Name: Twenty-First Century Fox Inc. (NASDAQ:FOX) | Statement of Comprehensive Income
Creator: Stock Analysis on Net

Statement of Comprehensive Income

Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.

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Twenty-First Century Fox Inc., consolidated statement of comprehensive income

US$ in millions

12 months ended:	Jun 30, 2018	Jun 30, 2017	Jun 30, 2016	Jun 30, 2015	Jun 30, 2014	Jun 30, 2013
Net Income	4,762)	3,226)	3,016)	8,537)	4,646)	7,323)
Foreign currency translation adjustments	(160)	62)	(147)	(1,453)	452)	(874)
Cash flow hedges	(1)	28)	(12)	(5)	(7)	—)
Unrealized holding gains (losses) on securities	132)	—)	(4)	(18)	(129)	(45)
Benefit plan adjustments	100)	102)	(98)	120)	(107)	303)
Equity method investments	(51)	(60)	(321)	(394)	198)	—)
Other comprehensive income (loss), net of tax	20)	132)	(582)	(1,750)	407)	(616)
Comprehensive income	4,782)	3,358)	2,434)	6,787)	5,053)	6,707)
Comprehensive income attributable to noncontrolling interests	(301)	(280)	(253)	(17)	(254)	(241)
Comprehensive income attributable to Twenty-First Century Fox, Inc. stockholders	4,481)	3,078)	2,181)	6,770)	4,799)	6,466)

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 financial performance between 2013 and 2018 is characterized by significant volatility in both net income and comprehensive income. Net income peaked in 2015 at 8,537 million US$ before experiencing a sharp decline to 3,016 million US$ in 2016, followed by a steady recovery to 4,762 million US$ by 2018.

Net Income Trends: Profitability exhibited non-linear movement, with notable contractions in 2014 and 2016. The most significant volatility occurred between 2015 and 2016, where net income decreased by approximately 64.7% within a single fiscal year.
Other Comprehensive Income (OCI) Drivers: Other comprehensive income was predominantly influenced by foreign currency translation adjustments, which showed extreme variance, ranging from a gain of 452 million US$ in 2014 to a loss of 1,453 million US$ in 2015. This suggests a high sensitivity to global exchange rate fluctuations over the analyzed period.
Comprehensive Income Attributable to Stockholders: The comprehensive income available to stockholders mirrored the volatility of net income, peaking in 2015 at 6,770 million US$ and reaching a low of 2,181 million US$ in 2016. The subsequent two years showed a consistent upward trajectory, concluding at 4,481 million US$ in 2018.
Noncontrolling Interests Impact: Comprehensive income attributable to noncontrolling interests remained consistently negative throughout the period, typically ranging between -17 million US$ and -301 million US$, which functioned as a consistent reduction to the overall comprehensive income.
Ancillary Adjustments: Benefit plan adjustments and equity method investments provided marginal contributions to the overall financial position. Benefit plan adjustments fluctuated between gains and losses, while equity method investments showed a trend of modest losses from 2015 through 2018.

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