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Investor Relations

SEC Filings

8-K
GRAHAM HOLDINGS CO filed this Form 8-K on 11/01/2017
Entire Document
 


GRAHAM HOLDINGS COMPANY
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
 
 
 
  
Three Months Ended
  
  
September 30
%
(in thousands, except per share amounts)
2017
 
2016
Change
Operating revenues
$
657,225

 
$
621,638

6

Operating expenses
585,417

 
530,888

10

Depreciation of property, plant and equipment
16,002

 
16,097

(1
)
Amortization of intangible assets
10,923

 
6,620

65

Impairment of goodwill and other long-lived assets
312

 


Operating income
44,571

 
68,033

(34
)
Equity in losses of affiliates, net
(532
)
 
(1,008
)
(47
)
Interest income
861

 
740

16

Interest expense
(8,619
)
 
(8,614
)

Other income (expense), net
1,963

 
(18,225
)

Income before income taxes
38,244

 
40,926

(7
)
Provision for income taxes
13,400

 
7,800

72

Net income
24,844

 
33,126

(25
)
Net income attributable to noncontrolling interests
(60
)
 


Net Income Attributable to Graham Holdings Company Common Stockholders
$
24,784

 
$
33,126

(25
)
Per Share Information Attributable to Graham Holdings Company Common Stockholders
 
 
 
 
Basic net income per common share
$
4.45

 
$
5.90

(25
)
Basic average number of common shares outstanding
5,518

 
5,544

 
Diluted net income per common share
$
4.42

 
$
5.87

(25
)
Diluted average number of common shares outstanding
5,554

 
5,574

 

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