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
Q1
6/30/2023
Q4
3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
6/30/2022
Q4
3/31/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,8331,6591,3281,4581,8221,865
Cash and cash equivalents1,8331,6591,3281,4581,8221,865
Receivables1,4251,5401,6361,4731,5021,532
Inventory, net of allowances, customer advances and progress billings311356328373311308
Inventory311356328373311308
Other current assets484477471450458457
Total current assets:4,0534,0323,7633,7544,0934,162
Noncurrent Assets
Operating lease, right-of-use asset1,0361,0221,021841891976
Property, plant and equipment3,6232,0172,0451,9712,1032,167
Long-term investments and receivables427506524470488564
Long-term investments427506524470488564
Intangible assets, net (including goodwill)7,6297,6787,7527,6047,8407,825
Goodwill5,1405,1365,1675,0415,1695,174
Intangible assets, net (excluding goodwill)2,4892,5422,5852,5632,6712,651
Deferred income tax assets393368386390422273
Other noncurrent assets1,3411,4111,4001,3571,3841,452
Other undisclosed noncurrent assets (1,581)     
Total noncurrent assets:12,86813,00213,12812,63313,12813,257
TOTAL ASSETS:16,92117,03416,89116,38717,22117,419
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5631,5711,3601,4491,6751,602
Taxes payable18
Employee-related liabilities10
Accounts payable440407308348411317
Accrued liabilities1,1231,1641,0521,1011,2361,285
Deferred revenue622623591592604528
Debt27272723293306
Other liabilities9539839619499751,091
Other undisclosed current liabilities     (28) 
Total current liabilities:3,1653,2042,9393,0133,5193,527
Noncurrent Liabilities
Long-term debt and lease obligation2,9402,9602,9983,8653,7233,536
Long-term debt, excluding current maturities2,9402,9602,9982,9772,7762,496
Liabilities, other than long-term debt1,8711,8861,898781836940
Deferred income tax liabilities163172179167198230
Liability, pension and other postretirement and postemployment benefits134156156152155197
Other liabilities446465471462483513
Operating lease, liability1,1281,0931,0928889471,040
Total noncurrent liabilities:4,8114,8464,8964,6464,5594,476
Total liabilities:7,9768,0507,8357,6598,0788,003
Equity
Equity, attributable to parent, including:8,0648,0778,1157,8728,2228,425
Additional paid in capital11,44911,48611,55011,58411,77911,823
Accumulated other comprehensive loss(1,247)(1,279)(1,255)(1,465)(1,270)(1,001)
Accumulated deficit(2,144)(2,136)(2,186)(2,253)(2,293)(2,403)
Other undisclosed equity, attributable to parent666666
Equity, attributable to noncontrolling interest881907941856921991
Total equity:8,9458,9849,0568,7289,1439,416
TOTAL LIABILITIES AND EQUITY:16,92117,03416,89116,38717,22117,419

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

9/30/2023
Q1
6/30/2023
Q4
3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
6/30/2022
Q4
3/31/2022
Q3
Revenues2,4332,4472,5212,4782,6742,492
Gross profit:2,4332,4472,5212,4782,6742,492
Operating expenses(2,092)(2,127)(2,112)(2,128)(2,359)(2,134)
Operating income:341320409350315358
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
1114(6)(18)(91)13
Income from continuing operations before equity method investments, income taxes:352334403332224371
Loss from equity method investments(84)(10)(29)(4)(3)(4)
Other undisclosed loss from continuing operations before income taxes(285)(233)(219)(227)(241)(234)
Income (loss) from continuing operations before income taxes:(17)91155101(20)133
Income tax expense (benefit)(15)(32)(61)(35)147(29)
Income (loss) from continuing operations:(32)599466127104
Income before gain (loss) on sale of properties:66127104
Net income (loss):(32)599466127104
Net income (loss) attributable to noncontrolling interest24(9)(27)(26)(17)(22)
Net income (loss) available to common stockholders, diluted:(8)50674011082

Comprehensive Income ($ in millions)

9/30/2023
Q1
6/30/2023
Q4
3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
6/30/2022
Q4
3/31/2022
Q3
Net income (loss):(32)599466127104
Other comprehensive income (loss)28(41)269(251)(363)123
Comprehensive income (loss):(4)18363(185)(236)227
Comprehensive income (loss), net of tax, attributable to noncontrolling interest288(86)3077(57)
Comprehensive income (loss), net of tax, attributable to parent:2426277(155)(159)170

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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