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)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,5621,5171,6432,0342,0161,8321,951
Cash and cash equivalents1,5621,5171,6432,0342,0161,8321,951
Restricted cash and investments     315 
Receivables1,4441,2031,5441,6121,2761,2291,310
Inventory, net of allowances, customer advances and progress billings203348348376208218319
Inventory203348348376208218319
Other current assets387393515372523513651
Other undisclosed current assets    (208)(218)(256)
Total current assets:3,5963,4614,0504,3943,8153,8893,975
Noncurrent Assets
Operating lease, right-of-use asset1,0741,061
Property, plant and equipment2,3152,2562,5542,5601,6242,4052,746
Long-term investments and receivables3532973353932,0272,2702,418
Long-term investments3532973353932,0272,2702,379
Accounts and financing receivable, after allowance for credit loss      39
Intangible assets, net (including goodwill)6,2265,8157,5737,8896,1195,9215,305
Goodwill4,2923,9515,1475,2183,8383,7143,063
Intangible assets, net (excluding goodwill)1,9341,8642,4262,6712,2812,2072,242
Deferred income tax assets337332
Other noncurrent assets1,1931,039930831442396688
Defined benefit plan, assets for plan benefits17436
Other undisclosed noncurrent assets  269279508598(75)
Total noncurrent assets:11,49810,80011,66111,95210,73711,59411,118
TOTAL ASSETS:15,09414,26115,71116,34614,55215,48315,093
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,3851,3701,7391,9551,4261,5881,429
Accounts payable291351411605222217239
Accrued liabilities1,0941,0191,3281,3401,2041,3711,151
Employee-related liabilities   10  12
Taxes payable      27
Deferred revenue400398
Debt21276449462   
Deferred revenue and credits 426388361
Contract with customer, liability428
Other liabilities864838724372600466404
Other undisclosed current liabilities   506  (39)
Total current liabilities:2,8612,6823,3403,2952,4522,4422,155
Noncurrent Liabilities
Long-term debt and lease obligation2,2042,3291,0041,490276369 
Long-term debt, excluding current maturities1,0441,1831,0041,490276369 
Operating lease, liability1,1601,146
Liabilities, other than long-term debt955861761675731870802
Deferred tax liabilities, net  61171166
Deferred income tax liabilities339258
Liability, pension and other postretirement and postemployment benefits254277266245319350305
Other liabilities362326495430351349331
Other undisclosed noncurrent liabilities  295409202020
Total noncurrent liabilities:3,1593,1902,0602,5741,0271,259822
Total liabilities:6,0205,8725,4005,8693,4793,7012,977
Stockholders' equity
Stockholders' equity attributable to parent, including:8,1317,5829,1449,29110,78911,56411,945
Additional paid in capital12,09112,14812,24312,32212,39512,43412,433
Accumulated other comprehensive loss(990)(1,331)(1,126)(874)(964)(1,026)(582)
Retained earnings (accumulated deficit)(2,976)(3,241)(1,979)(2,163)(648)15088
Other undisclosed stockholders' equity attributable to parent6666666
Stockholders' equity attributable to noncontrolling interest9438071,1671,186284218171
Total stockholders' equity:9,0748,38910,31110,47711,07311,78212,116
TOTAL LIABILITIES AND EQUITY:15,09414,26115,71116,34614,55215,48315,093

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Revenue, net 8,1398,2927,039
Gross profit:8,7209,00810,0749,0248,1398,2928,633
Operating expenses(7,518)(7,995) (7,952)(7,254)(7,450)(7,781)
Operating income:1,2021,01310,0741,072885842852
Nonoperating income (expense)74933(325)1321870
Other nonoperating income (expense)74933(325)1321875
Income from continuing operations before equity method investments, income taxes:1,2761,02210,1077471,017860922
Income (loss) from equity method investments(46)(47)(17)(1,006)(295)3058
Other undisclosed loss from continuing operations before income taxes(2,259)(2,499)(9,736)(830)(1,337)(709)(924)
Income (loss) from continuing operations before income taxes:(1,029)(1,524)354(1,089)(615)18156
Income tax expense (benefit)(100)(21)(126)(355)(28)54(134)
Income (loss) from continuing operations:(1,129)(1,545)228(1,444)(643)235(78)
Income from discontinued operations     15 
Net income (loss):(1,129)(1,545)228(1,444)(643)250(78)
Net income (loss) attributable to noncontrolling interest267276(73)(70)(95)(71)(69)
Net income (loss) attributable to parent:(862)(1,269)155(1,514)(738)179(147)
Preferred stock dividends and other adjustments   (2)(2)(2)(2)
Net income (loss) available to common stockholders, diluted:(862)(1,269)155(1,516)(740)177(149)

Comprehensive Income ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net income (loss):(1,129)(1,545)228(1,444)(643)250(78)
Other comprehensive income (loss)172(251)(288)4871(445)(1,216)
Comprehensive loss:(957)(1,796)(60)(1,396)(572)(195)(1,294)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest221319(15)(28)(104)(70)(45)
Comprehensive loss, net of tax, attributable to parent:(736)(1,477)(75)(1,424)(676)(265)(1,339)

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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