Exhibit 99.2
NEWS CORPORATION
SUPPLEMENTAL QUARTERLY DATA
FOR THE YEAR ENDED JUNE 30, 2004
(IN MILLIONS)
News Corporation is filing in this Current Report on Form 8-K its financial results for the quarters ended September 30, 2003, December 31, 2003, March 31, 2004 and June 30, 2004 in accordance with United States generally accepted accounting principles (“GAAP”).
This information is provided solely for the convenience of our shareholders and should be read in conjunction with the audited consolidated financial statements and notes thereto included in this Current Report on Form 8-K. Certain quarterly amounts have been reclassified to conform to fiscal year ended June 30, 2004 presentation.
NEWS CORPORATION
SUPPLEMENTAL QUARTERLY DATA
FOR THE YEAR ENDED JUNE 30, 2004
(IN MILLIONS)
(UNAUDITED) | ||||||||||||||||||||
For the three months ended | Year ended | |||||||||||||||||||
Consolidated data: | September 30, 2003 | December 31, 2003 | March 31, 2004 | June 30, 2004 | June 30, 2004 | |||||||||||||||
Revenues | $ | 4,615 | $ | 5,553 | $ | 5,164 | $ | 5,470 | $ | 20,802 | ||||||||||
Expenses: | ||||||||||||||||||||
Operating | 3,017 | 3,867 | 3,384 | 3,674 | 13,942 | |||||||||||||||
Selling, general and administrative | 792 | 771 | 816 | 985 | 3,364 | |||||||||||||||
Depreciation and amortization | 134 | 145 | 149 | 137 | 565 | |||||||||||||||
Operating income | 672 | 770 | 815 | 674 | 2,931 | |||||||||||||||
Other (Expense) Income: | ||||||||||||||||||||
Interest expense, net | (133 | ) | (131 | ) | (136 | ) | (132 | ) | (532 | ) | ||||||||||
Equity earnings (losses) of affiliates, net | 48 | (31 | ) | 71 | 82 | 170 | ||||||||||||||
Other, net | 206 | (186 | ) | 14 | 152 | 186 | ||||||||||||||
Income before income tax expense and minority interest in subsidiaries | 793 | 422 | 764 | 776 | 2,755 | |||||||||||||||
Income tax expense | (282 | ) | (161 | ) | (282 | ) | (289 | ) | (1,014 | ) | ||||||||||
Minority interest in subsidiaries, net of tax | (56 | ) | (46 | ) | (48 | ) | (58 | ) | (208 | ) | ||||||||||
Net income | $ | 455 | $ | 215 | $ | 434 | $ | 429 | $ | 1,533 | ||||||||||
Segment data: | ||||||||||||||||||||
Revenues: | ||||||||||||||||||||
Filmed Entertainment | $ | 1,248 | $ | 1,377 | $ | 1,184 | $ | 1,378 | $ | 5,187 | ||||||||||
Television | 1,011 | 1,555 | 1,182 | 1,279 | 5,027 | |||||||||||||||
Cable Network Programming | 596 | 565 | 580 | 668 | 2,409 | |||||||||||||||
Direct Broadcast Satellite Television | 264 | 421 | 494 | 486 | 1,665 | |||||||||||||||
Magazines & Inserts | 222 | 229 | 278 | 250 | 979 | |||||||||||||||
Newspapers | 739 | 858 | 914 | 914 | 3,425 | |||||||||||||||
Book Publishing | 347 | 341 | 321 | 267 | 1,276 | |||||||||||||||
Other | 188 | 207 | 211 | 228 | 834 | |||||||||||||||
Total revenues | $ | 4,615 | $ | 5,553 | $ | 5,164 | $ | 5,470 | $ | 20,802 | ||||||||||
Operating income (loss): | ||||||||||||||||||||
Filmed Entertainment | $ | 332 | $ | 260 | $ | 218 | $ | 95 | $ | 905 | ||||||||||
Television | 180 | 159 | 260 | 351 | 950 | |||||||||||||||
Cable Network Programming | 102 | 155 | 111 | 120 | 488 | |||||||||||||||
Direct Broadcast Satellite Television | (123 | ) | (104 | ) | (24 | ) | (26 | ) | (277 | ) | ||||||||||
Magazines & Inserts | 58 | 63 | 84 | 66 | 271 | |||||||||||||||
Newspapers | 102 | 170 | 176 | 117 | 565 | |||||||||||||||
Book Publishing | 59 | 57 | 36 | 5 | 157 | |||||||||||||||
Other | (38 | ) | 10 | (46 | ) | (54 | ) | (128 | ) | |||||||||||
Total operating income | $ | 672 | $ | 770 | $ | 815 | $ | 674 | $ | 2,931 | ||||||||||