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SEC Filings

10-Q
GRAHAM HOLDINGS CO filed this Form 10-Q on 08/16/1994
Entire Document
 
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THE WASHINGTON POST COMPANY
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
                                                                                       TWENTY-SIX WEEKS ENDED  
                                                                                   ----------------------------
                                                                                   JULY 3,             JULY 4,
(IN THOUSANDS)                                                                      1994                 1993  
                                                                                  --------             --------
<S>                                                                            <C>               <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
   NET INCOME                                                                  $     70,069      $     78,096
   ADJUSTMENTS TO RECONCILE NET INCOME TO NET CASH
      PROVIDED BY OPERATING ACTIVITIES:
   CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING
      PRINCIPLE                                                                       --              (11,600)
   DEPRECIATION AND AMORTIZATION OF PROPERTY, PLANT
      AND EQUIPMENT                                                                  30,070            30,082
   AMORTIZATION OF GOODWILL AND OTHER INTANGIBLES                                    10,533             8,125
   AMORTIZATION OF PROGRAM RIGHTS                                                    10,195             9,501
   PROVISION FOR DOUBTFUL ACCOUNTS                                                   29,428            26,913
   (DECREASE) IN INTEREST AND INCOME TAXES
      PAYABLE                                                                        (1,082)           (3,476)
   PROVISION FOR DEFERRED INCOME TAXES                                               (1,850)           (1,068)
   CHANGE IN ASSETS AND LIABILITIES:
      (INCREASE) IN ACCOUNTS RECEIVABLE                                             (60,837)          (49,132)
      (INCREASE) DECREASE IN INVENTORIES                                             (1,784)              991
      INCREASE IN ACCOUNTS PAYABLE AND ACCRUED
         LIABILITIES                                                                 12,556             2,771
   OTHER                                                                              2,565            (1,894)
                                                                                   --------          -------- 

         NET CASH PROVIDED BY OPERATING ACTIVITIES                                   99,863            89,309

CASH FLOWS FROM INVESTING ACTIVITIES:
   PURCHASES OF PROPERTY, PLANT AND EQUIPMENT                                       (44,108)          (44,732)
   PURCHASES OF MARKETABLE SECURITIES                                               (14,657)         (208,743)
   PROCEEDS FROM SALES OF MARKETABLE SECURITIES                                     256,617           261,200
   INVESTMENTS IN CERTAIN BUSINESSES                                               (284,207)            --
   PAYMENTS FOR PROGRAM RIGHTS                                                       (9,867)          (10,704)
   OTHER                                                                                405            (1,558)
                                                                                   --------          -------- 

         NET CASH (USED) BY INVESTING ACTIVITIES                                    (95,817)           (4,537)

CASH FLOWS FROM FINANCING ACTIVITIES:
   PRINCIPAL PAYMENTS ON DEBT                                                        (1,400)             --
   DIVIDENDS PAID                                                                   (24,598)          (24,741)
   COMMON SHARES REPURCHASED                                                        (52,303)          (14,947)
   OTHER                                                                              --                   61
                                                                                   --------          --------

      NET CASH (USED) BY FINANCING ACTIVITIES                                       (78,301)          (39,627)
                                                                                   --------          -------- 

NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS                                (74,255)           45,145

BEGINNING CASH AND CASH EQUIVALENTS                                                 171,512            86,840
                                                                                    -------           -------

ENDING CASH AND CASH EQUIVALENTS                                                $    97,257      $    131,985
                                                                                     ======           =======
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