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Segment Information (Tables)
3 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Reconciliation of Revenues and Segment EBITDA from Segments to Consolidated

The following tables set forth the Company’s Revenues and Segment EBITDA for the three months ended September 30, 2019 and 2018:

 

 

For the three months ended September 30,

 

 

 

2019

 

 

2018

 

 

 

(in millions)

 

Revenues

 

 

 

 

 

 

 

 

Cable Network Programming

 

$

1,285

 

 

$

1,265

 

Television

 

 

1,356

 

 

 

1,277

 

Other, Corporate and Eliminations

 

 

26

 

 

 

(1

)

 

 

 

 

 

 

 

 

 

Total revenues

 

$

2,667

 

 

$

2,541

 

Segment EBITDA

 

 

 

 

 

 

 

 

Cable Network Programming

 

$

684

 

 

$

633

 

Television

 

 

251

 

 

 

171

 

Other, Corporate and Eliminations

 

 

(79

)

 

 

(43

)

Amortization of cable distribution investments

 

 

(9

)

 

 

(10

)

Depreciation and amortization

 

 

(50

)

 

 

(43

)

Impairment and restructuring charges

 

 

(9

)

 

 

-

 

Interest expense

 

 

(90

)

 

 

(16

)

Interest income

 

 

17

 

 

 

-

 

Other, net

 

 

(15

)

 

 

139

 

 

 

 

 

 

 

 

 

 

Income before income tax expense

 

 

700

 

 

 

831

 

Income tax expense

 

 

(187

)

 

 

(216

)

 

 

 

 

 

 

 

 

 

Net income

 

 

513

 

 

 

615

 

Less: Net income attributable to noncontrolling interests

 

 

(14

)

 

 

(11

)

 

 

 

 

 

 

 

 

 

Net income attributable to Fox Corporation stockholders

 

$

499

 

 

$

604

 

Summary of Revenues by Segment by Component to Consolidated

Revenues by Segment by Component

 

 

For the three months ended September 30,

 

 

 

2019

 

 

2018

 

 

 

(in millions)

 

Cable Network Programming

 

 

 

 

 

 

 

 

Affiliate fee

 

$

939

 

 

$

939

 

Advertising

 

 

254

 

 

 

264

 

Other

 

 

92

 

 

 

62

 

 

 

 

 

 

 

 

 

 

Total Cable Network Programming revenues

 

 

1,285

 

 

 

1,265

 

Television

 

 

 

 

 

 

 

 

Advertising

 

 

787

 

 

 

799

 

Affiliate fee

 

 

455

 

 

 

398

 

Other

 

 

114

 

 

 

80

 

 

 

 

 

 

 

 

 

 

Total Television revenues

 

 

1,356

 

 

 

1,277

 

Other, Corporate and Eliminations

 

 

26

 

 

 

(1

)

 

 

 

 

 

 

 

 

 

Total revenues

 

$

2,667

 

 

$

2,541

 

Reconciliation of Depreciation and Amortization from Segments to Consolidated

 

 

For the three months ended September 30,

 

 

 

2019

 

 

2018

 

 

 

(in millions)

 

Depreciation and amortization

 

 

 

 

 

 

 

 

Cable Network Programming

 

$

13

 

 

$

11

 

Television

 

 

15

 

 

 

26

 

Other, Corporate and Eliminations

 

 

22

 

 

 

6

 

 

 

 

 

 

 

 

 

 

Total depreciation and amortization

 

$

50

 

 

$

43

 

 

Reconciliation of Assets from Segments to Consolidated

 

 

As of

September 30,

2019

 

 

As of

June 30,

2019

 

 

 

(in millions)

 

Assets

 

 

 

 

 

 

 

 

Cable Network Programming

 

$

2,642

 

 

$

2,584

 

Television

 

 

7,086

 

 

 

6,598

 

Other, Corporate and Eliminations

 

 

9,901

 

 

 

9,462

 

Investments

 

 

905

 

 

 

865

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

20,534

 

 

$

19,509