Fox Corporation (FOX) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1211 AVENUE OF THE AMERICAS NEW YORK, NY 10036 |
| State of Incorp. | DE |
| Fiscal Year End | June 30 |
| Industry (SIC) | 4833 - Television Broadcasting Stations (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2024 | 12/31/2023 MRQ | 6/30/2023 | 6/30/2022 | 6/30/2021 | 6/30/2020 | 6/30/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 884 | 435 | 788 | 531 | 761 | ||||
| Short-term investments | 884 | 435 | 788 | 531 | 761 | ||||
| Receivables | 3,001 | 2,177 | 2,128 | 2,029 | 1,888 | 1,967 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,038 | 543 | 791 | 729 | 856 | 1,129 | |||
| Inventory | 1,038 | 543 | 791 | 729 | 856 | 1,129 | |||
| Other current assets | 340 | 265 | 162 | 105 | 97 | 148 | |||
| Other undisclosed current assets | 4,122 | 3,388 | 4,765 | 5,098 | 4,114 | 2,473 | |||
| Total current assets: | 8,501 | 7,257 | 8,281 | 8,749 | 7,486 | 6,478 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 1,676 | 1,708 | 1,682 | 1,708 | 1,498 | 1,313 | |||
| Intangible assets, net (including goodwill) | 6,620 | 6,643 | 6,711 | 6,589 | 6,607 | 5,542 | |||
| Goodwill | 3,559 | 3,559 | 3,554 | 3,435 | 3,409 | 2,691 | |||
| Intangible assets, net (excluding goodwill) | 3,061 | 3,084 | 3,157 | 3,154 | 3,198 | 2,851 | |||
| Deferred income tax assets | 3,065 | 3,090 | 3,440 | 3,822 | 4,358 | ✕ | |||
| Other noncurrent assets | 2,984 | 3,168 | 2,071 | 2,058 | 1,801 | 1,525 | |||
| Deferred tax assets, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 4,651 | ||
| Total noncurrent assets: | 14,345 | 14,609 | 13,904 | 14,177 | 14,264 | 13,031 | |||
| TOTAL ASSETS: | 22,846 | 21,866 | 22,185 | 22,926 | 21,750 | 19,509 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 2,457 | 2,514 | 2,296 | 2,253 | 907 | 841 | |||
| Taxes payable | ✕ | ✕ | ✕ | 6 | |||||
| Accrued liabilities | 925 | 1,028 | 992 | 1,077 | 907 | 835 | |||
| Other undisclosed accounts payable and accrued liabilities | 1,532 | 1,486 | 1,304 | 1,176 | |||||
| Deferred revenue | 152 | ✕ | |||||||
| Debt | 1,250 | 1,249 | 749 | 122 | |||||
| Program rights obligations | 485 | 514 | |||||||
| Other liabilities | 240 | 188 | |||||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 169 | ||
| Total current liabilities: | 3,707 | 3,763 | 2,296 | 3,002 | 1,906 | 1,712 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 7,195 | 5,961 | 7,206 | 7,202 | 7,946 | 6,751 | |||
| Long-term debt, excluding current maturities | 7,195 | 5,961 | 7,206 | 7,202 | 7,946 | 6,751 | |||
| Liabilities, other than long-term debt | 1,376 | 1,484 | 1,120 | 1,336 | 1,482 | 899 | |||
| Other liabilities | 1,376 | 1,484 | 1,120 | 1,336 | 1,482 | 899 | |||
| Total noncurrent liabilities: | 8,571 | 7,445 | 8,326 | 8,538 | 9,428 | 7,650 | |||
| Total liabilities: | 12,278 | 11,208 | 10,622 | 11,540 | 11,334 | 9,362 | |||
| Temporary equity, carrying amount | 243 | 213 | 188 | 261 | 305 | 189 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 10,252 | 10,378 | 11,339 | 11,123 | 10,094 | 9,947 | |||
| Additional paid in capital | 7,879 | 8,253 | 9,098 | 9,453 | 9,831 | 9,891 | |||
| Accumulated other comprehensive loss | (146) | (149) | (226) | (318) | (417) | (308) | |||
| Retained earnings | 2,514 | 2,269 | 2,461 | 1,982 | 674 | 357 | |||
| Other undisclosed equity, attributable to parent | 5 | 5 | 6 | 6 | 6 | 7 | |||
| Equity, attributable to noncontrolling interest | 73 | 67 | 36 | 2 | 17 | 11 | |||
| Total equity: | 10,325 | 10,445 | 11,375 | 11,125 | 10,111 | 9,958 | |||
| TOTAL LIABILITIES AND EQUITY: | 22,846 | 21,866 | 22,185 | 22,926 | 21,750 | 19,509 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2024 | 12/31/2023 TTM | 6/30/2023 | 6/30/2022 | 6/30/2021 | 6/30/2020 | 6/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 14,557 | 14,913 | 13,974 | 12,909 | 12,303 | 11,389 | ||
| Gross profit: | 14,557 | 14,913 | 13,974 | 12,909 | 12,303 | 11,389 | ||
| Operating expenses | (11,786) | (11,738) | (11,037) | (9,844) | (9,548) | (8,746) | ||
| Other operating expense, net | ||||||||
| Operating income: | 2,771 | 3,175 | 2,937 | 3,065 | 2,755 | 2,643 | ||
| Nonoperating income (expense) | (908) | (699) | (509) | 583 | (213) | 22 | ||
| Investment income, nonoperating | 4 | 35 | 41 | |||||
| Other nonoperating income (expense) | (908) | (699) | (509) | 579 | (248) | (19) | ||
| Interest and debt expense | (383) | (349) | (377) | (395) | (369) | (203) | ||
| Income from continuing operations before equity method investments, income taxes: | 1,480 | 2,127 | 2,051 | 3,253 | 2,173 | 2,462 | ||
| Loss from equity method investments | ||||||||
| Other undisclosed loss from continuing operations before income taxes | (334) | (391) | (357) | (335) | (709) | (238) | ||
| Income from continuing operations before income taxes: | 1,146 | 1,736 | 1,694 | 2,918 | 1,464 | 2,224 | ||
| Income tax expense | (297) | (483) | (461) | (717) | (402) | (581) | ||
| Income from continuing operations: | 849 | 1,253 | 1,233 | 2,201 | 1,062 | 1,643 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 1,233 | 2,201 | 1,062 | 1,643 | |
| Net income: | 849 | 1,253 | 1,233 | 2,201 | 1,062 | 1,643 | ||
| Net loss attributable to noncontrolling interest | (12) | (14) | (28) | (51) | (63) | (48) | ||
| Net income available to common stockholders, diluted: | 837 | 1,239 | 1,205 | 2,150 | 999 | 1,595 | ||
Comprehensive Income ($ in millions)
| 6/30/2024 | 12/31/2023 TTM | 6/30/2023 | 6/30/2022 | 6/30/2021 | 6/30/2020 | 6/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 849 | 1,253 | 1,233 | 2,201 | 1,062 | 1,643 | ||
| Other comprehensive income (loss) | 73 | 77 | 92 | 99 | (109) | (89) | ||
| Comprehensive income: | 922 | 1,330 | 1,325 | 2,300 | 953 | 1,554 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (12) | (14) | (28) | (51) | (63) | (48) | ||
| Comprehensive income, net of tax, attributable to parent: | 910 | 1,316 | 1,297 | 2,249 | 890 | 1,506 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.