NEWS CORP
For the period ended Jun 30, 2024. Filed Aug 13, 2024.
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FY2024 · Filed Aug 13, 2024
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Consolidated Balance Sheets as of June 30, 202 and
CONSOLIDATED BALANCE SHEETS
(In millions, except share and per share amounts)
| As of June 30, | |||
|---|---|---|---|
| Notes | 2024 | 2023 | |
| Assets: | |||
| Current assets: | |||
| Cash and cash equivalents | $1,960 | $1,833 | |
| Receivables, net | 2 | 1,503 | 1,425 |
| Inventory, net | 296 | 311 | |
| Other current assets | 613 | 484 | |
| Total current assets | 4,372 | 4,053 | |
| Non-current assets: | |||
| Investments | 6 | 430 | 427 |
| Property, plant and equipment, net | 7 | 1,914 | 2,042 |
| Operating lease right-of-use assets | 958 | 1,036 | |
| Intangible assets, net | 8 | 2,322 | 2,489 |
| Goodwill | 8 | 5,186 | 5,140 |
| Deferred income tax assets, net | 19 | 332 | 393 |
| Other non-current assets | 21 | 1,170 | 1,341 |
| Total assets | $16,684 | $16,921 | |
| Liabilities and Equity: | |||
| Current liabilities: | |||
| Accounts payable | $314 | $440 | |
| Accrued expenses | 1,231 | 1,123 | |
| Deferred revenue | 3 | 551 | 622 |
| Current borrowings | 9 | 54 | 27 |
| Other current liabilities | 21 | 905 | 953 |
| Total current liabilities | 3,055 | 3,165 | |
| Non-current liabilities: | |||
| Borrowings | 9 | 2,855 | 2,940 |
| Retirement benefit obligations | 17 | 125 | 134 |
| Deferred income tax liabilities, net | 19 | 119 | 163 |
| Operating lease liabilities | 1,027 | 1,128 | |
| Other non-current liabilities | 492 | 446 | |
| Commitments and contingencies | 16 | ||
| Class A common stock(a) | 4 | 4 | |
| Class B common stock(b) | 2 | 2 | |
| Additional paid-in capital | 11,254 | 11,449 | |
| Accumulated deficit | (1,889) | (2,144) | |
| Accumulated other comprehensive loss | 21 | (1,251) | (1,247) |
| Total News Corporation stockholders’ equity | 8,120 | 8,064 | |
| Noncontrolling interests | 891 | 881 | |
| Total equity | 9,011 | 8,945 | |
| Total liabilities and equity | $16,684 | $16,921 | |
(a)Class A common stock, $0.01 par value per share (“Class A Common Stock”),1,500,000,000 shares authorized,378,670,671 and 379,945,907 shares issued and outstanding, net of 27,368,413 treasury shares at par, at June 30, 2024 and June 30, 2023, respectively.
(b)Class B common stock, $0.01 par value per share (“Class B Common Stock”),750,000,000 shares authorized,190,423,250 and 192,013,909 shares issued and outstanding, net of 78,430,424 treasury shares at par, at June 30, 2024 and June 30, 2023, respectively.
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