Twenty-First Century Fox 2011 Annual Report Download - page 29

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Management’s Discussion and Analysis of Financial Condition and Results of Operations (continued)
The change in net cash used in financing activities during the fiscal year ended June 30, 2010 as compared to net cash provided in fiscal 2009
was primarily due to the redemption of the Company’s 0.75% Senior Exchangeable BUCS and 5% TOPrS, as well as the repayment of $150
million Senior Notes due March 2010. The increase in cash used in financing activities was partially offset by the issuance of $600 million 6.90%
Senior Notes due 2039 and $400 million 5.65% Senior Notes due 2020 in August 2009.
The total dividends declared related to fiscal 2010 results were $0.15 per share of Class A Common Stock and Class B Common Stock. In
August 2010, the Company declared the final dividend on fiscal 2010 results of $0.075 per share for Class A Common Stock and Class B
Common Stock. This together with the interim dividend of $0.075 per share of Class A Common Stock and Class B Common Stock constitute the
total dividend relating to fiscal 2010.
Debt Instruments
Borrowings
(1)
2011 2010 2009
Years ended June 30, (in millions)
Borrowings
Notes due February 2041 $1,469 $ — $ —
Notes due February 2021 984 — —
Notes due August 2039 — 593 —
Notes due August 2020 — 396 —
Notes due March 2019 — — 690
Notes due March 2039 — — 283
Bank loans — — 30
All other 18 38 37
Total borrowings $2,471 $ 1,027 $1,040
Repayments of borrowings
Senior Debentures due February 2013 $ (262) $ — $ —
Debt assumed in Shine acquisition(2) (134) — —
LYONs (82) — —
BUCS(3) — (1,655) —
TOPrS(3) — (134) —
Notes due March 2010 — (150) —
Notes due October 2008 — — (200)
Bank loans (46) (82) (64)
All other (33) (59) (79)
Total repayment of borrowings $ (557) $(2,080) $ (343)
(1) See Note 10 to the Consolidated Financial Statements of News Corporation for information with respect to borrowings.
(2) See Note 3 to the Consolidated Financial Statements of News Corporation for information with respect to the Shine acquisition.
(3) See Note 11 to the Consolidated Financial Statements of News Corporation for information with respect to the redemptions of the BUCS and TOPrS.
Ratings of the Public Debt
The table below summarizes the Company’s credit ratings as of June 30, 2011.
Rating Agency Senior Debt Outlook
Moody’s Baa1 Stable
S&P BBB+ Stable
2011 Annual Report 27