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\n\tDisney<\/a> interim chief monetary officer Kevn Lansberry mentioned the corporate is \u201cvery comfortable with our current liquidity position\u201d because the time approaches for it to purchase Comcast<\/a>\u2019s one-third stake in Hulu<\/a>.<\/p>\n \n\tComcast can \u201cput\u201d its stake to Disney, or Disney can name it in, in January.\u00a0Disney\u00a0CEO Bob Iger mentioned again in May<\/a> that \u201ccordial\u201d and \u201cconstructive\u201d discussions had began with Comcast on that.<\/p>\n \n\tThe ground for the \u201cput\u201d by Comcast is about $9.2 billion {dollars}, Lansberry famous on a convention name after Disney earnings in response to a query in regards to the firm\u2019s potential to fund the transaction. Comcast CEO Brian Roberts has referred to as the streaming service \u201cvery valuable\u201d a<\/a>nd mentioned he hopes the stake will fetch extra that that. That\u2019s taking a couple of third of the $27.5 billion assured ground worth of all of Hulu that\u2019s set out within the put\/name settlement from 2019.<\/p>\n \n\tLansberry mentioned Disney has \u201cabout $11.5 billion of cash on our balance sheet. We\u2019ve 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.\u201d<\/p>\n \n\tDespite current headwinds, Disney nonetheless has one of many strongest stability sheets amongst media firms.<\/p>\n \n\t\u201cWe 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,\u201d mentioned the interim CEO, who stepped in when Christine McCarthly exited in June.<\/p>\n \n\tDisney reported $1.6 billion in free money circulate final quarter.<\/p>\n \n\tIn its quarterly SEC submitting, which might have a bit extra element that the earnings launch, Disney mentioned: \u201cThe Company and NBCU have been conducting a confidential arbitration concerning the parties\u2019 rights and responsibilities under the Hulu limited liability company agreement. The Company expects a decision in that arbitration within the next quarter. The outcome of the arbitration is uncertain and we cannot reasonably estimate the amount of any potential loss or the impact on the determination of the value of Hulu\u2019s equity pursuant to the Hulu limited liability company agreement and thus the amount we may be required to pay to acquire NBCU\u2019s interest in Hulu.\u201d<\/p>\n