Twenty-First Century Fox 2011 Annual Report Download - page 86

Download and view the complete annual report

Please find page 86 of the 2011 Twenty-First Century Fox annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 106

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106

Notes to the Consolidated Financial Statements (continued)
(2) Revenues include approximately $2.7 billion for both fiscal 2011 and 2010 and $2.9 billion for fiscal 2009 from customers in the United Kingdom, as well as approximately $3.9 billion for
fiscal 2011 and $4.0 billion for both fiscal 2010 and 2009 from customers in Italy.
(3) Revenues include approximately $3.2 billion, $2.9 billion and $2.5 billion from customers in Australia in fiscal 2011, 2010 and 2009, respectively.
2011 2010
As of June 30, (in millions)
Long-Lived Assets:
United States and Canada $26,019 $24,646
Europe 6,514 5,289
Australasia and Other 7,663 6,425
Total long-lived assets $40,196 $36,360
There is no material reliance on any single customer. Revenues are attributed to countries based on location of customers.
Australasia comprises Australia, Asia, Fiji, Papua New Guinea and New Zealand.
NOTE 20. Earnings Per Share
The following tables set forth the computation of basic and diluted earnings per share under ASC 260, “Earnings per Share” (“ASC 260”):
2011 2010 2009
For the year ended June 30, (in millions, except per share amounts)
Income (loss) from continuing operations $3,148 $2,644 $(3,310)
Less: Net income attributable to noncontrolling interests (155) (105) (68)
Income (loss) from continuing operations available to News Corporation stockholders – basic $2,993 $2,539 $(3,378)
Other (3) — —
Income (loss) from continuing operations available to News Corporation stockholders – diluted $2,990 $2,539 $(3,378)
Loss on disposition of discontinued operations, net of tax available to News Corporation stockholders- basic and
diluted (254) — —
Net income (loss) available to News Corporation stockholders – basic $2,739 $2,539 $(3,378)
Other (3) — —
Net income (loss) available to News Corporation stockholders – diluted $2,736 $2,539 $(3,378)
Weighted average shares – basic 2,625 2,619 2,613
Shares issuable under equity-based compensation plans(1) 89—
Weighted average shares – diluted 2,633 2,628 2,613
Income (loss) from continuing operations per share attributable to News Corporation stockholders – basic and
diluted $ 1.14 $ 0.97 $ (1.29)
Loss on disposition of discontinued operations, net of tax per share attributable to News Corporation
stockholders- basic and diluted $ (0.10) $ — $ —
Income (loss) per share attributable to News Corporation stockholders – basic and diluted $ 1.04 $ 0.97 $ (1.29)
(1) Weighted average common shares outstanding includes the incremental shares that would be issued upon the assumed exercise of stock options and vesting of restricted stock units if the
effect is dilutive. Because the Company had a loss from continuing operations in fiscal 2009, no potentially dilutive securities were included in the denominator for computing dilutive
earnings per share, since their impact on earnings per share from continuing operations would be anti-dilutive. In accordance with ASC 260, the same shares are used to compute all
earnings per share amounts. For the fiscal year ended June 30, 2009, approximately 2 million shares that could potentially dilute basic earnings per share in the future were excluded from
the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.
84 News Corporation