News Corporation (NWS) Financial Statements (2023 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)Annual | Quarterly
| 9/30/2022 Q1 | 6/30/2022 Q4 | 3/31/2022 Q3 | 12/31/2021 Q2 | 9/30/2021 Q1 | 6/30/2021 Q4 | 3/31/2021 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,458 | 1,822 | 1,865 | 2,184 | 2,100 | 2,236 | 1,974 | ||
| Cash and cash equivalents | 1,458 | 1,822 | 1,865 | 2,184 | 2,100 | 2,236 | 1,974 | ||
| Receivables | 1,473 | 1,502 | 1,532 | 1,665 | 1,499 | 1,498 | 1,335 | ||
| Inventory, net of allowances, customer advances and progress billings | 373 | 311 | 308 | 248 | 308 | 253 | 246 | ||
| Inventory | 373 | 311 | 308 | 248 | 308 | 253 | 246 | ||
| Other current assets | 450 | 458 | 457 | 502 | 465 | 469 | 388 | ||
| Total current assets: | 3,754 | 4,093 | 4,162 | 4,599 | 4,372 | 4,456 | 3,943 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 841 | 891 | 976 | 963 | 1,008 | 1,035 | 1,062 | ||
| Property, plant and equipment | 1,971 | 2,103 | 2,167 | 2,134 | 2,162 | 2,272 | 2,261 | ||
| Long-term investments and receivables | 470 | 488 | 564 | 505 | 499 | 351 | 391 | ||
| Long-term investments | 470 | 488 | 564 | 505 | 499 | 351 | 391 | ||
| Intangible assets, net (including goodwill) | 7,604 | 7,840 | 7,825 | 6,639 | 6,674 | 6,832 | 6,219 | ||
| Goodwill | 5,041 | 5,169 | 5,174 | 4,557 | 4,568 | 4,653 | 4,304 | ||
| Intangible assets, net (excluding goodwill) | 2,563 | 2,671 | 2,651 | 2,082 | 2,106 | 2,179 | 1,915 | ||
| Deferred income tax assets | 390 | 422 | 273 | 295 | 345 | 378 | 302 | ||
| Other noncurrent assets | 1,357 | 1,384 | 1,452 | 1,385 | 1,358 | 1,447 | 1,219 | ||
| Total noncurrent assets: | 12,633 | 13,128 | 13,257 | 11,921 | 12,046 | 12,315 | 11,454 | ||
| TOTAL ASSETS: | 16,387 | 17,221 | 17,419 | 16,520 | 16,418 | 16,771 | 15,397 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,449 | 1,675 | 1,602 | 1,469 | 1,482 | 1,660 | 1,585 | ||
| Accounts payable | 348 | 411 | 317 | 351 | 309 | 321 | 336 | ||
| Accrued liabilities | 1,101 | 1,236 | 1,285 | 1,118 | 1,173 | 1,339 | 1,249 | ||
| Employee-related liabilities | 10 | ||||||||
| Taxes payable | 18 | ||||||||
| Deferred revenue | 592 | 604 | 528 | 462 | 467 | 473 | 449 | ||
| Debt | 23 | 293 | 306 | 302 | 300 | 28 | 212 | ||
| Other liabilities | 949 | 975 | 1,091 | 1,000 | 1,023 | 1,073 | 923 | ||
| Other undisclosed current liabilities | (28) | ||||||||
| Total current liabilities: | 3,013 | 3,519 | 3,527 | 3,233 | 3,272 | 3,234 | 3,169 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 3,865 | 3,723 | 3,536 | 3,003 | 3,043 | 3,401 | 2,146 | ||
| Long-term debt, excluding current maturities | 2,977 | 2,776 | 2,496 | 1,968 | 1,964 | 2,285 | 1,000 | ||
| Operating lease, liability | 888 | 947 | 1,040 | 1,035 | 1,079 | 1,116 | 1,146 | ||
| Liabilities, other than long-term debt | 781 | 836 | 940 | 937 | 955 | 990 | 953 | ||
| Deferred income tax liabilities | 167 | 198 | 230 | 241 | 249 | 260 | 334 | ||
| Liability, pension and other postretirement and postemployment benefits | 152 | 155 | 197 | 202 | 208 | 211 | 251 | ||
| Other liabilities | 462 | 483 | 513 | 494 | 498 | 519 | 368 | ||
| Total noncurrent liabilities: | 4,646 | 4,559 | 4,476 | 3,940 | 3,998 | 4,391 | 3,099 | ||
| Total liabilities: | 7,659 | 8,078 | 8,003 | 7,173 | 7,270 | 7,625 | 6,268 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 7,872 | 8,222 | 8,425 | 8,383 | 8,210 | 8,211 | 8,188 | ||
| Additional paid in capital | 11,584 | 11,779 | 11,823 | 11,948 | 11,980 | 12,057 | 12,044 | ||
| Accumulated other comprehensive loss | (1,465) | (1,270) | (1,001) | (1,089) | (1,061) | (941) | (965) | ||
| Accumulated deficit | (2,253) | (2,293) | (2,403) | (2,482) | (2,715) | (2,911) | (2,897) | ||
| Other undisclosed stockholders' equity attributable to parent | 6 | 6 | 6 | 6 | 6 | 6 | 6 | ||
| Stockholders' equity attributable to noncontrolling interest | 856 | 921 | 991 | 964 | 938 | 935 | 941 | ||
| Total stockholders' equity: | 8,728 | 9,143 | 9,416 | 9,347 | 9,148 | 9,146 | 9,129 | ||
| TOTAL LIABILITIES AND EQUITY: | 16,387 | 17,221 | 17,419 | 16,520 | 16,418 | 16,771 | 15,397 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 9/30/2022 Q1 | 6/30/2022 Q4 | 3/31/2022 Q3 | 12/31/2021 Q2 | 9/30/2021 Q1 | 6/30/2021 Q4 | 3/31/2021 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,478 | 2,674 | 2,492 | 2,717 | 2,502 | 2,492 | 2,335 | |
| Gross profit: | 2,478 | 2,674 | 2,492 | 2,717 | 2,502 | 2,492 | 2,335 | |
| Operating expenses | (2,128) | (2,359) | (2,134) | (2,131) | (2,092) | (2,282) | (2,037) | |
| Operating income: | 350 | 315 | 358 | 586 | 410 | 210 | 298 | |
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (18) | (91) | 13 | (7) | 137 | 11 | 61 | |
| Income from continuing operations before equity method investments, income taxes: | 332 | 224 | 371 | 579 | 547 | 221 | 359 | |
| Loss from equity method investments | (4) | (3) | (4) | (6) | (56) | (5) | ||
| Other undisclosed loss from continuing operations before income taxes | (227) | (241) | (234) | (212) | (209) | (272) | (215) | |
| Income (loss) from continuing operations before income taxes: | 101 | (20) | 133 | 361 | 338 | (107) | 139 | |
| Income tax expense (benefit) | (35) | 147 | (29) | (99) | (71) | 92 | (43) | |
| Net income (loss): | 66 | 127 | 104 | 262 | 267 | (15) | 96 | |
| Net income (loss) attributable to noncontrolling interest | (26) | (17) | (22) | (27) | (71) | 1 | (17) | |
| Net income (loss) available to common stockholders, diluted: | 40 | 110 | 82 | 235 | 196 | (14) | 79 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 9/30/2022 Q1 | 6/30/2022 Q4 | 3/31/2022 Q3 | 12/31/2021 Q2 | 9/30/2021 Q1 | 6/30/2021 Q4 | 3/31/2021 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 66 | 127 | 104 | 262 | 267 | (15) | 96 | |
| Other comprehensive income (loss) | (251) | (363) | 123 | (28) | (158) | 18 | 29 | |
| Comprehensive income (loss): | (185) | (236) | 227 | 234 | 109 | 3 | 125 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 30 | 77 | (57) | (27) | (33) | 7 | (21) | |
| Comprehensive income (loss), net of tax, attributable to parent: | (155) | (159) | 170 | 207 | 76 | 10 | 104 | |
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.