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Investor Relations

SEC Filings

10-Q
GRAHAM HOLDINGS CO filed this Form 10-Q on 08/16/1995
Entire Document
 
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PART I.  FINANCIAL INFORMATION

Item 1.  Financial Statements


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<CAPTION>
The Washington Post Company
Consolidated Statements of Income (Unaudited)
                                                        Thirteen Weeks Ended         Twenty-six Weeks Ended
                                                       ----------------------        ----------------------
                                                       July 2,         July 3,         July 2,      July 3,
(In thousands, except per share amounts)                1995            1994            1995         1994  
                                                      --------        --------        --------     --------
<S>                                                   <C>             <C>             <C>          <C>
Operating revenues
  Advertising                                         $284,954        $261,682        $537,163     $473,877
  Circulation and subscriber                           114,079         110,098         222,546      219,263
  Other                                                 37,961          33,033          78,836       70,127
                                                      --------        --------        --------     --------
                                                       436,994         404,813         838,545      763,267
                                                      --------        --------        --------     --------
Operating costs and expenses
  Operating                                            226,879         216,229         448,037      415,782
  Selling, general and administrative                  106,053          97,160         204,066      186,117
  Depreciation and amortization of
    property, plant and equipment                       16,370          15,360          32,744       30,070
  Amortization of goodwill and other
    intangibles                                          8,956           6,502          16,629       10,533
                                                      --------        --------        --------     --------
                                                       358,258         335,251         701,476      642,502
                                                      --------        --------        --------     --------
Income from operations                                  78,736          69,562         137,069      120,765

Other income (expense)
  Equity in earnings (losses) of affiliates              8,858           2,211           9,630       (3,174)
  Interest income                                        2,032           2,030           4,366        5,595
  Interest expense                                      (1,368)         (1,413)         (2,799)      (2,848)
  Other                                                   (869)              2          13,526        2,606
                                                      --------        --------        --------     --------

Income before income taxes                              87,389          72,392         161,792      122,944
                                                      --------        --------        --------     --------

Provision for income taxes
  Current                                               35,844          31,763          64,343       54,725
  Deferred                                                  31            (628)          2,037       (1,850)
                                                      --------        --------        --------     --------
                                                        35,875          31,135          66,380       52,875
                                                      --------        --------        --------     --------

Net income                                            $ 51,514        $ 41,257        $ 95,412     $ 70,069
                                                      ========        ========        ========     ======== 

Earnings per share                                        4.65            3.54            8.56         5.99
                                                      ========        ========        ========     ======== 

Dividends declared per share                                 -        $      -        $   2.20     $   2.10
                                                      ========        ========        ========     ======== 
Average number of shares outstanding                    11,084          11,667          11,152       11,693
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