Stock Analysis on Net
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.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 

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

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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).

Current borrowings
Current borrowings as a percentage of total liabilities and equity fluctuated over the period, starting at 0.27% in 2013, reaching a peak of 1.96% in 2018. There was a notable increase from 2017 to 2018, indicating a rise in short-term debt relative to total liabilities and equity.
Accrued expenses
Accrued expenses data is only available from 2016 onward, where it shows a slight decreasing trend from 5.12% in 2016 to 4.53% in 2018, suggesting a reduction in obligations recorded but not yet paid.
Accounts payable
Accounts payable increased gradually from 0.56% in 2016 to 0.82% in 2018. This indicates a modest rise in the company's short-term obligations to suppliers.
Other current liabilities
Other current liabilities experienced a sharp decline from 8.7% in 2013 to 0.68% in 2018, with a significant drop between 2015 and 2016. This reflects a substantial reduction in miscellaneous short-term obligations.
Accounts payable, accrued expenses and other current liabilities (combined)
Combined current liabilities other than borrowings declined from 8.7% in 2013 to 6.03% in 2018 after reaching a peak in 2015. The trend indicates a general decrease in these operational liabilities over time.
Participations, residuals and royalties payable
These payables remained relatively stable, fluctuating narrowly around 3.25% to 3.46% of total liabilities and equity across the period, showing consistent obligations in this category.
Program rights payable
Program rights payable showed some variability, starting at 2.99% in 2013, dipping to 2% in 2015, and then rising slightly to 2.54% in 2018. The fluctuations suggest periodic changes in content-related liabilities.
Deferred revenue
Deferred revenue remained relatively stable, with a slight increase from 0.9% in 2015 to 1.53% in 2018, indicating growing advance payments or obligations to deliver goods or services in the future.
Current liabilities (total)
The total current liabilities as a percentage of total liabilities and equity showed a slight overall decrease from 16.56% in 2013 to 15.31% in 2018, with some fluctuations in between, reflecting a relatively stable short-term liability position.
Non-current borrowings
Non-current borrowings increased from 32.04% in 2013 to a peak of 39.9% in 2016, then decreased to 34.31% by 2018. This indicates considerable reliance on long-term debt, with an overall upward trend until mid-period followed by a moderate reduction.
Other liabilities
Other liabilities remained fairly constant, fluctuating between 6.2% and 7.6%, with the highest value in 2016. This category showed stable medium-term or long-term obligations.
Deferred income taxes
Deferred income taxes exhibited variability, climbing from 4.16% in 2015 to 5.97% in 2016, then declining sharply to 3.51% in 2018. This indicates significant changes in tax liabilities or timing differences over the years.
Non-current liabilities (total)
Non-current liabilities increased steadily from 42.92% in 2013 to a peak of 53.48% in 2016 before declining to 44.63% in 2018. This trend suggests growing long-term obligations initially, followed by a notable reduction.
Total liabilities
Total liabilities as a percentage of total liabilities and equity rose from 59.48% in 2013 to a peak of 68.09% in 2016, then decreased to 59.95% in 2018. This pattern indicates increasing leverage up to 2016, with partial deleveraging thereafter.
Redeemable noncontrolling interests
This item remained relatively stable, fluctuating between 0.99% and 1.42% over the years, reflecting minor variations in the interests held by noncontrolling shareholders.
Common stock
Class A and Class B common stock percentages stayed steady and very low around 0.01-0.03%, indicating nominal par value shares relative to total liabilities and equity.
Additional paid-in capital
Additional paid-in capital percentage consistently declined from 31.09% in 2013 to 23.43% in 2018, showing a steady reduction in this equity component relative to total capital.
Retained earnings
Retained earnings increased significantly from 2.85% in 2013 to 16.6% in 2018, with some fluctuations. This reflects accumulated profits being retained in the company, contributing increasingly to equity.
Accumulated other comprehensive loss
This loss deepened from near zero in 2014 (-0.06%) to around -3.72% in 2018, indicating growing negative comprehensive income components affecting equity.
Total stockholders’ equity (Twenty-First Century Fox, Inc.)
Equity attributable to the parent company varied, declining from 33.37% in 2013 to a low of 28.25% in 2016, before rising again to 36.34% in 2018. The pattern suggests some equity erosion followed by recovery.
Noncontrolling interests
Noncontrolling interests decreased markedly from 6.14% in 2013 to 2.29% in 2018, indicating reduced minority ownership interests in consolidated subsidiaries.
Total equity
Total equity declined from 39.5% in 2013 to 30.77% in 2016, followed by a rise to 38.64% in 2018. This overall trend mirrors the movements in parent equity and noncontrolling interests, showing an initial decrease in equity proportion that was later reversed.
Total liabilities and equity
The sum of liabilities and equity remained constant at 100% throughout the period, serving as a baseline for percentage calculations.