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Quarterly Data (Unaudited) (Tables)
 12 Months Ended
Jun. 30, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information

 

 

For the three months ended

 

 

 

September 30,

 

 

December 31,

 

 

March 31,

 

 

June 30,

 

 

 

(in millions, except per share amounts)

 

FISCAL 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

2,541

 

 

$

3,583

 

 

$

2,752

 

 

$

2,513

 

Net income attributable to Fox Corporation stockholders(a)

 

$

604

 

 

$

8

 

 

$

529

 

 

$

454

 

Net income attributable to Fox Corporation stockholders per share - basic and diluted(b)

 

$

0.97

 

 

$

0.01

 

 

$

0.85

 

 

$

0.73

 

Stock prices(c)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Class A - High

 

$

-

 

 

$

-

 

 

$

41.70

 

 

$

39.40

 

Class A - Low

 

$

-

 

 

$

-

 

 

$

36.40

 

 

$

34.01

 

Class B - High

 

$

-

 

 

$

-

 

 

$

41.02

 

 

$

38.74

 

Class B - Low

 

$

-

 

 

$

-

 

 

$

35.67

 

 

$

33.68

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FISCAL 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

2,188

 

 

$

3,108

 

 

$

2,463

 

 

$

2,394

 

Net income attributable to Fox Corporation stockholders(a)

 

$

390

 

 

$

869

 

 

$

457

 

 

$

471

 

Net income attributable to Fox Corporation stockholders per share - basic and diluted(b)

 

$

0.63

 

 

$

1.40

 

 

$

0.74

 

 

$

0.76

 

 

(a)

See Note 5—Inventories, net and Note 20—Additional Financial Information under the heading “Other, net” for details of infrequent items recorded during the fiscal year. In addition, the Company recorded a provisional income tax benefit of $624 million, or $1.01 per basic and diluted share, during the second quarter of fiscal 2018 to reflect the impact of the Tax Act (See Note 2—Summary of Significant Accounting Policies under the heading “U.S. Tax Reform”).

(b)

For all periods presented that ended prior to the date of the Distribution, 621 million shares have been utilized for the calculation of basic and diluted earnings per share as no shares of common stock or equity-based awards of the Company were outstanding prior to that date (See Note 2—Summary of Significant Accounting Policies under the heading “Earnings per share” for additional information).

(c)

The stock prices reflect the reported high and low sales prices for the Class A Common Stock and Class B Common Stock, as reported on NASDAQ under the symbols “FOXA” and “FOX”, respectively, since March 13, 2019, the date that the Company’s Common Stock began "when-issued" trading.