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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)
  
 
 
 
  
Six Months Ended
  
  
June 30
%
(in thousands, except per share amounts)
2017
 
2016
Change
Operating revenues
$
1,258,804

 
$
1,230,673

2

Operating expenses
1,104,275

 
1,059,315

4

Depreciation of property, plant and equipment
30,523

 
32,806

(7
)
Amortization of intangible assets
17,367

 
12,540

38

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

 


Operating income
97,415

 
126,012

(23
)
Equity in earnings of affiliates, net
1,980

 
113


Interest income
2,536

 
1,312

93

Interest expense
(17,164
)
 
(15,919
)
8

Other income, net
4,918

 
34,096

(86
)
Income before income taxes
89,685

 
145,614

(38
)
Provision for income taxes
26,600

 
46,200

(42
)
Net income
63,085

 
99,414

(37
)
Net income attributable to noncontrolling interests
(3
)
 
(868
)

Net Income Attributable to Graham Holdings Company Common Stockholders
$
63,082

 
$
98,546

(36
)
Per Share Information Attributable to Graham Holdings Company Common Stockholders
 
 
 
 

Basic net income per common share
$
11.29

 
$
17.42

(35
)
Basic average number of common shares outstanding
5,537

 
5,584

 

Diluted net income per common share
$
11.21

 
$
17.33

(35
)
Diluted average number of common shares outstanding
5,573

 
5,613

 




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