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

The financial data reveals notable fluctuations in both revenues and net income over the examined period.

Revenues

There is a general upward trend in revenues from 2005 through 2008, with revenues increasing from approximately $23.9 billion to nearly $33.0 billion. This growth peaks in 2008 before experiencing a decline in 2009 to around $30.4 billion. Subsequently, revenues rebound and show moderate growth or stability fluctuating in the range of $27.3 billion to $33.7 billion between 2010 and 2018. The highest revenue figure during this period is approximately $33.7 billion achieved in 2012, with a subsequent gradual decline and modest recovery to $30.4 billion in 2018.

Net Income (Loss) Attributable to Stockholders

Net income exhibits substantial volatility throughout the period. From 2005 to 2008, net income grows significantly from about $2.1 billion to a peak of $5.4 billion, reflecting strong profitability. However, a sharp reversal occurs in 2009, registering a net loss of approximately $3.4 billion. Following this loss, net income recovers progressively, with some fluctuations, ranging between $1.2 billion and $8.3 billion during 2010-2017. The highest net income attained is roughly $8.3 billion in 2015. Notably, 2013 reports a significant profit of $7.1 billion despite a decrease in revenues relative to the previous years. The period concludes with net income stabilizing between $2.9 billion and $4.5 billion in 2017 and 2018.

Overall, revenue growth was robust in the initial years but less consistent in the latter half of the period, while net income demonstrated significant volatility, including a major loss in 2009 and a pronounced peak in 2015. These patterns suggest that the company's profitability was subject to considerable external or internal factors impacting earnings beyond revenue changes alone.

The analysis of the financial data over the period from June 30, 2005, to June 30, 2018, reveals distinct patterns in current assets and total assets.

Current Assets

Current assets demonstrated an overall upward trend from 2005 through 2018, beginning at $12,779 million and ending at $19,333 million. There was notable growth particularly from 2005 to 2007, where current assets increased from $12,779 million to $15,906 million. Subsequently, fluctuations occurred with some periods of decline, such as from 2011 to 2013, where current assets decreased from $21,784 million to $15,567 million, before rising again through 2018. The pattern suggests variability possibly due to operational cycles, liquidity management, or strategic investments in short-term assets.

Total Assets

Total assets started at $54,692 million in 2005 and exhibited a fluctuating decline overall, ending at $53,831 million in 2018. There was a peak in total assets around 2007 and 2008, reaching approximately $62,343 million and $62,308 million respectively. Thereafter, a downward trajectory is evident, particularly pronounced from 2008 to 2016, dropping to as low as $48,365 million in 2016. A modest recovery is observed thereafter but levels remain below earlier peaks. This decline could reflect divestitures, asset impairments, or a strategic shift in asset composition and scale.

In summary, while current assets generally increased with some volatility, total assets experienced a peak in the mid-period followed by a downward trend and slight recovery near the end. The data suggests active asset management and evolving asset structure over the years analyzed.

The analysis of the annual financial data reveals several notable trends in the company's financial position over the period from June 30, 2005, to June 30, 2018.

Current Liabilities

Current liabilities showed variability throughout the period, increasing from $6,649 million in 2005 to a peak of $10,639 million in 2009. After this peak, the amounts generally decreased with some fluctuations, reaching a low of $7,068 million in 2016, followed by a modest rise to $8,244 million by 2018. This pattern indicates periods of increased short-term obligations around 2008-2009, followed by relative stabilization and modest increases in recent years.

Total Borrowings

Total borrowings exhibited a consistent upward trend over the entire timeframe, increasing from $10,999 million in 2005 to nearly $19,523 million in 2018. There were steady year-over-year increases with occasional smaller increments, particularly notable between 2012 and 2014, where borrowings grew from approximately $15,455 million to $19,058 million. This suggests an ongoing strategy of increased leverage or financing, possibly to support operational growth or acquisitions.

Stockholders’ Equity

Stockholders' equity presented a mixed and generally declining trend. Starting at $29,377 million in 2005, equity reached a high of $32,922 million in 2007, followed by a significant decline to $16,998 million in 2013. After 2013, equity values remained relatively stable but lower compared to earlier years, fluctuating between roughly $13,661 million and $19,564 million through 2018. This decline and stabilization at lower levels might reflect factors such as asset write-downs, dividend distributions, share repurchases, or retained losses.

The financial data reveals several notable trends in cash flow activities over the analyzed period.

Net Cash Provided by Operating Activities

This item shows a generally positive cash flow from operations throughout the years, with values mostly above 3000 million US dollars. The trend exhibits some volatility, with a peak in 2011 at 4471 million and a trough in 2009 at 2248 million. After a decline post-2011, the cash flow from operating activities generally stabilizes, trending upward again towards 2018, reaching 4227 million. This indicates relatively strong and consistent operational cash generation capacity, despite some fluctuations.

Net Cash (Used In) Provided by Investing Activities

The investing cash flows reflect considerable variability, swinging between negative and positive values across the years. The earliest years (2006-2008) show substantial cash outflows, with the largest in 2008 at -6347 million. Thereafter, cash flows from investing activities oscillate, with notable positive spikes in 2015 at 6736 million. The fluctuations suggest inconsistent investment activity, including divestitures or asset sales in some years offsetting investments in others.

Net Cash Provided by (Used In) Financing Activities

Financing cash flows predominantly show negative values, indicating net cash outflows related to financing in most years. There are exceptions, such as positive cash flow in 2009 and 2011, suggesting occasional inflows from financing sources. The most significant negative cash flow occurred in 2015 with -7102 million. Overall, the financing cash flows suggest an emphasis on debt repayments, dividends, share buybacks, or other cash outflows related to financing obligations, with intermittent inflows.

In summary, the company maintains strong operational cash generation with variability in investing and financing activities. The investing activities display inconsistency, alternating between significant investment outflows and inflows from asset sales, while financing activities mostly indicate net cash outflows, reflecting ongoing capital management and funding strategies. These patterns suggest a focus on sustaining operations and managing capital structure amid fluctuating investment demands.

The financial data exhibits notable fluctuations and trends in earnings and dividend distributions over the observed years.

Basic Earnings per Share (EPS)

The basic EPS demonstrates a generally upward trajectory from 2005 through 2008, increasing from 0.74 US dollars to a peak of 1.82 US dollars. However, a significant downturn occurred in 2009, with a negative EPS of -1.29 US dollars, indicating a loss during that fiscal year. Post-2009, the EPS recovers modestly, fluctuating between 0.47 and 3.91 US dollars. The highest value recorded is 3.91 US dollars in 2015, followed by some variability around 1.4 to 2.4 US dollars in later years, suggesting inconsistent profit levels after the recovery.

Diluted Earnings per Share

The diluted EPS closely mirrors the trajectory and values of basic EPS throughout the period, confirming consistency in reported earnings across different share-count assumptions. Minor differences exist but are negligible, with both metrics showing the same peak and trough years and values.

Dividend per Share

Dividends per share show a gradual increase over the time span. Starting at 0.10 US dollars in 2005, dividends generally increased with small increments, reaching 0.36 US dollars by 2017 and maintained at this level into 2018. Despite fluctuations in earnings, the company maintained a steady upward trend in dividend payments, indicative of an emphasis on returning value to shareholders or confidence in long-term profitability.