Disney interim chief financial officer Kevn Lansberry said the company is “very comfortable with our current liquidity position” as the time approaches for it to buy Comcast’s one-third stake in Hulu
Lansberry said Disney has “about $11.5 billion of cash on our balance sheet. We’ve got $10.5 billion worth of revolving credit facilities and commercial paper. And we will have plenty of future cash flow to help fund all of this going forward.”
Despite recent headwinds, Disney still has one of the strongest balance sheets among media companies. “We made significant progress recently de-levering coming out of the pandemic. We are prioritizing free cash flow at the company and are being really disciplined and smart about how we go about allocating capital,” said the interim CEO, who stepped in when Christine McCarthly exited in June.
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