Print Page  |  Close Window

Investor Relations

SEC Filings

10-Q
GRAHAM HOLDINGS CO filed this Form 10-Q on 08/16/1995
Entire Document
 
<PAGE>   5





                                                                              5.


The Washington Post Company
Consolidated Statements of Cash Flows (Unaudited)

<TABLE>
<CAPTION>
                                                         Twenty-six Weeks Ended 
                                                        ------------------------
                                                           July 2,       July 3,
(In thousands)                                              1995          1994  
                                                         --------       --------
<S>                                                     <C>           <C>
Cash flows from operating activities:
  Net income                                             $ 95,412      $ 70,069
  Adjustments to reconcile net income to net cash
   provided by operating activities:
  Depreciation and amortization of property, plant
   and equipment                                           32,744        30,070
  Amortization of goodwill and other intangibles           16,629        10,533
  Amortization of program rights                           11,657        10,195
  Provision for doubtful accounts                          26,913        29,428
  Gain from sale of business                              (14,253)            -
  Increase (decrease) in interest and income                           
   taxes payable                                            7,891        (1,082)
  Provision for deferred income taxes                       2,037        (1,850)
  Change in assets and liabilities:                                    
   (Increase) in accounts receivable                      (45,938)      (60,837)
   (Increase) in inventories                               (4,966)       (1,784)
   (Decrease) increase in accounts payable and                         
     accrued liabilities                                     (610)       12,556
  (Increase) in other assets and other                                 
    liabilities, net                                       (5,151)            -
  Other                                                    (4,732)        2,565
                                                          -------       -------
                                                                       
     Net cash provided by operating activities            117,633        99,863
                                                                       
Cash flows from investing activities:                                  
  Net proceeds from sale of business                       32,743             -
  Purchases of property, plant and equipment              (81,971)      (44,108)
  Purchases of marketable securities                      (43,116)      (14,657)
  Proceeds from sales of marketable securities             58,498       256,617
  Investments in certain businesses                             -      (284,207)
  Payments for program rights                              (6,571)       (9,867)
  Other                                                        85           405
                                                          -------       -------
                                                                       
     Net cash (used) by investing activities              (40,332)      (95,817)
                                                                       
Cash flows from financing activities:                                  
  Principal payments on debt                                    -        (1,400)
  Dividends paid                                          (24,680)      (24,598)
  Common shares repurchased                               (79,580)      (52,303)
                                                           -------      ------- 
                                                                       
   Net cash (used) by financing activities               (104,260)      (78,301)
                                                          -------       ------- 
Net (decrease) in cash and cash                               
 equivalents                                              (26,959)      (74,255)
                                                                       
Beginning cash and cash equivalents                       117,269       171,512
                                                          -------       -------
                                                                       
Ending cash and cash equivalents                         $ 90,310      $ 97,257
                                                          =======       =======
</TABLE>