Company: FOX
Filing Date: 2025-02-04
Form Type: 10-Q
Source: 0001628280-25-003592
Chunk: 29

Company: Fox Corp
Filing Date: 2025-02-04
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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30,2024 (in millions)Investments(a)$1,517 $1,129 Inventories, net894 712 Operating lease assets872 904 Grantor Trust233 247 Other306 323 Total other non-current assets$3,822 $3,315 (a)Includes investments accounted for at fair value on a recurring basis of $1.13 billion and $797 million as of December 31, 2024 and June 30, 2024, respectively (See Note 4—Fair Value).

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FOX CORPORATIONNOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

Accounts Payable, Accrued Expenses and Other Current LiabilitiesThe following table sets forth the components of Accounts payable, accrued expenses and other current liabilities included in the Balance Sheets:As ofDecember 31,2024As ofJune 30,2024(in millions)Programming payable$983 $683 Accrued expenses974 1,006 Deferred revenue236 180 Operating lease liabilities70 76 Other current liabilities434 408 Total accounts payable, accrued expenses and other current liabilities$2,697 $2,353 Other LiabilitiesThe following table sets forth the components of Other liabilities included in the Balance Sheets:As ofDecember 31,2024As ofJune 30,2024(in millions)Non-current operating lease liabilities$852 $879 Accrued non-current pension/postretirement liabilities259 276 Other non-current liabilities203 211 Total other liabilities$1,314 $1,366 Future Performance ObligationsAs of December 31, 2024, approximately $5 billion of revenues are expected to be recognized primarily over the next one to three years. The Company’s most significant remaining performance obligations relate to affiliate contracts, content licensing contracts with fixed fees and sports advertising contracts. The amount disclosed does not include (i) revenues related to performance obligations that are part of a contract whose original expected duration is one year or less, (ii) revenues that are in the form of sales- or usage-based royalties and (iii) revenues related to performance obligations for which the Company elects to recognize revenue in the amount it has a right to invoice.Supplemental InformationFor the six months ended December 31, 20242023 (in millions) Supplemental cash flows informationCash paid for interest$(217)$(187)Cash paid for income taxes$(222)$(91)

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