Stock Analysis on Net
Stock Analysis on Net

Twenty-First Century Fox Inc. (NASDAQ:FOX)

This company has been moved to the archive! The financial data has not been updated since February 6, 2019.

Common-Size Balance Sheet: Assets
Quarterly Data

Twenty-First Century Fox Inc., common-size consolidated balance sheet: assets (quarterly data)

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Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013 Dec 31, 2012 Sep 30, 2012
Cash and cash equivalents 32.30 12.99 14.16 13.66 10.99 13.26 12.15 10.99 9.21 9.63 9.15 10.14 8.93 12.15 16.84 18.01 19.09 8.51 9.88 9.98 11.91 12.60 13.07 13.61 12.44 20.12
Receivables, net 12.27 13.44 13.23 12.79 14.29 12.72 12.77 14.24 14.19 12.54 12.94 13.72 14.23 12.57 11.81 12.32 12.67 11.61 11.80 11.42 12.06 10.57 10.72 10.42 12.37 11.12
Inventories, net 5.97 6.98 6.82 6.75 5.93 5.49 6.11 6.74 7.13 6.79 6.80 7.15 6.87 6.22 5.49 5.95 6.13 6.19 5.64 6.13 6.22 6.18 5.46 5.08 5.23 4.79
Other 1.09 1.68 1.71 1.37 1.72 1.20 1.07 1.04 1.39 1.73 2.02 0.71 0.80 0.71 0.57 0.71 0.60 1.02 0.73 0.78 1.19 1.85 1.31 1.25 1.43 1.29
Current assets 51.63% 35.09% 35.91% 34.57% 32.92% 32.67% 32.11% 33.02% 31.92% 30.69% 30.91% 31.72% 30.83% 31.65% 34.72% 36.99% 38.49% 27.33% 28.06% 28.30% 31.38% 31.20% 30.56% 30.36% 31.47% 37.31%
Receivables, net 1.30 1.64 1.34 1.36 1.38 1.31 1.07 1.06 1.00 0.96 0.80 0.94 0.85 0.80 0.79 0.81 0.88 0.88 0.83 0.82 0.78 0.85 0.86 0.63 0.72 0.78
Investments 1.26 8.51 7.64 7.88 8.26 7.82 7.69 7.26 7.35 8.05 7.99 8.44 8.43 9.16 9.05 8.62 8.40 6.82 5.22 5.26 6.74 7.17 7.27 9.67 11.86 7.92
Inventories, net 12.34 14.24 13.97 14.82 15.20 15.41 14.69 15.24 15.39 15.21 14.56 14.43 14.17 14.21 12.81 12.48 12.09 12.33 11.76 11.83 11.19 10.79 10.54 7.30 8.01 8.10
Property, plant and equipment, net 2.99 3.58 3.63 3.45 3.48 3.42 3.51 3.34 3.37 3.43 3.50 3.37 3.47 3.47 3.44 3.29 3.26 5.11 5.35 5.32 5.38 5.42 5.55 8.74 9.33 9.77
Intangible assets, net 9.06 11.07 11.33 11.44 11.78 12.09 12.96 12.98 13.48 13.81 14.01 13.62 14.06 13.05 12.63 12.37 12.21 14.31 14.73 15.00 12.32 12.48 9.94 12.16 11.39 11.94
Goodwill 19.36 23.40 23.72 23.70 24.20 24.56 25.22 25.12 25.85 26.20 26.33 25.85 26.44 26.07 25.00 24.28 23.64 32.19 32.95 32.41 31.07 30.73 33.87 29.40 25.30 22.10
Other non-current assets 2.04 2.49 2.45 2.77 2.78 2.72 2.75 1.97 1.65 1.66 1.90 1.63 1.75 1.58 1.57 1.14 1.04 1.03 1.11 1.06 1.14 1.35 1.41 1.73 1.92 2.07
Non-current assets 48.37% 64.91% 64.09% 65.43% 67.08% 67.33% 67.89% 66.98% 68.08% 69.31% 69.09% 68.28% 69.17% 68.35% 65.28% 63.01% 61.51% 72.67% 71.94% 71.70% 68.62% 68.80% 69.44% 69.64% 68.53% 62.69%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-K (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-Q (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-K (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-Q (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-K (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-Q (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30).

The asset composition of the entity exhibited significant volatility over the period from September 2012 to December 2018, transitioning from a non-current asset-heavy structure toward a substantially more liquid position by the end of the observed timeframe.

Liquidity and Current Asset Trends
Cash and cash equivalents remained relatively stable, fluctuating between 8% and 19% for the majority of the period, before surging to a peak of 32.30% in the final quarter of 2018. Total current assets generally adhered to a range of 27% to 38% until a sharp increase to 51.63% occurred in December 2018, driven primarily by the aforementioned spike in cash reserves.
Fixed Asset and Goodwill Depreciation
A consistent downward trend is observed in property, plant and equipment, which fell from 9.77% of total assets in September 2012 to approximately 3% by 2015, remaining at this lower level for the remainder of the period. Goodwill peaked at 33.87% in June 2013 but entered a gradual long-term decline, finishing the period at 19.36%.
Non-Current Asset Dynamics
Non-current assets historically represented the bulk of the balance sheet, consistently exceeding 60% of total assets from 2012 through mid-2018. However, this dominance ended in the final quarter of 2018, where non-current assets dropped to 48.37%. This decline is further evidenced by the precipitous drop in non-current investments, which fell from 8.51% in September 2018 to 1.26% in December 2018.
Intangible and Inventory Patterns
Intangible assets showed moderate fluctuation, ranging between 9% and 15% throughout the period. Non-current inventories exhibited a growth trend, rising from 8.10% in 2012 to a peak of 15.41% in September 2017, before settling at 12.34% by the end of 2018.

The overall analysis indicates a strategic shift in the final quarter of 2018, characterized by a massive reallocation from non-current investments and goodwill toward highly liquid cash equivalents, fundamentally altering the company's asset profile from a long-term investment focus to a high-liquidity position.

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