Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Twenty-First Century Fox Inc., consolidated income statement

US$ in millions

12 months ended:	Jun 30, 2018	Jun 30, 2017	Jun 30, 2016	Jun 30, 2015	Jun 30, 2014	Jun 30, 2013
Revenues	30,400)	28,500)	27,326)	28,987)	31,867)	27,675)
Operating expenses	(19,769)	(17,775)	(17,129)	(18,561)	(21,108)	(17,496)
Gross profit	10,631)	10,725)	10,197)	10,426)	10,759)	10,179)
Selling, general and administrative	(3,668)	(3,617)	(3,675)	(3,784)	(4,129)	(4,007)
Depreciation and amortization	(584)	(553)	(530)	(736)	(1,142)	(797)
Impairment and restructuring charges	(72)	(315)	(323)	—)	—)	—)
Operating income	6,307)	6,240)	5,669)	5,906)	5,488)	5,375)
Equity earnings (losses) of affiliates	(138)	(41)	(34)	904)	622)	655)
Interest expense, net	(1,248)	(1,219)	(1,184)	(1,198)	(1,121)	(1,063)
Interest income	39)	36)	38)	39)	26)	57)
Other, net	(550)	(327)	(335)	4,196)	174)	3,712)
Income from continuing operations before income tax (expense) benefit	4,410)	4,689)	4,154)	9,847)	5,189)	8,736)
Income tax (expense) benefit	364)	(1,419)	(1,130)	(1,243)	(1,272)	(1,690)
Income from continuing operations	4,774)	3,270)	3,024)	8,604)	3,917)	7,046)
Income (loss) from discontinued operations, net of tax	(12)	(44)	(8)	(67)	729)	277)
Net income	4,762)	3,226)	3,016)	8,537)	4,646)	7,323)
Net income attributable to noncontrolling interests	(298)	(274)	(261)	(231)	(132)	(226)
Net income attributable to Twenty-First Century Fox, Inc. stockholders	4,464)	2,952)	2,755)	8,306)	4,514)	7,097)

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).

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Income statement item	Description	The company
Revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Twenty-First Century Fox Inc. revenues increased from 2016 to 2017 and from 2017 to 2018.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Twenty-First Century Fox Inc. operating income increased from 2016 to 2017 and from 2017 to 2018.
Income from continuing operations before income tax (expense) benefit	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Twenty-First Century Fox Inc. income from continuing operations before income tax (expense) benefit increased from 2016 to 2017 but then slightly decreased from 2017 to 2018 not reaching 2016 level.
Net income attributable to Twenty-First Century Fox, Inc. stockholders	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Twenty-First Century Fox Inc. net income attributable to Twenty-First Century Fox, Inc. stockholders increased from 2016 to 2017 and from 2017 to 2018.

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

Income Statement