News (NWSA) FY2016 results: revenue $8.3 billion, down 2.7% on the year
News Corp. (NWSA) reported revenue of $8.3 billion for fiscal 2016, the year ended 30 June 2016, down 2.7% on the year before. Net income was $179 million, and diluted earnings per share $0.30. The figures are the company's own, from the 10-K it filed with the SEC on 12 August 2016.
Revenue
$8.3 billion
-2.7% on the year
FY2012FY2016
Operating margin
n/a
FY2012FY2016
Net income
$179 million
FY2012FY2016
Diluted EPS
$0.30
FY2012FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
8,292
8,524
8,486
-2.7%
Selling, general and administrative
2,722
2,627
2,449
+3.6%
Pre-tax income
181
552
-178
-67.2%
Income tax
-54.0
185
-614
Effective tax rate
-29.8%
33.5%
n/a
Net income
179
-147
239
Net margin
2.2%
-1.7%
2.8%
Diluted EPS
$0.30
-$0.26
$0.41
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
878
831
n/a
+5.7%
Capital expenditure
256
308
358
-16.9%
Free cash flow
622
523
n/a
+18.9%
Free cash flow margin
7.5%
6.1%
n/a
Cash from investing
-1,111
-1,741
n/a
Cash from financing
150
-190
n/a
Depreciation and amortisation
505
498
552
+1.4%
Share-based compensation
55.0
53.0
32.0
+3.8%
Dividends paid
147
30.0
24.0
+390.0%
Dividend per share
$0.20
$0.00
$0.00
Diluted shares, weighted
582m
581m
580m
+0.3%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
11,564
11,945
13,243
-3.2%
Non-controlling interest
218
171
156
+27.5%
Debt
372
0.0
n/a
Other liabilities
3,329
2,919
3,090
+14.0%
Total liabilities and equity
15,483
15,035
16,489
+3.0%
Fixed assets
2,405
2,690
3,009
-10.6%
Goodwill
3,714
3,063
2,457
+21.3%
Intangible assets
2,207
2,203
2,137
+0.2%
Investments
2,270
2,379
2,609
-4.6%
Cash and equivalents
1,832
1,951
3,145
-6.1%
Receivables
1,229
1,283
1,388
-4.2%
Inventory
218
299
310
-27.1%
Other assets
1,608
1,167
1,434
+37.8%
Total assets
15,483
15,035
16,489
+3.0%
10-K for the year ended 30 June 2016, filed 12 August 2016: the filing.