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SEC Filings

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


GRAHAM HOLDINGS COMPANY
BUSINESS SEGMENT INFORMATION
(Unaudited)
 
 
 
 
 
 
 
 
 
  
 
Three Months Ended
 
  
 
Nine Months Ended
 
  
  
 
September 30
 
%
 
September 30
 
%
(in thousands)
 
2017
 
2016
 
Change
 
2017
 
2016
 
Change
Operating Revenues
 
  
 
  
 
  
 
  
 
  
 
  
Education
 
$
376,805

 
$
386,936

 
(3
)
 
$
1,136,201

 
$
1,207,225

 
(6
)
Television broadcasting
 
101,295

 
112,389

 
(10
)
 
298,893

 
300,927

 
(1
)
Other businesses
 
179,125

 
122,313

 
46

 
480,935

 
344,298

 
40

Corporate office
 

 

 

 

 

 

Intersegment elimination
 

 

 

 

 
(139
)
 

  
 
$
657,225

 
$
621,638

 
6

 
$
1,916,029

 
$
1,852,311

 
3

Operating Expenses
 
  

 
  

 
  

 
  

 
  

 
  

Education
 
$
363,414

 
$
370,603

 
(2
)
 
$
1,080,854

 
$
1,143,512

 
(5
)
Television broadcasting
 
68,347

 
53,230

 
28

 
200,712

 
156,333

 
28

Other businesses
 
186,158

 
133,114

 
40

 
507,450

 
365,891

 
39

Corporate office
 
(5,265
)
 
(3,342
)
 
58

 
(14,973
)
 
(7,331
)
 

Intersegment elimination
 

 

 

 

 
(139
)
 

  
 
$
612,654

 
$
553,605

 
11

 
$
1,774,043

 
$
1,658,266

 
7

Operating Income (Loss)
 
  

 
  

 
  
 
  

 
  

 
  
Education
 
$
13,391

 
$
16,333

 
(18
)
 
$
55,347

 
$
63,713

 
(13
)
Television broadcasting
 
32,948

 
59,159

 
(44
)
 
98,181

 
144,594

 
(32
)
Other businesses
 
(7,033
)
 
(10,801
)
 
35

 
(26,515
)
 
(21,593
)
 
(23
)
Corporate office
 
5,265

 
3,342

 
58

 
14,973

 
7,331

 

  
 
$
44,571

 
$
68,033

 
(34
)
 
$
141,986

 
$
194,045

 
(27
)
Depreciation
 
  

 
  

 
  
 
  

 
  

 
  
Education
 
$
8,085

 
$
9,977

 
(19
)
 
$
24,994

 
$
31,322

 
(20
)
Television broadcasting
 
3,118

 
2,540

 
23

 
8,703

 
7,367

 
18

Other businesses
 
4,520

 
3,289

 
37

 
11,968

 
9,389

 
27

Corporate office
 
279

 
291

 
(4
)
 
860

 
825

 
4

  
 
$
16,002

 
$
16,097

 
(1
)
 
$
46,525

 
$
48,903

 
(5
)
Amortization of Intangible Assets and Impairment of Goodwill and Other Long-Lived Assets
 
  

 
  

 
  
 
  

 
  

 
  
Education
 
$
1,355

 
$
1,773

 
(24
)
 
$
3,798

 
$
5,158

 
(26
)
Television broadcasting
 
1,071

 
63

 

 
2,943

 
189

 

Other businesses
 
8,809

 
4,784

 
84

 
31,085

 
13,813

 

Corporate office
 

 

 

 

 

 

  
 
$
11,235

 
$
6,620

 
70

 
$
37,826

 
$
19,160

 
97

Pension Expense (Credit)
 
  

 
  

 
  
 
  

 
  

 
  
Education
 
$
2,430

 
$
2,838

 
(14
)
 
$
7,289

 
$
8,965

 
(19
)
Television broadcasting
 
485

 
428

 
13

 
1,457

 
1,285

 
13

Other businesses
 
1,375

 
279

 

 
2,273

 
839

 

Corporate office
 
(18,122
)
 
(15,934
)
 
14

 
(54,368
)
 
(47,803
)
 
14

  
 
$
(13,832
)
 
$
(12,389
)
 
12

 
$
(43,349
)
 
$
(36,714
)
 
18


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