News Corporation (NWS) 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) 2711 - Newspapers: Publishing, or Publishing and Printing (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
6/30/2023
12/31/2022
MRQ
6/30/2022
6/30/2021
6/30/2020
6/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,8331,3281,8222,2361,5171,643
Cash and cash equivalents1,8331,3281,8222,2361,5171,643
Receivables1,4251,6361,5021,4981,2031,544
Inventory, net of allowances, customer advances and progress billings311328311253348348
Inventory311328311253348348
Other current assets484471458469393515
Total current assets:4,0533,7634,0934,4563,4614,050
Noncurrent Assets
Operating lease, right-of-use asset1,0361,0218911,0351,061
Property, plant and equipment3,6232,0452,1032,2722,2562,554
Long-term investments and receivables427524488351297335
Long-term investments427524488351297335
Intangible assets, net (including goodwill)7,6297,7527,8406,8325,8157,573
Goodwill5,1405,1675,1694,6533,9515,147
Intangible assets, net (excluding goodwill)2,4892,5852,6712,1791,8642,426
Deferred income tax assets393386422378332
Other noncurrent assets1,3411,4001,3841,4471,039930
Other undisclosed noncurrent assets (1,581)    269
Total noncurrent assets:12,86813,12813,12812,31510,80011,661
TOTAL ASSETS:16,92116,89117,22116,77114,26115,711
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5631,3601,6751,6601,3701,739
Taxes payable18   
Employee-related liabilities10   
Accounts payable440308411321351411
Accrued liabilities1,1231,0521,2361,3391,0191,328
Deferred revenue622591604473398
Debt27272932876449
Contract with customer, liability428
Other liabilities9539619751,073838724
Other undisclosed current liabilities   (28)   
Total current liabilities:3,1652,9393,5193,2342,6823,340
Noncurrent Liabilities
Long-term debt and lease obligation2,9402,9983,7233,4012,3291,004
Long-term debt, excluding current maturities2,9402,9982,7762,2851,1831,004
Liabilities, other than long-term debt1,8711,898836990861761
Deferred income tax liabilities163179198260258
Liability, pension and other postretirement and postemployment benefits134156155211277266
Other liabilities446471483519326495
Operating lease, liability1,1281,0929471,1161,146
Other undisclosed noncurrent liabilities      295
Total noncurrent liabilities:4,8114,8964,5594,3913,1902,060
Total liabilities:7,9767,8358,0787,6255,8725,400
Equity
Equity, attributable to parent, including:8,0648,1158,2228,2117,5829,144
Additional paid in capital11,44911,55011,77912,05712,14812,243
Accumulated other comprehensive loss(1,247)(1,255)(1,270)(941)(1,331)(1,126)
Accumulated deficit(2,144)(2,186)(2,293)(2,911)(3,241)(1,979)
Other undisclosed equity, attributable to parent666666
Equity, attributable to noncontrolling interest8819419219358071,167
Total equity:8,9459,0569,1439,1468,38910,311
TOTAL LIABILITIES AND EQUITY:16,92116,89117,22116,77114,26115,711

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Revenues9,87910,16510,3859,3589,00810,074
Gross profit:9,87910,16510,3859,3589,00810,074
Operating expenses(8,459)(8,733)(8,716)(8,085)(7,995) 
Operating income:1,4201,4321,6691,2731,01310,074
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
1(102)52143933
Income from continuing operations before equity method investments, income taxes:1,4211,3301,7211,4161,02210,107
Loss from equity method investments(127)(40)(13)(65)(47)(17)
Other undisclosed loss from continuing operations before income taxes(964)(921)(896)(901)(2,499)(9,736)
Income (loss) from continuing operations before income taxes:330369812450(1,524)354
Income tax expense (benefit)(143)22(52)(61)(21)(126)
Income (loss) from continuing operations:187391760389(1,545)228
Income (loss) before gain (loss) on sale of properties:297760389(1,545)228
Net income (loss):187391760389(1,545)228
Net income (loss) attributable to noncontrolling interest(38)(92)(137)(59)276(73)
Net income (loss) available to common stockholders, diluted:149299623330(1,269)155

Comprehensive Income ($ in millions)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Net income (loss):187391760389(1,545)228
Other comprehensive income (loss)5(222)(426)468(251)(288)
Comprehensive income (loss):192169334857(1,796)(60)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(20)(36)(40)(137)319(15)
Comprehensive income (loss), net of tax, attributable to parent:172133294720(1,477)(75)

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.

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