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Investor Relations

SEC Filings

10-Q
GRAHAM HOLDINGS CO filed this Form 10-Q on 11/01/2017
Entire Document
 


The Company’s education division comprises the following operating segments:
  
Three Months Ended
 
Nine Months Ended
  
September 30
 
September 30
(in thousands)
2017
 
2016
 
2017
 
2016
Operating Revenues
  
 
  
 
  
 
  
Higher education
$
133,459

 
$
148,602

 
$
416,973

 
$
472,131

Test preparation
72,680

 
78,291

 
212,978

 
224,102

Kaplan international
171,259

 
160,456

 
507,568

 
512,068

Kaplan corporate and other
49

 
47

 
120

 
190

Intersegment elimination
(642
)
 
(460
)
 
(1,438
)
 
(1,266
)
  
$
376,805

 
$
386,936

 
$
1,136,201

 
$
1,207,225

Income (Loss) from Operations
 
 
  

 
  

 
  

Higher education
$
8,809

 
$
11,494

 
$
39,124

 
$
50,037

Test preparation
7,330

 
8,588

 
10,207

 
13,314

Kaplan international
5,348

 
1,561

 
29,009

 
22,937

Kaplan corporate and other
(8,037
)
 
(5,310
)
 
(22,957
)
 
(22,526
)
Intersegment elimination
(59
)
 

 
(36
)
 
(49
)
  
$
13,391

 
$
16,333

 
$
55,347

 
$
63,713

Depreciation of Property, Plant and Equipment
  

 
  

 
  

 
  

Higher education
$
2,768

 
$
4,157

 
$
9,448

 
$
12,325

Test preparation
1,407

 
1,441

 
4,080

 
4,837

Kaplan international
3,780

 
4,360

 
11,071

 
13,739

Kaplan corporate and other
130

 
19

 
395

 
421

  
$
8,085

 
$
9,977

 
$
24,994

 
$
31,322

Amortization of Intangible Assets
$
1,355

 
$
1,773

 
$
3,798

 
$
5,158

Pension Expense
  

 
  

 
  

 
  

Higher education
$
548

 
$
1,905

 
$
4,636

 
$
5,715

Test preparation
244

 
768

 
2,066

 
2,304

Kaplan international
24

 
67

 
198

 
201

Kaplan corporate and other
1,614

 
98

 
389

 
745

  
$
2,430

 
$
2,838

 
$
7,289

 
$
8,965

Asset information for the Company’s education division is as follows:
  
As of
(in thousands)
September 30,
2017
 
December 31,
2016
Identifiable assets
  
 
  
Higher education
$
349,756

 
$
373,127

Test preparation
135,442

 
133,709

Kaplan international
1,110,596

 
950,922

Kaplan corporate and other
19,322

 
21,509

  
$
1,615,116

 
$
1,479,267


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