($0.01 per diluted share), partially offset by an equity-based compensation plan modification charge ($0.01 per diluted share). Collectively, these items resulted in a net benefit of $0.33 per diluted share. The fiscal 2006 results include income from the discontinued operations of the ABC Radio business ($0.03 per diluted share), gains on sales of a Spanish cable equity investment and Discover Magazine ($0.02 per diluted share), favorable adjustments related to prior-year income tax matters ($0.02 per diluted share) and a net benefit associated with the completion of the Pixar acquisition ($0.01 per diluted share). Collectively, these items resulted in a net benefit of $0.09 per diluted share. Excluding these items, EPS increased 24% to $1.92 in 2007 from $1.55 in 2006.
