Segment Information (Tables)
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12 Months Ended |
Jun. 30, 2023 |
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| Segment Reporting [Abstract] |
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| Reconciliation of Revenue and Segment EBITDA from Segments to Consolidated |
Segment EBITDA is the primary measure used by the Company’s chief operating decision maker to evaluate the performance of, and allocate resources within, the Company’s businesses. Segment EBITDA provides management, investors and equity analysts with a measure to analyze the operating performance of each of the Company’s business segments and its enterprise value against historical data and competitors’ data, although historical results may not be indicative of future results (as operating performance is highly contingent on many factors, including customer tastes and preferences). | | | | | | | | | | | | | | | | | | | For the fiscal years ended June 30, | | 2023 | | 2022 | | 2021 | | (in millions) | | Revenues: | | | | | | | Digital Real Estate Services | $ | 1,539 | | | $ | 1,741 | | | $ | 1,393 | | | Subscription Video Services | 1,942 | | | 2,026 | | | 2,072 | | | Dow Jones | 2,153 | | | 2,004 | | | 1,702 | | | Book Publishing | 1,979 | | | 2,191 | | | 1,985 | | | News Media | 2,266 | | | 2,423 | | | 2,205 | | | Other | — | | | — | | | 1 | | Total Revenues | $ | 9,879 | | | $ | 10,385 | | | $ | 9,358 | | | Segment EBITDA: | | | | | | | Digital Real Estate Services | $ | 457 | | | $ | 574 | | | $ | 514 | | | Subscription Video Services | 347 | | | 360 | | | 359 | | | Dow Jones | 494 | | | 433 | | | 332 | | | Book Publishing | 167 | | | 306 | | | 303 | | | News Media | 156 | | | 217 | | | 52 | | | Other | (201) | | | (221) | | | (287) | | | Depreciation and amortization | (714) | | | (688) | | | (680) | | Impairment and restructuring charges | (150) | | | (109) | | | (168) | | Equity losses of affiliates | (127) | | | (13) | | | (65) | | | Interest expense, net | (100) | | | (99) | | | (53) | | Other, net | 1 | | | 52 | | | 143 | | | Income before income tax expense | 330 | | | 812 | | | 450 | | | Income tax expense | (143) | | | (52) | | | (61) | | | Net income | $ | 187 | | | $ | 760 | | | $ | 389 | |
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| Reconciliation of Depreciation and Amortization from Segments to Consolidated |
| | | | | | | | | | | | | | | | | | | For the fiscal years ended June 30, | | 2023 | | 2022 | | 2021 | | (in millions) | | Depreciation and amortization: | | | | | | | Digital Real Estate Services | $ | 123 | | | $ | 112 | | | $ | 101 | | | Subscription Video Services | 302 | | | 321 | | | 332 | | | Dow Jones | 152 | | | 119 | | | 119 | | | Book Publishing | 49 | | | 49 | | | 36 | | | News Media | 81 | | | 79 | | | 84 | | | Other | 7 | | | 8 | | | 8 | | | Total Depreciation and amortization | $ | 714 | | | $ | 688 | | | $ | 680 | |
| | | | | | | | | | | | | | | | | | | For the fiscal years ended June 30, | | 2023 | | 2022 | | 2021 | | (in millions) | | Capital expenditures: | | | | | | | Digital Real Estate Services | $ | 130 | | | $ | 109 | | | $ | 78 | | | Subscription Video Services | 156 | | | 193 | | | 142 | | | Dow Jones | 91 | | | 77 | | | 62 | | | Book Publishing | 42 | | | 37 | | | 16 | | | News Media | 79 | | | 81 | | | 84 | | | Other | 1 | | | 2 | | | 8 | | | Total Capital expenditures | $ | 499 | | | $ | 499 | | | $ | 390 | |
| | | | | | | | | | | | | As of June 30, | | 2023 | | 2022 | | (in millions) | | Goodwill and intangible assets, net: | | | | | Digital Real Estate Services | $ | 1,779 | | | $ | 1,823 | | | Subscription Video Services | 1,288 | | | 1,394 | | | Dow Jones | 3,298 | | | 3,346 | | | Book Publishing | 958 | | | 973 | | | News Media | 306 | | | 304 | | | Other | — | | | — | | | Total Goodwill and intangible assets, net | $ | 7,629 | | | $ | 7,840 | |
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| Reconciliation of Assets from Segments to Consolidated |
| | | | | | | | | | | | | As of June 30, | | 2023 | | 2022 | | (in millions) | | Total assets: | | | | | Digital Real Estate Services | $ | 2,942 | | | $ | 2,989 | | | Subscription Video Services | 2,812 | | | 3,082 | | | Dow Jones | 4,305 | | | 4,368 | | | Book Publishing | 2,629 | | | 2,651 | | | News Media | 2,023 | | | 2,115 | | Other(a) | 1,783 | | | 1,528 | | | Investments | 427 | | | 488 | | | Total assets | $ | 16,921 | | | $ | 17,221 | |
________________________ (a)The Other segment primarily includes Cash and cash equivalents.
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| Revenue and Long-Lived Assets by Geographic Region |
Geographic Segments | | | | | | | | | | | | | | | | | | | For the fiscal years ended June 30, | | 2023 | | 2022 | | 2021 | | (in millions) | Revenues:(a) | | | | | | U.S. and Canada(b) | $ | 3,967 | | | $ | 4,097 | | | $ | 3,550 | | Europe(c) | 1,669 | | | 1,808 | | | 1,672 | | Australasia and Other(d) | 4,243 | | | 4,480 | | | 4,136 | | Total Revenues | $ | 9,879 | | | $ | 10,385 | | | $ | 9,358 | |
________________________ (a)Revenues are attributed to region based on location of customer. (b)Revenues include approximately $3.8 billion for fiscal 2023, $4.0 billion for fiscal 2022 and $3.5 billion for fiscal 2021 from customers in the U.S. (c)Revenues include approximately $1.2 billion for fiscal 2023, $1.4 billion for fiscal 2022 and $1.3 billion for fiscal 2021 from customers in the U.K. (d)Revenues include approximately $3.9 billion for fiscal 2023, $4.2 billion for fiscal 2022 and $3.9 billion for fiscal 2021 from customers in Australia. | | | | | | | | | | | | | As of June 30, | | 2023 | | 2022 | | (in millions) | Long-lived assets:(a) | | | | | U.S. and Canada | $ | 1,623 | | | $ | 1,513 | | | Europe | 843 | | | 774 | | | Australasia and Other | 1,953 | | | 2,091 | | Total long-lived assets | $ | 4,419 | | | $ | 4,378 | |
________________________ (a)Reflects total assets less current assets, goodwill, intangible assets, investments and deferred income tax assets.
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