Operating

Fox Corporation·Cash Flow Statement·20 metrics

Breakdown

Metric	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Net income	$320M	$832M	$388M	$354M	$719M	$609M	$247M	$175M
Depreciation and amortization	$98M	$91M	$97M	$95M	$102M	$98M	$100M	$101M
Share of Profits (Losses) of Related Party	-$44M	$3M	$4M	-$18M	-$18M	-$1M	$3M	-$20M
Equity in income of investees	-$44M	$3M	$4M	-$18M	-$18M	-$1M	$3M	-$20M
Income (Loss) from Equity Method Investments	-$44M	$3M	$4M	-$18M	-$18M	-$1M	$3M	-$20M
Income (Loss) from Equity Method Investments	-$44M	$3M	$4M	-$18M	-$18M	-$1M	$3M	-$20M
Income (Loss) from Equity Method Investments	-$44M	$3M	$4M	-$18M	-$18M	-$1M	$3M	-$20M
Equity in earnings (losses) of equity method investees	-$44M	$3M	$4M	-$18M	-$18M	-$1M	$3M	-$20M
Income (Loss) from Equity Method Investments	-$44M	$3M	$4M	-$18M	-$18M	-$1M	$3M	-$20M
Change in accounts payable	—	-$110M	—	—	$115M	-$132M	—	—
Other working capital changes	$70M	$26M	—	$162M	—	-$8M	—	—
Change in receivables	—	$393M	$780M	—	—	$437M	—	—
Deferred income taxes	$51M	$103M	—	$65M	—	$90M	—	—
Distributions from equity method investments	$0	—	—	$13M	—	—	—	—
Net cash from operating activities	$899M	$158M	-$957M	$2.6B	$1.5B	-$130M	—	—
Distributions of earnings from equity method investees	$0	—	—	$13M	—	—	—	—
Increase (Decrease) in Accounts Payable and Other Operating Liabilities	—	-$110M	—	—	$115M	-$132M	—	—
Increase (Decrease) in Accounts Receivable and Other Operating Assets	—	$393M	$780M	—	—	$437M	—	—
Inventories Net Of Programming Payable	$83M	$303M	$634M	-$1.6B	—	$525M	—	—
Stock-based compensation	$21M	$34M	$26M	$37M	$38M	$28M	—	—