Company: FOX
Filing Date: 2025-08-06
Form Type: 10-K
Source: 0001628280-25-038077
Chunk: 120

Company: Fox Corp
Filing Date: 2025-08-06
Form: 10-K
Item: Item 8
Chunk 120
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33 

The accompanying notes are an integral part of these Consolidated Financial Statements.

57

FOX CORPORATION

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(IN MILLIONS)

For the years ended June 30,202520242023Net income$2,293 $1,554 $1,253 Other comprehensive (loss) income, net of tax:Benefit plan adjustments and other(17)42 77 Other comprehensive (loss) income, net of tax(17)42 77 Comprehensive income2,276 1,596 1,330 Less: Net income attributable to noncontrolling interests(a)(30)(53)(14)Comprehensive income attributable to Fox Corporation stockholders$2,246 $1,543 $1,316 (a)Net income attributable to noncontrolling interests includes $(1) million, $(1) million and $(16) million for the fiscal years ended June 30, 2025, 2024 and 2023, respectively, relating to redeemable noncontrolling interests.

The accompanying notes are an integral part of these Consolidated Financial Statements.

58

FOX CORPORATION

CONSOLIDATED BALANCE SHEETS

(IN MILLIONS, EXCEPT SHARE AND PER SHARE AMOUNTS)

As of June 30, 20252024ASSETSCurrent assetsCash and cash equivalents$5,351 $4,319 Receivables, net2,472 2,364 Inventories, net432 626 Other174 192 Total current assets8,429 7,501 Non-current assetsProperty, plant and equipment, net1,705 1,696 Intangible assets, net2,969 3,038 Goodwill3,639 3,544 Deferred tax assets2,721 2,878 Other non-current assets3,732 3,315 Total assets$23,195 $21,972 LIABILITIES AND EQUITYCurrent liabilitiesBorrowings$— $599 Accounts payable, accrued expenses and other current liabilities2,897 2,353 Total current liabilities2,897 2,952 Non-current liabilitiesBorrowings6,602 6,598 Other liabilities1,341 1,366 Redeemable noncontrolling interests288 242 Commitments and contingenciesEquityClass A Common Stock(a)2 2 Class B Common Stock