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.

Cash Flow Statement
Quarterly Data

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.

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Twenty-First Century Fox Inc., consolidated cash flow 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
Net income
(Income) loss from discontinued operations, net of tax
Income from continuing operations
Depreciation and amortization
Amortization of cable distribution investments
Impairment and restructuring charges
Equity-based compensation
Equity (earnings) losses of affiliates
Cash distributions received from affiliates
Other, net
CLT20 contract termination costs
Deferred income taxes
Receivables
Inventories net of program rights payable
Accounts payable and accrued expenses
Other changes, net
Change in operating assets and liabilities, net of acquisitions and dispositions
Adjustments to reconcile income from continuing operations to cash provided by (used in) operating activities
Net cash provided by (used in) operating activities
Property, plant and equipment
Acquisitions, net of cash acquired
Investments in equity affiliates
Proceeds from dispositions, net
Other investing activities, net
Net cash (used in) provided by investing activities
Borrowings
Repayment of borrowings
Repurchase of shares
Dividends paid and distributions
Employee taxes paid for share-based payment arrangements
Purchase of subsidiary shares from noncontrolling interests
Sale of subsidiary shares to noncontrolling interests
Distribution to News Corporation
Other financing activities, net
Net cash provided by (used in) financing activities
Net increase (decrease) in cash and cash equivalents from discontinued operations
Exchange movement on cash balances
Net increase (decrease) in cash and cash equivalents

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).

Net Income and Income from Continuing Operations
Net income displays notable volatility, with significant fluctuations including large negative values in Q2 2013 (-$308 million) and a peak in Q4 2014 ($6,284 million). Income from continuing operations similarly shows variability, with a substantial drop in Q4 2012 ($1,122 million from $2,307 million in Q3 2012) and a peak in Q4 2014 ($6,300 million). Both metrics show recovery phases and generally rising trends toward the end of the period, peaking again in Q4 2018 ($10,907 million net income and $10,924 million income from continuing operations).
Depreciation, Amortization, and Related Charges
Depreciation and amortization steadily increase over the periods, from $174 million in Q3 2012 to $159 million in Q4 2018, reflecting ongoing capital asset usage. Amortization of cable distribution investments remains relatively stable, fluctuating mildly around the low twenties, showing no clear upward or downward trend.
Impairment and Restructuring Charges
Data is sporadic initially but shows a significant spike in Q2 2016 ($277 million) and smaller but notable charges through 2017 and into 2018, indicating periods of restructuring activities affecting earnings.
Equity-Based Compensation
Equity-based compensation is irregularly reported but generally shows an upward trajectory starting from Q4 2012, reaching a peak in Q1 2018 ($100 million), implying increased employee incentive costs or grant activities in later years.
Equity (Earnings) Losses of Affiliates and Cash Distributions
Equity earnings/losses show persistent losses until Q4 2014, with occasional positive results afterward, suggesting fluctuating performance of equity affiliates. Cash distributions from affiliates are variable but generally trend upward, reflecting increased cash inflows from investments in affiliates.
Other, Net
The 'Other, net' line exhibits extreme fluctuations, including a substantial negative value in Q4 2014 (-$5,040 million) and a massive negative spike in Q4 2018 (-$10,475 million), indicating irregular, large non-recurring or extraordinary items impacting net results.
Deferred Income Taxes
Deferred income taxes fluctuate between positive and negative values without a consistent trend, reflecting varying tax timing differences and related impacts on earnings over the period.
Working Capital Items (Receivables, Inventories, Accounts Payable)
Receivables
Receivables exhibit significant volatility with no clear trend, featuring large positive and negative swings likely tied to operational seasonality or collection cycles.
Inventories net of program rights payable
Inventories also fluctuate substantially, shifting between considerable negative and positive changes, indicating variability in stock levels and related payables.
Accounts payable and accrued expenses
Accounts payable and accrued expenses demonstrate large fluctuations, showing several shifts from positive to negative values and vice versa, reflecting changing payment patterns and operational cycles.
Change in Operating Assets and Liabilities
Overall changes in operating assets and liabilities are irregular with sharp movements both up and down, highlighting the working capital's impact on cash flow is variable and subject to operational and timing factors.
Cash Flows from Operating Activities
Net cash provided by operating activities is largely positive but with significant swings. Notable peaks include Q3 2015 ($1,771 million) and Q4 2017 ($2,025 million). There are also notable negative or lower cash flow quarters such as Q1 2016 (-$305 million) and Q4 2017 (-$244 million), indicating operational cash flow volatility over time.
Investing Activities
Investing cash flow fluctuates with large infusions in some periods such as Q4 2014 ($8,258 million) due to proceeds from dispositions and substantial outflows in other periods predominantly due to acquisitions and capital expenditures. Net investing activities are negative in many quarters reflecting continuous investment and acquisition activity.
Financing Activities
Cash flows from financing activities are generally negative, indicating net outflows largely related to share repurchases and dividend payments. Share repurchases are consistently sizable, peaking in Q1 2015 (-$2,054 million), while dividend payments remain steady over the periods with slight variations. Borrowing and repayment activity show sporadic borrowings and repayments with no clear long-term increase or decrease trend.
Cash and Cash Equivalents
Net changes in cash and cash equivalents are highly variable, with significant positive changes such as Q3 2012 ($2,381 million) and Q4 2014 ($5,395 million), contrasted by substantial declines in Q4 2012 (-$4,201 million) and Q4 2017 (-$1,092 million). These swings align with the patterns observed in operating, investing, and financing cash flows and other items such as discontinued operations and exchange rate effects.