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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)
 
 
 
 
 
Twelve Months Ended
 
 
December 31
%
(in thousands, except per share amounts)
2017
 
2016
Change
Operating revenues
$
2,591,846

 
$
2,481,890

4

Operating expenses
2,269,434

 
2,085,462

9

Depreciation of property, plant and equipment
62,509

 
64,620

(3
)
Amortization of intangible assets
41,187

 
26,671

54

Impairment of intangible and other long-lived assets
9,614

 
1,603


Operating income
209,102

 
303,534

(31
)
Equity in losses of affiliates, net
(3,249
)
 
(7,937
)
(59
)
Interest income
6,581

 
3,093


Interest expense
(33,886
)
 
(35,390
)
(4
)
Other income (expense), net
4,241

 
(12,642
)

Income from operations before income taxes
182,789

 
250,658

(27
)
(Benefit from) provision for income taxes
(119,700
)
 
81,200


Net income
302,489

 
169,458

79

Net income attributable to noncontrolling interests
(445
)
 
(868
)
(49
)
Net Income Attributable to Graham Holdings Company Common Stockholders
$
302,044

 
$
168,590

79

Per Share Information Attributable to Graham Holdings Company Common Stockholders
 
 
 
 

Basic net income per common share
$
54.24

 
$
29.95

81

Basic average number of common shares outstanding
5,516

 
5,559

 

Diluted net income per common share
$
53.89

 
$
29.80

81

Diluted average number of common shares outstanding
5,552

 
5,589

 



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