Fox Corp

10-K & 10-Q Filings

Fox Corporation is a news, sports, and entertainment company based in New York, NY. The company was spun off from Twenty-First Century Fox, Inc. in 2019 and is now publicly traded on The Nasdaq Global Select Market under the ticker symbols FOX and FOXA for Class A and Class B Common Stock, respectively. Fox Corporation's business strategy includes maintaining leading positions in live news, live sports, and quality entertainment, increasing revenue growth through the delivery of high-quality, premium content, and expanding digital distribution offerings and direct engagement with consumers. The company's business is organized into three segments: Cable Network Programming, Television, and Other, Corporate and Eliminations. The Cable Network Programming segment produces and licenses news, business news, and sports content for distribution through traditional and virtual MVPDs and other digital platforms. The Television segment produces, acquires, markets, and distributes programming through the FOX broadcast network, the Tubi AVOD service, broadcast television stations, and other digital platforms. The Other, Corporate and Eliminations segment principally consists of the FOX Studio Lot, Credible Labs Inc., corporate overhead costs, and intracompany eliminations. The company's website is www.foxcorporation.com.

12 mos ending Jun 30, 201912 mos ending Jun 30, 202012 mos ending Jun 30, 202112 mos ending Jun 30, 202212 mos ending Jun 30, 20236 mos ending Dec 31, 20226 mos ending Dec 31, 2023CAGR %YoY %Revenue (+)
$11389.00
12303.00
12909.00
13603.00
14695.00
7669.00
7327.00
6.58%-4.46%Selling, General & Administrative (-)
$1419.00
1741.00
1807.00
1920.00
2049.00
998.00
975.00
9.62%-2.30%Depreciation & Amortization (-)
$212.00
258.00
300.00
363.00
411.00
202.00
193.00
18.00%-4.46%Non-recurring Operating Expenses (-)
$26.00
451.00
35.00
111.00
43.74%Operating Expenses (-)
$8984.00
10257.00
10179.00
11400.00
12260.00
6384.00
6423.00
8.08%0.61%Costs & Expenses (Total) (-)
$8984.00
10257.00
10179.00
11400.00
12260.00
6384.00
6423.00
8.08%0.61%Operating Income/Loss (+)
$2405.00
2046.00
2730.00
2203.00
2435.00
1285.00
904.00
0.31%-29.65%Non-operating Income/Expense (+)
$22.00
-213.00
583.00
-509.00
-699.00
-3.00
-212.00
-6966.67%Interest Expense (-)
$203.00
369.00
395.00
Earnings before Tax (+)
$2224.00
1464.00
2918.00
1694.00
1736.00
1282.00
692.00
-6.01%-46.02%Tax Expense (-)
$581.00
402.00
717.00
461.00
483.00
348.00
162.00
-4.51%-53.45%Income/Loss (Continuing Operations) (+)
$1643.00
1062.00
2201.00
1233.00
1253.00
934.00
530.00
-6.55%-43.25%Profit/Loss (+)
$1643.00
1062.00
2201.00
1233.00
1253.00
934.00
530.00
-6.55%-43.25%Net Income/Loss (NCI) (-)
$48.00
63.00
51.00
28.00
14.00
16.00
14.00
-26.51%-12.50%Net Income/Loss (+)
$1595.00
999.00
2150.00
1205.00
1239.00
918.00
516.00
-6.12%-43.79%Net Income/Loss (Common) (+)
$1595.00
999.00
2150.00
1205.00
1239.00
918.00
516.00
-6.12%-43.79%EPS (Basic)
$2.57
1.63
3.64
2.13
2.34
1.68
1.06
-2.32%-36.90%EPS (Diluted)
$2.57
1.62
3.61
2.11
2.33
1.68
1.06
-2.42%-36.90%Weighted Avg Shares (Basic)
354.43
343.68
323.40
306.48
253.68
545.00
487.00
-8.02%-10.64%Weighted Avg Shares (Diluted)
547.00
488.00
-10.79%Cash
$3234.00
4645.00
5886.00
5200.00
4272.00
4058.00
4122.00
7.21%1.58%Receivables
$1967.00
1888.00
2029.00
2128.00
2177.00
3004.00
3001.00
2.57%-0.10%Inventory
$1129.00
856.00
729.00
791.00
543.00
1300.00
1038.00
-16.72%-20.15%Other Assets (Current)
$148.00
97.00
105.00
162.00
265.00
209.00
340.00
15.68%62.68%Assets (Current)
$6478.00
7486.00
8749.00
8281.00
7257.00
8571.00
8501.00
2.88%-0.82%Property, Plant & Equipment (Net)
$1313.00
1498.00
1708.00
1682.00
1708.00
1680.00
1676.00
6.80%-0.24%Goodwill & Intangibles
$5542.00
6607.00
6589.00
6711.00
6643.00
6670.00
6620.00
4.63%-0.75%Other Assets
$6176.00
6159.00
5880.00
5511.00
6258.00
6205.00
6049.00
0.33%-2.51%Assets (Non-current)
$13031.00
14264.00
14177.00
13904.00
14609.00
14555.00
14345.00
2.90%-1.44%Assets (Total)
$19509.00
21750.00
22926.00
22185.00
21866.00
23126.00
22846.00
2.89%-1.21%Accounts Payable
$1712.00
2253.00
2296.00
2514.00
2543.00
2457.00
10.08%-3.38%Debt (Current)
$
749.00
1249.00
1250.00
Other Liabilities (Current)
$
1906.00
Liabilities (Current)
$1712.00
1906.00
3002.00
2296.00
3763.00
2543.00
3707.00
21.76%45.77%Debt (Non-current)
$6751.00
7946.00
7202.00
7206.00
5961.00
7208.00
7195.00
-3.06%-0.18%Other Liabilities
$899.00
1787.00
1597.00
1120.00
1484.00
1503.00
1619.00
13.35%7.72%Liabilities (Non-current)
$7650.00
9733.00
8799.00
8326.00
7445.00
8711.00
8814.00
-0.68%1.18%Liabilities (Total)
$9362.00
11639.00
11801.00
10622.00
11208.00
11254.00
12521.00
4.60%11.26%Retained Earnings
$357.00
674.00
1982.00
2461.00
2269.00
2985.00
2514.00
58.78%-15.78%AOCI
$-308.00
-417.00
-318.00
-226.00
-149.00
-219.00
-146.00
33.33%Shareholder's Equity
$9958.00
10111.00
11125.00
11375.00
10445.00
11676.00
10325.00
1.20%-11.57%Liabilities & Equity
$19509.00
21750.00
22926.00
22185.00
21866.00
23126.00
22846.00
2.89%-1.21%Net Income/Loss
$1643.00
1062.00
2201.00
1233.00
1253.00
934.00
530.00
-6.55%-43.25%Depreciation & Amortization
$212.00
258.00
300.00
363.00
411.00
202.00
193.00
18.00%-4.46%Increase/Decrease in Working Capital
$-164.00
-220.00
21.00
683.00
270.00
1592.00
1555.00
-2.32%Share-based Compensation
$36.00
137.00
147.00
102.00
74.00
32.00
48.00
19.74%50.00%Adjustments to Reconcile Net Income
$881.00
1303.00
438.00
651.00
547.00
-1195.00
-1065.00
-11.23%10.88%Net Cash (Operating)
$2524.00
2365.00
2639.00
1884.00
1800.00
-261.00
-535.00
-8.10%-104.98%Capital Expenditure
$235.00
1420.00
442.00
467.00
357.00
153.00
150.00
11.02%-1.96%Net Cash (Investing)
$-637.00
-1100.00
-528.00
-513.00
-438.00
-221.00
-143.00
35.29%Increase/Decrease in Debt
$6750.00
1191.00
-750.00
1232.00
Increase/Decrease in Equity
$
-600.00
-1001.00
-975.00
-1965.00
-475.00
-500.00
-5.26%Dividends Paid
$188.00
335.00
330.00
307.00
299.00
155.00
142.00
12.30%-8.39%Net Cash (Financing)
$-1153.00
146.00
-870.00
-2057.00
-2290.00
-660.00
528.00
180.00%Increase/Decrease in Cash
$734.00
1411.00
1241.00
-686.00
-928.00
-1142.00
-150.00
86.87%Cash (Beginning)
$2500.00
3234.00
4645.00
5886.00
5200.00
5200.00
4272.00
20.09%-17.85%Cash (Ending)
$3234.00
4645.00
5886.00
5200.00
4272.00
4058.00
4122.00
7.21%1.58%NOPAT
$1776.72
1484.19
2059.19
1603.48
1757.52
936.19
692.37
-0.27%-26.04%Operating Margin %
21.12%
16.63%
21.15%
16.19%
16.57%
16.76%
12.34%
NOPAT Margin %
15.60%
12.06%
15.95%
11.79%
11.96%
12.21%
9.45%
Net Margin %
14.00%
8.12%
16.66%
8.86%
8.43%
11.97%
7.04%
Tax Rate %
26.12%
27.46%
24.57%
27.21%
27.82%
27.15%
23.41%
ROA
9.11%
6.82%
8.98%
7.23%
8.04%
4.05%
3.03%
ROE
17.84%
14.68%
18.51%
14.10%
16.83%
8.02%
6.71%
ROIC
18.95%
18.31%
20.40%
15.45%
17.53%
8.61%
6.53%
Asset Turnover
0.58
0.57
0.56
0.61
0.67
0.33
0.32
Equity Multiplier
1.96
2.15
2.06
1.95
2.09
1.98
2.21
Current Ratio
3.78
3.93
2.91
3.61
1.93
3.37
2.29
Quick Ratio
3.04
3.43
2.64
3.19
1.71
2.78
1.92
Debt/Equity Ratio
0.68
0.79
0.71
0.63
0.69
0.62
0.82
Working Capital/Sales
0.22
0.14
0.15
0.11
0.33
0.32
Dividend Payout Ratio %
10.58%
22.57%
16.03%
19.15%
17.01%
16.56%
20.51%
Total Payout
$-6562.00
-256.00
1331.00
2032.00
2264.00
630.00
-590.00
-193.65%Payout Ratio %
-369.33%
-17.25%
64.64%
126.72%
128.82%
67.29%
-85.21%