Twenty-First Century Fox 2008 Annual Report Download - page 52

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NEWSCORP
Selected Financial Data
The selected consolidated financial data should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and
Results of Operations” and “Financial Statements and Supplementary Data” and the other financial information included elsewhere herein.
2008 (1) 2007 (1) 2006 (1) 2005 (2) 2004 (3)
For the years ended June 30, (in millions, except per share data)
Statement of Operations Data:
Revenues $32,996 $28,655 $ 25,327 $23,859 $20,802
Operating income 5,381 4,452 3,868 3,564 2,931
Income from continuing operations 5,387 3,426 2,812 2,128 1,533
Net income 5,387 3,426 2,314 2,128 1,533
Basic income from continuing operations per share: (4)(5) $ 1.82
Class A $ 1.14 $ 0.92 $ 0.74 $ 0.58
Class B $ 0.95 $ 0.77 $ 0.62 $ 0.49
Diluted income from continuing operations per share: (4)(5) $ 1.81
Class A $ 1.14 $ 0.92 $ 0.73 $ 0.58
Class B $ 0.95 $ 0.77 $ 0.61 $ 0.48
Basic earnings per share: (4)(5) $ 1.82
Class A $ 1.14 $ 0.76 $ 0.74 $ 0.58
Class B $ 0.95 $ 0.63 $ 0.62 $ 0.49
Diluted earnings per share: (4)(5) $ 1.81
Class A $ 1.14 $ 0.76 $ 0.73 $ 0.58
Class B $ 0.95 $ 0.63 $ 0.61 $ 0.48
Cash dividend per share: (4)(5)(6)
Class A $ 0.12 $ 0.12 $ 0.13 $ 0.10 $ 0.10
Class B $ 0.11 $ 0.10 $ 0.13 $ 0.04 $ 0.04
2008 2007 2006 2005 2004
As of June 30, (in millions)
Balance Sheet Data:
Cash and cash equivalents $ 4,662 $ 7,654 $ 5,783 $ 6,470 $ 4,051
Total assets 62,308 62,343 56,649 54,692 48,343
Borrowings and perpetual preference shares (7) 13,511 12,502 11,427 10,999 10,509
(1) See Notes 2, 3, 6 and 8 to the Consolidated Financial Statements of News Corporation for information with respect to significant acquisitions,
disposals, changes in accounting and other transactions during fiscal 2008, 2007 and 2006.
(2) Fiscal 2005 results include the Company’s acquisition of the remaining non-controlling interest in Fox Entertainment Group, Inc. by issuing
approximately 357 million shares of the Company’s Class A common stock, par value $0.01 per share (“Class A Common Stock”) valued at
approximately $6.3 billion. Fiscal 2005 also included the acquisition of the approximate 58% interest in Queensland Press Pty Limited the
Company did not already own through the acquisition of the Cruden Group of companies. The consideration for the acquisition of the Cruden
Group was the issuance of approximately 61 million shares of the Company’s Class B common stock, par value $0.01 per share (“Class B
Common Stock”) valued at approximately $1.0 billion and the assumption of approximately $400 million of debt.
(3) Fiscal 2004 results include the sale of the Los Angeles Dodgers, Dodger Stadium and the team’s training facilities in Vero Beach, Florida.
(4) Basic and diluted earnings from continuing operations per share, basic and diluted earnings per share and cash dividend per share reflect per
share amounts based on the adjusted share amounts to reflect the November 12, 2004 one-for-two share exchange in the reincorporation of
News Corporation.
(5) Shares of the Company’s Class A Common Stock carried rights to a greater dividend than shares of the Company’s Class B Common Stock
through fiscal 2007. As such, for the periods through fiscal 2007, net income available to the Company’s stockholders was allocated between
shares of Class A Common Stock and Class B Common Stock. The allocation between these classes of common stock was based upon the
two-class method. Subsequent to the final fiscal 2007 dividend payment, shares of Class A Common Stock ceased to carry any rights to a
greater dividend than shares of Class B Common Stock. See Notes 2 and 19 to the Consolidated Financial Statements of News Corporation for
further discussion.
(6) The Company’s Board of Directors (the “Board”) currently declares an interim and final dividend each fiscal year. The final dividend is
determined by the Board subsequent to the fiscal year end. The total dividends declared related to fiscal 2008 results were $0.12 per share of
Class A Common Stock and Class B Common Stock. The total dividends declared related to fiscal 2007 results were $0.12 per share of Class A
Common Stock and $0.10 per share of Class B Common Stock.
(7) Each fiscal year presented prior to June 30, 2005 includes $345 million of perpetual preference shares outstanding, which were redeemed at par
by the Company in November 2004.
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