Fox (FOX) FY2023 results: revenue $14.9 billion, up 6.7% on the year
Fox Corp. (FOX) reported revenue of $14.9 billion for fiscal 2023, the year ended 30 June 2023, up 6.7% on the year before. Net income was $1.2 billion, up 2.8%, and diluted earnings per share $2.33. The figures are the company's own, from the 10-K it filed with the SEC on 11 August 2023.
Revenue
$14.9 billion
+6.7% on the year
FY2017FY2023
Operating margin
n/a
FY2017FY2023
Net income
$1.2 billion
+2.8% on the year
FY2017FY2023
Diluted EPS
$2.33
+10.4% on the year
FY2017FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
1,800
1,884
2,639
-4.5%
Capital expenditure
357
307
484
+16.3%
Free cash flow
1,443
1,577
2,155
-8.5%
Free cash flow margin
9.7%
11.3%
16.7%
Cash from investing
-438
-513
-528
Cash from financing
-2,290
-2,057
-870
Depreciation and amortisation
411
363
300
+13.2%
Share-based compensation
74.0
102
147
-27.5%
Buybacks
2,000
1,000
1,001
+100.0%
Dividends paid
299
307
330
-2.6%
Diluted shares, weighted
531m
570m
595m
-6.8%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
10,378
11,339
11,123
-8.5%
Non-controlling interest
67.0
36.0
2.0
+86.1%
Redeemable equity
213
188
261
+13.3%
Debt
7,210
7,206
7,951
+0.1%
Operating lease liabilities
925
405
409
+128.4%
Other liabilities
3,073
3,011
3,180
+2.1%
Total liabilities and equity
21,866
22,185
22,926
-1.4%
Fixed assets
1,708
1,682
1,708
+1.5%
Goodwill
3,559
3,554
3,435
+0.1%
Intangible assets
3,084
3,157
3,154
-2.3%
Investments
1,034
578
899
+78.9%
Cash and equivalents
4,272
5,200
5,886
-17.8%
Receivables
2,177
2,128
2,029
+2.3%
Inventory
543
791
729
-31.4%
Other assets
5,489
5,095
5,086
+7.7%
Total assets
21,866
22,185
22,926
-1.4%
10-K for the year ended 30 June 2023, filed 11 August 2023: the filing.