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Segment Information (Tables)
12 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Reconciliation of Revenue and Segment EBITDA from Segments to Consolidated

Segment EBITDA is the primary measure used by the Company’s chief operating decision maker to evaluate the performance of and allocate resources within the Company’s businesses. Segment EBITDA provides management, investors and equity analysts with a measure to analyze the operating performance of each of the Company’s business segments and its enterprise value against historical data and competitors’ data, although historical results may not be indicative of future results (as operating performance is highly contingent on many factors, including customer tastes and preferences).

 

     For the fiscal years ended
June 30,
 
     2018     2017     2016  
     (in millions)  

Revenues:

      

News and Information Services

   $ 5,119     $ 5,069     $ 5,338  

Book Publishing

     1,758       1,636       1,646  

Digital Real Estate Services

     1,141       938       822  

Subscription Video Services

     1,004       494       484  

Other

     2       2       2  
  

 

 

   

 

 

   

 

 

 

Total Revenues

   $ 9,024     $ 8,139     $ 8,292  
  

 

 

   

 

 

   

 

 

 

Segment EBITDA:

      

News and Information Services

   $ 392     $ 414     $ 214  

Book Publishing

     244       199       185  

Digital Real Estate Services

     401       324       344  

Subscription Video Services

     173       123       124  

Other

     (138     (175     (183

Depreciation and amortization

     (472     (449     (505

Impairment and restructuring charges

     (351     (927     (89

Equity (losses) earnings of affiliates

     (1,006     (295     30  

Interest, net

     (7     39       43  

Other, net

     (325     132       18  
  

 

 

   

 

 

   

 

 

 

(Loss) income from continuing operations before income tax (expense) benefit

     (1,089     (615     181  

Income tax (expense) benefit

     (355     (28     54  
  

 

 

   

 

 

   

 

 

 

Net (loss) income from continuing operations

   $ (1,444   $ (643   $ 235  
  

 

 

   

 

 

   

 

 

 
Reconciliation of Depreciation and Amortization, Capital Expenditures and Goodwill and Intangible Assets from Segments to Consolidated
     For the fiscal years
ended June 30,
 
     2018      2017      2016  
     (in millions)  

Depreciation and amortization:

        

News and Information Services

   $ 223      $ 283      $ 347  

Book Publishing

     52        52        55  

Digital Real Estate Services

     87        78        69  

Subscription Video Services

     107        32        29  

Other

     3        4        5  
  

 

 

    

 

 

    

 

 

 

Total Depreciation and amortization

   $ 472      $ 449      $ 505  
  

 

 

    

 

 

    

 

 

 

 

     For the fiscal years
ended June 30,
 
     2018      2017      2016  
     (in millions)  

Capital expenditures:

        

News and Information Services

   $ 173      $ 165      $ 174  

Book Publishing

     17        11        9  

Digital Real Estate Services

     78        66        64  

Subscription Video Services

     81        14        8  

Other

     15               1  
  

 

 

    

 

 

    

 

 

 

Total Capital expenditures

   $ 364      $ 256      $ 256  
  

 

 

    

 

 

    

 

 

 

 

     As of June 30,  
     2018      2017  
     (in millions)  

Goodwill and intangible assets, net:

     

News and Information Services

   $ 2,730      $ 2,952  

Book Publishing

     804        835  

Digital Real Estate Services

     1,502        1,420  

Subscription Video Services

     2,853        912  

Other

             
  

 

 

    

 

 

 

Total Goodwill and intangible assets, net

   $ 7,889      $ 6,119  
  

 

 

    

 

 

 
Reconciliation of Assets from Segments to Consolidated
     As of June 30,  
     2018      2017  
     (in millions)  

Total assets:

     

News and Information Services

   $ 6,039      $ 6,142  

Book Publishing

     1,898        1,845  

Digital Real Estate Services

     2,171        2,307  

Subscription Video Services

     4,738        1,194  

Other(a)

     1,107        1,037  

Investments

     393        2,027  
  

 

 

    

 

 

 

Total assets

   $ 16,346      $ 14,552  
  

 

 

    

 

 

 

 

(a) 

The Other segment primarily includes Cash and cash equivalents.

Revenue and Long-Lived Assets by Geographic Region

Geographic Segments

 

     For the fiscal years ended
June 30,
 
     2018      2017      2016  
     (in millions)  

Revenues:(a)

        

U.S. and Canada(b)

   $ 3,998      $ 3,880      $ 3,920  

Europe(c)

     1,766        1,671        1,873  

Australasia and Other(d)

     3,260        2,588        2,499  
  

 

 

    

 

 

    

 

 

 

Total Revenues

   $ 9,024      $ 8,139      $ 8,292  
  

 

 

    

 

 

    

 

 

 

 

(a)

Revenues are attributed to region based on location of customer.

(b)

Revenues include approximately $3.9 billion for fiscal 2018, $3.7 billion for fiscal 2017 and $3.8 billion for fiscal 2016 from customers in the U.S.

(c)

Revenues include approximately $1.4 billion for fiscal 2018, $1.3 billion for fiscal 2017 and $1.5 billion for fiscal 2016 from customers in the U.K.

(d)

Revenues include approximately $2.9 billion for fiscal 2018, $2.3 billion for fiscal 2017 and $2.3 billion for fiscal 2016 from customers in Australia.

 

     As of June 30,  
     2018      2017  
     (in millions)  

Long-lived assets:(a)

     

U.S. and Canada

   $ 937      $ 960  

Europe

     682        560  

Australasia and Other

     1,772        546  
  

 

 

    

 

 

 

Total long-lived assets

   $ 3,391      $ 2,066  
  

 

 

    

 

 

 

 

(a) 

Reflects total assets less current assets, goodwill, intangible assets, investments and deferred income tax assets.