News Corporation (NWS) financial statements (2021 and earlier)

Company profile

Business Address 1211 AVENUE OF THE AMERICAS
NEW YORK, NY 10036
State of Incorp. DE
Fiscal Year End June 30
SIC 2711 - Newspapers: Publishing, or Publishing and Printing (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,2721,6432,0342,0161,8321,9513,145
Cash and cash equivalents1,2721,6432,0342,0161,8321,9513,145
Restricted cash and investments    315  
Receivables1,5701,5441,6121,2761,2291,3101,388
Inventory, net of allowances, customer advances and progress billings358348376208218319310
Inventory358348376208218319310
Assets held-for-sale11
Other current assets518515372523513651671
Other undisclosed current assets   (208)(218)(256)(255)
Total current assets:3,7184,0504,3943,8153,8893,9755,270
Noncurrent Assets
Operating lease, right-of-use asset1,299
Property, plant and equipment2,4762,5542,5601,6242,4052,7463,009
Long-term investments and receivables3253353932,0272,2702,4182,692
Long-term investments3253353932,0272,2702,3792,609
Accounts and financing receivable, after allowance for credit loss     3983
Intangible assets, net (including goodwill)7,2337,5737,8896,1195,9215,3054,919
Goodwill4,9765,1475,2183,8383,7143,0632,782
Intangible assets, net (excluding goodwill)2,2572,4262,6712,2812,2072,2422,137
Other noncurrent assets948930831442396688682
Defined benefit plan, assets for plan benefits17436 
Other undisclosed noncurrent assets283269279508598(75)(83)
Total noncurrent assets:12,56411,66111,95210,73711,59411,11811,219
TOTAL ASSETS:16,28215,71116,34614,55215,48315,09316,489
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,4471,7391,9551,4261,5881,4291,489
Accounts payable375411605222217239276
Accrued liabilities1,0721,3281,3401,2041,3711,1511,188
Employee-related liabilities  10  12 
Taxes payable     2725
Deferred revenue411
Debt 449462    
Deferred revenue and credits 426388361369
Contract with customer, liability428
Other liabilities869724372600466404431
Other undisclosed current liabilities  506  (39)(25)
Total current liabilities:2,7273,3403,2952,4522,4422,1552,264
Noncurrent Liabilities
Long-term debt and lease obligation2,5441,0041,490276369  
Long-term debt, excluding current maturities1,2011,0041,490276369  
Operating lease, liability1,343
Liabilities, other than long-term debt616761675731870802806
Pension and other postretirement defined benefit plans, liabilities272
Deferred tax liabilities, net  61171166224
Liability, pension and other postretirement and postemployment benefits258266245319350305
Other liabilities358495430351349331310
Other undisclosed noncurrent liabilities26829540920202020
Total noncurrent liabilities:3,4282,0602,5741,0271,259822826
Total liabilities:6,1555,4005,8693,4793,7012,9773,090
Stockholders' equity
Stockholders' equity attributable to parent, including:8,9589,1449,29110,78911,56411,94513,243
Additional paid in capital12,18312,24312,32212,39512,43412,43312,390
Accumulated other comprehensive income (loss)(1,117)(1,126)(874)(964)(1,026)(582)610
Retained earnings (accumulated deficit)(2,114)(1,979)(2,163)(648)15088237
Other undisclosed stockholders' equity attributable to parent6666666
Stockholders' equity attributable to noncontrolling interest1,1691,1671,186284218171156
Total stockholders' equity:10,12710,31110,47711,07311,78212,11613,399
TOTAL LIABILITIES AND EQUITY:16,28215,71116,34614,55215,48315,09316,489

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenue, net 8,1398,2927,0397,200
Gross profit:9,74210,0749,0248,1398,2928,6338,574
Operating expenses(4,243) (7,952)(7,254)(7,450)(7,781)(7,804)
Operating income:5,49910,0741,072885842852770
Nonoperating income (expense)1233(325)1321870(653)
Other nonoperating income (expense)1233(325)1321875(653)
Income from continuing operations before equity method investments, income taxes:5,51110,1077471,017860922117
Income (loss) from equity method investments(13)(17)(1,006)(295)305890
Other undisclosed loss from continuing operations before income taxes(5,573)(9,736)(830)(1,337)(709)(924)(604)
Income (loss) from continuing operations before income taxes:(75)354(1,089)(615)18156(397)
Income tax expense (benefit)(52)(126)(355)(28)54(134)691
Income (loss) from continuing operations:(127)228(1,444)(643)235(78)294
Income from discontinued operations    15  
Net income (loss):(127)228(1,444)(643)250(78)294
Net loss attributable to noncontrolling interest(56)(73)(70)(95)(71)(69)(55)
Net income (loss) attributable to parent:(183)155(1,514)(738)179(147)239
Preferred stock dividends and other adjustments  (2)(2)(2)(2)(2)
Net income (loss) available to common stockholders, diluted:(183)155(1,516)(740)177(149)237

Comprehensive Income ($ in millions)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income (loss):(127)228(1,444)(643)250(78)294
Other comprehensive income (loss)(53)(288)4871(445)(1,216)341
Comprehensive income (loss):(180)(60)(1,396)(572)(195)(1,294)635
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(45)(15)(28)(104)(70)(45)2
Other undisclosed comprehensive loss, net of tax, attributable to parent      (59)
Comprehensive income (loss), net of tax, attributable to parent:(225)(75)(1,424)(676)(265)(1,339)578

Statements sources

The financial statements are based on the company's filings with the 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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