Twenty-First Century Fox 2008 Annual Report Download - page 82

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NEWSCORP
Consolidated Statements of Operations
2008 2007 2006
For the years ended June 30, (In Millions, Except Per Share Amounts)
Revenues $32,996 $28,655 $25,327
Expenses:
Operating 20,531 18,645 16,593
Selling, general and administrative 5,984 4,655 3,982
Depreciation and amortization 1,207 879 775
Other operating (income) charges (107) 24 109
Operating income 5,381 4,452 3,868
Other income (expense):
Equity earnings of affiliates 327 1,019 888
Interest expense, net (926) (843) (791)
Interest income 246 319 246
Other, net 2,293 359 194
Income from continuing operations before income tax expense and minority interest in
subsidiaries 7,321 5,306 4,405
Income tax expense (1,803) (1,814) (1,526)
Minority interest in subsidiaries, net of tax (131) (66) (67)
Income from continuing operations 5,387 3,426 2,812
Gain on disposition of discontinued operations, net of tax — — 515
Income before cumulative effect of accounting change 5,387 3,426 3,327
Cumulative effect of accounting change, net of tax — — (1,013)
Net income $ 5,387 $ 3,426 $ 2,314
Basic earnings per share:
Income from continuing operations $ 1.82
Class A $ 1.14 $ 0.92
Class B $ 0.95 $ 0.77
Net Income $ 1.82
Class A $ 1.14 $ 0.76
Class B $ 0.95 $ 0.63
Diluted earnings per share:
Income from continuing operations $ 1.81
Class A $ 1.14 $ 0.92
Class B $ 0.95 $ 0.77
Net Income $ 1.81
Class A $ 1.14 $ 0.76
Class B $ 0.95 $ 0.63
The accompanying notes are an integral part of these audited consolidated financial statements.
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