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News Corp (NWS) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, June 30, 2015

News Corp

CIK: 1564708 Ticker: NWS

Exhibit 99.1

 

LOGO

NEWS CORPORATION REPORTS FOURTH QUARTER AND

FULL YEAR RESULTS FOR FISCAL 2015

FISCAL 2015 FOURTH QUARTER KEY FINANCIAL HIGHLIGHTS

 

    Revenues of $2.14 billion compared to $2.19 billion in the prior year

 

    Reported Total Segment EBITDA of $191 million compared to $127 million in the prior year

 

    Adjusted EPS were $0.07 compared to $0.01 in the prior year – Reported EPS, which includes an impairment charge of $371 million, were ($0.65) compared to $0.02 in the prior year

 

    Company has initiated a strategic review of its Digital Education segment

 

    The Board of Directors has declared its first semi-annual cash dividend of $0.10 per share

NEW YORK, NY – August 12, 2015 –

News Corporation (“News Corp” or the “Company”) (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) today reported financial results for the three months and fiscal year ended June 30, 2015.

Commenting on the results, Chief Executive Robert Thomson said:

“Thanks to solid performance across a number of our businesses, including the fast-growing realtor.com®, we had a strong fourth quarter finish to a good fiscal year. Despite an uneven global economy, very tough currency headwinds and the ongoing transformation of the media landscape, for fiscal 2015 we posted stable revenues, robust EBITDA growth and healthy free cash flow.

With disciplined internal investments, strategic acquisitions and ongoing product innovation, we have aggressively shifted the company to be more global and more digital. We have clearly emerged as an international leader in digital real estate, opened up new territories at HarperCollins, expanded digital subscriber penetration at our mastheads and successfully integrated our programmatic exchange, creating new digital and mobile advertising opportunities across News Corp.

We have begun to execute on a capital return program that signifies our confidence in the prospects of the company and the efficacy of its long-term strategy. The year ahead will be an opportunity to build on the sound and profitable platform we have collectively created.”

FULL YEAR RESULTS

The Company reported fiscal 2015 full year total revenues of $8.63 billion, a 1% increase as compared to the prior year revenues of $8.57 billion. The increase reflects growth in the Book Publishing and Digital Real Estate Services segments, primarily as a result of the acquisitions of Harlequin Enterprises Limited (“Harlequin”) and Move, Inc. (“Move”), respectively, which was partially offset by adverse foreign currency fluctuations and lower advertising revenues at the News and Information Services segment. Adjusted revenues (as defined in Note 1) were 1% lower than the prior year.

The Company reported full year Total Segment EBITDA of $852 million, an 11% increase as compared to $770 million in the prior year. These results include $50 million in fees and costs in fiscal 2015 and $72 million in fiscal 2014 – net of indemnification – related to the U.K. Newspaper Matters (as defined below). The improvement was driven by increased revenues in the Book Publishing segment due to the inclusion of Harlequin results and lower

 

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The following information was filed by News Corp (NWS) on Wednesday, August 12, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive (loss) Income
Consolidated Statements Of Comprehensive (loss) Income (parenthetical)
Consolidated Statements Of Equity
Consolidated Statements Of Operations
(loss) Earning Per Share - Additional Information (detail)
(loss) Earnings Per Share
(loss) Earnings Per Share (tables)
(loss) Earnings Per Share - Computation Of Basic And Diluted (loss) Earnings Per Share (detail)
Acquisitions, Disposals And Other Transactions
Acquisitions, Disposals And Other Transactions (tables)
Acquisitions, Disposals And Other Transactions - Additional Information (detail)
Acquisitions, Disposals And Other Transactions - Schedule Of Earnings Of Equity Affiliates (detail)
Acquisitions, Disposals And Other Transactions - Schedule Of Earnings Of Equity Affiliates (parenthetical) (detail)
Acquisitions, Disposals And Other Transactions - Schedule Of Fair Value Of Assets Acquired And Liabilities Assumed (detail)
Acquisitions, Disposals And Other Transactions - Schedule Of Total Transaction Value For Acquisition (detail)
Additional Financial Information
Additional Financial Information (tables)
Additional Financial Information - Components Of Accumulated Other Comprehensive (loss) Income (detail)
Additional Financial Information - Components Of Accumulated Other Comprehensive (loss) Income (parenthetical) (detail)
Additional Financial Information - Components Of Other Current Assets Included In Balance Sheets (detail)
Additional Financial Information - Components Of Other Current Liabilities (detail)
Additional Financial Information - Components Of Other Non-current Assets Included In Balance Sheets (detail)
Additional Financial Information - Components Of Other, Net Included In Statements Of Operations (detail)
Commitments And Contingencies
Commitments And Contingencies (tables)
Commitments And Contingencies - Additional Information (detail)
Commitments And Contingencies - Net Impact Of U.k. Newspaper Matters On Selling, General And Administrative Expenses (detail)
Commitments And Contingencies - Schedule Of Commitments By Fiscal Year Maturity (detail)
Commitments And Contingencies - Schedule Of Commitments By Fiscal Year Maturity (parenthetical) (detail)
Credit Facility
Credit Facility - Additional Information (detail)
Description Of Business And Basis Of Presentation
Description Of Business And Basis Of Presentation - Additional Information (detail)
Equity Based Compensation - Additional Information (detail)
Equity-based Compensation
Equity-based Compensation (tables)
Equity-based Compensation - Summary Of Activity Related To Target Psus And Rsus Settled In Shares (detail)
Equity-based Compensation - Summary Of Activity Related To Target Psus And Rsus Settled In Shares (parenthetical) (detail)
Equity-based Compensation - Summary Of Equity-based Compensation Expense (detail)
Equity-based Compensation - Summary Of Stock Option Transactions (detail)
Equity-based Compensation - Summary Of Stock Option Transactions (parenthetical) (detail)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (tables)
Goodwill And Other Intangible Assets - Additional Information (detail)
Goodwill And Other Intangible Assets - Schedule Of Carrying Values Of Intangible Assets And Related Accumulated Amortization (detail)
Goodwill And Other Intangible Assets - Schedule Of Carrying Values Of Intangible Assets And Related Accumulated Amortization (parenthetical) (detail)
Goodwill And Other Intangible Assets - Schedule Of Changes In Carrying Value Of Goodwill, By Segment (detail)
Income Taxes
Income Taxes (tables)
Income Taxes - Additional Information (detail)
Income Taxes - Change In Unrecognized Tax Benefits, Excluding Interest And Penalties (detail)
Income Taxes - Effective Income Tax Rate Reconciliation (detail)
Income Taxes - Effective Income Tax Rate Reconciliation (parenthetical) (detail)
Income Taxes - Net Impact Of Tax Refund And Interest, Net Of Tax, Recorded In Statement Of Operations (detail)
Income Taxes - Schedule Of (loss) Income Before Income Tax (benefit) Expense Attributable To Jurisdictions (detail)
Income Taxes - Schedule Of Components Of Deferred Tax Assets And Liabilities (detail)
Income Taxes - Schedule Of Components Of Income Tax (benefit) Expense (detail)
Income Taxes - Schedule Of Income Tax Net Operating Loss Carryforwards (nols) (gross, Net Uncertain Tax Benefits) (detail)
Income Taxes - Summary Of Recognized Current And Deferred Income Taxes In Balance Sheets (detail)
Investments
Investments (tables)
Investments - Additional Information (detail)
Investments - Schedule Of Available-for-sale Investments (detail)
Investments - Schedule Of Earnings Of Equity Affiliates (detail)
Investments - Schedule Of Earnings Of Equity Affiliates (parenthetical) (detail)
Investments - Schedule Of Investments (detail)
Investments - Schedule Of Investments (parenthetical) (detail)
Investments - Schedule Of Summarized Financial Information (detail)
Investments - Schedule Of Summarized Financial Information (parenthetical) (detail)
Other Postretirement Benefits
Other Postretirement Benefits - Additional Information (detail)
Property, Plant And Equipment
Property, Plant And Equipment (tables)
Property, Plant And Equipment - Additional Information (detail)
Property, Plant And Equipment - Components Of Property, Plant And Equipment (detail)
Property, Plant And Equipment - Components Of Property, Plant And Equipment (parenthetical) (detail)
Quarterly Data
Quarterly Data (tables)
Quarterly Data - Schedule Of Quarterly Financial Information (detail)
Quarterly Data - Schedule Of Quarterly Financial Information (parenthetical) (detail)
Redeemable Preferred Stock
Redeemable Preferred Stock - Additional Information (detail)
Related Party Transactions And Relationship With 21st Century Fox Investment
Related Party Transactions And Relationship With 21st Century Fox Investment (tables)
Related Party Transactions And Relationship With 21st Century Fox Investment - Additional Information (detail)
Related Party Transactions And Relationship With 21st Century Fox Investment - Schedule Of Amount Of Accounts Receivable Due From And Payable To Related Parties (detail)
Related Party Transactions And Relationship With 21st Century Fox Investment - Schedule Of Components Of Net Decrease In Investment (detail)
Related Party Transactions And Relationship With 21st Century Fox Investment - Schedule Of Components Of Net Decrease In Investment (parenthetical) (detail)
Related Party Transactions And Relationship With 21st Century Fox Investment - Schedule Of Net Revenue From Related Parties (detail)
Restructuring Programs
Restructuring Programs (tables)
Restructuring Programs - Additional Information (detail)
Restructuring Programs - Schedule Of Changes In Restructuring Program Liabilities (detail)
Retirement Benefit Obligations
Retirement Benefit Obligations (tables)
Retirement Benefit Obligations - Additional Information (detail)
Retirement Benefit Obligations - Schedule Of Accumulated And Projected Benefit Obligations And Fair Value Of Plan Assets For Funded And Unfunded Pension Plans (detail)
Retirement Benefit Obligations - Schedule Of Accumulated Benefit Obligation Exceeds Fair Value Of Plan Assets (detail)
Retirement Benefit Obligations - Schedule Of Allocation Of Plan Assets (detail)
Retirement Benefit Obligations - Schedule Of Amounts In Accumulated Other Comprehensive (loss) Income Expected To Be Recognized As Component Of Net Periodic Pension Cost (detail)
Retirement Benefit Obligations - Schedule Of Amounts Recognized In Accumulated Other Comprehensive (loss) Income (detail)
Retirement Benefit Obligations - Schedule Of Amounts Recognized In Balance Sheets (detail)
Retirement Benefit Obligations - Schedule Of Assumptions Used (detail)
Retirement Benefit Obligations - Schedule Of Change In Projected Benefit Obligation, Change In Fair Value Of Plan Assets And Funded Status (detail)
Retirement Benefit Obligations - Schedule Of Change In Projected Benefit Obligation, Change In Fair Value Of Plan Assets And Funded Status (parenthetical) (detail)
Retirement Benefit Obligations - Schedule Of Components Of Net Periodic Costs (detail)
Retirement Benefit Obligations - Schedule Of Effect Of One Percentage Point Change In Assumed Health Care Cost Trend Rate (detail)
Retirement Benefit Obligations - Schedule Of Expected Benefit Payments (detail)
Retirement Benefit Obligations - Schedule Of Health Care Cost Trend Rates (detail)
Retirement Benefit Obligations - Schedule Of Weighted-average Asset Allocations, By Asset Category (detail)
Retirement Benefit Obligations - Summary Of Changes In Fair Value Of Investments Reflected As Level 3 Assets (detail)
Segment Information
Segment Information (tables)
Segment Information - Additional Information (detail)
Segment Information - Reconciliation Of Assets From Segments To Consolidated (detail)
Segment Information - Reconciliation Of Depreciation And Amortization, Capital Expenditures And Goodwill And Intangible Assets From Segments To Consolidated (detail)
Segment Information - Reconciliation Of Revenue And Segment Ebitda From Segments To Consolidated (detail)
Segment Information - Revenue And Long-lived Assets By Geographic Region (detail)
Segment Information - Revenue And Long-lived Assets By Geographic Region (parenthetical) (detail)
Stockholders' Equity
Stockholders' Equity - Additional Information (detail)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies - Additional Information (detail)
Summary Of Significant Accounting Policies - Components Of Receivables, Net (detail)
Valuation And Qualifying Accounts
Valuation And Qualifying Accounts (tables)
Valuation And Qualifying Accounts - Schedule Of Valuation And Qualifying Accounts (detail)
Ticker: NWS
CIK: 1564708
Form Type: 10-K Annual Report
Accession Number: 0001193125-15-288946
Submitted to the SEC: Thu Aug 13 2015 6:41:51 AM EST
Accepted by the SEC: Thu Aug 13 2015
Period: Tuesday, June 30, 2015
Industry: Newspapers Publishing Or Publishing And Printing

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