Twenty-First Century Fox 2005 Annual Report Download - page 69

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NEWS CORPORATION
Consolidated Statements of Operations
2005 2004 2003
For the years ended June 30, (in millions, except per share amounts)
Revenues $23,859 $20,802 $17,380
Expenses:
Operating 15,901 13,942 11,894
Selling, general and administrative 3,697 3,364 2,692
Depreciation and amortization 648 565 414
Other operating charge 49 ——
Operating income 3,564 2,931 2,380
Other (Expense) Income:
Interest expense, net (536) (532) (524)
Equity earnings (losses) of affiliates 355 170 (344)
Gain on issuance of subsidiary/affiliate shares ——163
Other, net 178 186 (9)
Income before income tax expense and minority interest in subsidiaries 3,561 2,755 1,666
Income tax expense (1,220) (1,014) (629)
Minority interest in subsidiaries, net of tax (213) (208) (215)
Net income $ 2,128 $ 1,533 $ 822
Basic earnings per share:
Class A $ 0.74 $ 0.58 $ 0.33
Class B $ 0.62 $ 0.49 $ 0.28
Diluted earnings per share:
Class A $ 0.73 $ 0.58 $ 0.33
Class B $ 0.61 $ 0.48 $ 0.28
The accompanying notes are an integral part of these audited consolidated financial statements.
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