Operating

News Corporation·Cash Flow Statement·16 metrics

Breakdown

Metric	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Net cash from operating activities	$254M	$64M	$214M	$511M	$189M	$85M	$231M	$499M
Depreciation and amortization	$115M	$112M	$113M	$114M	$120M	$117M	$118M	$122M
Change in accounts payable	—	-$94M	-$46M	—	-$44M	-$141M	—	$121M
Net income	$71M	$144M	$283M	$137M	$776M	$150M	$242M	$121M
Increase (Decrease) in Accounts Payable and Other Operating Liabilities	—	-$94M	-$46M	—	-$44M	-$141M	—	$121M
Other working capital changes	$34M	-$23M	-$89M	—	-$8M	-$3M	$12M	$22M
Change in income taxes payable/receivable	—	$15M	$65M	$3M	$0	$18M	$44M	$7M
Impairment charges	$20M	$0	$0	$2M	$10M	$5M	$8M	$4M
Asset write-downs	$20M	$0	$0	$2M	$10M	$5M	$8M	$4M
Change in inventories	-$6M	$24M	$7M	$18M	$0	$3M	-$34M	-$1M
Net gains (losses) on investments	-$1M	-$3M	-$8M	$0	-$4M	-$2M	-$2M	-$1M
Equity in earnings (losses) of equity method investees	-$1M	-$3M	-$8M	$0	-$4M	-$2M	-$2M	-$1M
Change in receivables	$82M	$130M	$117M	—	$1M	$77M	$276M	—
Net cash provided by operating activities from discontinued operations	$79M	$39M	$51M	$67M	$0	-$5M	-$1M	—
Net income from discontinued operations	$4M	-$5M	-$23M	$30M	$690M	$0	$0	$0
Increase (Decrease) in Accounts Receivable and Other Operating Assets	$82M	$130M	$117M	—	$1M	$77M	$276M	—