Fox (FOX) FY2021 results: revenue $12.9 billion, up 4.9% on the year
Fox Corp. (FOX) reported revenue of $12.9 billion for fiscal 2021, the year ended 30 June 2021, up 4.9% on the year before. Net income was $2.1 billion, up 115.2%, and diluted earnings per share $3.61. The figures are the company's own, from the 10-K it filed with the SEC on 10 August 2021.
Revenue
$12.9 billion
+4.9% on the year
FY2017FY2021
Operating margin
n/a
FY2017FY2021
Net income
$2.1 billion
+115.2% on the year
FY2017FY2021
Diluted EPS
$3.61
+122.8% on the year
FY2017FY2021
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Revenue
12,909
12,303
11,389
+4.9%
Selling, general and administrative
1,807
1,741
1,419
+3.8%
Interest expense
395
369
203
+7.0%
Pre-tax income
2,918
1,464
2,224
+99.3%
Income tax
717
402
581
+78.4%
Effective tax rate
24.6%
27.5%
26.1%
Net income
2,150
999
1,595
+115.2%
Net margin
16.7%
8.1%
14.0%
Diluted EPS
$3.61
$1.62
$2.57
+122.8%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
2,639
2,365
2,524
+11.6%
Capital expenditure
484
359
235
+34.8%
Free cash flow
2,155
2,006
2,289
+7.4%
Free cash flow margin
16.7%
16.3%
20.1%
Cash from investing
-528
-1,100
-637
Cash from financing
-870
146
-1,153
Depreciation and amortisation
300
258
212
+16.3%
Share-based compensation
147
137
36.0
+7.3%
Buybacks
1,001
600
0.0
+66.8%
Dividends paid
330
335
188
-1.5%
Diluted shares, weighted
595m
616m
621m
-3.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
11,123
10,094
9,947
+10.2%
Non-controlling interest
2.0
17.0
11.0
-88.2%
Redeemable equity
261
305
189
-14.4%
Debt
7,951
7,946
6,751
+0.1%
Operating lease liabilities
409
452
0.0
-9.5%
Other liabilities
3,180
2,936
2,611
+8.3%
Total liabilities and equity
22,926
21,750
19,509
+5.4%
Fixed assets
1,708
1,498
1,313
+14.0%
Goodwill
3,435
3,409
2,691
+0.8%
Intangible assets
3,154
3,198
2,851
-1.4%
Investments
899
618
865
+45.5%
Cash and equivalents
5,886
4,645
3,234
+26.7%
Receivables
2,029
1,888
1,967
+7.5%
Inventory
729
856
1,129
-14.8%
Other assets
5,086
5,638
5,459
-9.8%
Total assets
22,926
21,750
19,509
+5.4%
10-K for the year ended 30 June 2021, filed 10 August 2021: the filing.