Twenty-First Century Fox 2008 Annual Report Download - page 135

Download and view the complete annual report

Please find page 135 of the 2008 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 152

  • 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
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152

NEWSCORP
Notes to the Consolidated Financial Statements (continued)
Supplemental Condensed Consolidating Statement of Operations
For the year ended June 30, 2008
News America
Incorporated News Corporation Non-Guarantor Reclassifications
and Eliminations News Corporation
and Subsidiaries
(US$ in millions)
Revenues $ 7 $ — $32,989 $ — $32,996
Expenses 343 — 27,272 — 27,615
Operating income (loss) (336) — 5,717 — 5,381
Other (Expense) Income:
Interest expense, net (2,287) (660) (622) 2,643 (926)
Equity earnings of affiliates 5 — 322 — 327
Interest income 841 27 2,021 (2,643) 246
Earnings (losses) from subsidiary entities 2,213 4,367 — (6,580) —
Other, net 561 1,653 79 — 2,293
Income (loss) before income tax expense and
minority interest in subsidiaries 997 5,387 7,517 (6,580) 7,321
Income tax (expense) benefit (245) — (1,851) 293 (1,803)
Minority interest in subsidiaries, net of tax — — (131) — (131)
Net income (loss) $ 752 $5,387 $ 5,535 $(6,287) $ 5,387
See notes to supplemental guarantor information
134 NEWSCORP 2008 Annual Report