WALT DISNEY CO/ | 2013 | FY | 3


The impact of stock options/rights and RSUs on income and cash flows for fiscal years 2013, 2012 and 2011, was as follows: 
 
2013
 
2012
 
2011
Stock option/rights compensation expense (1)
$
101

 
$
115

 
$
133

RSU compensation expense
311

 
310

 
300

Total equity-based compensation expense (2)
412

 
425

 
433

Tax impact
(139
)
 
(145
)
 
(151
)
Reduction in net income
$
273

 
$
280

 
$
282

Equity-based compensation expense capitalized during the period
$
58

 
$
56

 
$
66

Tax benefit reported in cash flow from financing activities
$
204

 
$
122

 
$
124

 
(1) 
Includes stock appreciation rights.
(2) 
Equity-based compensation expense is net of capitalized equity-based compensation and excludes amortization of previously capitalized equity-based compensation costs. Amortization of previously capitalized equity-based compensation totaled $65 million, $59 million and $57 million in fiscal years 2013, 2012 and 2011, respectively.

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