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Investor Relations

SEC Filings

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


Company information broken down by operating segment and education division:
 
Year Ended December 31
(in thousands)
2017
 
2016
 
2015
Operating Revenues
 
 
 
 
 
Education
$
1,516,776

 
$
1,598,461

 
$
1,927,521

Television broadcasting
409,916

 
409,718

 
359,192

Other businesses
665,205

 
473,850

 
299,517

Corporate office

 

 

Intersegment elimination
(51
)
 
(139
)
 
(116
)
 
$
2,591,846

 
$
2,481,890

 
$
2,586,114

Income (Loss) from Operations
 
 
 
 
 
Education
$
75,169

 
$
93,632

 
$
(223,456
)
Television broadcasting
137,203

 
200,470

 
164,927

Other businesses
(22,764
)
 
(22,102
)
 
(13,667
)
Corporate office
19,494

 
31,534

 
(8,629
)
 
$
209,102

 
$
303,534

 
$
(80,825
)
Equity in Losses of Affiliates, Net
(3,249
)
 
(7,937
)
 
(697
)
Interest Expense, Net
(27,305
)
 
(32,297
)
 
(30,745
)
Other Income (Expense), Net
4,241

 
(12,642
)
 
(8,623
)
Income (Loss) from Continuing Operations before Income Taxes
$
182,789

 
$
250,658

 
$
(120,890
)
Depreciation of Property, Plant and Equipment
 
 
 
 
 
Education
$
32,906

 
$
41,187

 
$
61,177

Television broadcasting
12,179

 
9,942

 
9,551

Other businesses
16,306

 
12,375

 
6,168

Corporate office
1,118

 
1,116

 
1,010

 
$
62,509

 
$
64,620

 
$
77,906

Amortization of Intangible Assets and Impairment of Goodwill and
 
 
 
 
 
Other Long-Lived Assets 
 
 
 
 
 
Education
$
5,162

 
$
7,516

 
$
262,353

Television broadcasting
6,349

 
251

 
252

Other businesses
39,290

 
20,507

 
16,112

Corporate office

 

 

 
$
50,801

 
$
28,274

 
$
278,717

Net Pension (Credit) Expense
 
 
 
 
 
Education
$
10,613

 
$
11,803

 
$
18,804

Television broadcasting
1,942

 
1,714

 
1,620

Other businesses
2,722

 
1,118

 
964

Corporate office
(72,491
)
 
(81,732
)
 
(81,945
)
 
$
(57,214
)
 
$
(67,097
)
 
$
(60,557
)
Capital Expenditures
 
 
 
 
 
Education
$
27,520

 
$
26,497

 
$
42,220

Television broadcasting
16,802

 
27,453

 
9,998

Other businesses
12,758

 
16,047

 
9,504

Corporate office

 
715

 
311

 
$
57,080

 
$
70,712

 
$
62,033

Asset information for the Company’s business segments is as follows:
 
As of December 31
(in thousands)
2017
 
2016
Identifiable Assets
 
 
 
Education
$
1,592,097

 
$
1,479,267

Television broadcasting
455,884

 
336,631

Other businesses
985,255

 
796,935

Corporate office
182,905

 
455,209

 
$
3,216,141

 
$
3,068,042

Investments in Marketable Equity Securities
536,315

 
424,229

Investments in Affiliates
128,590

 
58,806

Prepaid Pension Cost
1,056,777

 
881,593

Total Assets
$
4,937,823

 
$
4,432,670


119