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SEC Filings

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


GRAHAM HOLDINGS COMPANY
CONSOLIDATED BALANCE SHEETS
 
As of December 31
(In thousands, except share amounts)
2017
 
2016
Assets
 
 
 
Current Assets
 
 
 
Cash and cash equivalents
$
390,014

 
$
648,885

Restricted cash
17,552

 
21,931

Investments in marketable equity securities and other investments
557,153

 
448,241

Accounts receivable, net
620,319

 
615,101

Income taxes receivable
23,901

 
41,635

Inventories and contracts in progress
60,612

 
34,818

Other current assets
66,253

 
60,735

Total Current Assets
1,735,804

 
1,871,346

Property, Plant and Equipment, Net
259,358

 
233,664

Investments in Affiliates
128,590

 
58,806

Goodwill, Net
1,299,710

 
1,122,954

Indefinite-Lived Intangible Assets
102,195

 
66,026

Amortized Intangible Assets, Net
237,976

 
107,939

Prepaid Pension Cost
1,056,777

 
881,593

Deferred Income Taxes
15,367

 
17,246

Deferred Charges and Other Assets
102,046

 
73,096

Total Assets
$
4,937,823

 
$
4,432,670

Liabilities and Equity
 

 
 

Current Liabilities
 

 
 

Accounts payable and accrued liabilities
$
526,323

 
$
500,726

Deferred revenue
339,454

 
312,107

Income taxes payable
6,109

 

Current portion of long-term debt
6,726

 
6,128

Total Current Liabilities
878,612

 
818,961

Postretirement Benefits Other Than Pensions
20,865

 
21,859

Accrued Compensation and Related Benefits
193,024

 
195,910

Other Liabilities
65,977

 
65,554

Deferred Income Taxes
362,701

 
379,092

Mandatorily Redeemable Noncontrolling Interest
10,331

 
12,584

Long-Term Debt
486,561

 
485,719

Total Liabilities
2,018,071

 
1,979,679

Commitments and Contingencies (Notes 18 and 19)


 


Redeemable Noncontrolling Interests
4,607

 
50

Preferred Stock, $1 par value; 977,000 shares authorized, none issued

 

Common Stockholders’ Equity
 

 
 

Common stock
 

 
 

Class A Common stock, $1 par value; 7,000,000 shares authorized; 964,001 shares issued and outstanding
964

 
964

Class B Common stock, $1 par value; 40,000,000 shares authorized; 19,035,999 shares issued; 4,540,493 and 4,612,435 shares outstanding
19,036

 
19,036

Capital in excess of par value
370,700

 
364,363

Retained earnings
5,791,724

 
5,588,942

Accumulated other comprehensive income, net of taxes
 

 
 

Cumulative foreign currency translation adjustment
6,314

 
(26,998
)
Unrealized gain on available-for-sale securities
194,889

 
92,931

Unrealized gain on pensions and other postretirement plans
334,536

 
170,830

Cash flow hedge
(184
)
 
(277
)
Cost of 14,495,506 and 14,423,564 shares of Class B common stock held in treasury
(3,802,834
)
 
(3,756,850
)
Total Equity
2,915,145

 
2,452,941

Total Liabilities and Equity
$
4,937,823

 
$
4,432,670

See accompanying Notes to Consolidated Financial Statements.

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