Twenty-First Century Fox 2014 Annual Report Download - page 140

Download and view the complete annual report

Please find page 140 of the 2014 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 168

  • 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
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168

TWENTY-FIRST CENTURY FOX, INC.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
134
Total Segment OIBDA is a non-GAAP measure and should be considered in addition to, not as a substitute
for, net income, cash flow and other measures of financial performance reported in accordance with GAAP. In
addition, this measure does not reflect cash available to fund requirements and excludes items, such as Depreciation
and amortization and Impairment charges, which are significant components in assessing the Company’s financial
performance.
For the years ended June 30,
2014 2013 2012
(in millions)
Revenues:
Cable Network Programming ................................................................. $ 12,273 $ 10,881 $ 9,324
Television ............................................................................................... 5,296 4,860 4,803
Filmed Entertainment .............................................................................. 9,679 8,642 8,363
Direct Broadcast Satellite Television ...................................................... 6,030 4,439 3,740
Other, Corporate and Eliminations ......................................................... (1,411 ) (1,147 ) (1,179)
Total revenues .............................................................................................. $ 31,867 $ 27,675 $ 25,051
Segment OIBDA:
Cable Network Programming ................................................................. $ 4,407 $ 4,177 $ 3,549
Television ............................................................................................... 882 855 791
Filmed Entertainment .............................................................................. 1,358 1,308 1,312
Direct Broadcast Satellite Television ...................................................... 424 397 561
Other, Corporate and Eliminations ......................................................... (356 ) (476 ) (456)
Total Segment OIBDA ................................................................................. 6,715 6,261 5,757
Amortization of cable distribution investments ................................................. (85 ) (89 ) (88)
Depreciation and amortization ........................................................................... (1,142 ) (797 ) (711)
Impairment charges ........................................................................................... - (35 ) (201)
Equity earnings of affiliates ............................................................................... 622 655 636
Interest expense, net ........................................................................................... (1,121 ) (1,063 ) (1,032)
Interest income ................................................................................................... 26 57 77
Other, net ........................................................................................................... 174 3,747 25
Income from continuing operations before income tax expense ........................ 5,189 8,736 4,463
Income tax expense ...................................................................................... (1,272 ) (1,690 ) (1,094)
Income from continuing operations ................................................................... 3,917 7,046 3,369
Income (loss) from discontinued operations, net of tax ............................... 729 277 (1,997)
N
et income ......................................................................................................... 4,646 7,323 1,372
Less: Net income attributable to noncontrolling interests ............................ (132 ) (226 ) (193)
N
et income attributable to Twenty-First Century Fox stockholders .................. $ 4,514 $ 7,097 $ 1,179