Item 6. SELECTED FINANCIAL DATA

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The selected consolidated and combined financial data should be read in conjunction with “Item 7—Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Item 8—Financial Statements and Supplementary Data” and the other financial information included elsewhere herein.

	For the years ended June 30,
	2020(a)		2019(a)		2018(a)		2017(b)		2016(c)
	(in millions, except per share data)
STATEMENT OF OPERATIONS DATA
Revenues	$	12,303	$	11,389	$	10,153	$	9,921	$	8,894
Net income attributable to Fox Corporation stockholders	$	999	$	1,595	$	2,187	$	1,372	$	1,072
Net income attributable to Fox Corporation stockholders per share - basic(d)	$	1.63	$	2.57	$	3.52	$	2.21	$	1.73
Net income attributable to Fox Corporation stockholders per share - diluted(d)	$	1.62	$	2.57	$	3.52	$	2.21	$	1.73
Cash dividend per share	$	0.46	$	0.23	$	-	$	-	$	-

	As of June 30,
	2020		2019		2018		2017		2016
	(in millions)
BALANCE SHEET DATA
Cash and cash equivalents	$	4,645	$	3,234	$	2,500	$	19	$	37
Total assets		21,750		19,509		13,121		10,348		10,315
Borrowings		7,946		6,751		-		-		-
Fox Corporation stockholders' equity		10,094		9,947		9,594		6,093		6,403

(a)	See Notes 1, 2, 3, 4, 5 and 21 to the accompanying Consolidated and Combined Financial Statements of FOX for information with respect to significant acquisitions, disposals, accounting changes, restructuring charges, programming write-downs and other transactions during fiscal 2020, 2019 and 2018.

(b)	In fiscal 2017, FOX recorded restructuring charges of $160 million primarily related to costs in connection with management and employee transitions and restructuring at the Cable Network Programming segment.

In fiscal 2017, FOX recorded approximately $50 million of costs related to settlements of claims arising out of allegations of sexual harassment and discrimination at the Company’s FOX News business which was included in Other, net in the Combined Statement of Operations for fiscal 2017 (See Note 14—Commitments and Contingencies to the accompanying Consolidated and Combined Financial Statements of FOX under the heading “FOX News”).

(c)	In fiscal 2016, FOX recorded restructuring charges of $55 million primarily related to a voluntary resignation program extended to certain employees across all segments as part of ongoing efforts to transform certain functions and reduce costs.

In fiscal 2016, FOX recorded acquisition related costs of $50 million due to a revision of a contingency estimate related to a previous acquisition which was included in Other, net in the Combined Statement of Operations for fiscal 2016.

In fiscal 2016, 21CF settled a portion of its pension obligations by irrevocably transferring pension liabilities to an insurance company through the purchase of a group annuity contract and through lump sum distributions. This purchase, funded with direct pension plan assets, resulted in a pre-tax settlement loss related to the recognition of accumulated deferred actuarial losses. As a result, FOX recorded a charge of $42 million which was included in Other, net in the Combined Statement of Operations for fiscal 2016.

(d)

On March 19, 2019, the date of the Distribution, 621 million shares of the Company’s Common Stock were distributed to 21CF stockholders (other than holders that were subsidiaries of 21CF). These 621 million shares have been utilized for the calculation of basic and diluted earnings per share for all periods presented that ended prior to the date of the Distribution as no shares of common stock or equity-based awards of the Company were outstanding prior to that date (See Note 2—Summary of Significant Accounting Policies to the accompanying Consolidated and Combined Financial Statements of FOX under the heading “Earnings per share”).

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