Twenty-First Century Fox 2014 Annual Report Download - page 61
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55
Fiscal 2013 versus Fiscal 2012
The following table reconciles Total Segment OIBDA to Income from continuing operations before income
tax expense for fiscal 2013, as compared to fiscal 2012.
For the years ended June 30,
2013 2012 Change % Change
(in millions, except %)
Revenues ....................................................................... $ 27,675 $ 25,051 $ 2,624 10 %
Operating expenses ....................................................... (17,496) (15,663) (1,833 ) 12 %
Selling, general and administrative ............................... (4,007) (3,719) (288 ) 8 %
Amortization of cable distribution investments ............ 89 88 1 1 %
Total Segment OIBDA ................................................. 6,261 5,757 504 9 %
Amortization of cable distribution investments ............ (89) (88) (1 ) 1 %
Depreciation and amortization ...................................... (797) (711) (86 ) 12 %
Impairment charges ...................................................... (35) (201) 166 (83) %
Equity earnings of affiliates .......................................... 655 636 19 3 %
Interest expense, net ...................................................... (1,063) (1,032) (31 ) 3 %
Interest income .............................................................. 57 77 (20 ) (26) %
Other, net ...................................................................... 3,747 25 3,722 **
Income from continuing operations before income tax
expense ...................................................................... $ 8,736 $ 4,463 $ 4,273 96 %
** not meaningful
The following tables set forth the Company’s Revenues and Segment OIBDA for fiscal 2013, as compared to
fiscal 2012.
For the years ended June 30,
2013
2012 Change % Change
(in millions, except %)
Revenues:
Cable Network Programming ........................................ $ 10,881 $ 9,324 $ 1,557 17 %
Television ...................................................................... 4,860 4,803 57 1 %
Filmed Entertainment .................................................... 8,642 8,363 279 3 %
Direct Broadcast Satellite Television ............................. 4,439 3,740 699 19 %
Other, Corporate and Eliminations ................................ (1,147) (1,179) 32 3 %
Total revenues ................................................................ $ 27,675 $ 25,051 $ 2,624 10 %
For the years ended June 30,
2013
2012 Change % Change
(in millions, except %)
Segment OIBDA:
Cable Network Programming ........................................ $ 4,177 $ 3,549 $ 628 18 %
Television ...................................................................... 855 791 64 8 %
Filmed Entertainment .................................................... 1,308 1,312 (4 ) - %
Direct Broadcast Satellite Television ............................. 397 561 (164 ) (29) %
Other, Corporate and Eliminations ................................ (476) (456) (20 ) (4) %
Total Segment OIBDA .................................................. $ 6,261 $ 5,757 $ 504 9 %