News (NWSA) FY2021 results: revenue $9.4 billion, up 3.9% on the year
News Corp. (NWSA) reported revenue of $9.4 billion for fiscal 2021, the year ended 30 June 2021, up 3.9% on the year before. Net income was $330 million, and diluted earnings per share $0.56. The figures are the company's own, from the 10-K it filed with the SEC on 10 August 2021.
Revenue
$9.4 billion
+3.9% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
$330 million
FY2014FY2021
Diluted EPS
$0.56
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Revenue
9,358
9,008
10,074
+3.9%
Selling, general and administrative
3,254
2,995
3,191
+8.6%
Operating income
n/a
n/a
1,244
Operating margin
n/a
n/a
12.3%
Pre-tax income
450
-1,524
354
Income tax
61.0
21.0
126
+190.5%
Effective tax rate
13.6%
n/a
35.6%
Net income
330
-1,269
155
Net margin
3.5%
-14.1%
1.5%
Diluted EPS
$0.56
-$2.16
$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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
1,237
780
928
+58.6%
Capital expenditure
390
438
572
-11.0%
Free cash flow
847
342
356
+147.7%
Free cash flow margin
9.1%
3.8%
3.5%
Cash from investing
-1,292
-427
-677
Cash from financing
699
-472
-610
Depreciation and amortisation
680
644
659
+5.6%
Share-based compensation
128
69.0
73.0
+85.5%
Buybacks
0.0
0.0
n/a
Dividends paid
163
158
161
+3.2%
Diluted shares, weighted
593m
588m
588m
+0.9%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
8,211
7,582
9,144
+8.3%
Non-controlling interest
935
807
1,167
+15.9%
Debt
2,313
1,259
1,453
+83.7%
Operating lease liabilities
1,116
1,146
0.0
-2.6%
Other liabilities
4,196
3,467
3,947
+21.0%
Total liabilities and equity
16,771
14,261
15,711
+17.6%
Fixed assets
2,272
2,256
2,554
+0.7%
Goodwill
4,653
3,951
5,147
+17.8%
Intangible assets
2,179
1,864
2,426
+16.9%
Investments
351
297
335
+18.2%
Cash and equivalents
2,236
1,517
1,643
+47.4%
Receivables
1,498
1,203
1,544
+24.5%
Inventory
253
348
348
-27.3%
Other assets
3,329
2,825
1,714
+17.8%
Total assets
16,771
14,261
15,711
+17.6%
10-K for the year ended 30 June 2021, filed 10 August 2021: the filing.