News (NWS) FY2018 results: revenue $9.0 billion, up 10.9% on the year
News Corp. (NWS) reported revenue of $9.0 billion for fiscal 2018, the year ended 30 June 2018, up 10.9% on the year before. Net income was -$1.5 billion, and diluted earnings per share $-2.60. The figures are the company's own, from the 10-K it filed with the SEC on 15 August 2018.
Revenue
$9.0 billion
+10.9% on the year
FY2012FY2018
Operating margin
n/a
FY2012FY2018
Net income
-$1.5 billion
FY2012FY2018
Diluted EPS
-$2.60
FY2012FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
9,024
8,139
8,292
+10.9%
Selling, general and administrative
3,049
2,725
2,722
+11.9%
Pre-tax income
-1,089
-615
181
Income tax
355
28.0
-54.0
+1,167.9%
Effective tax rate
n/a
n/a
-29.8%
Net income
-1,514
-738
179
Net margin
-16.8%
-9.1%
2.2%
Diluted EPS
-$2.60
-$1.27
$0.30
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
757
494
878
+53.2%
Capital expenditure
364
256
256
+42.2%
Free cash flow
393
238
622
+65.1%
Free cash flow margin
4.4%
2.9%
7.5%
Cash from investing
-321
-420
-1,111
Cash from financing
-398
-217
150
Depreciation and amortisation
472
449
505
+5.1%
Share-based compensation
76.0
38.0
55.0
+100.0%
Dividends paid
158
152
147
+3.9%
Dividend per share
$0.20
$0.20
$0.20
0.0%
Diluted shares, weighted
583m
581m
582m
+0.2%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
9,291
10,789
11,564
-13.9%
Non-controlling interest
1,186
284
218
+317.6%
Debt
1,952
379
372
+415.0%
Other liabilities
3,917
3,100
3,329
+26.4%
Total liabilities and equity
16,346
14,552
15,483
+12.3%
Fixed assets
2,560
1,624
2,405
+57.6%
Goodwill
5,218
3,838
3,714
+36.0%
Intangible assets
2,671
2,281
2,207
+17.1%
Investments
393
2,027
2,270
-80.6%
Cash and equivalents
2,034
2,016
1,832
+0.9%
Receivables
1,612
1,276
1,229
+26.3%
Inventory
376
208
218
+80.8%
Other assets
1,482
1,282
1,608
+15.6%
Total assets
16,346
14,552
15,483
+12.3%
10-K for the year ended 30 June 2018, filed 15 August 2018: the filing.