Twenty-First Century Fox 2006 Annual Report Download - page 123

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News Corporation
Notes totheConsolidated Financial Statements (CONTINUED)
Supplemental Condensed Consolidating Statement of Operations
News America
Incorporated
News
Corporation Guarantor Non-Guarantor
Reclassifications
and Eliminations
News
Corporation
and
Subsidiaries
For the year ended June 30, 2004 (US$ in millions)
Revenues $4$—$642$20,156 $—$20,802
Expenses 197 —492 17,182 —17,871
Operating (loss) income (193) —1502,974 —2,931
Other (Expense) Income:
Interest expense, net (2,637) 1,539 608 (42) —(532)
Equity earnings (losses) of affiliates — —(22) 192 —170
Earnings (losses) from subsidiary entities 3,995 (6) 3,076 1,231 (8,296) —
Other, net 44 —(180) 322 —186
Income (loss) before income tax expense
and minority interest in subsidiaries 1,209 1,533 3,632 4,677 (8,296) 2,755
Income tax (expense) benefit (423) — (1,271) (1,637) 2,317 (1,014)
Minority interest in subsidiaries, net of tax ——(196) (12) —(208)
Net income (loss) $ 786 $1,533 $2,165 $3,028 $(5,979) $1,533
See notes to supplemental guarantor information
ANNUAL REPORT 123