Stock Analysis on Net
Stock Analysis on Net

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

$22.49

This company has been moved to the archive! The financial data has not been updated since February 6, 2019.

Income Statement
Quarterly Data

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.

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Twenty-First Century Fox Inc., consolidated income statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: 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
Revenues
Operating expenses
Gross profit
Selling, general and administrative
Depreciation and amortization
Impairment and restructuring charges
Operating income
Equity earnings (losses) of affiliates
Interest expense, net
Interest income
Other, net
Income from continuing operations before income tax (expense) benefit
Income tax (expense) benefit
Income from continuing operations
Income (loss) from discontinued operations, net of tax
Net income
Net income attributable to noncontrolling interests
Net income attributable to Twenty-First Century Fox, Inc. stockholders

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).

Revenues
The revenue figures exhibit some variability over the observed periods. Beginning at $6,003 million in September 2012, revenues generally increased until December 2013, reaching a peak of $8,163 million. Afterward, there was a slight contraction followed by another rise, with revenues peaking again at $8,499 million in December 2018. Despite occasional quarterly declines, the long-term trend suggests overall growth with periods of consolidation.
Operating Expenses
Operating expenses follow a roughly similar trend to revenues but with notable fluctuations. Expenses increased from roughly $3,515 million in September 2012 to $5,551 million in December 2013, then displayed slight declines aligned with dips in revenues. However, spikes in expenses are notable in some quarters, such as December 2017 and December 2018, indicating potential cost pressures or restructuring efforts during those periods.
Gross Profit
Gross profit remained relatively stable over the periods, fluctuating between approximately $2,400 million and $2,800 million. Despite increases in revenues, gross profit did not display a strong upward trend, suggesting that cost of goods sold or direct costs increased proportionally, thus limiting margin expansion.
Selling, General and Administrative Expenses (SG&A)
SG&A expenses showed a fluctuating pattern, mostly oscillating between $800 million and $1,100 million per quarter. No consistent upward or downward trend was evident, but some quarters revealed substantial increases, especially towards year-ends in some years, possibly due to increased selling activities or administrative costs.
Depreciation and Amortization
Depreciation and amortization expenses slowly increased from around $174 million to roughly $159 million, with some quarters peaking up to $313 million (notably September 2013). Overall, these expenses remained a relatively steady component of overall costs without sharp spikes, indicating stable asset depreciation schedules.
Impairment and Restructuring Charges
The impairment and restructuring charges were generally low or missing in many quarters but showed spikes in mid-2015 (notably -$308 million in June 2015), signaling occasional significant adjustments impacting operating results, likely representing write-downs or restructuring costs.
Operating Income
Operating income varied with a maximum peak around $1,804 million in December 2016 and lows around $982 million in September 2016, reflecting sensitivity to both revenue and expense fluctuations. Despite periodic declines, operating income maintained a generally positive trend, indicating profitability at the operational level.
Equity Earnings (Losses) of Affiliates
Equity earnings of affiliates were erratic, swinging between positive contributions (e.g., $379 million in September 2014) and negative impacts (e.g., -$109 million in December 2018). This volatility suggests varying performance or accounting adjustments related to affiliated entities, potentially impacting reported income unpredictably.
Interest Expense and Income
Net interest expense hovered steadily around -$260 to -$310 million each quarter, with no significant changes over time. Interest income remained low and stable, generally under $20 million, except a notable $86 million in December 2018, which may represent an isolated financial event.
Other, Net
The "Other, net" line showed extreme variability, with values ranging from large positive amounts (e.g., $5,040 million in December 2014, and an extraordinary $10,475 million in December 2018) to sizable negatives in several quarters. These swings significantly influenced pre-tax income, pointing to non-operational or one-time items such as gains/losses from asset sales, legal settlements, or other financial events.
Income from Continuing Operations Before Income Tax
Pre-tax income demonstrated substantial volatility, influenced heavily by "Other, net" items. While some quarters showed strong performance (e.g., $6,489 million in December 2014 and $11,554 million in December 2018), others were more modest, generally ranging between $1,000 and $1,800 million. The underlying operational earnings were amplified by irregular non-operating gains or losses.
Income Tax Expense (Benefit)
Tax expense fluctuated considerably, occasionally showing benefits (e.g., $1,218 million tax benefit in December 2017) that substantially boosted net income. Such swings imply complexities in tax planning, credits, or adjustments reflecting the company's changing income profile and jurisdictions.
Income from Continuing Operations
Income from continuing operations generally trended positively despite variability. The values ranged from around $557 million to $6,300 million, with spikes aligning with unusual gains in non-operating income and tax benefits. The overall trend suggests consistent profitability, tempered by episodic events influencing quarterly results.
Income (Loss) from Discontinued Operations
Discontinued operations were sporadic and generally minor in impact, alternating between gains and losses with no clear trend. This consistency implies limited influence on the company's overall profitability from discontinued segments.
Net Income
Net income largely mirrored income from continuing operations but was additionally impacted by discontinued operations and noncontrolling interests. Significant spikes occurred in December 2014 and December 2017, largely due to favorable non-operating items and tax benefits. Despite quarterly variability and occasional losses (e.g., June 2013), net income showed a general positive trend over the long term.
Net Income Attributable to Noncontrolling Interests
Noncontrolling interest contributions were consistently negative, indicating profits attributable to minority shareholders that reduced net income allocated to stockholders. The amounts ranged modestly but remained steady in scale.
Net Income Attributable to Twenty-First Century Fox Stockholders
This figure followed the overall net income pattern, with growth peaks primarily around year-ends, particularly December 2014 and 2017. Variability reflected the combined effect of operational results, non-operating gains and losses, tax adjustments, and minority interest deductions. The overall upward trajectory signals improving returns to stockholders across the period.