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SEC Filings

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


GRAHAM HOLDINGS COMPANY
CONDENSED CONSOLIDATED BALANCE SHEETS
 
As of
(in thousands)
September 30,
2017
 
December 31,
2016
  
(Unaudited)
 
  
Assets
  
 
  
Current Assets
  
 
  
Cash and cash equivalents
$
395,009

 
$
648,885

Restricted cash
21,403

 
21,931

Investments in marketable equity securities and other investments
519,586

 
448,241

Accounts receivable, net
525,779

 
615,101

Income taxes receivable
28,108

 
41,635

Inventories and contracts in progress
62,531

 
34,818

Other current assets
65,443

 
60,735

Total Current Assets
1,617,859

 
1,871,346

Property, Plant and Equipment, Net
259,809

 
233,664

Investments in Affiliates
122,166

 
58,806

Goodwill, Net
1,299,226

 
1,122,954

Indefinite-Lived Intangible Assets, Net
109,901

 
66,026

Amortized Intangible Assets, Net
239,152

 
107,939

Prepaid Pension Cost
863,098

 
881,593

Deferred Income Taxes
15,820

 
17,246

Deferred Charges and Other Assets
92,884

 
73,096

Total Assets
$
4,619,915

 
$
4,432,670

 
 
 
 
Liabilities and Equity
  

 
  

Current Liabilities
  

 
  

Accounts payable and accrued liabilities
$
446,076

 
$
500,726

Deferred revenue
353,367

 
312,107

Current portion of long-term debt
6,713

 
6,128

Dividends declared
7,025

 

Total Current Liabilities
813,181

 
818,961

Postretirement Benefits Other Than Pensions
22,929

 
21,859

Accrued Compensation and Related Benefits
198,907

 
195,910

Other Liabilities
67,589

 
65,554

Deferred Income Taxes
454,027

 
379,092

Mandatorily Redeemable Noncontrolling Interest
12,584

 
12,584

Long-Term Debt
486,242

 
485,719

Total Liabilities
2,055,459

 
1,979,679

Redeemable Noncontrolling Interest
3,779

 
50

Preferred Stock

 

Common Stockholders’ Equity
  

 
  

Common stock
20,000

 
20,000

Capital in excess of par value
368,505

 
364,363

Retained earnings
5,648,479

 
5,588,942

Accumulated other comprehensive income (loss), net of tax
 
 
  

Cumulative foreign currency translation adjustment
7,778

 
(26,998
)
Unrealized gain on available-for-sale securities
135,753

 
92,931

Unrealized gain on pensions and other postretirement plans
168,070

 
170,830

Cash flow hedge
(449
)
 
(277
)
Cost of Class B common stock held in treasury
(3,787,459
)
 
(3,756,850
)
Total Equity
2,560,677

 
2,452,941

Total Liabilities and Equity
$
4,619,915

 
$
4,432,670


See accompanying Notes to Condensed Consolidated Financial Statements.

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