News Corporation (NWS) financial statements (2022 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)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,1842,2361,5171,6432,0342,0161,832
Cash and cash equivalents2,1842,2361,5171,6432,0342,0161,832
Restricted cash and investments      315
Receivables1,6651,4981,2031,5441,6121,2761,229
Inventory, net of allowances, customer advances and progress billings248253348348376208218
Inventory248253348348376208218
Other current assets502469393515372523513
Other undisclosed current assets     (208)(218)
Total current assets:4,5994,4563,4614,0504,3943,8153,889
Noncurrent Assets
Operating lease, right-of-use asset9631,0351,061
Property, plant and equipment2,1342,2722,2562,5542,5601,6242,405
Long-term investments and receivables5053512973353932,0272,270
Long-term investments5053512973353932,0272,270
Intangible assets, net (including goodwill)6,6396,8325,8157,5737,8896,1195,921
Goodwill4,5574,6533,9515,1475,2183,8383,714
Intangible assets, net (excluding goodwill)2,0822,1791,8642,4262,6712,2812,207
Deferred income tax assets295378332
Other noncurrent assets1,3851,4471,039930831442396
Defined benefit plan, assets for plan benefits174
Other undisclosed noncurrent assets   269279508598
Total noncurrent assets:11,92112,31510,80011,66111,95210,73711,594
TOTAL ASSETS:16,52016,77114,26115,71116,34614,55215,483
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,4691,6601,3701,7391,9551,4261,588
Accounts payable351321351411605222217
Accrued liabilities1,1181,3391,0191,3281,3401,2041,371
Employee-related liabilities    10  
Deferred revenue462473398
Debt3022876449462  
Deferred revenue and credits 426388
Contract with customer, liability428
Other liabilities1,0001,073838724372600466
Other undisclosed current liabilities    506  
Total current liabilities:3,2333,2342,6823,3403,2952,4522,442
Noncurrent Liabilities
Long-term debt and lease obligation3,0033,4012,3291,0041,490276369
Long-term debt, excluding current maturities1,9682,2851,1831,0041,490276369
Operating lease, liability1,0351,1161,146
Liabilities, other than long-term debt937990861761675731870
Deferred tax liabilities, net  61171
Deferred income tax liabilities241260258
Liability, pension and other postretirement and postemployment benefits202211277266245319350
Other liabilities494519326495430351349
Other undisclosed noncurrent liabilities   2954092020
Total noncurrent liabilities:3,9404,3913,1902,0602,5741,0271,259
Total liabilities:7,1737,6255,8725,4005,8693,4793,701
Stockholders' equity
Stockholders' equity attributable to parent, including:8,3838,2117,5829,1449,29110,78911,564
Additional paid in capital11,94812,05712,14812,24312,32212,39512,434
Accumulated other comprehensive loss(1,089)(941)(1,331)(1,126)(874)(964)(1,026)
Retained earnings (accumulated deficit)(2,482)(2,911)(3,241)(1,979)(2,163)(648)150
Other undisclosed stockholders' equity attributable to parent6666666
Stockholders' equity attributable to noncontrolling interest9649358071,1671,186284218
Total stockholders' equity:9,3479,1468,38910,31110,47711,07311,782
TOTAL LIABILITIES AND EQUITY:16,52016,77114,26115,71116,34614,55215,483

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues10,0469,3589,00810,0749,0248,1398,292
Revenue, net 8,1398,292
Gross profit:10,0469,3589,00810,0749,0248,1398,292
Operating expenses(8,542)(8,085)(7,995) (7,952)(7,254)(7,450)
Operating income:1,5041,2731,01310,0741,072885842
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
202143933(325)13218
Income from continuing operations before equity method investments, income taxes:1,7061,4161,02210,1077471,017860
Income (loss) from equity method investments(67)(65)(47)(17)(1,006)(295)30
Other undisclosed loss from continuing operations before income taxes(908)(901)(2,499)(9,736)(830)(1,337)(709)
Income (loss) from continuing operations before income taxes:731450(1,524)354(1,089)(615)181
Income tax expense (benefit)(121)(61)(21)(126)(355)(28)54
Income (loss) from continuing operations:610389(1,545)228(1,444)(643)235
Income from discontinued operations      15
Net income (loss):610389(1,545)228(1,444)(643)250
Net income (loss) attributable to noncontrolling interest(114)(59)276(73)(70)(95)(71)
Net income (loss) attributable to parent:496330(1,269)155(1,514)(738)179
Preferred stock dividends and other adjustments    (2)(2)(2)
Net income (loss) available to common stockholders, diluted:496330(1,269)155(1,516)(740)177

Comprehensive Income ($ in millions)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net income (loss):610389(1,545)228(1,444)(643)250
Other comprehensive income (loss)(139)468(251)(288)4871(445)
Comprehensive income (loss):471857(1,796)(60)(1,396)(572)(195)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(74)(137)319(15)(28)(104)(70)
Comprehensive income (loss), net of tax, attributable to parent:397720(1,477)(75)(1,424)(676)(265)

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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