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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.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

Twenty-First Century Fox Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014 Jun 30, 2013
Current borrowings 1.96 0.90 0.88 0.49 1.46 0.27
Accrued expenses 4.53 4.79 5.12 0.00 0.00 0.00
Accounts payable 0.82 0.80 0.56 0.00 0.00 0.00
Other current liabilities 0.68 1.21 0.90 7.87 7.63 8.70
Accounts payable, accrued expenses and other current liabilities 6.03% 6.80% 6.58% 7.87% 7.63% 8.70%
Participations, residuals and royalties payable 3.25 3.27 3.46 3.26 2.82 3.26
Program rights payable 2.54 2.15 2.65 2.00 2.99 2.99
Deferred revenue 1.53 1.14 1.04 0.90 1.26 1.33
Current liabilities 15.31% 14.27% 14.61% 14.51% 16.16% 16.56%
Non-current borrowings 34.31 38.36 39.90 37.55 33.32 32.04
Other liabilities 6.81 7.13 7.60 6.20 6.40 6.41
Deferred income taxes 3.51 5.48 5.97 4.16 4.98 4.48
Non-current liabilities 44.63% 50.97% 53.48% 47.92% 44.70% 42.92%
Total liabilities 59.95% 65.24% 68.09% 62.42% 60.87% 59.48%
Redeemable noncontrolling interests 1.42 1.37 1.14 1.24 0.99 1.02
Class A common stock, $0.01 par value per share 0.02 0.02 0.02 0.02 0.03 0.03
Class B common stock, $0.01 par value per share 0.01 0.02 0.02 0.02 0.01 0.02
Additional paid-in capital 23.43 24.46 25.25 26.83 27.45 31.09
Retained earnings 16.60 10.48 7.39 10.68 4.36 2.85
Accumulated other comprehensive loss -3.72 -3.98 -4.43 -3.14 -0.06 -0.63
Total Twenty-First Century Fox, Inc. stockholders’ equity 36.34% 31.00% 28.25% 34.40% 31.79% 33.37%
Noncontrolling interests 2.29 2.40 2.52 1.93 6.36 6.14
Total equity 38.64% 33.39% 30.77% 36.33% 38.15% 39.50%
Total liabilities and equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

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).

The capital structure of the organization exhibited a cyclical trend between 2013 and 2018, characterized by an increase in leverage peaking in 2016 followed by a return to a composition similar to that of 2013. Total liabilities rose from 59.48% in 2013 to a maximum of 68.09% in 2016, before declining to 59.95% by June 30, 2018.

Debt and Long-Term Obligations
Non-current borrowings represent the most significant portion of the liability profile. This component increased steadily from 32.04% in 2013 to a peak of 39.90% in 2016, reflecting a period of increased long-term debt reliance. Subsequently, non-current borrowings decreased to 34.31% by 2018. This trend is mirrored in the total non-current liabilities, which peaked at 53.48% in 2016 before receding to 44.63% in 2018.
Equity Composition and Evolution
Total equity followed an inverse trajectory to total liabilities, reaching its lowest point of 30.77% in 2016 and recovering to 38.64% in 2018. A notable shift occurred within the equity components: additional paid-in capital showed a consistent downward trend, falling from 31.09% in 2013 to 23.43% in 2018. Conversely, retained earnings grew substantially from 2.85% in 2013 to 16.60% in 2018, indicating a transition toward a greater reliance on internally generated funds rather than contributed capital.
Current Liability Dynamics
Current liabilities remained relatively stable throughout the period, fluctuating within a narrow range between 14.27% and 16.56%. While overall current liabilities were steady, the internal composition shifted. Other current liabilities decreased significantly from 8.70% in 2013 to 0.68% in 2018, while accrued expenses became a more prominent factor, appearing at 5.12% in 2016 and remaining above 4.5% through 2018. Participations, residuals, and royalties payable maintained a consistent presence, hovering between 2.82% and 3.46%.
Other Financial Indicators
Accumulated other comprehensive loss expanded from -0.63% in 2013 to a peak loss of -4.43% in 2016, before stabilizing at -3.72% in 2018. Noncontrolling interests saw a marked reduction from 6.14% in 2013 to 2.29% in 2018, contributing to the overall shift in the equity mix.

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