Last10K.com

News Corp (NWS) SEC Filing 10-K Annual report for the fiscal year ending Friday, June 30, 2017

News Corp

CIK: 1564708 Ticker: NWS

Exhibit 99.1

 

LOGO

NEWS CORPORATION REPORTS FOURTH QUARTER AND

FULL YEAR RESULTS FOR FISCAL 2017

FISCAL 2017 FULL YEAR KEY FINANCIAL HIGHLIGHTS

 

    Revenues of $8.14 billion compared to $8.29 billion in the prior year

 

    (Loss) income from continuing operations was ($643) million compared to $235 million in the prior year. The loss includes approximately $1 billion of pre-tax non-cash impairments and write-downs and a one-time pre-tax gain of $107 million as a result of the sale of REA Group’s European business

 

    Total Segment EBITDA was $885 million compared to $684 million in the prior year; fiscal 2016 included the NAM Group settlement charge of $280 million and the $122 million gain from the Zillow settlement

 

    Strong growth in the Digital Real Estate Services segment, which represented 37% of Total Segment EBITDA, driven by strong audience gains and new product offerings

 

    Reported EPS were ($1.27) compared to $0.28 in the prior year – Adjusted EPS were $0.36 compared to $0.40 in the prior year

 

    Digital revenues represented 25% of News and Information Services segment revenues, compared to 22% in the prior year

NEW YORK, NY – August 10, 2017 –

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, 2017 (includes 13 and 52 weeks, respectively, compared to 14 and 53 weeks in the three months and fiscal year ended June 30, 2016, respectively).

Commenting on the results, Chief Executive Robert Thomson said:

“Fiscal 2017 was a significant year for News Corp as we saw tangible improvement in profitability, powered by the fast-growing Digital Real Estate Services segment, and we charged a premium for premium content while focusing on operating efficiencies.

News Corp led the global debate about content value and values, prompting the digital platforms to address a dysfunctional content eco-system, in which the fake and the fraudulent have flourished. We are now in advanced discussions with those platforms over the creation of payment mechanisms for news of verified veracity.

Move, the operator of realtor.com®, and REA Group continue to post record revenues driven by higher traffic and improved yields. Digital real estate overall accounted for nearly 40% of our profits and we expect to expand earnings in coming years as the sector is still at a relatively early stage of its e-evolution.

HarperCollins posted higher EBITDA and margins this year through poignant books with broad appeal in the U.S., such as The Magnolia Story and Hillbilly Elegy. We believe that the emergence of digital audio and our expanding global footprint are potent sources of long-term growth.

 

1


The following information was filed by News Corp (NWS) on Thursday, August 10, 2017 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.

View differences made from one year to another to evaluate News Corp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by News Corp.

Continue

Assess how News Corp's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

News Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2017 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
Revenue
Financial
M & A
Other
Filter Subcategory:
All
Product
Expense
Geography
Income
Shares
Earnings
Cash Flow
Dividend
Other
Inside News Corp's 10-K Annual Report:

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
Consolidated Statements Of Comprehensive Loss (parenthetical)
Consolidated Statements Of Equity
Consolidated Statements Of Operations
(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 Fair Value Of Assets Acquired And Liabilities Assumed (detail)
Acquisitions, Disposals And Other Transactions - Schedule Of Total Fair Value Of Iproperty At Acquisition Date (detail)
Acquisitions, Disposals And Other Transactions - Schedule Of Total Transaction Value For Acquisition (detail)
Acquisitions, Disposals And Other Transactions - Schedule Of Total Transaction Value/ Fair Value Of Acquisition (detail)
Additional Financial Information
Additional Financial Information (tables)
Additional Financial Information - Components Of Accumulated Other Comprehensive Loss (detail)
Additional Financial Information - Components Of Accumulated Other Comprehensive Loss (parenthetical) (detail)
Additional Financial Information - Components Of Other Current Assets (detail)
Additional Financial Information - Components Of Other Current Liabilities (detail)
Additional Financial Information - Components Of Other Non-current Assets (detail)
Additional Financial Information - Components Of Other, Net Included In Statements Of Operations (detail)
Additional Financial Information - Components Of Other, Net Included In Statements Of Operations (parenthetical) (detail)
Borrowings
Borrowings (tables)
Borrowings - Additional Information (detail)
Borrowings - Schedule Of Borrowings (detail)
Borrowings - Scheduled Of Debt Maturities Excluding Other Obligations And Debt Issuance Costs (detail)
Commitments And Contingencies
Commitments And Contingencies (tables)
Commitments And Contingencies - Additional Information (detail)
Commitments And Contingencies - Schedule Of Commitments By Fiscal Year Maturity (detail)
Commitments And Contingencies - Schedule Of Commitments By Fiscal Year Maturity (parenthetical) (detail)
Description Of Business And Basis Of Presentation
Description Of Business And Basis Of Presentation (policies)
Discontinued Operations
Discontinued Operations (tables)
Discontinued Operations - Additional Information (detail)
Discontinued Operations - Summary Of Liabilities Held For Sale Related To Discontinued Operations (detail)
Discontinued Operations - Summary Of Results Of Operations From Discontinued Segment (detail)
Equity-based Compensation
Equity-based Compensation (tables)
Equity-based Compensation - Additional Information (detail)
Equity-based Compensation - Summary Of Activity From Continuing And Discontinued Operations Related To Target Psus And Rsus Settled In Shares (detail)
Equity-based Compensation - Summary Of Activity From Continuing And Discontinued Operations Related To Target Psus And Rsus Settled In Shares (parenthetical) (detail)
Equity-based Compensation - Summary Of Equity-based Compensation Expense From Continuing Operations (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 - Schedule Of (loss) Income From Continuing Operations Before Income Tax Expense (benefit) Attributable To Jurisdictions (detail)
Income Taxes - Schedule Of Components Of Deferred Tax Assets And Liabilities (detail)
Income Taxes - Schedule Of Components Of Income Tax Expense (benefit) (detail)
Income Taxes - Schedule Of Components Of Income Tax Expense (benefit) (parenthetical) (detail)
Income Taxes - Schedule Of Income Tax Net Operating Loss Carryforwards (nols) (gross, Net Uncertain Tax Benefits) (detail)
Income Taxes - Summary Of Major Tax Jurisdictions And Fiscal Years Open To Examination (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 (losses) Earnings Of Equity Affiliates (detail)
Investments - Schedule Of (losses) Earnings Of Equity Affiliates (parenthetical) (detail)
Investments - Schedule Of Available-for-sale Investments (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
Related Party Transactions (tables)
Related Party Transactions - Schedule Of Amount Of Receivables Due From And Payable To Related Parties (detail)
Related Party Transactions - 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 Expected To Be Recognized As Component Of Net Periodic Benefit Cost (detail)
Retirement Benefit Obligations - Schedule Of Amounts Recognized In Accumulated Other Comprehensive Loss (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 Components Of Net Periodic Costs (income) (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 (tables)
Stockholders' Equity - Additional Information (detail)
Stockholders' Equity - Summary Of Dividends Paid Per Share (detail)
Stockholders' Equity - Summary Of Total Number And Value Of Shares Repurchased (detail)
Subsequent Events
Subsequent Events - Additional Information (detail)
Summary Of Significant Accounting 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: 0001193125-17-257248
Submitted to the SEC: Mon Aug 14 2017 4:10:24 PM EST
Accepted by the SEC: Mon Aug 14 2017
Period: Friday, June 30, 2017
Industry: Newspapers Publishing Or Publishing And Printing

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/nws/0001193125-17-257248.htm