Print Page  |  Close Window

Investor Relations

SEC Filings

10-Q
GRAHAM HOLDINGS CO filed this Form 10-Q on 05/03/2017
Entire Document
 


12. BUSINESS SEGMENTS
The Company has four reportable segments: Kaplan Higher Education, Kaplan Test Preparation, Kaplan International and television broadcasting.
The following table summarizes financial information related to each of the Company's business segments:
  
Three Months Ended March 31
(in thousands)
2017
 
2016
Operating Revenues
  
 
  
Education
$
372,897

 
$
401,076

Television broadcasting
91,496

 
92,018

Other businesses
118,324

 
108,716

Corporate office

 

Intersegment elimination

 
(70
)
  
$
582,717

 
$
601,740

Income (Loss) from Operations
 
 
 
Education
$
9,031

 
$
14,488

Television broadcasting
25,969

 
41,220

Other businesses
(10,564
)
 
(5,730
)
Corporate office
4,618

 
1,894

  
$
29,054

 
$
51,872

Equity in Earnings of Affiliates, Net
649

 
1,004

Interest Expense, Net
(6,766
)
 
(7,357
)
Other Income, Net
849

 
15,096

Income Before Income Taxes
$
23,786

 
$
60,615

Depreciation of Property, Plant and Equipment
 
 
 
Education
$
8,584

 
$
11,103

Television broadcasting
2,594

 
2,377

Other businesses
3,184

 
3,027

Corporate office
290

 
254

  
$
14,652

 
$
16,761

Amortization of Intangible Assets
  

 
  

Education
$
1,120

 
$
1,681

Television broadcasting
902

 
63

Other businesses
4,814

 
4,518

Corporate office

 

  
$
6,836

 
$
6,262

Net Pension (Credit) Expense
  

 
  

Education
$
2,706

 
$
3,109

Television broadcasting
493

 
439

Other businesses
483

 
254

Corporate office
(18,370
)
 
(15,861
)
  
$
(14,688
)
 
$
(12,059
)

Asset information for the Company’s business segments are as follows:
  
As of
(in thousands)
March 31,
2017
 
December 31,
2016
Identifiable Assets
  
 
  
Education
$
1,475,285

 
$
1,479,267

Television broadcasting
445,278

 
336,631

Other businesses
698,908

 
796,935

Corporate office
466,130

 
455,209

  
$
3,085,601

 
$
3,068,042

Investments in Marketable Equity Securities
433,787

 
424,229

Investments in Affiliates
60,287

 
58,806

Prepaid Pension Cost
836,430

 
881,593

Total Assets
$
4,416,105

 
$
4,432,670

  

17