Twenty-First Century Fox 2014 Annual Report Download - page 57

Download and view the complete annual report

Please find page 57 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

51
Fiscal 2014 versus Fiscal 2013
The following table reconciles Total Segment OIBDA to Income from continuing operations before income
tax expense for fiscal 2014, as compared to fiscal 2013.
For the years ended June 30,
2014 2013 Change % Change
(in millions, except %)
Revenues ........................................................................ $ 31,867 $ 27,675 $ 4,192 15 %
Operating expenses ........................................................ (21,108) (17,496) (3,612 ) 21 %
Selling, general and administrative ................................ (4,129) (4,007) (122 ) 3 %
Amortization of cable distribution investments ............. 85 89 (4 ) (4) %
Total Segment OIBDA .................................................. 6,715 6,261 454 7 %
Amortization of cable distribution investments ............. (85) (89) 4 (4) %
Depreciation and amortization ....................................... (1,142) (797) (345 ) 43 %
Impairment charges ....................................................... - (35) 35 **
Equity earnings of affiliates ........................................... 622 655 (33 ) (5) %
Interest expense, net ....................................................... (1,121) (1,063) (58 ) 5 %
Interest income ............................................................... 26 57 (31 ) (54) %
Other, net ....................................................................... 174 3,747 (3,573 ) (95) %
Income from continuing operations before income tax
expense ....................................................................... $ 5,189 $ 8,736 $ (3,547 ) (41) %
** not meaningful
The following tables set forth the Company’s Revenues and Segment OIBDA for fiscal 2014, as compared to
fiscal 2013.
For the years ended June 30,
2014
2013 Change % Change
(in millions, except %)
Revenues:
Cable Network Programming ....................................... $ 12,273 $ 10,881 $ 1,392 13 %
Television ..................................................................... 5,296 4,860 436 9 %
Filmed Entertainment ................................................... 9,679 8,642 1,037 12 %
Direct Broadcast Satellite Television ............................ 6,030 4,439 1,591 36 %
Other, Corporate and Eliminations ............................... (1,411) (1,147) (264 ) (23) %
Total revenues ............................................................... $ 31,867 $ 27,675 $ 4,192 15 %
For the years ended June 30,
2014
2013 Change % Change
(in millions, except %)
Segment OIBDA:
Cable Network Programming ........................................ $ 4,407 $ 4,177 $ 230 6 %
Television ...................................................................... 882 855 27 3 %
Filmed Entertainment .................................................... 1,358 1,308 50 4 %
Direct Broadcast Satellite Television ............................. 424 397 27 7 %
Other, Corporate and Eliminations ................................ (356) (476) 120 25 %
Total Segment OIBDA .................................................. $ 6,715 $ 6,261 $ 454 7 %