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Segment Information (Tables)
12 Months Ended
Jun. 30, 2021
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 fiscal 2021, 2020 and 2019:

 

 

 

For the years ended June 30,

 

 

 

2021

 

 

2020

 

 

2019

 

 

 

(in millions)

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

Cable Network Programming

 

$

5,683

 

 

$

5,492

 

 

$

5,381

 

Television

 

 

7,048

 

 

 

6,661

 

 

 

5,979

 

Other, Corporate and Eliminations

 

 

178

 

 

 

150

 

 

 

29

 

Total revenues

 

$

12,909

 

 

$

12,303

 

 

$

11,389

 

Segment EBITDA

 

 

 

 

 

 

 

 

 

 

 

 

Cable Network Programming

 

$

2,876

 

 

$

2,706

 

 

$

2,495

 

Television

 

 

555

 

 

 

430

 

 

 

470

 

Other, Corporate and Eliminations

 

 

(344

)

 

 

(357

)

 

 

(284

)

Amortization of cable distribution investments

 

 

(22

)

 

 

(24

)

 

 

(38

)

Depreciation and amortization

 

 

(300

)

 

 

(258

)

 

 

(212

)

Impairment and restructuring charges

 

 

(35

)

 

 

(451

)

 

 

(26

)

Interest expense

 

 

(395

)

 

 

(369

)

 

 

(203

)

Interest income

 

 

4

 

 

 

35

 

 

 

41

 

Other, net

 

 

579

 

 

 

(248

)

 

 

(19

)

Income before income tax expense

 

 

2,918

 

 

 

1,464

 

 

 

2,224

 

Income tax expense

 

 

(717

)

 

 

(402

)

 

 

(581

)

Net income

 

 

2,201

 

 

 

1,062

 

 

 

1,643

 

Less: Net income attributable to noncontrolling interests

 

 

(51

)

 

 

(63

)

 

 

(48

)

Net income attributable to Fox Corporation stockholders

 

$

2,150

 

 

$

999

 

 

$

1,595

 

 

Summary of Revenues by Segment by Component to Consolidated

Revenues by Segment by Component

 

 

 

For the years ended June 30,

 

 

 

2021

 

 

2020

 

 

2019

 

 

 

(in millions)

 

Cable Network Programming

 

 

 

 

 

 

 

 

 

 

 

 

Affiliate fee

 

$

3,995

 

 

$

3,870

 

 

$

3,804

 

Advertising

 

 

1,337

 

 

 

1,164

 

 

 

1,184

 

Other

 

 

351

 

 

 

458

 

 

 

393

 

Total Cable Network Programming revenues

 

 

5,683

 

 

 

5,492

 

 

 

5,381

 

Television

 

 

 

 

 

 

 

 

 

 

 

 

Advertising

 

 

4,094

 

 

 

4,169

 

 

 

3,872

 

Affiliate fee

 

 

2,440

 

 

 

2,038

 

 

 

1,708

 

Other

 

 

514

 

 

 

454

 

 

 

399

 

Total Television revenues

 

 

7,048

 

 

 

6,661

 

 

 

5,979

 

Other, Corporate and Eliminations

 

 

178

 

 

 

150

 

 

 

29

 

Total revenues

 

$

12,909

 

 

$

12,303

 

 

$

11,389

 

 

Reconciliation of Depreciation and Amortization from Segments to Consolidated and Reconciliation of Capital Expenditures from Segments to Consolidated

 

 

For the years ended June 30,

 

 

 

2021

 

 

2020

 

 

2019

 

 

 

(in millions)

 

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

 

Cable Network Programming

 

$

55

 

 

$

59

 

 

$

48

 

Television

 

 

104

 

 

 

73

 

 

 

96

 

Other, Corporate and Eliminations

 

 

141

 

 

 

126

 

 

 

68

 

Total depreciation and amortization

 

$

300

 

 

$

258

 

 

$

212

 

 

 

 

For the years ended June 30,

 

 

 

2021

 

 

2020

 

 

2019

 

 

 

(in millions)

 

Capital expenditures

 

 

 

 

 

 

 

 

 

 

 

 

Cable Network Programming

 

$

53

 

 

$

43

 

 

$

83

 

Television

 

 

100

 

 

 

72

 

 

 

71

 

Other, Corporate and Eliminations

 

 

331

 

 

 

244

 

 

 

81

 

Total capital expenditures

 

$

484

 

 

$

359

 

 

$

235

 

 

Reconciliation of Assets from Segments to Consolidated

 

 

As of June 30,

 

 

 

2021

 

 

2020

 

 

 

(in millions)

 

Assets

 

 

 

 

 

 

 

 

Cable Network Programming

 

$

2,577

 

 

$

2,591

 

Television

 

 

7,305

 

 

 

7,054

 

Other, Corporate and Eliminations

 

 

12,145

 

 

 

11,487

 

Investments

 

 

899

 

 

 

618

 

Total assets

 

$

22,926

 

 

$

21,750

 

 

Reconciliation of Goodwill and Intangible Assets, Net from Segments to Consolidated

 

 

As of June 30,

 

 

 

2021

 

 

2020

 

 

 

(in millions)

 

Goodwill and intangible assets, net

 

 

 

 

 

 

 

 

Cable Network Programming

 

$

1,324

 

 

$

1,287

 

Television

 

 

4,582

 

 

 

4,630

 

Other, Corporate and Eliminations

 

 

683

 

 

 

690

 

Total goodwill and intangible assets, net

 

$

6,589

 

 

$

6,607