Twenty-First Century Fox 2013 Annual Report Download - page 71

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The decrease in net cash provided by operating activities during the fiscal year ended June 30, 2012 as
compared to fiscal 2011 was primarily due to lower receipts at the Television segment and higher programming
payments at the Direct Broadcast Satellite Television segment as well as higher tax, pension and interest
payments. This decrease was partially offset by higher receipts at the Cable and Filmed Entertainment segments
and higher cash distributions from affiliates. The decrease in the Television segment was due to the absence of
the Super Bowl. The increase in the Cable Programming segment was due to higher affiliate receipts and the
increase in the Filmed Entertainment segment was due to higher licensing of television product.
Net cash used in investing activities for the fiscal years ended June 30, 2012 and 2011 was as follows (in
millions):
For the years ended June 30, 2012 2011
Net cash used in investing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(766) $(1,369)
The decrease in net cash used in investing activities during the fiscal year ended June 30, 2012 as compared
to fiscal 2011 was primarily due to the proceeds of approximately $335 million due to the sale of a portion of the
Company’s BSkyB investment in accordance with BSkyB’s share repurchase program and a decrease of
approximately $200 million in the amount invested in Sky Deutschland in fiscal 2012.
Net cash (used in) provided by financing activities for the fiscal years ended June 30, 2012 and 2011 was as
follows (in millions):
For the years ended June 30, 2012 2011
Net cash (used in) provided by financing activities . . . . . . . . . . . . . . . . . . . . . . . . . $(5,102) $1,383
The change in net cash used in financing activities for the fiscal year ended June 30, 2012 as compared to
net cash provided by financing activities in fiscal 2011 was primarily due to share repurchases of $4.6 billion
during fiscal 2012, with no comparable share repurchases in fiscal 2011.
Debt Instruments
The following table summarizes borrowings and repayments for the fiscal years ended June 30, 2013, 2012
and 2011.
For the years ended June 30,
2013 2012 2011
(in millions)
Borrowings
Notes due September 2022 (a) .......................................... $ 987 $— $ —
New revolving credit facility (b) ........................................ 293 — —
NotesdueFebruary2041 ............................................. — — 1,469
NotesdueFebruary2021 ............................................. — — 984
Allother .......................................................... (3) — 2
Totalborrowings................................................ $1,277 $— $2,455
Repayments of borrowings
NotesdueFebruary2013 ............................................. $ (273) $— $ (262)
Debt assumed in Shine acquisition (c) .................................... — — (134)
LYONs ........................................................... — — (82)
Bankloans......................................................... — (32) (46)
All other (d) ........................................................ (481) (3) (17)
Total repayment of borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (754) $ (35) $ (541)
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