Company: FOX
Filing Date: 2025-08-06
Form Type: 10-K
Source: 0001628280-25-038077
Chunk: 121

Company: Fox Corp
Filing Date: 2025-08-06
Form: 10-K
Item: Item 8
Chunk 121
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(b)2 2 Additional paid-in capital7,603 7,678 Retained earnings4,479 3,139 Accumulated other comprehensive loss(124)(107)Total Fox Corporation stockholders’ equity11,962 10,714 Noncontrolling interests105 100 Total equity12,067 10,814 Total liabilities and equity$23,195 $21,972 (a)Class A Common Stock, $0.01 par value per share, 2,000,000,000 shares authorized, 210,754,900 shares and 225,727,598 shares issued and outstanding at par as of June 30, 2025 and 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 June 30, 2025 and 2024.

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

59

FOX CORPORATION 

CONSOLIDATED STATEMENTS OF CASH FLOWS

(IN MILLIONS)

For the years ended June 30, 202520242023OPERATING ACTIVITIES   Net income$2,293 $1,554 $1,253 Adjustments to reconcile net income to net cash provided by operating activitiesDepreciation and amortization385 389 411 Amortization of cable distribution investments10 16 16 Restructuring, impairment and other corporate matters267 67 367 Equity-based compensation135 90 74 Equity losses (earnings) of affiliates29 44 (4)Cash distributions received from affiliates13 — — Non-operating other, net(438)47 (368)Deferred income taxes164 203 321 Change in operating assets and liabilities, net of acquisitions and dispositionsReceivables and other assets(95)(172)(104)Inventories net of programming payable521 (303)145 Accounts payable and accrued expenses89 (1)(68)Other changes, net(49)(94)(243)Net cash provided by operating activities3,324 1,840 1,800 INVESTING ACTIVITIESProperty, plant and equipment(331)(345)(357)Acquisitions, net of cash acquired(97)— — Purchase of investments(79)(103)(54)Other