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Investor Relations

SEC Filings

8-K
GRAHAM HOLDINGS CO filed this Form 8-K on 05/03/2017
Entire Document
 


GRAHAM HOLDINGS COMPANY
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
 
 
 
  
Three Months Ended
  
  
March 31
%
(in thousands, except per share amounts)
2017
 
2016
Change
Operating revenues
$
582,717

 
$
601,740

(3
)
Operating expenses
532,175

 
526,845

1

Depreciation of property, plant and equipment
14,652

 
16,761

(13
)
Amortization of intangible assets
6,836

 
6,262

9

Operating income
29,054

 
51,872

(44
)
Equity in earnings of affiliates, net
649

 
1,004

(35
)
Interest income
1,363

 
591


Interest expense
(8,129
)
 
(7,948
)
2

Other income, net
849

 
15,096

(94
)
Income before income taxes
23,786

 
60,615

(61
)
Provision for income taxes
2,700

 
22,400

(88
)
Net income
21,086

 
38,215

(45
)
Net income attributable to noncontrolling interests

 
(435
)

Net Income Attributable to Graham Holdings Company Common Stockholders
$
21,086

 
$
37,780

(44
)
Per Share Information Attributable to Graham Holdings Company Common Stockholders
 
 
 
 
Basic net income per common share
$
3.77

 
$
6.63

(43
)
Basic average number of common shares outstanding
5,535

 
5,623

 
Diluted net income per common share
$
3.75

 
$
6.59

(43
)
Diluted average number of common shares outstanding
5,569

 
5,652

 

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