Twenty-First Century Fox 2005 Annual Report Download - page 40

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NEWS CORPORATION
(3) Fiscal 2002 results include the Company’s $6.1 billion write-down of Gemstar-TV Guide and the $958 million Other operating charge for the
write-down of the Company’s national and international sports contracts. Fiscal 2002 results also include the Company’s acquisition of Chris-
Craft Industries, Inc. for approximately $5 billion ($2 billion in cash and $3 billion in Class A Common Stock) and the sale of its interest in Fox
Family Worldwide to The Walt Disney Company (“Disney”) for total consideration of approximately $1.6 billion, which resulted in a pre-tax gain of
approximately $1.3 billion.
(4) Fiscal 2001 Net income (loss) and Basic and diluted earnings (loss) per share include the impact of the after-tax charges of $494 million and $66
million for the cumulative effect of accounting change relating to the Company’s adoption of SOP No. 00-2 and SFAS No. 133, respectively.
(5) Basic and diluted earnings (loss) per share and cash dividend per share reflect per share amounts based on the adjusted share amounts to reflect
the one-for-two share exchange in the Reorganization.
(6) Class A Common Stock carry rights to a greater dividend than Class B Common Stock through fiscal 2007. As such, net income available to the
Company’s stockholders is allocated between the Company’s two classes of common stock, Class A Common Stock and Class B Common
Stock. The allocation between the classes of common stock was based upon the two-class method. See Notes 2 and 20 to the Consolidated
Financial Statements of News Corporation for further discussion. In fiscal 2008, shares of Class A Common Stock cease to carry any rights to a
greater dividend than shares of Class B Common Stock. Earnings (loss) per share based on the total weighted average shares outstanding
(Class A Common Stock and Class B Common Stock combined) are as follows:
For the years ended June 30, 2005(a) 2004 2003 2002 2001
Diluted earnings (loss) per share $0.69 $0.54 $0.31 $(3.12) $(0.08)
(a) In March 2005, the Company’s acquisition of the interest of Fox Entertainment Group, Inc. (“FEG”) that it did not already own was
completed and a total of 357 million shares of Class A Common Stock were issued as consideration.
(7) Each fiscal year presented prior to June 30, 2005 includes $345 million of perpetual preference shares outstanding, which were redeemed at par
by the Company on November 12, 2004.
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