Last10K.com

News Corp (NWS) SEC Filing 10-K Annual Report for the fiscal year ending Wednesday, June 30, 2021

SEC Filings

NWS Annual Reports

News Corp

CIK: 1564708 Ticker: NWS
news_corpxlogosmall.gif
Exhibit 99.1
NEWS CORPORATION REPORTS FOURTH QUARTER AND FULL YEAR RESULTS FOR FISCAL 2021
FISCAL 2021 FULL YEAR KEY FINANCIAL HIGHLIGHTS

Revenues were $9.36 billion, a 4% increase compared to $9.01 billion in the prior year, reflecting a 30% increase in the fourth quarter
Net income of $389 million compared to a net loss of $(1.55) billion in the prior year, which included non-cash impairment charges of $1.69 billion
Total Segment EBITDA was $1.27 billion compared to $1.01 billion in the prior year
Diluted EPS were $0.56 compared to $(2.16) in the prior year – Adjusted EPS were $0.67 compared to $0.22 in the prior year
Revenues at Move, operator of realtor.com®, grew 36% year-over-year, with 68% growth in the fourth quarter, which was an acceleration from the prior quarter growth rate. Average monthly unique users grew 32% in the fourth quarter
Dow Jones saw record digital subscriptions, continued robust growth at Risk & Compliance and a strong increase in digital advertising revenues
Foxtel’s streaming products exceeded 2 million total paid subscribers as of year end, driving 40% total paid subscriber growth
Book Publishing continued to benefit from strong consumption patterns with 19% revenue growth
Announced agreement to acquire OPIS, a leading data and analytics provider for energy and commodities markets, to bolster Dow Jones’ Professional Information Business

NEW YORK, NY – August 5, 2021 –
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, 2021. Commenting on the results, Chief Executive Robert Thomson said:

“Fiscal Year 2021 was the most profitable year since we created the new News Corp in 2013, with revenues rising 4 percent in the full year and surging by 30 percent in the Fourth Quarter. Profitability improved by 26 percent for the year, when we had a record number of digital subscriptions, record revenue and profits at Move and record traffic at realtor.com®, record profits at HarperCollins and the largest profit at Dow Jones since its acquisition in 2007.

We also saw record subscriber growth at Foxtel, where, at the end of June, our paid streaming subscribers reached over 2 million, an increase year-on-year of 155 percent. That sterling performance has clearly given us much optionality as we consider Foxtel’s future, which is certainly bright, given that revenues rose 33 percent in the Fourth Quarter.

Our strong record of cash generation, with a positive balance of $2.2 billion at the end of June, has given us enhanced flexibility. We were opportunistically able to take advantage of the required sale of OPIS, which we believe will be transformative for the already successful Dow Jones Professional Information Business. Our robust cash position has prompted the Company to actively review our capital allocation policy, with a greater focus on buybacks.

The intrinsic value of our content has been amplified through landmark news payment agreements with major tech platforms. These deals, which are confidential, will add revenue annually into nine figures and are a profoundly positive sign of the ongoing transformation of the news landscape.

I want to express my sincere gratitude to the employees of News Corp, who have navigated these trying times with professionalism and with principle. Their efforts, their creativity and their commitment have built on the Company’s proud foundations and been a catalyst for these particularly impressive results.”
1

The following information was filed by News Corp (NWS) on Thursday, August 5, 2021 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 2021 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
Financial
Revenue
M & A
Other
Filter Subcategory:
All
Income
Debt
Product
Earnings
Geography
Expense
Cash Flow
Shares
Dividend
Other
Inside News Corp's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Comprehensive Loss (Parenthetical)
Consolidated Statements Of Equity
Consolidated Statements Of Operations
Acquisitions, Disposals And Other Transactions
Acquisitions, Disposals And Other Transactions (Tables)
Acquisitions, Disposals And Other Transactions - Additional Information (Detail)
Acquisitions, Disposals And Other Transactions - Assets And Liabilities Disposed Of (Details)
Additional Financial Information
Additional Financial Information (Tables)
Additional Financial Information - Components Of Accumulated Other Comprehensive Loss (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 Statement Of Operations (Detail)
Additional Financial Information - Summary Of Supplemental Cash Flow Information (Detail)
Borrowings
Borrowings (Tables)
Borrowings - Additional Information (Detail)
Borrowings - Schedule Of Borrowings (Detail)
Borrowings - Schedule Of Borrowings Footnotes (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)
Description Of Business And Basis Of Presentation
Earnings (Loss) Per Share
Earnings (Loss) Per Share (Tables)
Earnings (Loss) Per Share - Computation Of Basic And Diluted Earnings (Loss) Per Share (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 Equity-Based Compensation Expense From Continuing Operations (Detail)
Equity-Based Compensation - Summary Of Stock Option Transactions (Detail)
Financial Instruments And Fair Value Measurements
Financial Instruments And Fair Value Measurements (Tables)
Financial Instruments And Fair Value Measurements - Additional Information (Detail)
Financial Instruments And Fair Value Measurements - Schedule Of Fair Value Hedging Relationship By Balance Sheet (Details)
Financial Instruments And Fair Value Measurements - Summary Of Assets And Liabilities Measured At Fair Value On Recurring Basis (Detail)
Financial Instruments And Fair Value Measurements - Summary Of Derivative Instruments Designated As Cash Flow Hedges (Detail)
Financial Instruments And Fair Value Measurements - Summary Of Equity Securities Classified As Level 3 (Detail)
Financial Instruments And Fair Value Measurements - Summary Of Hedges Classified As Current Or Non-Current In Balance Sheets Based On Maturity Dates (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 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 - 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 Income Tax Net Operating Loss Carryforwards (Nols) (Gross, Net Uncertain Tax Benefits) (Detail)
Income Taxes - Summary Of Recognized Deferred Income Taxes In Balance Sheets (Detail)
Investments
Investments (Tables)
Investments - Additional Information (Detail)
Investments - Schedule Of Investments (Detail)
Investments - Schedule Of Total Gains And Losses On Equity Securities (Detail)
Leases
Leases (Tables)
Leases - Additional Information (Detail)
Leases - Schedule Of Additional Information Related To Leases (Detail)
Leases - Schedule Of Future Minimum Lease Payments (Detail)
Leases - Schedule Of Total Lease Cost (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)
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 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 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)
Revenues
Revenues (Tables)
Revenues - Additional Information (Detail)
Revenues - Practical Expedients And Other Revenue Disclosures (Detail)
Revenues - Summary Of Deferred Revenue From Contract With Customers (Detail)
Revenues - Summary Of Disaggregated Revenue By Type And By Segment (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 From Segments To Consolidated (Detail)
Segment Information - Reconciliation Of 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)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Additional Information (Detail)
Stockholders' Equity - Summary Of Dividends Declared Paid Per Share (Detail)
Subsequent Events
Subsequent Events- 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: 0001564708-21-000029
Submitted to the SEC: Tue Aug 10 2021 7:08:23 AM EST
Accepted by the SEC: Tue Aug 10 2021
Period: Wednesday, June 30, 2021
Industry: Newspapers Publishing Or Publishing And Printing

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/nws/0001564708-21-000029.htm