Twenty-First Century Fox 2007 Annual Report Download - page 69
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NEWS CORPORATION
Consolidated Statements of Operations
(in millions, except per share amounts)
For the years ended June 30, 2007 2006 2005
Revenues $28,655 $25,327 $23,859
Expenses:
Operating 18,645 16,593 15,901
Selling, general and administrative 4,655 3,982 3,697
Depreciation and amortization 879 775 648
Other operating charges 24 109 49
Operating income 4,452 3,868 3,564
Other income (expense):
Interest expense, net (524) (545) (536)
Equity earnings of affiliates 1,019 888 355
Other, net 359 194 178
Income from continuing operations before income tax expense and minority interest in
subsidiaries 5,306 4,405 3,561
Income tax expense (1,814) (1,526) (1,220)
Minority interest in subsidiaries, net of tax (66) (67) (213)
Income from continuing operations 3,426 2,812 2,128
Gain on disposition of discontinued operations, net of tax — 515 —
Income before cumulative effect of accounting change 3,426 3,327 2,128
Cumulative effect of accounting change, net of tax — (1,013) —
Net income $ 3,426 $ 2,314 $ 2,128
Basic earnings per share:
Income from continuing operations
Class A $ 1.14 $ 0.92 $ 0.74
Class B $ 0.95 $ 0.77 $ 0.62
Net Income
Class A $ 1.14 $ 0.76 $ 0.74
Class B $ 0.95 $ 0.63 $ 0.62
Diluted earnings per share:
Income from continuing operations
Class A $ 1.14 $ 0.92 $ 0.73
Class B $ 0.95 $ 0.77 $ 0.61
Net Income
Class A $ 1.14 $ 0.76 $ 0.73
Class B $ 0.95 $ 0.63 $ 0.61
The accompanying notes are an integral part of these audited consolidated financial statements.
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