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Investor Relations

SEC Filings

8-K
GRAHAM HOLDINGS CO filed this Form 8-K on 08/02/2017
Entire Document
 


GRAHAM HOLDINGS COMPANY
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
 
 
 
  
Three Months Ended
  
  
June 30
%
(in thousands, except per share amounts)
2017
 
2016
Change
Operating revenues
$
676,087

 
$
628,933

7

Operating expenses
572,100

 
532,470

7

Depreciation of property, plant and equipment
15,871

 
16,045

(1
)
Amortization of intangible assets
10,531

 
6,278

68

Impairment of goodwill and other long-lived assets
9,224

 


Operating income
68,361

 
74,140

(8
)
Equity in earnings (losses) of affiliates, net
1,331

 
(891
)

Interest income
1,173

 
721

63

Interest expense
(9,035
)
 
(7,971
)
13

Other income, net
4,069

 
19,000

(79
)
Income before income taxes
65,899

 
84,999

(22
)
Provision for income taxes
23,900

 
23,800


Net income
41,999

 
61,199

(31
)
Net income attributable to noncontrolling interests
(3
)
 
(433
)
(99
)
Net Income Attributable to Graham Holdings Company Common Stockholders
$
41,996

 
$
60,766

(31
)
Per Share Information Attributable to Graham Holdings Company Common Stockholders
 
 
 
 
Basic net income per common share
$
7.51

 
$
10.82

(31
)
Basic average number of common shares outstanding
5,539

 
5,544

 
Diluted net income per common share
$
7.46

 
$
10.76

(31
)
Diluted average number of common shares outstanding
5,577

 
5,574

 

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