Segment Information (Tables)

12 Months Ended

Jun. 30, 2023

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,
	2023		2022		2021
	(in millions)
Revenues:
Digital Real Estate Services	$	1,539	$	1,741	$	1,393
Subscription Video Services	1,942		2,026		2,072
Dow Jones	2,153		2,004		1,702
Book Publishing	1,979		2,191		1,985
News Media	2,266		2,423		2,205
Other	—		—		1
Total Revenues	$	9,879	$	10,385	$	9,358
Segment EBITDA:
Digital Real Estate Services	$	457	$	574	$	514
Subscription Video Services	347		360		359
Dow Jones	494		433		332
Book Publishing	167		306		303
News Media	156		217		52
Other	(201)		(221)		(287)
Depreciation and amortization	(714)		(688)		(680)
Impairment and restructuring charges	(150)		(109)		(168)
Equity losses of affiliates	(127)		(13)		(65)
Interest expense, net	(100)		(99)		(53)
Other, net	1		52		143
Income before income tax expense	330		812		450
Income tax expense	(143)		(52)		(61)
Net income	$	187	$	760	$	389

Reconciliation of Depreciation and Amortization from Segments to Consolidated


	For the fiscal years ended June 30,
	2023		2022		2021
	(in millions)
Depreciation and amortization:
Digital Real Estate Services	$	123	$	112	$	101
Subscription Video Services	302		321		332
Dow Jones	152		119		119
Book Publishing	49		49		36
News Media	81		79		84
Other	7		8		8
Total Depreciation and amortization	$	714	$	688	$	680


	For the fiscal years ended June 30,
	2023		2022		2021
	(in millions)
Capital expenditures:
Digital Real Estate Services	$	130	$	109	$	78
Subscription Video Services	156		193		142
Dow Jones	91		77		62
Book Publishing	42		37		16
News Media	79		81		84
Other	1		2		8
Total Capital expenditures	$	499	$	499	$	390


	As of June 30,
	2023		2022
	(in millions)
Goodwill and intangible assets, net:
Digital Real Estate Services	$	1,779	$	1,823
Subscription Video Services	1,288		1,394
Dow Jones	3,298		3,346
Book Publishing	958		973
News Media	306		304
Other	—		—
Total Goodwill and intangible assets, net	$	7,629	$	7,840

Reconciliation of Assets from Segments to Consolidated


	As of June 30,
	2023		2022
	(in millions)
Total assets:
Digital Real Estate Services	$	2,942	$	2,989
Subscription Video Services	2,812		3,082
Dow Jones	4,305		4,368
Book Publishing	2,629		2,651
News Media	2,023		2,115
Other(a)	1,783		1,528
Investments	427		488
Total assets	$	16,921	$	17,221

________________________

(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,
	2023		2022		2021
	(in millions)
Revenues:(a)
U.S. and Canada(b)	$	3,967	$	4,097	$	3,550
Europe(c)	1,669		1,808		1,672
Australasia and Other(d)	4,243		4,480		4,136
Total Revenues	$	9,879	$	10,385	$	9,358

________________________

(a)Revenues are attributed to region based on location of customer.

(b)Revenues include approximately $3.8 billion for fiscal 2023, $4.0 billion for fiscal 2022 and $3.5 billion for fiscal 2021 from customers in the U.S.

(c)Revenues include approximately $1.2 billion for fiscal 2023, $1.4 billion for fiscal 2022 and $1.3 billion for fiscal 2021 from customers in the U.K.

(d)Revenues include approximately $3.9 billion for fiscal 2023, $4.2 billion for fiscal 2022 and $3.9 billion for fiscal 2021 from customers in Australia.


	As of June 30,
	2023		2022
	(in millions)
Long-lived assets:(a)
U.S. and Canada	$	1,623	$	1,513
Europe	843		774
Australasia and Other	1,953		2,091
Total long-lived assets	$	4,419	$	4,378

________________________

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