Selected Financial Data

The selected consolidated financial data should be read in conjunction with "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Financial Statements and Supplementary Data" and the other financial information included elsewhere herein.

For the years ended June 30, 2011(1) 2010(1) 2009(1) 2008(2) 2007(2)
(in millions, except per share data)
 
Statement of Operations Data:
Revenues
$ 33,405
$ 32,778
$ 30,423
$ 32,996
$ 28,655
Income (loss) from continuing operations attributable
to News Corporation stockholders
 
2,993
 
2,539
 
(3,378)
 
5,387
 
3,426
Net income (loss) attributable to News Corporation
stockholders
 
2,739
 
2,539
 
(3,378)
 
5,387
 
3,426
Basic income (loss) from continuing operations attributable
to News Corporation stockholders per share:(4)
Class A
Class B
 
$ 1.14
 
$ 0.97
 
$ (1.29)
 
$ 1.82
 
 
$ 1.14
$ 0.95
Diluted income (loss) from continuing operations attributable
to News Corporation stockholders per share:(4)
Class A
Class B
 
$ 1.14
 
$ 0.97
 
$ (1.29)
 
$ 1.81
 
 
$ 1.14
$ 0.95
Basic income (loss) attributable to News Corporation
stockholders per share:(4)
Class A
Class B
 
$ 1.04
 
$ 0.97
 
$ (1.29)
 
$ 1.82
 
 
$ 1.14
$ 0.95
Diluted income (loss) attributable to News Corporation
stockholders per share:(4)
Class A
Class B
 
$ 1.04
 
$ 0.97
 
$ (1.29)
 
$ 1.81
 
 
$ 1.14
$ 0.95
Cash dividend per share:(4)(5)
Class A
Class B
$ 0.150
$ 0.135
$ 0.120
 
$ 0.120
$ 0.110
 
$ 0.120
$ 0.100
 
As of June 30, 2011 2010 2009 2008 2007
(in millions)
 
Balance Sheet Data:
Cash and cash equivalents
$ 12,680
$ 8,709
$ 6,540
$ 4,662
$ 7,654
Total assets
61,980
54,384
53,121
62,308
62,343
Borrowings
15,495
13,320
14,289
13,511
12,502

(1) See Notes 2, 3, 4, 6 and 9 to the Consolidated Financial Statements of News Corporation for information with respect to significant acquisitions, disposals, changes in accounting, impairment charges, restructuring charges and other transactions during fiscal 2011, 2010 and 2009.
(2) Fiscal 2008 results included the Company's acquisition of Dow Jones for consideration of approximately $5.7 billion. The consideration consisted of approximately $5.2 billion in cash, assumed net debt of $330 million and $200 million in equity instruments. In addition, fiscal 2008 results included the share exchange agreement with Liberty Media Corporation ("Liberty"). Liberty exchanged its entire interest in the Company's common stock in exchange for the Company's entire interest in The DIRECTV Group, Inc. ("DIRECTV"), three of the Company's Regional Sports Networks and approximately $625 million cash resulting in a tax-free gain of approximately $1.7 billion.
(3) Fiscal 2007 results included the disposal of the Company's investment in SKY Brasil to DIRECTV resulting in a total pretax gain of $426 million of which $261 million was recognized in fiscal 2007. The remaining $165 million was realized when the Company's interest in DIRECTV was disposed of in fiscal 2008.
(4) Shares of the Class A Common Stock carried rights to a greater dividend than shares of the Class B Common Stock through fiscal 2007. As such, for the periods through fiscal 2007, net income available to the Company's stockholders was allocated between shares of Class A Common Stock and Class B Common Stock. The allocation between these classes of common stock was based upon the two-class method. Subsequent to the final fiscal 2007 dividend payment, shares of Class A Common Stock ceased to carry any rights to a greater dividend than shares of Class B Common Stock.
(5) The Company's Board of Directors (the "Board") currently declares an interim and final dividend each fiscal year. The final dividend is determined by the Board subsequent to the fiscal year end. The total dividend declared related to fiscal 2011 results was $0.17 per share of Class A Common Stock and Class B Common Stock. The total dividend declared related to fiscal 2010 results was $0.15 per share of Class A Common Stock and Class B Common Stock.