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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)
  
 
 
 
  
Nine Months Ended
  
  
September 30
%
(in thousands, except per share amounts)
2017
 
2016
Change
Operating revenues
$
1,916,029

 
$
1,852,311

3

Operating expenses
1,689,692

 
1,590,203

6

Depreciation of property, plant and equipment
46,525

 
48,903

(5
)
Amortization of intangible assets
28,290

 
19,160

48

Impairment of goodwill and other long-lived assets
9,536

 


Operating income
141,986

 
194,045

(27
)
Equity in earnings (losses) of affiliates, net
1,448

 
(895
)

Interest income
3,397

 
2,052

66

Interest expense
(25,783
)
 
(24,533
)
5

Other income, net
6,881

 
15,871

(57
)
Income before income taxes
127,929

 
186,540

(31
)
Provision for income taxes
40,000

 
54,000

(26
)
Net income
87,929

 
132,540

(34
)
Net income attributable to noncontrolling interests
(63
)
 
(868
)
(93
)
Net Income Attributable to Graham Holdings Company Common Stockholders
$
87,866

 
$
131,672

(33
)
Per Share Information Attributable to Graham Holdings Company Common Stockholders
 
 
 
 

Basic net income per common share
$
15.74

 
$
23.33

(33
)
Basic average number of common shares outstanding
5,530

 
5,570

 

Diluted net income per common share
$
15.64

 
$
23.21

(33
)
Diluted average number of common shares outstanding
5,567

 
5,600

 




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