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Consolidated Statements of Earnings Statement - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2016
Revenues      
Advertising $ 1,116.6 $ 934.1 $ 914.2
Circulation 489.3 322.0 328.6
All other 641.5 457.2 406.8
Total revenues 2,247.4 1,713.3 1,649.6
Operating expenses      
Production, distribution, and editorial 860.6 603.0 611.3
Selling, general, and administrative 962.7 730.9 723.5
Acquisition, disposition, and restructuring related activities 173.4 10.3 (36.4)
Depreciation and amortization 129.0 53.8 59.1
Impairment of goodwill and other long-lived assets 22.7 6.2 161.5
Total operating expenses 2,148.4 1,404.2 1,519.0
Income from operations 99.0 309.1 130.6
Non-operating expenses, net (11.7) 0.0 0.0
Interest expense, net (96.9) (18.8) (20.4)
Earnings (loss) from continuing operations before income taxes (9.6) 290.3 110.2
Income tax benefit (expense) 123.6 (101.4) (76.3)
Earnings from continuing operations 114.0 188.9 33.9
Loss from discontinued operations, net of income taxes (14.6) 0.0 0.0
Net earnings 99.4 188.9 33.9
Earnings attributable to common shareholders $ 66.4 $ 188.9 $ 33.9
Basic earnings per share attributable to common shareholders      
Continuing operations (in dollars per share) $ 1.80 $ 4.23 $ 0.76
Discontinued operations (in dollars per share) (0.32) 0.00 0.00
Basic earnings per common share (in dollars per share) $ 1.48 $ 4.23 $ 0.76
Basic average common shares outstanding (in shares) 44.9 44.6 44.6
Diluted earnings per share attributable to common shareholders      
Continuing operations (in dollars per share) $ 1.79 $ 4.16 $ 0.75
Discontinued operations (in dollars per share) (0.32) 0.00 0.00
Diluted earnings per common share (in dollars per share) $ 1.47 $ 4.16 $ 0.75
Diluted average shares outstanding (in shares) 45.2 45.4 45.4
Dividends paid per share (in dollars per share) $ 2.13 $ 2.030 $ 1.905