Cash flow Fox Corporation

Equities

FOXA

US35137L1052

Broadcasting

Market Closed - Nasdaq Other stock markets 04:00:00 2024-12-06 pm EST			5-day change	1st Jan Change
47.00 ^USD	+0.75%		-0.25%	+58.41%

Nov. 29	Wall Street hit by turkey coma
Nov. 29	MoffettNathanson Adjusts Price Target on Fox to $49 From $51, Maintains Buy Rating	MT

af725f54039d802828853b4dc471.O3nMciiFfdBHn7_f0CYZciVKmNfGKHFdQczdL2zpp-Q.eguNNn3rGYgFyNGWhnZKIVwG3J-VZh4cBv-7HVye65xsHOEbQrEcpTbN7g

Published financial data: FOX CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2020	2021	2022	2023	2024
Revenues	12.3B	12.91B	13.97B	14.91B	13.98B
Total Revenues	12.3B	12.91B	13.97B	14.91B	13.98B
Cost of Goods Sold, Total	7.81B	8.04B	9.12B	9.69B	9.09B
Gross Profit	4.5B	4.87B	4.86B	5.22B	4.89B
Selling General & Admin Expenses, Total	1.74B	1.81B	1.94B	2.08B	2.05B
Depreciation & Amortization - (IS)	258M	300M	363M	411M	389M
Other Operating Expenses	-	-	-	-	10M
Other Operating Expenses, Total	2B	2.11B	2.3B	2.49B	2.45B
Operating Income	2.5B	2.76B	2.56B	2.73B	2.44B
Interest Expense, Total	-369M	-395M	-377M	-349M	-405M
Interest And Investment Income	35M	4M	6M	131M	189M
Net Interest Expenses	-334M	-391M	-371M	-218M	-216M
Income (Loss) On Equity Invest.	-	-	-	-	-44M
Other Non Operating Income (Expenses)	-47M	-77M	-25M	-58M	2M
EBT, Excl. Unusual Items	2.12B	2.3B	2.16B	2.46B	2.18B
Restructuring Charges	-451M	-35M	-	-111M	-13M
Merger & Related Restructuring Charges	-67M	-	-	-	-
Gain (Loss) On Sale Of Investments	14M	258M	-386M	403M	-189M
Gain (Loss) On Sale Of Assets	-	-	-	-	166M
Asset Writedown	-	-	-	-	-
Legal Settlements	-148M	-64M	-81M	-1.01B	-44M
Other Unusual Items	-	462M	-	-	-
EBT, Incl. Unusual Items	1.46B	2.92B	1.69B	1.74B	2.1B
Income Tax Expense	402M	717M	461M	483M	550M
Earnings From Continuing Operations	1.06B	2.2B	1.23B	1.25B	1.55B
Net Income to Company	1.06B	2.2B	1.23B	1.25B	1.55B
Minority Interest	-63M	-51M	-28M	-14M	-53M
Net Income - (IS)	999M	2.15B	1.2B	1.24B	1.5B
Net Income to Common Incl Extra Items	999M	2.15B	1.2B	1.24B	1.5B
Net Income to Common Excl. Extra Items	999M	2.15B	1.2B	1.24B	1.5B
Per Share Items
Net EPS - Basic	1.63	3.64	2.13	2.34	3.14
Basic EPS - Continuing Operations	1.63	3.64	2.13	2.34	3.14
Basic Weighted Average Shares Outstanding	613M	591M	566M	529M	478M
Net EPS - Diluted	1.62	3.61	2.11	2.33	3.13
Diluted EPS - Continuing Operations	1.62	3.61	2.11	2.33	3.13
Diluted Weighted Average Shares Outstanding	616M	595M	570M	531M	480M
Normalized Basic EPS	2.05	2.34	2.34	2.87	2.74
Normalized Diluted EPS	2.04	2.33	2.32	2.86	2.73
Dividend Per Share	0.46	0.46	0.48	0.5	0.52
Payout Ratio	33.53	15.35	25.48	24.13	18.72
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	2.78B	3.09B	2.94B	3.16B	2.85B
EBITA	2.56B	2.85B	2.64B	2.82B	2.5B
EBIT	2.5B	2.76B	2.56B	2.73B	2.44B
EBITDAR	2.9B	3.21B	3.07B	3.3B	2.99B
Effective Tax Rate - (Ratio)	27.46	24.57	27.21	27.82	26.14
Current Domestic Taxes	119M	183M	119M	162M	347M
Total Current Taxes	119M	183M	119M	162M	347M
Deferred Domestic Taxes	283M	534M	342M	321M	203M
Total Deferred Taxes	283M	534M	342M	321M	203M
Normalized Net Income	1.26B	1.38B	1.32B	1.52B	1.31B
Non-Cash Pension Expense	13M	26M	14M	35M	28M
Supplemental Operating Expense Items
Advertising Expense	425M	558M	708M	680M	646M
Net Rental Expense, Total	126M	126M	128M	145M	147M
Imputed Operating Lease Interest Expense	48.71M	46.92M	47.75M	50.84M	58.23M
Imputed Operating Lease Depreciation	77.29M	79.08M	80.25M	94.16M	88.77M
Stock-Based Comp., SG&A Exp. (Total)	40M	-	-	-	-
Stock-Based Comp., Other (Total)	116M	147M	102M	74M	90M
Total Stock-Based Compensation	156M	147M	102M	74M	90M

Fiscal Period: June	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	4.64B	5.89B	5.2B	4.27B	4.32B
Total Cash And Short Term Investments	4.64B	5.89B	5.2B	4.27B	4.32B
Accounts Receivable, Total	1.89B	2.03B	2.13B	2.18B	2.36B
Total Receivables	1.89B	2.03B	2.13B	2.18B	2.36B
Other Current Assets, Total	953M	834M	953M	808M	818M
Total Current Assets	7.49B	8.75B	8.28B	7.26B	7.5B
Gross Property Plant And Equipment	3.85B	3.91B	3.89B	4.62B	4.77B
Accumulated Depreciation	-1.81B	-1.73B	-1.73B	-1.97B	-2.17B
Net Property Plant And Equipment	2.04B	2.18B	2.16B	2.66B	2.6B
Long-term Investments	618M	899M	578M	1.03B	1.13B
Goodwill	3.41B	3.44B	3.55B	3.56B	3.54B
Other Intangibles, Total	3.4B	3.35B	3.68B	3.73B	3.75B
Deferred Tax Assets Long-Term	4.36B	3.82B	3.44B	3.09B	2.88B
Other Long-Term Assets, Total	442M	491M	495M	545M	570M
Total Assets	21.75B	22.93B	22.18B	21.87B	21.97B
Liabilities
Accounts Payable, Total	240M	229M	302M	469M	408M
Accrued Expenses, Total	907M	1.08B	992M	1.03B	1.01B
Current Portion of Long-Term Debt	-	749M	-	1.25B	599M
Current Portion of Leases	122M	92M	107M	72M	76M
Current Income Taxes Payable	-	-	-	-	-
Unearned Revenue Current, Total	152M	196M	209M	160M	180M
Other Current Liabilities	485M	659M	686M	785M	683M
Total Current Liabilities	1.91B	3B	2.3B	3.76B	2.95B
Long-Term Debt	7.95B	7.2B	7.21B	5.96B	6.6B
Long-Term Leases	452M	409M	405M	925M	879M
Pension & Other Post Retirement Benefits	709M	586M	447M	361M	276M
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	321M	341M	268M	198M	211M
Total Liabilities	11.33B	11.54B	10.62B	11.21B	10.92B
Common Stock, Total	6M	6M	6M	5M	4M
Additional Paid In Capital	9.83B	9.45B	9.1B	8.25B	7.68B
Retained Earnings	674M	1.98B	2.46B	2.27B	3.14B
Comprehensive Income and Other	-417M	-318M	-226M	-149M	-107M
Total Common Equity	10.09B	11.12B	11.34B	10.38B	10.71B
Minority Interest	322M	263M	224M	280M	342M
Total Equity	10.42B	11.39B	11.56B	10.66B	11.06B
Total Liabilities And Equity	21.75B	22.93B	22.18B	21.87B	21.97B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	605M	575M	549M	489M	460M
ECS Total Common Shares Outstanding	605M	576M	551M	498M	461M
Book Value / Share	16.69	19.3	20.59	20.82	23.23
Tangible Book Value	3.28B	4.34B	4.11B	3.09B	3.42B
Tangible Book Value Per Share	5.43	7.52	7.46	6.2	7.41
Total Debt	8.52B	8.45B	7.72B	8.21B	8.15B
Net Debt	3.88B	2.57B	2.52B	3.94B	3.83B
Debt Equivalent of Unfunded Proj. Benefit Obligation	621M	496M	402M	319M	228M
Debt Equivalent Oper. Leases	1.01B	1.01B	1.02B	1.16B	1.18B
Minority Interest, Total (Incl. Fin. Div)	322M	263M	224M	280M	342M
Account Code - Inventory Valuation	3	3	3	3	3
Film Contract & Broadcasting Rights - Long-Term, Total	202M	199M	521M	642M	712M
Land - (BS)	126M	204M	199M	205M	206M
Buildings, Total	1.3B	1.32B	1.28B	1.32B	1.37B
Machinery, Total	1.58B	1.65B	1.74B	1.9B	2B
Full Time Employees	9K	9K	10.6K	10.4K	10.2K
Accumulated Allowance for Doubtful Accounts (Supple)	93M	77M	54M	44M	44M

Fiscal Period: June	2020	2021	2022	2023	2024
Net Income	999M	2.15B	1.2B	1.24B	1.5B
Depreciation & Amortization - CF	222M	237M	297M	337M	344M
Amortization of Goodwill and Intangible Assets - (CF)	60M	85M	84M	90M	61M
Depreciation & Amortization, Total	282M	322M	381M	427M	405M
(Gain) Loss From Sale Of Asset	-	-	-	-	-166M
(Gain) Loss on Sale of Investments - (CF)	-14M	-258M	386M	-403M	189M
Asset Writedown & Restructuring Costs	133M	35M	-	111M	67M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	44M
Stock-Based Compensation (CF)	137M	147M	102M	74M	90M
Other Operating Activities, Total	608M	264M	493M	622M	280M
Change In Accounts Receivable	345M	-269M	-79M	-104M	-172M
Change In Inventories	181M	190M	-301M	145M	-303M
Change In Accounts Payable	-306M	282M	-54M	-68M	-1M
Change in Other Net Operating Assets	-	-224M	-249M	-243M	-94M
Cash from Operations	2.36B	2.64B	1.88B	1.8B	1.84B
Capital Expenditure	-359M	-484M	-307M	-357M	-345M
Cash Acquisitions	-1.06B	-51M	-243M	-	-
Divestitures	-	93M	83M	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	246M	-86M	-28M	-54M	-103M
Other Investing Activities, Total	74M	-	-18M	-27M	-4M
Cash from Investing	-1.1B	-528M	-513M	-438M	-452M
Long-Term Debt Issued, Total	1.19B	-	-	-	1.23B
Total Debt Issued	1.19B	-	-	-	1.23B
Long-Term Debt Repaid, Total	-	-	-750M	-	-1.25B
Total Debt Repaid	-	-	-750M	-	-1.25B
Repurchase of Common Stock	-600M	-1B	-1B	-2B	-1B
Common Dividends Paid	-335M	-330M	-307M	-299M	-281M
Common & Preferred Stock Dividends Paid	-335M	-330M	-307M	-299M	-281M
Other Financing Activities, Total	-110M	461M	0	9M	-42M
Cash from Financing	146M	-870M	-2.06B	-2.29B	-1.34B
Net Change in Cash	1.41B	1.24B	-686M	-928M	47M
Supplemental Items
Cash Interest Paid	355M	390M	383M	345M	398M
Cash Income Tax Paid (Refund)	88M	225M	209M	245M	232M
Levered Free Cash Flow	1.88B	1.82B	1.35B	1.98B	1.06B
Unlevered Free Cash Flow	2.11B	2.07B	1.58B	2.2B	1.31B
Change In Net Working Capital	-475M	-355M	190M	-349M	362M
Net Debt Issued / Repaid	1.19B	-	-750M	-	-18M

Fiscal Period: June	2020	2021	2022	2023	2024
Profitability
Return on Assets	7.56	7.74	7.09	7.75	6.96
Return on Total Capital	8.71	8.91	8.17	8.95	8.02
Return On Equity %	10.33	20.19	10.75	11.28	14.31
Return on Common Equity	9.97	20.27	10.73	11.41	14.23
Margin Analysis
Gross Profit Margin %	36.54	37.74	34.76	35.03	34.99
SG&A Margin	14.15	14	13.86	13.96	14.66
EBITDA Margin %	22.59	23.91	21.02	21.18	20.36
EBITA Margin %	20.78	22.08	18.9	18.92	17.9
EBIT Margin %	20.3	21.42	18.3	18.31	17.47
Income From Continuing Operations Margin %	8.63	17.05	8.82	8.4	11.12
Net Income Margin %	8.12	16.66	8.62	8.31	10.74
Net Avail. For Common Margin %	8.12	16.66	8.62	8.31	10.74
Normalized Net Income Margin	10.24	10.73	9.46	10.19	9.38
Levered Free Cash Flow Margin	15.31	14.11	9.65	13.29	7.59
Unlevered Free Cash Flow Margin	17.19	16.02	11.34	14.75	9.4
Asset Turnover
Asset Turnover	0.6	0.58	0.62	0.68	0.64
Fixed Assets Turnover	7.35	6.13	6.45	6.2	5.32
Receivables Turnover (Average Receivables)	6.38	6.59	6.72	6.93	6.16
Short Term Liquidity
Current Ratio	3.93	2.91	3.61	1.93	2.54
Quick Ratio	3.43	2.64	3.19	1.71	2.26
Operating Cash Flow to Current Liabilities	1.24	0.88	0.82	0.48	0.62
Days Sales Outstanding (Average Receivables)	57.34	55.38	54.29	52.68	59.44
Average Days Payable Outstanding	10.17	10.65	10.63	14.52	17.66
Long Term Solvency
Total Debt/Equity	81.8	74.23	66.75	77	73.73
Total Debt / Total Capital	44.99	42.61	40.03	43.5	42.44
LT Debt/Equity	80.63	66.85	65.82	64.61	67.63
Long-Term Debt / Total Capital	44.35	38.37	39.47	36.5	38.93
Total Liabilities / Total Assets	52.11	50.34	47.88	51.26	49.68
EBIT / Interest Expense	6.77	7	6.78	7.83	6.03
EBITDA / Interest Expense	7.87	8.13	8.13	9.46	7.39
(EBITDA - Capex) / Interest Expense	6.9	6.91	7.32	8.44	6.54
Total Debt / EBITDA	2.93	2.63	2.52	2.48	2.72
Net Debt / EBITDA	1.33	0.8	0.82	1.19	1.28
Total Debt / (EBITDA - Capex)	3.35	3.1	2.8	2.79	3.08
Net Debt / (EBITDA - Capex)	1.52	0.94	0.91	1.34	1.45
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	8.03	4.93	8.25	6.72	-6.26
Gross Profit, 1 Yr. Growth %	10.68	8.36	-0.31	7.56	-6.37
EBITDA, 1 Yr. Growth %	3.66	11.08	-3.92	7.49	-8.1
EBITA, 1 Yr. Growth %	2.94	11.46	-6.38	6.82	-9.34
EBIT, 1 Yr. Growth %	2.71	10.73	-6.54	6.8	-8.57
Earnings From Cont. Operations, 1 Yr. Growth %	-35.36	107.25	-43.98	1.62	24.02
Net Income, 1 Yr. Growth %	-37.37	115.22	-43.95	2.82	21.15
Normalized Net Income, 1 Yr. Growth %	-6.28	9.93	-4.48	14.95	-13.71
Diluted EPS Before Extra, 1 Yr. Growth %	-36.93	122.84	-41.55	10.43	34.33
Accounts Receivable, 1 Yr. Growth %	-4.02	7.47	4.88	2.3	8.59
Net Property, Plant and Equip., 1 Yr. Growth %	55.14	6.87	-0.83	22.97	-2.07
Total Assets, 1 Yr. Growth %	11.49	5.41	-3.23	-1.44	0.48
Tangible Book Value, 1 Yr. Growth %	-21.79	31.96	-5.26	-24.69	10.57
Common Equity, 1 Yr. Growth %	1.48	10.19	1.94	-8.48	3.24
Cash From Operations, 1 Yr. Growth %	-6.3	11.59	-28.61	-4.46	2.22
Capital Expenditures, 1 Yr. Growth %	52.77	34.82	-36.57	16.29	-3.36
Levered Free Cash Flow, 1 Yr. Growth %	44.98	-3.33	-25.21	46.96	-45.42
Unlevered Free Cash Flow, 1 Yr. Growth %