Twenty-First Century Fox 2011 Annual Report Download - page 90

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Notes to the Consolidated Financial Statements (continued)
Supplemental Condensed Consolidating Statement of Operations
News America
Incorporated
News
Corporation Non-Guarantor
Reclassifications
and Eliminations
News
Corporation
and Subsidiaries
For the year ended June 30, 2011 (in millions)
Revenues $ 1 $ — $ 33,404 $ — $ 33,405
Expenses (399) — (28,469) — (28,868)
Equity earnings of affiliates (6) — 468 — 462
Interest expense, net (1,435) (1,109) (19) 1,597 (966)
Interest income 73 8 1,642 (1,597) 126
Earnings (losses) from subsidiary entities 672 3,924 — (4,596) —
Other, net 250 (84) (148) — 18
Income (loss) from continuing operations before income tax expense (844) 2,739 6,878 (4,596) 4,177
Income tax (expense) benefit 208 — (1,694) 457 (1,029)
Income (loss) from continuing operations (636) 2,739 5,184 (4,139) 3,148
Loss on disposition of discontinued operations, net of tax — — (254) — (254)
Net income (loss) (636) 2,739 4,930 (4,139) 2,894
Less: Net income attributable to noncontrolling interests — — (155) — (155)
Net income (loss) attributable to News Corporation stockholders $ (636) $ 2,739 $ 4,775 $(4,139) $ 2,739
See notes to supplemental guarantor information
88 News Corporation