Twenty-First Century Fox 2011 Annual Report Download - page 91
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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, 2010 (in millions)
Revenues $ 1 $ — $ 32,777 $ — $ 32,778
Expenses (323) — (28,749) — (29,072)
Equity earnings of affiliates 2 — 446 — 448
Interest expense, net (4,256) (743) (10) 4,018 (991)
Interest income 6 — 4,103 (4,018) 91
Earnings (losses) from subsidiary entities 1,744 3,283 — (5,027) —
Other, net 644 (1) (169) (405) 69
Income (loss) before income tax expense (2,182) 2,539 8,398 (5,432) 3,323
Income tax (expense) benefit 446 — (1,716) 591 (679)
Net income (loss) (1,736) 2,539 6,682 (4,841) 2,644
Less: Net income attributable to noncontrolling interests — — (105) — (105)
Net income (loss) attributable to News Corporation stockholders $(1,736) $2,539 $ 6,577 $(4,841) $ 2,539
See notes to supplemental guarantor information
2011 Annual Report 89