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SEC Filings

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


GRAHAM HOLDINGS COMPANY
CONDENSED CONSOLIDATED BALANCE SHEETS
 
As of
(in thousands)
March 31,
2017
 
December 31,
2016
  
(Unaudited)
 
  
Assets
  
 
  
Current Assets
  
 
  
Cash and cash equivalents
$
632,787

 
$
648,885

Restricted cash
24,555

 
21,931

Investments in marketable equity securities and other investments
456,558

 
448,241

Accounts receivable, net
493,804

 
615,101

Income taxes receivable
47,734

 
41,635

Inventories and contracts in progress
35,736

 
34,818

Other current assets
68,717

 
60,735

Total Current Assets
1,759,891

 
1,871,346

Property, Plant and Equipment, Net
243,330

 
233,664

Investments in Affiliates
60,287

 
58,806

Goodwill, Net
1,179,431

 
1,122,954

Indefinite-Lived Intangible Assets, Net
93,203

 
66,026

Amortized Intangible Assets, Net
153,924

 
107,939

Prepaid Pension Cost
836,430

 
881,593

Deferred Income Taxes
15,818

 
17,246

Deferred Charges and Other Assets
73,791

 
73,096

Total Assets
$
4,416,105

 
$
4,432,670

 
 
 
 
Liabilities and Equity
  

 
  

Current Liabilities
  

 
  

Accounts payable and accrued liabilities
$
444,677

 
$
500,726

Deferred revenue
321,058

 
312,107

Current portion of long-term debt
6,158

 
6,128

Dividends declared
7,100

 

Total Current Liabilities
778,993

 
818,961

Postretirement Benefits Other Than Pensions
22,270

 
21,859

Accrued Compensation and Related Benefits
193,060

 
195,910

Other Liabilities
67,850

 
65,554

Deferred Income Taxes
373,534

 
379,092

Mandatorily Redeemable Noncontrolling Interest
12,584

 
12,584

Long-Term Debt
487,186

 
485,719

Total Liabilities
1,935,477

 
1,979,679

Redeemable Noncontrolling Interest
50

 
50

Preferred Stock

 

Common Stockholders’ Equity
  

 
  

Common stock
20,000

 
20,000

Capital in excess of par value
363,361

 
364,363

Retained earnings
5,595,826

 
5,588,942

Accumulated other comprehensive income (loss), net of tax
 
 
  

Cumulative foreign currency translation adjustment
(13,330
)
 
(26,998
)
Unrealized gain on available-for-sale securities
98,666

 
92,931

Unrealized gain on pensions and other postretirement plans
169,808

 
170,830

Cash flow hedge
(376
)
 
(277
)
Cost of Class B common stock held in treasury
(3,753,377
)
 
(3,756,850
)
Total Equity
2,480,578

 
2,452,941

Total Liabilities and Equity
$
4,416,105

 
$
4,432,670


See accompanying Notes to Condensed Consolidated Financial Statements.

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