F
Fox Corp
FOXACIK 0001754301NasdaqLarge AcceleratedTelevision Broadcasting StationsDelawareFY ends Jun 30
Period
FY 2025
Revenue
$16.30B
Net Income
$2.29B
Total Assets
$23.20B
Equity
$11.96B
Shares Out
1
Op. Cash Flow
$3.32B
Business
Fox Corp produces and delivers news, sports and entertainment content through its portfolio of national and local media brands. It offers cable and broadcast programming, digital streaming via Tubi and FOX One, advertising and affiliate distribution, production services through FOX Entertainment Studios and the FOX Studio Lot, and consumer finance marketplace services via Credible. The company reports its operations in Cable Network Programming, Television, Credible and FOX Studio Lot segments. Fox distributes content primarily across U.S. linear MVPDs, broadcast affiliates and broader digital platforms.
Summary from filing dated 2025-08-06
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Revenues | 16,300 | 13,980 | 14,913 | 13,974 | 12,909 | |
| Operating expenses | −10,518 | −9,089 | −9,689 | −9,117 | −8,037 | |
| Selling, general and administrative | −2,168 | −2,024 | −2,049 | −1,920 | −1,807 | |
| Depreciation and amortization | −385 | −389 | −411 | −363 | −300 | |
| Restructuring, impairment and other corporate matters | −350 | −67 | −1,182 | −157 | — | |
| Equity (losses) earnings of affiliates | −29 | −44 | 4 | 4 | — | |
| Interest expense, net | −227 | −216 | −218 | −371 | — | |
| Non-operating other, net | 438 | −47 | 368 | −356 | 579 | |
| Income before income tax expense | 3,061 | 2,104 | 1,736 | 1,694 | 2,918 | |
| Income tax expense | −768 | −550 | −483 | −461 | −717 | |
| Net income | 2,293 | 1,554 | 1,253 | 1,233 | 2,201 | |
| Less: Net income attributable to noncontrolling interests | −30 | −53 | −14 | −28 | −51 | |
| Net income attributable to Fox Corporation stockholders | 2,263 | 1,501 | 1,239 | 1,205 | 2,150 | |
| Basic (in dollars per share) | 4.97 | 3.14 | 2.34 | 2.13 | 3.64 | |
| Diluted (in dollars per share) | 4.91 | 3.13 | 2.33 | 2.11 | 3.61 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 5,351 | 4,319 | 4,272 | 5,200 | 5,886 | |
| Receivables, net | 2,472 | 2,364 | 2,177 | 2,128 | 2,029 | |
| Inventories, net | 432 | 626 | 543 | 791 | 729 | |
| Other | 174 | 192 | 265 | 162 | 105 | |
| Total current assets | 8,429 | 7,501 | 7,257 | 8,281 | 8,749 | |
| Property, plant and equipment, net | 1,705 | 1,696 | 1,708 | 1,682 | 1,708 | |
| Intangible assets, net | 2,969 | 3,038 | 3,084 | 3,157 | 3,154 | |
| Goodwill | 3,639 | 3,544 | 3,559 | 3,554 | 3,435 | |
| Deferred tax assets | 2,721 | 2,878 | 3,090 | 3,440 | 3,822 | |
| Other non-current assets | 3,732 | 3,315 | 3,168 | 2,071 | 2,058 | |
| Total assets | 23,195 | 21,972 | 21,866 | 22,185 | 22,926 | |
| Borrowings | 0 | 599 | 1,249 | 0 | 749 | |
| Accounts payable, accrued expenses and other current liabilities | 2,897 | 2,353 | 2,514 | 2,296 | 2,253 | |
| Total current liabilities | 2,897 | 2,952 | 3,763 | 2,296 | 3,002 | |
| Borrowings | 6,602 | 6,598 | 5,961 | 7,206 | 7,202 | |
| Other liabilities | 1,341 | 1,366 | 1,484 | 1,120 | 1,336 | |
| Redeemable noncontrolling interests | 288 | 242 | 213 | 188 | 261 | |
| Commitments and contingencies | — | — | — | — | — | |
| Additional paid-in capital | 7,603 | 7,678 | 8,253 | 9,098 | 9,453 | |
| Retained earnings | 4,479 | 3,139 | 2,269 | 2,461 | 1,982 | |
| Accumulated other comprehensive loss | −124 | −107 | −149 | −226 | −318 | |
| Total Fox Corporation stockholders equity | 11,962 | 10,714 | 10,378 | 11,339 | 11,123 | |
| Noncontrolling interests | 105 | 100 | 67 | 36 | 2 | |
| Total equity | 12,067 | 10,814 | 10,445 | 11,375 | 11,125 | |
| Total liabilities and equity | 23,195 | 21,972 | 21,866 | 22,185 | 22,926 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Amortization of cable distribution investments | 10 | 16 | 16 | 18 | 22 | |
| Restructuring, impairment and other corporate matters | 267 | 67 | 367 | 157 | 35 | |
| Equity-based compensation | 135 | 90 | 74 | 102 | 147 | |
| Cash distributions received from affiliates | 13 | 0 | 0 | — | — | |
| Deferred income taxes | 164 | 203 | 321 | 342 | 534 | |
| Receivables and other assets | −95 | −172 | −104 | −79 | −269 | |
| Inventories net of programming payable | 521 | −303 | 145 | −301 | 190 | |
| Accounts payable and accrued expenses | 89 | −1 | −68 | −54 | 282 | |
| Other changes, net | −49 | −94 | −243 | −249 | −224 | |
| Net cash provided by operating activities | 3,324 | 1,840 | 1,800 | 1,884 | 2,639 | |
| Property, plant and equipment | −331 | −345 | −357 | −307 | −484 | |
| Acquisitions, net of cash acquired | −97 | 0 | 0 | −243 | −51 | |
| Purchase of investments | −79 | −103 | −54 | −28 | −86 | |
| Other investing activities, net | −30 | −4 | −27 | −18 | 0 | |
| Net cash used in investing activities | −537 | −452 | −438 | −513 | −528 | |
| Repurchase of shares | −1,000 | −1,000 | −2,000 | −1,000 | −1,001 | |
| Repayment of borrowings | −600 | −1,250 | 0 | −750 | 0 | |
| Borrowings | 0 | 1,232 | 0 | 0 | — | |
| Dividends paid and distributions | −277 | −281 | −299 | −307 | −330 | |
| Sale of subsidiary noncontrolling interest | 0 | 0 | 35 | 25 | 0 | |
| Other financing activities, net | 122 | −42 | −26 | −25 | −46 | |
| Net cash used in financing activities | −1,755 | −1,341 | −2,290 | −2,057 | −870 | |
| Net increase (decrease) in cash and cash equivalents | 1,032 | 47 | −928 | −686 | 1,241 |
Filings
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