FOX Q1 2021 Earnings Report — Fox Corporation Revenue & Financial Results | Market Cap Arena

Fox CorporationFOX

Q1 2021 Earnings

Reported November 3, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2021	Q4 2020	Q1 2020	QoQ Change	YoY Change
Revenue	$2.7B	—	—	—	—
Op. Income	$1.1B	—	—	—	—
Gross Margin	100.0%	—	—	—	—
Net Margin	40.7%	—	—	—	—
EPS (Diluted)	$1.83	—	—	—	—
Free Cash Flow	$150M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$0
GROSS PROFIT	$2.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$388M
SG&A Expenses	$388M
Other Expenses	$1.2B
Operating Expenses	$1.6B
Cost & Expenses	$1.6B
OPERATING INCOME	$1.1B
Interest Income	$0
Interest Expense	$98M
Other Income/Expenses	$386M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$362M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$68M
EBIT	$1.6B
EBITDA	$1.6B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$0
GROSS PROFIT	$2.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$388M
SG&A Expenses	$388M
Other Expenses	$1.2B
Operating Expenses	$1.6B
Cost & Expenses	$1.6B
OPERATING INCOME	$1.1B
Interest Income	$0
Interest Expense	$98M
Other Income/Expenses	$386M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$362M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$68M
EBIT	$1.6B
EBITDA	$1.6B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$68M
Stock-Based Compensation	$31M
Deferred Income Tax	$391M
Other Non-Cash Items	-$479M
Change in Working Capital	-$861M
OPERATING CASH FLOW	$267M
Capital Expenditure	-$117M
Acquisitions (Net)	-$1M
Purchases of Investments	-$31M
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$149M
Net Debt Issuance	$0
Common Stock Repurchased	-$267M
Common Dividends Paid	-$15M
Other Financing Activities	$580M
NET CASH FROM FINANCING	$298M
FREE CASH FLOW	$150M
Net Change in Cash	$416M

Balance Sheet

Item	Amount
Cash & Equivalents	$5.1B
Short-Term Investments	$0
Net Receivables	$2.0B
Inventory	$1.3B
Other Current Assets	$134M
TOTAL CURRENT ASSETS	$8.5B
PP&E (Net)	$2.0B
Goodwill	$3.4B
Intangible Assets	$3.2B
Long-Term Investments	$755M
Tax Assets	$4.0B
Other Non-Current Assets	$680M
TOTAL NON-CURRENT ASSETS	$14.0B
TOTAL ASSETS	$22.5B
Account Payables	$524M
Short-Term Debt	$0
Deferred Revenue	$242M
Other Current Liabilities	$271M
TOTAL CURRENT LIABILITIES	$2.0B
Long-Term Debt	$7.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$990M
TOTAL NON-CURRENT LIABILITIES	$9.4B
TOTAL LIABILITIES	$11.4B
Common Stock	$6M
Additional Paid-In Capital	$9.7B
Retained Earnings	$1.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$408M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$10.8B
Minority Interest	$325M
TOTAL EQUITY	$11.1B
TOTAL LIABILITIES & EQUITY	$22.5B
Total Debt	$8.5B
Net Debt	$3.4B