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SEC Filings

8-K
GRAHAM HOLDINGS CO filed this Form 8-K on 02/23/2018
Entire Document
 

GRAHAM HOLDINGS COMPANY
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
 
 
 
 
Three Months Ended
 
 
December 31
%
(in thousands, except per share amounts)
2017
 
2016
Change
Operating revenues
$
675,817

 
$
629,579

7

Operating expenses
579,742

 
495,259

17

Depreciation of property, plant and equipment
15,984

 
15,717

2

Amortization of intangible assets
12,897

 
7,511

72

Impairment of goodwill and other long-lived assets
78

 
1,603

(95
)
Operating income
67,116

 
109,489

(39
)
Equity in losses of affiliates, net
(4,697
)
 
(7,042
)
(33
)
Interest income
3,184

 
1,041


Interest expense
(8,103
)
 
(10,857
)
(25
)
Other expense, net
(2,640
)
 
(28,513
)
(91
)
Income from operations before income taxes
54,860

 
64,118

(14
)
(Benefit from) provision for income taxes
(159,700
)
 
27,200


Net income
214,560

 
36,918


Net income attributable to noncontrolling interests
(382
)
 


Net Income Attributable to Graham Holdings Company Common Stockholders
$
214,178

 
$
36,918


Per Share Information Attributable to Graham Holdings Company Common Stockholders
 
 
 
 
Basic net income per common share
$
38.76

 
$
6.60


Basic average number of common shares outstanding
5,473

 
5,527

 
Diluted net income per common share
$
38.52

 
$
6.57


Diluted average number of common shares outstanding
5,509

 
5,556

 

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