News (NWS) FY2017 results: revenue $8.1 billion, down 1.8% on the year
News Corp. (NWS) reported revenue of $8.1 billion for fiscal 2017, the year ended 30 June 2017, down 1.8% on the year before. Net income was -$738 million, and diluted earnings per share $-1.27. The figures are the company's own, from the 10-K it filed with the SEC on 15 August 2018.
Revenue
$8.1 billion
-1.8% on the year
FY2012FY2017
Operating margin
n/a
FY2012FY2017
Net income
-$738 million
FY2012FY2017
Diluted EPS
-$1.27
FY2012FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
8,139
8,292
8,524
-1.8%
Selling, general and administrative
2,725
2,722
2,627
+0.1%
Pre-tax income
-615
181
552
Income tax
28.0
-54.0
185
Effective tax rate
n/a
-29.8%
33.5%
Net income
-738
179
-147
Net margin
-9.1%
2.2%
-1.7%
Diluted EPS
-$1.27
$0.30
-$0.26
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
494
878
831
-43.7%
Capital expenditure
256
256
308
0.0%
Free cash flow
238
622
523
-61.7%
Free cash flow margin
2.9%
7.5%
6.1%
Cash from investing
-420
-1,111
-1,741
Cash from financing
-217
150
-190
Depreciation and amortisation
449
505
498
-11.1%
Share-based compensation
38.0
55.0
53.0
-30.9%
Dividends paid
152
147
30.0
+3.4%
Dividend per share
$0.20
$0.20
$0.00
0.0%
Diluted shares, weighted
581m
582m
581m
-0.2%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
10,789
11,564
11,945
-6.7%
Non-controlling interest
284
218
171
+30.3%
Debt
379
372
0.0
+1.9%
Other liabilities
3,100
3,329
2,919
-6.9%
Total liabilities and equity
14,552
15,483
15,035
-6.0%
Fixed assets
1,624
2,405
2,690
-32.5%
Goodwill
3,838
3,714
3,063
+3.3%
Intangible assets
2,281
2,207
2,203
+3.4%
Investments
2,027
2,270
2,379
-10.7%
Cash and equivalents
2,016
1,832
1,951
+10.0%
Receivables
1,276
1,229
1,283
+3.8%
Inventory
208
218
299
-4.6%
Other assets
1,282
1,608
1,167
-20.3%
Total assets
14,552
15,483
15,035
-6.0%
10-K for the year ended 30 June 2017, filed 15 August 2018: the filing.