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8-K
GRAHAM HOLDINGS CO filed this Form 8-K on 05/06/1994
Entire Document
 
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                          THE WASHINGTON POST COMPANY
                  UNAUDITED PRO FORMA CONDENSED BALANCE SHEET
                             AS OF JANUARY 2, 1994
                                 (IN THOUSANDS)


<TABLE>
<CAPTION>

                                                                KPRC & KSAT TV STATIONS                             PRO FORMA
                                          THE WASHINGTON         (BUSINESS UNITS OF H&C         PRO FORMA        THE WASHINGTON
                                           POST COMPANY          COMMUNICATIONS, INC.)         ADJUSTMENTS        POST COMPANY
                                          --------------         ----------------------        -----------       --------------

ASSETS
<S>                                     <C>                         <C>                   <C>                  <C>
CURRENT ASSETS
 Cash and marketable securities               $429,924                      $616               $(253,616) (a)       $176,924
 Accounts receivable, net                      140,518                    14,902                 (14,902) (b)        140,518
 Inventories                                    16,419                                                                16,419
 Program rights                                 15,460                     2,644                     371  (c)         18,475
 Other current assets                           23,253                       965                    (965) (b)         23,253
                                            ----------                ----------             -----------          ----------
                                               625,574                    19,127                (269,112)            375,589

INVESTMENTS IN AFFILIATES                      155,251                                                               155,251
PROPERTY, PLANT AND EQUIPMENT, NET             363,718                     8,717                   30,592 (c)        403,027
GOODWILL AND OTHER INTANGIBLES, NET            309,157                    89,324                  121,583 (c)        520,064
DEFERRED CHARGES AND OTHER ASSETS              168,804                     2,455                    1,445 (c)        172,704
                                            ----------                ----------             ------------         ----------
                                            $1,622,504                  $119,623                $(115,492)        $1,626,635
                                            ==========                ==========             ============         ==========

LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
 Accounts payable and accrued liabilities     $163,553                    $7,292                 $(3,798) (b,c)     $167,047
 Federal and state income taxes                 15,726                                                                15,726
 Deferred subscription revenue                  79,254                                                                79,254
                                            ----------                ----------             -----------          ----------
                                               258,533                     7,292                  (3,798)            262,027

OTHER LIABILITIES                              191,088                       522                     115  (c)        191,725

LONG-TERM DEBT                                  51,768                                                                51,768

DEFERRED INCOME TAXES                           33,696                                                                33,696
                                            ----------                ----------             -----------          ----------
                                               535,085                     7,814                  (3,683)            539,216
                                            ----------                ----------             -----------          ----------

SHAREHOLDERS' EQUITY
 Common stock                                   20,000                                                                20,000
 Capital in excess of par value                 21,354                                                                21,354
 Retained earnings                           1,570,546                                                             1,570,546
 Cumulative foreign currency
   translation adjustment                        2,908                                                                 2,908
 Treasury stock                               (527,389)                                                             (527,389)
 H&C Communications, Inc. investment                                     111,809                (111,809)(d)               
                                            ----------                ----------             -----------          ----------
                                             1,087,419                   111,809                (111,809)          1,087,419
                                            ----------                ----------             -----------          ----------
                                            $1,622,504                  $119,623               $(115,492)         $1,626,635
                                            ==========                ==========             ===========          ==========

</TABLE>


See accompanying notes to unaudited pro forma financial information.

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