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Investor Relations

SEC Filings

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


PART I. FINANCIAL INFORMATION
Item 1. Financial Statements.
GRAHAM HOLDINGS COMPANY
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
  
Three Months Ended 
 March 31
  
(in thousands, except per share amounts)
2017
 
2016
Operating Revenues
  
 
  

Education
$
372,975

 
$
401,006

Advertising
64,116

 
68,158

Other
145,626

 
132,576

  
582,717

 
601,740

Operating Costs and Expenses
 
 
  
Operating
300,666

 
291,632

Selling, general and administrative
231,509

 
235,213

Depreciation of property, plant and equipment
14,652

 
16,761

Amortization of intangible assets
6,836

 
6,262

  
553,663

 
549,868

Income from Operations
29,054

 
51,872

Equity in earnings of affiliates, net
649

 
1,004

Interest income
1,363

 
591

Interest expense
(8,129
)
 
(7,948
)
Other income, net
849

 
15,096

Income Before Income Taxes
23,786

 
60,615

Provision for Income Taxes
2,700

 
22,400

Net Income
21,086

 
38,215

Net Income Attributable to Noncontrolling Interests

 
(435
)
Net Income Attributable to Graham Holdings Company Common Stockholders
$
21,086

 
$
37,780

Per Share Information Attributable to Graham Holdings Company Common Stockholders
  

 
  

Basic net income per common share
$
3.77

 
$
6.63

Basic average number of common shares outstanding
5,535

 
5,623

Diluted net income per common share
$
3.75

 
$
6.59

Diluted average number of common shares outstanding
5,569

 
5,652


See accompanying Notes to Condensed Consolidated Financial Statements.

1