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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
Quarterly Data

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

Microsoft Excel
Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013 Dec 31, 2012 Sep 30, 2012
Current borrowings 1.35 1.60 1.96 2.85 1.19 1.36 0.90 0.21 0.16 0.93 0.88 0.96 1.01 0.51 0.49 0.44 0.43 1.49 1.46 1.44 1.66 0.26 0.27 0.23 0.44 0.46
Accounts payable, accrued expenses and other current liabilities 4.91 6.20 6.03 7.37 6.98 7.62 6.80 7.56 6.41 7.07 6.58 7.77 6.98 7.35 7.87 7.50 6.89 8.01 7.63 8.02 8.36 8.95 8.70 8.80 8.38 9.41
Participations, residuals and royalties payable 2.77 3.00 3.25 3.12 3.32 3.08 3.27 3.28 3.28 3.23 3.46 3.77 3.70 3.44 3.26 3.27 3.35 3.06 2.82 3.40 3.36 3.12 3.26 2.80 3.03 3.12
Program rights payable 1.72 2.11 2.54 2.19 2.38 2.36 2.15 2.43 2.60 2.77 2.65 3.08 2.28 2.32 2.00 2.43 2.07 2.95 2.99 3.47 3.04 3.04 2.99 2.59 2.65 2.17
Deferred revenue 1.30 1.40 1.53 1.33 1.36 1.29 1.14 1.23 1.26 1.26 1.04 1.21 1.13 0.95 0.90 0.91 1.01 1.23 1.26 1.23 1.37 1.44 1.33 1.72 1.85 1.68
Current liabilities 12.04% 14.31% 15.31% 16.86% 15.24% 15.71% 14.27% 14.71% 13.72% 15.26% 14.61% 16.80% 15.11% 14.57% 14.51% 14.55% 13.75% 16.74% 16.16% 17.57% 17.80% 16.81% 16.56% 16.14% 16.35% 16.83%
Non-current borrowings 27.81 33.72 34.31 34.20 36.25 36.79 38.36 39.04 40.26 39.14 39.90 39.13 40.03 39.10 37.55 36.64 35.90 35.45 33.32 33.02 31.13 32.69 32.04 23.82 25.79 27.12
Other liabilities 5.84 7.17 6.81 7.04 6.95 7.02 7.13 7.55 7.73 7.77 7.60 6.55 6.63 6.44 6.20 6.52 6.45 6.43 6.40 5.61 6.17 5.98 6.41 6.25 6.69 6.19
Deferred income taxes 2.99 3.58 3.51 3.03 3.07 5.38 5.48 5.41 5.51 5.72 5.97 4.90 4.73 4.75 4.16 4.21 3.38 4.68 4.98 4.92 4.89 5.11 4.48 4.30 3.90 3.90
Non-current liabilities 36.64% 44.46% 44.63% 44.27% 46.27% 49.20% 50.97% 52.00% 53.50% 52.64% 53.48% 50.58% 51.39% 50.28% 47.92% 47.36% 45.73% 46.56% 44.70% 43.55% 42.19% 43.79% 42.92% 34.37% 36.39% 37.21%
Total liabilities 48.68% 58.77% 59.95% 61.12% 61.51% 64.91% 65.24% 66.71% 67.21% 67.90% 68.09% 67.39% 66.50% 64.85% 62.42% 61.91% 59.48% 63.30% 60.87% 61.12% 59.99% 60.59% 59.48% 50.51% 52.74% 54.04%
Redeemable noncontrolling interests 0.87 1.01 1.42 1.41 1.35 1.34 1.37 1.22 1.17 1.14 1.14 1.04 1.28 1.28 1.24 1.24 1.04 0.99 0.99 0.97 0.98 0.98 1.02 0.94 1.03 1.09
Class A common stock, $0.01 par value per share 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.02 0.03 0.02 0.03 0.03 0.03 0.03 0.03 0.03 0.02 0.02 0.03
Class B common stock, $0.01 par value per share 0.01 0.01 0.01 0.01 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.01 0.01 0.01 0.02 0.02 0.02 0.01 0.01 0.01
Additional paid-in capital 19.08 22.99 23.43 23.21 23.44 23.73 24.46 24.22 24.84 25.16 25.25 25.39 26.14 26.66 26.83 26.50 26.78 27.18 27.45 27.49 28.87 29.29 31.09 23.22 25.34 26.84
Retained earnings 32.32 19.26 16.60 15.05 14.43 11.18 10.48 9.71 9.10 7.69 7.39 7.74 8.01 8.71 10.68 11.98 13.61 3.90 4.36 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accumulated other comprehensive loss -2.85 -4.32 -3.72 -3.15 -3.12 -3.61 -3.98 -4.33 -4.84 -4.49 -4.43 -3.79 -4.03 -3.58 -3.14 -3.59 -2.80 -1.38 -0.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Retained earnings and accumulated other comprehensive income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.05 4.20 3.15 2.23 20.64 19.49 17.13
Total Twenty-First Century Fox, Inc. stockholders’ equity 48.58% 37.97% 36.34% 35.15% 34.79% 31.34% 31.00% 29.63% 29.14% 28.39% 28.25% 29.38% 30.16% 31.84% 34.40% 34.94% 37.63% 29.73% 31.79% 31.58% 33.12% 32.48% 33.37% 43.90% 44.87% 44.01%
Noncontrolling interests 1.87 2.25 2.29 2.32 2.35 2.41 2.40 2.44 2.47 2.57 2.52 2.19 2.06 2.03 1.93 1.91 1.85 5.99 6.36 6.33 5.91 5.95 6.14 4.65 1.36 0.86
Total equity 50.44% 40.22% 38.64% 37.47% 37.14% 33.74% 33.39% 32.07% 31.61% 30.96% 30.77% 31.57% 32.22% 33.87% 36.33% 36.85% 39.48% 35.71% 38.15% 37.91% 39.03% 38.43% 39.50% 48.55% 46.23% 44.87%
Total liabilities and equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-K (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-Q (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-K (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-Q (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-K (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-Q (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30).

The capital structure of the organization underwent a significant shift between September 2012 and December 2018, characterized by a period of increasing leverage followed by a substantial deleveraging process. Total liabilities rose from 54.04% to a peak of 68.09% in June 2016 before declining sharply to 48.68% by the end of 2018, indicating a strategic transition toward a more equity-heavy financing model.

Long-Term Debt Trends
Non-current borrowings served as the primary driver of liability growth, increasing from 27.12% in September 2012 to a high of 40.26% in December 2016. This upward trend persisted for several years before reversing after 2017, with non-current borrowings falling to 27.81% by December 31, 2018.
Equity Composition and Growth
Total equity followed an inverse trajectory to liabilities, reaching a low of 30.77% in June 2016 before expanding to 50.44% by the end of the period. This growth was primarily fueled by a dramatic increase in retained earnings, which rose from 4.36% in June 2014 to 32.32% in December 2018, reflecting a strong accumulation of profits.
Paid-in Capital and Other Comprehensive Income
Additional paid-in capital showed a gradual downward trend, moving from 26.84% in 2012 to 19.08% by the end of 2018. Concurrently, accumulated other comprehensive losses remained a persistent factor, fluctuating between -0.06% and -4.84%, which slightly offset the gains in retained earnings.
Short-Term Liability Stability
Current liabilities remained relatively stable over the analysis period, generally fluctuating between 12% and 18% of total liabilities and equity. Accounts payable, accrued expenses, and other current liabilities exhibited a long-term decline from 9.41% in 2012 to 4.91% by December 2018.
Operational Payables
Participations, residuals, and royalties payable remained remarkably consistent, staying within the range of 2.77% to 3.77%. Similarly, program rights payable fluctuated marginally between 1.72% and 3.47%, suggesting that these operational obligations scaled proportionally with the total balance sheet.

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