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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 STATEMENT OF INCOME
                   FOR THE FISCAL YEAR ENDED JANUARY 2, 1994
                    (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)


<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
                                          --------------        -----------------------        -----------       --------------

OPERATING REVENUES
<S>                                        <C>                          <C>                   <C>                 <C>
  Advertising                               $  913,529                   $64,861              $                     $978,390
  Circulation and subscriber                   444,385                                                               444,385
  Other                                        140,277                                                               140,277
                                            ----------                ----------             ------------         ----------
                                             1,498,191                    64,861                                   1,563,052
                                            ----------                ----------             ------------         ----------
OPERATING COSTS AND EXPENSES
  Operating                                    790,256                    26,684                                     816,940
  Selling, general and administrative          393,196                     9,492                                     402,688
  Depreciation and amortization                                                                                            
    of property, plant and equipment            59,543                     1,152                   2,964  (e)         63,659
  Amortization of goodwill and                                                                                             
    other intangibles                           16,216                     3,143                  10,917  (f)         30,276
                                            ----------                ----------             ------------         ----------
                                             1,259,211                    40,471                  13,881           1,313,563
                                            ----------                ----------             ------------         ----------

INCOME FROM OPERATIONS                         238,980                    24,390                 (13,881)            249,489

  Equity in losses of affiliates                (1,994)                                                               (1,994)
  Interest income                               11,085                                            (7,919) (g)          3,166
  Interest expense                              (4,983)                                                               (4,983)
  Other income, net                             20,379                        26                     (33)             20,372
                                            ----------                ----------             ------------         ----------

INCOME BEFORE INCOME TAXES AND
  CUMULATIVE EFFECT OF CHANGE
  IN ACCOUNTING PRINCIPLE                      263,467                    24,416                 (21,833)            266,050

PROVISION FOR INCOME TAXES                     109,650                     1,193                     196  (h)        111,039
                                            ----------                ----------             ------------         ----------

INCOME BEFORE CUMULATIVE EFFECT OF
 CHANGE IN ACCOUNTING PRINCIPLE               $153,817                   $23,223                $(22,029)           $155,011
                                            ==========                ==========             ===========          ==========

EARNINGS PER SHARE BEFORE
 CUMULATIVE EFFECT OF CHANGES
 IN ACCOUNTING PRINCIPLE                        $13.10                                                                $13.19
                                            ==========                                                            ==========

AVERAGE NUMBER OF OUTSTANDING SHARES            11,750                                                                11,750

</TABLE>



See accompanying notes to unaudited pro forma financial information.



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