News (NWSA) FY2019 results: revenue $10.1 billion, up 11.6% on the year
News Corp. (NWSA) reported revenue of $10.1 billion for fiscal 2019, the year ended 30 June 2019, up 11.6% on the year before. Net income was $155 million, and diluted earnings per share $0.26. The figures are the company's own, from the 10-K it filed with the SEC on 13 August 2019.
Revenue
$10.1 billion
+11.6% on the year
FY2012FY2019
Operating margin
12.3%
FY2012FY2019
Net income
$155 million
FY2012FY2019
Diluted EPS
$0.26
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
10,074
9,024
8,139
+11.6%
Selling, general and administrative
3,191
3,049
2,725
+4.7%
Operating income
1,244
n/a
n/a
Operating margin
12.3%
n/a
n/a
Pre-tax income
354
-1,089
-615
Income tax
126
355
28.0
-64.5%
Effective tax rate
35.6%
n/a
n/a
Net income
155
-1,514
-738
Net margin
1.5%
-16.8%
-9.1%
Diluted EPS
$0.26
-$2.60
-$1.27
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
928
757
494
+22.6%
Capital expenditure
572
364
256
+57.1%
Free cash flow
356
393
238
-9.4%
Free cash flow margin
3.5%
4.4%
2.9%
Cash from investing
-677
-321
-420
Cash from financing
-610
-398
-217
Depreciation and amortisation
659
472
449
+39.6%
Share-based compensation
73.0
76.0
38.0
-3.9%
Dividends paid
161
158
152
+1.9%
Dividend per share
n/a
$0.20
$0.20
Diluted shares, weighted
588m
583m
581m
+0.9%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
9,144
9,291
10,789
-1.6%
Non-controlling interest
1,167
1,186
284
-1.6%
Debt
1,453
1,952
379
-25.6%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
3,947
3,917
3,100
+0.8%
Total liabilities and equity
15,711
16,346
14,552
-3.9%
Fixed assets
2,554
2,560
1,624
-0.2%
Goodwill
5,147
5,218
3,838
-1.4%
Intangible assets
2,426
2,671
2,281
-9.2%
Investments
335
393
2,027
-14.8%
Cash and equivalents
1,643
2,034
2,016
-19.2%
Receivables
1,544
1,612
1,276
-4.2%
Inventory
348
376
208
-7.4%
Other assets
1,714
1,482
1,282
+15.7%
Total assets
15,711
16,346
14,552
-3.9%
10-K for the year ended 30 June 2019, filed 13 August 2019: the filing.