10-Q Filing

Fox Corp CIK: 1754301 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001564590-19-008308`
Period End Date	20181231
Filing Date	20190318
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	ck0001754301-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 44 Cash Flow Statement 52 Comprehensive Income 32

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$56.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.50B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.95B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.00M	USD	Point-in-time
Receivables, net	`AccountsReceivableNetCurrent`	$1.83B	USD	Point-in-time
Receivables, net	`AccountsReceivableNetCurrent`	$2.44B	USD	Point-in-time
Inventories, net	`InventoryNet`	$1.42B	USD	Point-in-time
Inventories, net	`InventoryNet`	$1.18B	USD	Point-in-time
Other	`OtherAssetsCurrent`	$66.00M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$67.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.88B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.58B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.15B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.17B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.86B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.87B	USD	Point-in-time
Goodwill	`Goodwill`	$2.75B	USD	Point-in-time
Goodwill	`Goodwill`	$2.75B	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$759.00M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$833.00M	USD	Point-in-time
Total assets	`Assets`	$13.12B	USD	Point-in-time
Total assets	`Assets`	$13.47B	USD	Point-in-time
Accounts payable, accrued expenses and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$1.76B	USD	Point-in-time
Accounts payable, accrued expenses and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$1.24B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.24B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.76B	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$422.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$607.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.07B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.11B	USD	Point-in-time
Redeemable noncontrolling interests	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$106.00M	USD	Point-in-time
Redeemable noncontrolling interests	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$275.00M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Twenty-First Century Fox, Inc. investment	`ParentCompanyInvestment`	$10.60B	USD	Point-in-time
Twenty-First Century Fox, Inc. investment	`ParentCompanyInvestment`	$9.51B	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-202.00M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$81.00M	USD	Point-in-time
Total Fox Corporation equity	`StockholdersEquity`	$9.59B	USD	Point-in-time
Total Fox Corporation equity	`StockholdersEquity`	$10.39B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$12.00M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	-	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$10.41B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.53B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.95B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$11.05B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.59B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.09B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$13.47B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$13.12B	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$6.12B	USD	2 Qtrs
Revenues	`Revenues`	$5.30B	USD	2 Qtrs
Revenues	`Revenues`	$3.58B	USD	1 Quarter
Revenues	`Revenues`	$3.11B	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$2.35B	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$2.82B	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$3.61B	USD	2 Qtrs
Operating expenses	`OperatingCostsAndExpenses`	$4.31B	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$329.00M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$309.00M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$628.00M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$572.00M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$42.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$51.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$83.00M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$94.00M	USD	2 Qtrs
Interest expense	`InterestExpense`	$15.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$31.00M	USD	2 Qtrs
Interest expense	`InterestExpense`	$13.00M	USD	2 Qtrs
Interest expense	`InterestExpense`	$6.00M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-200.00M	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-93.00M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-95.00M	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-339.00M	USD	1 Quarter
Income before income tax (expense) benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$31.00M	USD	1 Quarter
Income before income tax (expense) benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$312.00M	USD	1 Quarter
Income before income tax (expense) benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$862.00M	USD	2 Qtrs
Income before income tax (expense) benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$923.00M	USD	2 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$7.00M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$223.00M	USD	2 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-570.00M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-359.00M	USD	2 Qtrs
Net income	`ProfitLoss`	$24.00M	USD	1 Quarter
Net income	`ProfitLoss`	$882.00M	USD	1 Quarter
Net income	`ProfitLoss`	$639.00M	USD	2 Qtrs
Net income	`ProfitLoss`	$1.28B	USD	2 Qtrs
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$23.00M	USD	2 Qtrs
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$13.00M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$27.00M	USD	2 Qtrs
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$16.00M	USD	1 Quarter
Net income attributable to Fox Corporation	`NetIncomeLossAvailableToCommonStockholdersBasic`	$869.00M	USD	1 Quarter
Net income attributable to Fox Corporation	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.26B	USD	2 Qtrs
Net income attributable to Fox Corporation	`NetIncomeLossAvailableToCommonStockholdersBasic`	$8.00M	USD	1 Quarter
Net income attributable to Fox Corporation	`NetIncomeLossAvailableToCommonStockholdersBasic`	$612.00M	USD	2 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$24.00M	USD	1 Quarter
Net income	`ProfitLoss`	$882.00M	USD	1 Quarter
Net income	`ProfitLoss`	$639.00M	USD	2 Qtrs
Net income	`ProfitLoss`	$1.28B	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$42.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$51.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$83.00M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$94.00M	USD	2 Qtrs
Amortization of cable distribution investments	`AmortizationOfCableDistributionInvestments`	$9.00M	USD	1 Quarter
Amortization of cable distribution investments	`AmortizationOfCableDistributionInvestments`	$32.00M	USD	2 Qtrs
Amortization of cable distribution investments	`AmortizationOfCableDistributionInvestments`	$19.00M	USD	2 Qtrs
Amortization of cable distribution investments	`AmortizationOfCableDistributionInvestments`	$20.00M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-200.00M	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-93.00M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-95.00M	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-339.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$57.00M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-580.00M	USD	2 Qtrs
Receivables and other assets	`IncreaseDecreaseInAccountsReceivable`	$587.00M	USD	2 Qtrs
Receivables and other assets	`IncreaseDecreaseInAccountsReceivable`	$574.00M	USD	2 Qtrs
Inventories net of program rights payable	`InventoriesNetOfProgramRightsPayable`	$243.00M	USD	2 Qtrs
Inventories net of program rights payable	`InventoriesNetOfProgramRightsPayable`	$168.00M	USD	2 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-130.00M	USD	2 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-218.00M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-35.00M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$36.00M	USD	2 Qtrs
Property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$88.00M	USD	2 Qtrs
Property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$112.00M	USD	2 Qtrs
Proceeds from the relinquishment of spectrum	`ProceedsFromSaleOfIntangibleAssets`	-	USD	2 Qtrs
Proceeds from the relinquishment of spectrum	`ProceedsFromSaleOfIntangibleAssets`	$354.00M	USD	2 Qtrs
Purchase of investments	`PaymentsToAcquireInvestments`	-	USD	2 Qtrs
Purchase of investments	`PaymentsToAcquireInvestments`	$100.00M	USD	2 Qtrs
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$63.00M	USD	2 Qtrs
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$3.00M	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$239.00M	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-251.00M	USD	2 Qtrs
Net transfers to 21CF	`NetTransferFromToParentCompany`	$-312.00M	USD	2 Qtrs
Net transfers to 21CF	`NetTransferFromToParentCompany`	$-130.00M	USD	2 Qtrs
Distributions and other	`PaymentsOfDividends`	$37.00M	USD	2 Qtrs
Distributions and other	`PaymentsOfDividends`	$22.00M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-167.00M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-334.00M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-549.00M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$37.00M	USD	2 Qtrs
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$56.00M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$2.50B	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.95B	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$19.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$56.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.50B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.95B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$19.00M	USD	Point-in-time

Comprehensive Income 32 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$24.00M	USD	1 Quarter
Net income attributable to redeemable noncontrolling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$10.00M	USD	1 Quarter
Net income attributable to redeemable noncontrolling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$23.00M	USD	2 Qtrs
Net income	`ProfitLoss`	$882.00M	USD	1 Quarter
Net income	`ProfitLoss`	$639.00M	USD	2 Qtrs
Net income attributable to redeemable noncontrolling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$13.00M	USD	1 Quarter
Net income attributable to redeemable noncontrolling interests	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$21.00M	USD	2 Qtrs
Net income	`ProfitLoss`	$1.28B	USD	2 Qtrs
Unrealized holding gains on securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$96.00M	USD	1 Quarter
Unrealized holding gains on securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	1 Quarter
Unrealized holding gains on securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	2 Qtrs
Unrealized holding gains on securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$177.00M	USD	2 Qtrs
Benefit plan adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-3.00M	USD	2 Qtrs
Benefit plan adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-3.00M	USD	2 Qtrs
Benefit plan adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-2.00M	USD	1 Quarter
Benefit plan adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-2.00M	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$3.00M	USD	2 Qtrs
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$98.00M	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$180.00M	USD	2 Qtrs
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$2.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$980.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.46B	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$26.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$642.00M	USD	2 Qtrs
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$23.00M	USD	2 Qtrs
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$13.00M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$27.00M	USD	2 Qtrs
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$16.00M	USD	1 Quarter
Comprehensive income attributable to Fox Corporation	`ComprehensiveIncomeNetOfTax`	$10.00M	USD	1 Quarter
Comprehensive income attributable to Fox Corporation	`ComprehensiveIncomeNetOfTax`	$615.00M	USD	2 Qtrs
Comprehensive income attributable to Fox Corporation	`ComprehensiveIncomeNetOfTax`	$967.00M	USD	1 Quarter
Comprehensive income attributable to Fox Corporation	`ComprehensiveIncomeNetOfTax`	$1.44B	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.