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Investor Relations

SEC Filings

10-Q
GRAHAM HOLDINGS CO filed this Form 10-Q on 11/15/1995
Entire Document
 
<PAGE>   3
                                                                              3.


PART I.  FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

The Washington Post Company
Consolidated Statements of Income (Unaudited)

<TABLE>
<CAPTION>
                                                              Thirteen Weeks Ended             Thirty-nine Weeks Ended
                                                            -------------------------         --------------------------
                                                             Oct. 1,          Oct. 2,          Oct. 1,           Oct. 2,
(In thousands, except per share amounts)                      1995             1994             1995              1994  
                                                            --------         --------         --------          --------
<S>                                                           <C>              <C>            <C>              <C>
Operating revenues
   Advertising                                                $250,011         $245,042       $  787,175       $  718,920
   Circulation and subscriber                                  113,355          107,522          335,900          326,784
   Other                                                        54,553           47,262          133,389          117,390
                                                              --------          -------        ---------        ---------
                                                               417,919          399,826        1,256,464        1,163,094
                                                              --------          -------        ---------        ---------
Operating costs and expenses
   Operating                                                   240,912          215,295          688,949          631,078
   Selling, general and administrative                          96,606           95,045          300,672          281,162
   Depreciation and amortization of     
     property, plant and equipment                              16,379           15,663           49,123           45,733
   Amortization of goodwill and other   
     intangibles                                                 8,315            7,570           24,944           18,103
                                                              --------          -------        ---------        ---------
                                                               362,212          333,573        1,063,688          976,076
                                                              --------          -------        ---------        ---------
Income from operations                                          55,707           66,253          192,776          187,018

Other income (expense)
   Equity in earnings of affiliates                              6,268           11,091           15,898            7,917
   Interest income                                               1,860            1,427            6,226            7,022
   Interest expense                                             (1,388)          (1,332)          (4,187)          (4,180)
   Other                                                           716              508           14,242            3,114
                                                              --------          -------        ---------        ---------

Income before income taxes                                      63,163           77,947          224,955          200,891
                                                              --------          -------        ---------        ---------

Provision for income taxes
   Current                                                      32,134           31,165           96,477           85,891
   Deferred                                                    (10,764)            (670)          (8,727)          (2,521)
                                                              --------          -------        ---------        --------- 
                                                                21,370           30,495           87,750           83,370
                                                              --------          -------        ---------        ---------

Net income                                                    $ 41,793         $ 47,452       $  137,205       $  117,521
                                                              ========         ========       ==========       ==========

Earnings per share                                             $  3.79         $   4.13         $  12.35        $   10.11
                                                               =======         ========         ========        =========

Dividends declared per share                                   $  2.20         $   2.10         $   4.40        $    4.20
                                                               =======         ========         ========        =========

Average number of shares outstanding                            11,019           11,492           11,108           11,627
</TABLE>