Company: FOX
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001628280-25-024466
Chunk: 10

Company: Fox Corp
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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01 par value per share, 2,000,000,000 shares authorized, 214,961,842 shares and 225,727,598 shares issued and outstanding at par as of March 31, 2025 and June 30, 2024, respectively.(b)Class B Common Stock, $0.01 par value per share, 1,000,000,000 shares authorized, 235,581,025 shares issued and outstanding at par as of March 31, 2025 and June 30, 2024.

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

3

FOX CORPORATION

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

(IN MILLIONS)

For the nine months ended March 31,20252024OPERATING ACTIVITIESNet income$1,574 $1,234 Adjustments to reconcile net income to net cash provided by operating activitiesDepreciation and amortization283 291 Amortization of cable distribution investments9 12 Restructuring, impairment and other corporate matters168 24 Equity-based compensation97 69 Equity losses of affiliates11 — Cash distributions received from affiliates13 — Non-operating other, net(156)(39)Deferred income taxes165 152 Change in operating assets and liabilities, net of acquisitions and dispositionsReceivables and other assets(906)(317)Inventories net of programming payable691 (220)Accounts payable and accrued expenses(26)(178)Other changes, net(112)(87)Net cash provided by operating activities1,811 941 INVESTING ACTIVITIESProperty, plant and equipment(212)(233)Acquisitions, net of cash acquired(91)— Purchase of investments(79)(99)Other investing activities, net(25)8 Net cash used in investing activities(407)(324)FINANCING ACTIVITIESRepayment of borrowings— (1,250)Borrowings— 1,232 Repurchase of shares(750)(750)Dividends paid and distributions(267)(272)Other financing activities, net109 (58)Net cash used in financing activities(908)(1,098)Net increase (decrease) in cash and cash equivalents496 (481)Cash and cash equivalents, beginning of year4,319 4,272 Cash and cash equivalents, end of period$4,