Print Page  |  Close Window

Investor Relations

SEC Filings

10-K
GRAHAM HOLDINGS CO filed this Form 10-K on 02/23/2018
Entire Document
 


Quarterly results of operations and comprehensive income for the year ended December 31, 2016, is as follows:
(in thousands, except per share amounts)
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Operating Revenues
 
 
 
 
 
 
 
Education
$
401,006

 
$
419,144

 
$
386,936

 
$
391,261

Advertising
73,104

 
75,494

 
91,597

 
90,707

Other
127,630

 
134,295

 
143,105

 
147,611

 
601,740

 
628,933

 
621,638

 
629,579

Operating Costs and Expenses
 
 
 
 
 
 
 
Operating
291,632

 
296,033

 
293,194

 
300,086

Selling, general and administrative
235,213

 
236,437

 
237,694

 
195,173

Depreciation of property, plant and equipment
16,761

 
16,045

 
16,097

 
15,717

Amortization of intangible assets
6,262

 
6,278

 
6,620

 
7,511

Impairment of goodwill

 

 

 
1,603

 
549,868

 
554,793

 
553,605

 
520,090

Income from Operations
51,872

 
74,140

 
68,033

 
109,489

Equity in earnings (losses) of affiliates, net
1,004

 
(891
)
 
(1,008
)
 
(7,042
)
Interest income
591

 
721

 
740

 
1,041

Interest expense
(7,948
)
 
(7,971
)
 
(8,614
)
 
(10,857
)
Other income (expense), net
15,096

 
19,000

 
(18,225
)
 
(28,513
)
Income Before Income Taxes
60,615

 
84,999

 
40,926

 
64,118

Provision for Income Taxes
22,400

 
23,800

 
7,800

 
27,200

Net Income
38,215

 
61,199

 
33,126

 
36,918

Net Income Attributable to Noncontrolling Interests
(435
)
 
(433
)
 

 

Net Income Attributable to Graham Holdings Company Common Stockholders
$
37,780

 
$
60,766

 
$
33,126

 
$
36,918

 
 
 
 
 
 
 
 
Per Share Information Attributable to Graham Holdings Company Common Stockholders
 
 
 
 
 
 
 
Basic net income per common share
$
6.63

 
$
10.82

 
$
5.90

 
$
6.60

Basic average number of common shares outstanding
5,623

 
5,544

 
5,544

 
5,527

Diluted net income per common share
$
6.59

 
$
10.76

 
$
5.87

 
$
6.57

Diluted average number of common shares outstanding
5,652

 
5,574

 
5,574

 
5,556

Quarterly comprehensive income
$
41,015

 
$
49,996

 
$
40,331

 
$
(40,946
)
The sum of the four quarters may not necessarily be equal to the annual amounts reported in the Consolidated Statements of Operations due to rounding. Certain amounts were reclassified from other revenue to advertising revenue (see Note 2).


122