
At the Non-Equity Jeff Awards, Kokandy's ‘Into the Woods' is the big winner
Another leading winner was City Lit Theater, which won best play for 'August Wilson's Seven Guitars.' In the cast, Robert Howard was honored as best performer in a supporting role. (The Jeff Awards do not separate acting categories by gender.) City Lit also won a third award for costume design for 'Murder in the Cathedral.' Refracted Theatre also won three.
In the play category, the coveted ensemble award went to TUTA Theatre for 'Attempts on Her Life.'
Lead performance awards for a play went to Bide Akande for 'Rhinoceros' by Theatre Y and Jacqueline Grandt in 'The Totality of All Things' at Redtwist Theatre. For musicals, they went to Tyler Anthony Smith from 'Hedwig and the Angry Inch' at Haven Theatre and Colette Todd in 'A Little Night Music' at Theo Ubique Cabaret Theatre.
Open Space Arts took home four awards in categories for short-run productions (or shows that had between 9 and 17 performances).
The Theatre School at DePaul University won the 2025 Joseph Jefferson Special Award, according to an announcement from the Jeffs, honored for 'its 100-year legacy of training exceptional artists and its profound influence on the Chicago theater community.' A new Impresario Award honoring excellence in stage management went to Kyle Aschbrenner of Blank Theatre Company, and will be a part of both Equity and Non-Equity Jeffs going forward.
The awards to 33 recipients across 25 categories were presented in a ceremony Monday night at the Harris Theater by the all-volunteer Joseph Jefferson Awards Committee. They recognized theater productions opening in 2024 by the Chicago area's non-union theaters. Some 138 artists in shows from 29 companies had been nominated.
Winners of Non-Equity Jeff Awards for 2024 productions
PRODUCTION OF A PLAY: 'August Wilson's Seven Guitars' – City Lit Theatre
PRODUCTION OF A MUSICAL OR REVUE: 'Into the Woods' – Kokandy Productions
ENSEMBLE OF A PLAY: 'Attempts on Her Life' – TUTA Theatre
ENSEMBLE OF A MUSICAL OR REVUE: 'Into the Woods' – Kokandy Productions
NEW WORK:
Brynne Frauenhoffer – 'Pro-Am' – First Floor Theater
Erik Gernand – 'The Totality of All Things' – Redtwist Theatre
DIRECTOR OF A PLAY: Rebecca Willingham – 'Pro-Am' – First Floor Theater
DIRECTOR OF A MUSICAL: Derek Van Barham – 'Into the Woods' – Kokandy Productions
PERFORMER IN A PRINCIPAL ROLE (PLAY):
Bide Akande (Berenger) – 'Rhinoceros' – Theatre Y
Jacqueline Grandt (Judith) – 'The Totality of All Things' – Redtwist Theatre
PERFORMER IN A PRINCIPAL ROLE (MUSICAL):
Tyler Anthony Smith (Hedwig) – 'Hedwig and the Angry Inch' – Haven Theatre
Colette Todd (Desiree Armfeldt) – 'A Little Night Music' – Theo Ubique Cabaret Theatre
PERFORMER IN A SUPPORTING ROLE (PLAY):
Jodi Gage (Actor 1) – 'Coronation' – Refracted Theatre Company
Robert Howard (Hedley) – 'August Wilson's Seven Guitars' – City Lit Theater Company
PERFORMER IN A SUPPORTING ROLE (MUSICAL):
Alicia Berneche (Letitia Peabody Primrose) – 'On the Twentieth Century' – Blank Theatre Company
Maya Rowe (Charlotte Malcolm) – 'A Little Night Music' – Theo Ubique Cabaret Theatre
PRODUCTION (SHORT RUN): 'Cock' – Open Space Arts
DIRECTOR (SHORT RUN): Michael D. Graham – 'Light Switch' – Open Space Arts
PERFORMER IN A PRINCIPAL ROLE (SHORT RUN): Philip Andrew Monnett (Henry) – 'Light Switch' – Open Space Arts
PERFORMER IN A SUPPORTING ROLE (SHORT RUN): Sonya Robinson (W) – 'Cock' – Open Space Arts
ARTISTIC SPECIALIZATION (SHORT RUN): Diane Fairchild (lighting design) – 'Jacob Marley's Christmas Carol' – Lifeline Theatre
SCENIC DESIGN: Marvin Tate – 'Rhinoceros' – Theatre Y
COSTUME DESIGN: Patti Roeder – 'Murder in the Cathedral' – City Lit Theater Company
SOUND DESIGN:
Christopher Kriz – 'The Singularity Play' – Jackalope Theatre Company
L.J. Luthringer – 'The Tempest' – Idle Muse Theatre Company
LIGHTING DESIGN: Garrett Bell – 'Coronation' – Refracted Theatre Company
PROJECTION DESIGN: Abboye Lawrence – 'Coronation' – Refracted Theatre Company
MUSIC DIRECTION: Nick Sula – 'Into the Woods' – Kokandy Productions
ARTISTIC SPECIALIZATION: Ariana Miles, Evelyn Ryan and Nick Sula (orchestrations) – 'Into the Woods' – Kokandy Productions
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Depreciation Expense Depreciation expense was as follows: THE WALT DISNEY COMPANY CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited; $ in millions, except per share data) THE WALT DISNEY COMPANY CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited; $ in millions, except per share data) THE WALT DISNEY COMPANY CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited; $ in millions) DTC PRODUCT DESCRIPTIONS AND KEY DEFINITIONS Product offerings In the U.S., Disney+, ESPN+ and Hulu SVOD Only are each offered as a standalone service or as part of various multi-product offerings. Hulu Live TV + SVOD includes Disney+ and ESPN+. Disney+ is available in more than 150 countries and territories outside the U.S. Depending on the market, our services can be purchased on our websites or through third-party platforms/apps or are available via wholesale arrangements. Paid subscribers Paid subscribers reflect subscribers for which we recognized subscription revenue. 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Diluted EPS excluding certain items, total segment operating income and free cash flow are important financial measures for the Company but are not financial measures defined by GAAP. These measures should be reviewed in conjunction with the most comparable GAAP financial measures and are not presented as alternative measures of diluted EPS, income before income taxes or cash provided by operations as determined in accordance with GAAP. Diluted EPS excluding certain items, total segment operating income and free cash flow as we have calculated them may not be comparable to similarly titled measures reported by other companies. Our definitions and calculations of diluted EPS excluding certain items, total segment operating income and free cash flow, as well as quantitative reconciliations of each of these measures to the most directly comparable GAAP financial measure, are provided below. The Company is not providing the forward-looking measure for diluted EPS, which is the most directly comparable GAAP measure to diluted EPS excluding certain items, or a quantitative reconciliation of forward-looking diluted EPS excluding certain items to that most directly comparable GAAP measure. The Company is unable to predict or estimate with reasonable certainty the ultimate outcome of certain significant items required for such GAAP measure without unreasonable effort. Information about other adjusting items that is currently not available to the Company could have a potentially unpredictable and significant impact on future GAAP financial results. Diluted EPS excluding certain items The Company uses diluted EPS excluding (1) certain items affecting comparability of results from period to period and (2) amortization of TFCF and Hulu intangible assets, including purchase accounting step-up adjustments for released content, to facilitate the evaluation of the performance of the Company's operations exclusive of these items, and these adjustments reflect how senior management is evaluating segment performance. The Company believes that providing diluted EPS exclusive of certain items impacting comparability is useful to investors, particularly where the impact of the excluded items is significant in relation to reported earnings and because the measure allows for comparability between periods of the operating performance of the Company's business and allows investors to evaluate the impact of these items separately. The Company further believes that providing diluted EPS exclusive of amortization of TFCF and Hulu intangible assets associated with the acquisition in 2019 is useful to investors because the TFCF and Hulu acquisition was considerably larger than the Company's historic acquisitions with a significantly greater acquisition accounting impact. The following table reconciles reported diluted EPS to diluted EPS excluding certain items for the third quarter: (1) Tax benefit/expense is determined using the tax rate applicable to the individual item. (2) Before noncontrolling interest share. (3) Net of noncontrolling interest share, where applicable. Total may not equal the sum of the column due to rounding. (4) Reflects a $3,277 million non-cash tax benefit recognized upon the change in Hulu's U.S. income tax classification and $477 million recognized in 'Net income attributable to noncontrolling interests' related to the acquisition of Hulu (Hulu Transaction Impacts). 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The following table reconciles income before income taxes to total segment operating income: Free cash flow The Company uses free cash flow (cash provided by operations less investments in parks, resorts and other property), among other measures, to evaluate the ability of its operations to generate cash that is available for purposes other than capital expenditures. Management believes that information about free cash flow provides investors with an important perspective on the cash available to service debt obligations, make strategic acquisitions and investments and pay dividends or repurchase shares. The following table presents a summary of the Company's consolidated cash flows: The following table reconciles the Company's consolidated cash provided by operations to free cash flow: FORWARD-LOOKING STATEMENTS Certain statements and information in this earnings release may constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our expectations, beliefs, plans, financial prospects, trends or outlook and guidance; financial or performance estimates and expectations (including estimated or expected revenues, earnings, operating income, costs, expenses and impact of certain items) and expected drivers; direct-to-consumer prospects, including expectations for subscribers and the nature and value of product offerings and enhancements; prospects and consumer demand for our travel and entertainment offerings; business and other plans including transactions for which conditions to close have not been satisfied, including entering into definitive agreements, regulatory or other approvals or other conditions; strategic priorities and initiatives and other statements that are not historical in nature. 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Such differences may result from actions taken by the Company, including restructuring or strategic initiatives (including capital investments, asset acquisitions or dispositions, new or expanded business lines or cessation of certain operations), our execution of our business plans (including the content we create and IP we invest in, our pricing decisions, our cost structure and our management and other personnel decisions), our ability to quickly execute on cost rationalization while preserving revenue, the discovery of additional information or other business decisions, as well as from developments beyond the Company's control, including: the occurrence of subsequent events; deterioration in domestic and global economic conditions or failure of conditions to improve as anticipated; deterioration in or pressures from competitive conditions, including competition to create or acquire content, competition for talent and competition for advertising revenue; consumer preferences and acceptance of our content, offerings, pricing model and price increases, and corresponding subscriber additions and churn, and the market for advertising sales on our DTC streaming services and linear networks; health concerns and their impact on our businesses and productions; international, including tariffs and other trade policies, political or military developments; regulatory and legal developments; technological developments; labor markets and activities, including work stoppages; adverse weather conditions or natural disasters; and availability of content. Such developments may further affect entertainment, travel and leisure businesses generally and may, among other things, affect (or further affect, as applicable): our operations, business plans or profitability, including direct-to-consumer profitability; demand for our products and services; the performance of the Company's content; our ability to create or obtain desirable content at or under the value we assign the content; the advertising market for programming; taxation; and performance of some or all Company businesses either directly or through their impact on those who distribute our products. Additional factors are set forth in the Company's most recent Annual Report on Form 10-K, including under the captions 'Risk Factors,' 'Management's Discussion and Analysis of Financial Condition and Results of Operations,' and 'Business,' quarterly reports on Form 10-Q, including under the captions 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations,' and subsequent filings with the Securities and Exchange Commission. The terms 'Company,' 'we,' and 'our' are used in this report to refer collectively to the parent company and the subsidiaries through which our various businesses are actually conducted. In conjunction with this release, The Walt Disney Company will post prepared management remarks (Executive Commentary) at and will host a conference call today, August 6, 2025, at 8:30 AM EDT/5:30 AM PDT via a live Webcast. To access the Webcast go to The Webcast replay will also be available on the site.