News (NWSA) FY2020 results: revenue $9.0 billion, down 10.6% on the year
News Corp. (NWSA) reported revenue of $9.0 billion for fiscal 2020, the year ended 30 June 2020, down 10.6% on the year before. Net income was -$1.3 billion, and diluted earnings per share $-2.16. The figures are the company's own, from the 10-K it filed with the SEC on 11 August 2020.
Revenue
$9.0 billion
-10.6% on the year
FY2013FY2020
Operating margin
n/a
12.3% a year earlier
FY2013FY2020
Net income
-$1.3 billion
FY2013FY2020
Diluted EPS
-$2.16
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
9,008
10,074
9,024
-10.6%
Selling, general and administrative
2,995
3,191
3,049
-6.1%
Operating income
n/a
1,244
n/a
Operating margin
n/a
12.3%
n/a
Pre-tax income
-1,524
354
-1,089
Income tax
21.0
126
355
-83.3%
Effective tax rate
n/a
35.6%
n/a
Net income
-1,269
155
-1,514
Net margin
-14.1%
1.5%
-16.8%
Diluted EPS
-$2.16
$0.26
-$2.60
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
780
928
757
-15.9%
Capital expenditure
438
572
364
-23.4%
Free cash flow
342
356
393
-3.9%
Free cash flow margin
3.8%
3.5%
4.4%
Cash from investing
-427
-677
-321
Cash from financing
-472
-610
-398
Depreciation and amortisation
644
659
472
-2.3%
Share-based compensation
69.0
73.0
76.0
-5.5%
Buybacks
0.0
n/a
n/a
Dividends paid
158
161
158
-1.9%
Dividend per share
n/a
n/a
$0.20
Diluted shares, weighted
588m
588m
583m
0.0%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
7,582
9,144
9,291
-17.1%
Non-controlling interest
807
1,167
1,186
-30.8%
Debt
1,259
1,453
1,952
-13.4%
Operating lease liabilities
1,146
0.0
n/a
Other liabilities
3,467
3,947
3,917
-12.2%
Total liabilities and equity
14,261
15,711
16,346
-9.2%
Fixed assets
2,256
2,554
2,560
-11.7%
Goodwill
3,951
5,147
5,218
-23.2%
Intangible assets
1,864
2,426
2,671
-23.2%
Investments
297
335
393
-11.3%
Cash and equivalents
1,517
1,643
2,034
-7.7%
Receivables
1,203
1,544
1,612
-22.1%
Inventory
348
348
376
0.0%
Other assets
2,825
1,714
1,482
+64.8%
Total assets
14,261
15,711
16,346
-9.2%
10-K for the year ended 30 June 2020, filed 11 August 2020: the filing.