Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Twenty-First Century Fox Inc., consolidated cash flow 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
Net income	4,762)	3,226)	3,016)	8,537)	4,646)	7,323)
(Income) loss from discontinued operations, net of tax	12)	44)	8)	67)	(729)	(277)
Income from continuing operations	4,774)	3,270)	3,024)	8,604)	3,917)	7,046)
Depreciation and amortization	584)	553)	530)	736)	1,142)	797)
Amortization of cable distribution investments	69)	65)	75)	80)	85)	89)
Impairment and restructuring charges	72)	315)	323)	502)	—)	—)
Equity-based compensation	204)	126)	196)	83)	129)	192)
Equity (earnings) losses of affiliates	138)	41)	34)	(904)	(622)	(655)
Cash distributions received from affiliates	235)	186)	351)	352)	358)	324)
Other, net	550)	327)	335)	(4,698)	(174)	(3,712)
CLT20 contract termination costs	—)	—)	(420)	—)	—)	—)
Deferred income taxes and other taxes	(903)	89)	466)	171)	(39)	480)
Receivables	(801)	(401)	(323)	(61)	(846)	(127)
Inventories net of program rights payable	(422)	(991)	(721)	(789)	(905)	(1,154)
Accounts payable and accrued expenses	401)	152)	(45)	279)	(81)	(278)
Other changes, net	(674)	53)	(777)	(738)	—)	—)
Change in operating assets and liabilities, net of acquisitions and dispositions	(1,496)	(1,187)	(1,866)	(1,309)	(1,832)	(1,559)
Adjustments to reconcile income from continuing operations to cash provided by operating activities	(547)	515)	24)	(4,987)	(953)	(4,044)
Net cash provided by operating activities	4,227)	3,785)	3,048)	3,617)	2,964)	3,002)
Property, plant and equipment	(551)	(377)	(263)	(424)	(678)	(622)
Acquisitions, net of cash acquired	(7)	(75)	(916)	(142)	(692)	(606)
Investments in equity affiliates	(444)	(128)	(182)	(1,249)	(19)	(502)
Proceeds from dispositions, net	365)	—)	—)	8,627)	518)	1,968)
Other investing activities, net	(540)	(172)	(277)	(76)	(64)	(152)
Net cash (used in) provided by investing activities	(1,177)	(752)	(1,638)	6,736)	(935)	86)
Borrowings	1,469)	918)	1,360)	3,161)	1,155)	1,277)
Repayment of borrowings	(1,872)	(573)	(687)	(2,845)	(296)	(754)
Repurchase of shares	—)	(619)	(4,904)	(5,939)	(3,772)	(2,026)
Dividends paid and distributions	(993)	(943)	(821)	(878)	(792)	(613)
Purchase of subsidiary shares from noncontrolling interests	—)	(1)	(290)	(652)	(127)	(163)
Sale of subsidiary shares to noncontrolling interests	—)	—)	—)	—)	—)	93)
Distribution to News Corporation	—)	—)	—)	—)	(10)	(2,588)
Other financing activities, net	(68)	(63)	12)	51)	66)	203)
Net cash used in financing activities	(1,464)	(1,281)	(5,330)	(7,102)	(3,776)	(4,571)
Net increase (decrease) in cash and cash equivalents from discontinued operations	(61)	(28)	(20)	(49)	571)	(1,431)
Exchange movement on cash balances	(66)	15)	(64)	(189)	(68)	(53)
Net increase (decrease) in cash and cash equivalents	1,459)	1,739)	(4,004)	3,013)	(1,244)	(2,967)
Cash and cash equivalents, beginning of year	6,163)	4,424)	8,428)	5,415)	6,659)	9,626)
Cash and cash equivalents, end of year	7,622)	6,163)	4,424)	8,428)	5,415)	6,659)

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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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Twenty-First Century Fox Inc. net cash provided by operating activities increased from 2016 to 2017 and from 2017 to 2018.
Net cash (used in) provided by investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Twenty-First Century Fox Inc. net cash (used in) provided by investing activities increased from 2016 to 2017 but then slightly decreased from 2017 to 2018.
Net cash used in financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Twenty-First Century Fox Inc. net cash used in financing activities increased from 2016 to 2017 but then slightly decreased from 2017 to 2018.

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

Cash Flow Statement