Fox (FOXA) Q4 FY2023 earnings: revenue $3.0 billion, unchanged on the year
Fox Corp. (FOXA) reported revenue of $3.0 billion for Q4 FY2023, the quarter ended 30 June 2023, unchanged on the same quarter a year earlier. Net income was $375 million, up 22.5% on the year, and diluted earnings per share $0.75. The figures are the company's own, from the 10-K it filed with the SEC on 11 August 2023.
Revenue
$3.0 billion
-0.0% on the year · -25.8% on the quarter
Q1 FY2022Q4 FY2023
Operating margin
n/a
Q1 FY2022Q4 FY2023
Net income
$375 million
+22.5% on the year
Q1 FY2022Q4 FY2023
Diluted EPS
$0.75
+36.4% on the year
Q1 FY2022Q4 FY2023
this quarterthe same quarter a year earlierHover a bar for its figure.
Income statement (profit and loss)
$ million
Q4 FY2023
Q3 FY2023
Q4 FY2022
On the quarter
On the year
Last 8 quarters
Revenue
3,032
4,084
3,033
-25.8%
-0.0%
Selling, general and administrative
523
528
552
-0.9%
-5.3%
Interest expense
87.0
86.0
90.0
+1.2%
-3.3%
Pre-tax income
505
-51.0
447
+13.0%
Income tax
136
-1.0
139
-2.2%
Effective tax rate
26.9%
n/a
31.1%
Net income
375
-54.0
306
+22.5%
Net margin
12.4%
-1.3%
10.1%
Diluted EPS
$0.75
-$0.10
$0.55
+36.4%
$ million except per share. Read moreFourth quarters are the year less the first three quarters. Free 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
Q4 FY2023
Q3 FY2023
Q4 FY2022
On the quarter
On the year
Last 8 quarters
Operating cash flow
493
1,568
933
-68.6%
-47.2%
Capital expenditure
120
84.0
116
+42.9%
+3.4%
Free cash flow
373
1,484
817
-74.9%
-54.3%
Free cash flow margin
12.3%
36.3%
26.9%
Cash from investing
-120
-97.0
-127
Cash from financing
-247
-1,383
-240
Depreciation and amortisation
103
106
99.0
-2.8%
+4.0%
Share-based compensation
19.0
23.0
27.0
-17.4%
-29.6%
Buybacks
250
1,250
252
-80.0%
-0.8%
Dividends paid
8.0
136
12.0
-94.1%
-33.3%
Diluted shares, weighted
531m
521m
570m
+1.9%
-6.8%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q4 FY2023
Q3 FY2023
Q4 FY2022
On the quarter
On the year
Last 8 quarters
Shareholders' equity
10,378
10,185
11,339
+1.9%
-8.5%
Non-controlling interest
67.0
70.0
36.0
-4.3%
+86.1%
Redeemable equity
213
200
188
+6.5%
+13.3%
Debt
7,210
7,210
7,206
0.0%
+0.1%
Operating lease liabilities
925
930
405
-0.5%
+128.4%
Other liabilities
3,073
3,801
3,011
-19.2%
+2.1%
Total liabilities and equity
21,866
22,396
22,185
-2.4%
-1.4%
Fixed assets
1,708
1,675
1,682
+2.0%
+1.5%
Goodwill
3,559
3,557
3,554
+0.1%
+0.1%
Intangible assets
3,084
3,097
3,157
-0.4%
-2.3%
Investments
1,034
954
578
+8.4%
+78.9%
Cash and equivalents
4,272
4,146
5,200
+3.0%
-17.8%
Receivables
2,177
2,741
2,128
-20.6%
+2.3%
Inventory
543
487
791
+11.5%
-31.4%
Other assets
5,489
5,739
5,095
-4.4%
+7.7%
Total assets
21,866
22,396
22,185
-2.4%
-1.4%
Questions
What was Fox's revenue in Q4 FY2023?
Fox (FOXA) reported revenue of $3.0 billion for Q4 FY2023, the quarter ended 30 June 2023, unchanged on the same quarter a year earlier.
How much did Fox earn in Q4 FY2023?
Net income for Q4 FY2023 was $375 million, up 22.5% on the year, and diluted earnings per share $0.75.
When did Fox report Q4 FY2023 results?
Fox filed its 10-K for the year that ended with the quarter on 11 August 2023; the fourth quarter is the year less the first three.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-K for the period ended 30 June 2023, filed 11 August 2023: the filing.