Fox Corp (FOX) [Rocket]

In millions, except per share items	Jun-30-23	Jun-30-22	Jun-30-21	Jun-30-20	Jun-30-19	Jun-30-18	Jun-30-17
	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Cable Network Programming	6,043	6,097	5,683	5,492
Other, Corporate and Eliminations	160	192	178	150
Television Segment					5,979	5,106	5,600
Cable Network Programming Segment					5,381	5,049	4,323
Other	8,710	7,685	7,048	6,661	29
Total revenues	14,913	13,974	12,909	12,303	11,389	10,153	9,921
Revenue growth [+]	6.7%	8.3%	4.9%	8.0%	12.2%	2.3%
Cable Network Programming	-0.9%	7.3%	3.5%
Other, Corporate and Eliminations	-16.7%	7.9%	18.7%
Television Segment					17.1%	-8.8%
Cable Network Programming Segment					6.6%	16.8%
Cost of goods sold	9,689	9,117	8,037	7,807	7,327	6,505	6,100
Gross profit	5,224	4,857	4,872	4,496	4,062	3,648	3,821
Gross margin	35.0%	34.8%	37.7%	36.5%	35.7%	35.9%	38.5%
Selling, general and administrative	2,049	1,920	1,807	1,741	1,419	1,209	1,092
Other operating expenses	-111		-35	-451	-26	-16
EBITDA [+]	3,286	2,937	3,100	3,206	2,669	2,455	2,729
EBITDA growth	11.9%	-5.3%	-3.3%	20.1%	8.7%	-10.0%
EBITDA margin	22.0%	21.0%	24.0%	26.1%	23.4%	24.2%	27.5%
Depreciation	337	297	237	222	197	157	154
EBITA	2,949	2,640	2,863	2,984	2,472	2,298	2,575
EBITA margin	19.8%	18.9%	22.2%	24.3%	21.7%	22.6%	26.0%
Amortization of intangibles	74	66	63	36	15	14	15
EBIT [+]	2,875	2,574	2,800	2,948	2,457	2,284	2,560
EBIT growth	11.7%	-8.1%	-5.0%	20.0%	7.6%	-10.8%
EBIT margin	19.3%	18.4%	21.7%	24.0%	21.6%	22.5%	25.8%
Non-recurring items [+]	222		70	902	52	32	165
Asset impairment	111		35	451	26	16	165
Interest expense, net [+]	218	371	391	334	162	43	23
Interest expense	218	371	391	334	203	43	23
Interest income					41
Other income (expense), net	-699	-509	579	-248	-19	-39	-131
Pre-tax income	1,736	1,694	2,918	1,464	2,224	2,170	2,241
Income taxes	483	461	717	402	581	-58	832
Tax rate	27.8%	27.2%	24.6%	27.5%	26.1%		37.1%
Minority interest	-14	-28	-51	-63	-48	-41	-37
Net income	1,239	1,205	2,150	999	1,595	2,187	1,372
Net margin	8.3%	8.6%	16.7%	8.1%	14.0%	21.5%	13.8%

Basic EPS [+]	$2.33	$2.11	$3.61	$1.62	$2.57	$3.52	$2.21
Growth	10.4%	-41.5%	122.8%	-36.9%	-27.1%	59.4%
Diluted EPS [+]	$2.33	$2.11	$3.61	$1.62	$2.57	$3.52	$2.21
Growth	10.4%	-41.5%	122.8%	-36.9%	-27.1%	59.4%

Dividends per share [+]	$0.56	$0.54	$0.55	$0.54	$0.30	$0.07	$0.06
Growth	4.5%	-2.9%	2.0%	79.6%	358.5%	17.1%

Shares outstanding (basic) [+]	531	570	595	616	621	621	621
Growth	-6.8%	-4.2%	-3.4%	-0.8%	0.0%	0.0%
Shares outstanding (diluted) [+]	531	570	595	616	621	621	621
Growth	-6.8%	-4.2%	-3.4%	-0.8%	0.0%	0.0%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.