Stock Analysis on Net

Twenty-First Century Fox Inc. (NASDAQ:FOX)

This company has been moved to the archive! The financial data has not been updated since February 6, 2019.

Analysis of Property, Plant and Equipment

Microsoft Excel

Property, Plant and Equipment Disclosure

Twenty-First Century Fox Inc., balance sheet: property, plant and equipment

US$ in millions

Microsoft Excel
Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014 Jun 30, 2013
Land 148 140 140 142 142 142
Buildings and leaseholds 1,553 1,430 1,326 1,317 1,373 1,307
Machinery and equipment 2,958 2,808 2,653 2,620 6,571 5,726
Construction in progress 228 116 173 109 145 134
Property, plant and equipment, gross 4,887 4,494 4,292 4,188 8,231 7,309
Accumulated depreciation and amortization (2,931) (2,713) (2,600) (2,466) (5,300) (4,480)
Property, plant and equipment, net 1,956 1,781 1,692 1,722 2,931 2,829

Based on: 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30).

Item Description The company
Property, plant and equipment, gross Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Twenty-First Century Fox Inc. property, plant and equipment, gross increased from 2016 to 2017 and from 2017 to 2018.
Property, plant and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Twenty-First Century Fox Inc. property, plant and equipment, net increased from 2016 to 2017 and from 2017 to 2018.

Asset Age Ratios (Summary)

Twenty-First Century Fox Inc., asset age ratios

Microsoft Excel
Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014 Jun 30, 2013
Average age ratio 61.85% 62.31% 62.62% 60.95% 65.52% 62.51%
Estimated total useful life (years) 14 15 15 9 11 12
Estimated age, time elapsed since purchase (years) 9 9 9 6 7 7
Estimated remaining life (years) 5 5 5 4 4 4

Based on: 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30).

Asset age ratio Description The company
Average age ratio As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. Twenty-First Century Fox Inc. average age ratio of depreciable property, plant and equipment improved from 2016 to 2017 and from 2017 to 2018.
Estimated total useful life Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors. Twenty-First Century Fox Inc. estimated total useful life of depreciable property, plant and equipment decreased from 2016 to 2017 and from 2017 to 2018.
Estimated time elapsed since purchase The approximate age in years of a company fixed assets. Useful for comparison purposes. Twenty-First Century Fox Inc. estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2016 to 2017 and from 2017 to 2018.
Estimated remaining life Twenty-First Century Fox Inc. estimated remaining life of depreciable property, plant and equipment increased from 2016 to 2017 but then decreased significantly from 2017 to 2018.

Average Age

Microsoft Excel
Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014 Jun 30, 2013
Selected Financial Data (US$ in millions)
Accumulated depreciation and amortization 2,931 2,713 2,600 2,466 5,300 4,480
Property, plant and equipment, gross 4,887 4,494 4,292 4,188 8,231 7,309
Land 148 140 140 142 142 142
Asset Age Ratio
Average age1 61.85% 62.31% 62.62% 60.95% 65.52% 62.51%

Based on: 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30).

2018 Calculations

1 Average age = 100 × Accumulated depreciation and amortization ÷ (Property, plant and equipment, gross – Land)
= 100 × 2,931 ÷ (4,887148) = 61.85%

Asset age ratio Description The company
Average age As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. Twenty-First Century Fox Inc. average age ratio of depreciable property, plant and equipment improved from 2016 to 2017 and from 2017 to 2018.

Estimated Total Useful Life

Microsoft Excel
Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014 Jun 30, 2013
Selected Financial Data (US$ in millions)
Property, plant and equipment, gross 4,887 4,494 4,292 4,188 8,231 7,309
Land 148 140 140 142 142 142
Depreciation and amortization related to Property, plant and equipment 337 299 283 433 741 614
Asset Age Ratio (Years)
Estimated total useful life1 14 15 15 9 11 12

Based on: 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30).

2018 Calculations

1 Estimated total useful life = (Property, plant and equipment, gross – Land) ÷ Depreciation and amortization related to Property, plant and equipment
= (4,887148) ÷ 337 = 14

Asset age ratio Description The company
Estimated total useful life Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors. Twenty-First Century Fox Inc. estimated total useful life of depreciable property, plant and equipment decreased from 2016 to 2017 and from 2017 to 2018.

Estimated Age, Time Elapsed since Purchase

Microsoft Excel
Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014 Jun 30, 2013
Selected Financial Data (US$ in millions)
Accumulated depreciation and amortization 2,931 2,713 2,600 2,466 5,300 4,480
Depreciation and amortization related to Property, plant and equipment 337 299 283 433 741 614
Asset Age Ratio (Years)
Time elapsed since purchase1 9 9 9 6 7 7

Based on: 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30).

2018 Calculations

1 Time elapsed since purchase = Accumulated depreciation and amortization ÷ Depreciation and amortization related to Property, plant and equipment
= 2,931 ÷ 337 = 9

Asset age ratio Description The company
Estimated time elapsed since purchase The approximate age in years of a company fixed assets. Useful for comparison purposes. Twenty-First Century Fox Inc. estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2016 to 2017 and from 2017 to 2018.

Estimated Remaining Life

Microsoft Excel
Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014 Jun 30, 2013
Selected Financial Data (US$ in millions)
Property, plant and equipment, net 1,956 1,781 1,692 1,722 2,931 2,829
Land 148 140 140 142 142 142
Depreciation and amortization related to Property, plant and equipment 337 299 283 433 741 614
Asset Age Ratio (Years)
Estimated remaining life1 5 5 5 4 4 4

Based on: 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30).

2018 Calculations

1 Estimated remaining life = (Property, plant and equipment, net – Land) ÷ Depreciation and amortization related to Property, plant and equipment
= (1,956148) ÷ 337 = 5

Asset age ratio Description The company
Estimated remaining life Twenty-First Century Fox Inc. estimated remaining life of depreciable property, plant and equipment increased from 2016 to 2017 but then decreased significantly from 2017 to 2018.