XML 61 R43.htm IDEA: XBRL DOCUMENT v3.5.0.2
Earnings (Loss) Per Share (Tables)
12 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings per Share

The following tables set forth the computation of basic and diluted earnings per share under ASC 260, “Earnings per Share”:

 

     For the fiscal years ended June 30,  
           2016                 2015                 2014        
     (in millions, except per share amounts)  

Income from continuing operations

   $ 235      $ 367      $ 436   

Less: Net income attributable to noncontrolling interests

     (71 )      (69 )      (55 ) 

Less: Redeemable preferred stock dividends(a)

     (2 )      (2 )      (2 ) 
  

 

 

   

 

 

   

 

 

 

Income from continuing operations available to News Corporation stockholders

     162        296        379   

Income (loss) from discontinued operations, net of tax, available to News Corporation stockholders

     15        (445 )      (142 ) 
  

 

 

   

 

 

   

 

 

 

Net income (loss) available to News Corporation stockholders

   $ 177      $ (149 )    $ 237   
  

 

 

   

 

 

   

 

 

 

Weighted-average number of shares of common stock outstanding—basic

     580.6        581.0        579.0   

Dilutive effect of equity awards

     1.9        1.6        0.7   
  

 

 

   

 

 

   

 

 

 

Weighted-average number of shares of common stock outstanding—diluted

     582.5        582.6        579.7   
  

 

 

   

 

 

   

 

 

 

Income from continuing operations available to News Corporation stockholders per share—basic and diluted

   $ 0.28      $ 0.51      $ 0.65   

Income (loss) from discontinued operations available to News Corporation stockholders per share—basic and diluted

   $ 0.02      $ (0.77 )    $ (0.24 ) 
  

 

 

   

 

 

   

 

 

 

Net income (loss) available to News Corporation stockholders per share—basic and diluted

   $ 0.30      $ (0.26 )    $ 0.41   
  

 

 

   

 

 

   

 

 

 

 

(a)

See Note 10—Redeemable Preferred Stock