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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
BUSINESS SEGMENT INFORMATION
(Unaudited)
 
 
 
 
 
 
 
 
 
  
 
Three Months Ended
 
  
 
Six Months Ended
 
  
  
 
June 30
 
%
 
June 30
 
%
(in thousands)
 
2017
 
2016
 
Change
 
2017
 
2016
 
Change
Operating Revenues
 
  
 
  
 
  
 
  
 
  
 
  
Education
 
$
386,499

 
$
419,213

 
(8
)
 
$
759,396

 
$
820,289

 
(7
)
Television broadcasting
 
106,102

 
96,520

 
10

 
197,598

 
188,538

 
5

Other businesses
 
183,486

 
113,269

 
62

 
301,810

 
221,985

 
36

Corporate office
 

 

 

 

 

 

Intersegment elimination
 

 
(69
)
 

 

 
(139
)
 

  
 
$
676,087

 
$
628,933

 
7

 
$
1,258,804

 
$
1,230,673

 
2

Operating Expenses
 
  

 
  

 
  

 
  

 
  

 
  

Education
 
$
353,574

 
$
386,321

 
(8
)
 
$
717,440

 
$
772,909

 
(7
)
Television broadcasting
 
66,838

 
52,305

 
28

 
132,365

 
103,103

 
28

Other businesses
 
192,404

 
118,331

 
63

 
321,292

 
232,777

 
38

Corporate office
 
(5,090
)
 
(2,095
)
 

 
(9,708
)
 
(3,989
)
 

Intersegment elimination
 

 
(69
)
 

 

 
(139
)
 

  
 
$
607,726

 
$
554,793

 
10

 
$
1,161,389

 
$
1,104,661

 
5

Operating Income (Loss)
 
  

 
  

 
  
 
  

 
  

 
  
Education
 
$
32,925

 
$
32,892

 

 
$
41,956

 
$
47,380

 
(11
)
Television broadcasting
 
39,264

 
44,215

 
(11
)
 
65,233

 
85,435

 
(24
)
Other businesses
 
(8,918
)
 
(5,062
)
 
(76
)
 
(19,482
)
 
(10,792
)
 
(81
)
Corporate office
 
5,090

 
2,095

 

 
9,708

 
3,989

 

  
 
$
68,361

 
$
74,140

 
(8
)
 
$
97,415

 
$
126,012

 
(23
)
Depreciation
 
  

 
  

 
  
 
  

 
  

 
  
Education
 
$
8,325

 
$
10,242

 
(19
)
 
$
16,909

 
$
21,345

 
(21
)
Television broadcasting
 
2,991

 
2,450

 
22

 
5,585

 
4,827

 
16

Other businesses
 
4,264

 
3,073

 
39

 
7,448

 
6,100

 
22

Corporate office
 
291

 
280

 
4

 
581

 
534

 
9

  
 
$
15,871

 
$
16,045

 
(1
)
 
$
30,523

 
$
32,806

 
(7
)
Amortization of Intangible Assets and Impairment of Goodwill and Other Long-Lived Assets
 
  

 
  

 
  
 
  

 
  

 
  
Education
 
$
1,323

 
$
1,704

 
(22
)
 
$
2,443

 
$
3,385

 
(28
)
Television broadcasting
 
970

 
63

 

 
1,872

 
126

 

Other businesses
 
17,462

 
4,511

 

 
22,276

 
9,029

 

Corporate office
 

 

 

 

 

 

  
 
$
19,755

 
$
6,278

 

 
$
26,591

 
$
12,540

 

Pension Expense (Credit)
 
  

 
  

 
  
 
  

 
  

 
  
Education
 
$
2,153

 
$
3,018

 
(29
)
 
$
4,859

 
$
6,127

 
(21
)
Television broadcasting
 
479

 
418

 
15

 
972

 
857

 
13

Other businesses
 
415

 
306

 
36

 
898

 
560

 
60

Corporate office
 
(17,876
)
 
(16,008
)
 
12

 
(36,246
)
 
(31,869
)
 
14

  
 
$
(14,829
)
 
$
(12,266
)
 
21

 
$
(29,517
)
 
$
(24,325
)
 
21


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