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Investor Relations

SEC Filings

10-Q
GRAHAM HOLDINGS CO filed this Form 10-Q on 05/18/1994
Entire Document
 
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The Washington Post Company
Consolidated Statements of Cash Flows (Unaudited)

<TABLE>
<CAPTION>
                                                                                     Thirteen Weeks Ended  
                                                                                ------------------------------
                                                                                April 3,              April 4,
(In thousands)                                                                    1994                  1993  
                                                                                --------              --------
<S>                                                                             <C>                  <C>
Cash flows from operating activities:
   Net income                                                                   $  28,812            $  40,105
   Adjustments to reconcile net income to net cash
      provided by operating activities:
   Cumulative effect of change in accounting
      principle                                                                        --              (11,600)
   Depreciation and amortization of property, plant
      and equipment                                                                14,710               14,982
   Amortization of goodwill and other intangibles                                   4,031                4,067
   Amortization of program rights                                                   4,661                4,795
   Provision for doubtful accounts                                                 15,276               14,319
   Increase in interest and income taxes payable                                   17,437               11,047
   Provision for deferred income taxes                                             (1,222)                (391)
   Change in assets and liabilities:
      (Increase) in accounts receivable                                              (937)             (33,879)
      (Increase) in inventories                                                    (4,259)              (1,557)
      (Decrease) in accounts payable and accrued
        liabilities                                                               (11,905)              (8,634)
   Other                                                                            5,202                6,281
                                                                                 --------             --------

      Net cash provided by operating activities                                    71,806               39,535

Cash flows from investing activities:
   Purchases of property, plant and equipment                                     (22,894)             (17,673)
   Purchases of marketable securities                                                  --             (103,965)
   Proceeds from sales of marketable securities                                   182,587              124,200
   Investments in certain businesses                                               (8,750)                  --
   Payments for program rights                                                     (4,526)              (5,361)
   Other                                                                              456                   18
                                                                                 --------             --------

      Net cash provided (used) by investing activities                            146,873               (2,781)

Cash flows from financing activities:
   Dividends paid                                                                 (12,300)             (12,404)
   Common shares repurchased                                                           --              (14,947)
                                                                                 --------             --------  

      Net cash (used) by financing activities                                     (12,300)             (27,351)
                                                                                 --------             --------  

Net increase in cash and cash equivalents                                         206,379                9,403

Beginning cash and cash equivalents                                               171,512               86,840
                                                                                 --------             --------

Ending cash and cash equivalents                                                $ 377,891            $  96,243
                                                                                 ========             ========
</TABLE>


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