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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
BUSINESS SEGMENT INFORMATION
(Unaudited)
 
 
 
 
 
 
 
 
 
  
 
Three Months Ended
 
 
 
Twelve Months Ended
 
 
 
 
December 31
 
%
 
December 31
 
%
(in thousands)
2017
 
2016
 
Change
 
2017
 
2016
 
Change
Operating Revenues
  
 
 
 
 
 
  
 
 
 
 
Education
 
$
380,575

 
$
391,236

 
(3
)
 
$
1,516,776

 
$
1,598,461

 
(5
)
Television broadcasting
 
111,023

 
108,791

 
2

 
409,916

 
409,718

 

Other businesses
 
184,270

 
129,552

 
42

 
665,205

 
473,850

 
40

Corporate office
 

 

 

 

 

 

Intersegment elimination
 
(51
)
 

 

 
(51
)
 
(139
)
 

 
 
$
675,817

 
$
629,579

 
7

 
$
2,591,846

 
$
2,481,890

 
4

Operating Expenses
 

 
 

 
 

 
 

 
 

 
 

Education
 
$
360,753

 
$
361,317

 

 
$
1,441,607

 
$
1,504,829

 
(4
)
Television broadcasting
 
72,001

 
52,915

 
36

 
272,713

 
209,248

 
30

Other businesses
 
180,519

 
130,061

 
39

 
687,969

 
495,952

 
39

Corporate office
 
(4,521
)
 
(24,203
)
 
(81
)
 
(19,494
)
 
(31,534
)
 
(38
)
Intersegment elimination
 
(51
)
 

 

 
(51
)
 
(139
)
 

 
 
$
608,701

 
$
520,090

 
17

 
$
2,382,744

 
$
2,178,356

 
9

Operating Income (Loss)
 

 
 

 
 

 
 

 
 

 
 

Education
 
$
19,822

 
$
29,919

 
(34
)
 
$
75,169

 
$
93,632

 
(20
)
Television broadcasting
 
39,022

 
55,876

 
(30
)
 
137,203

 
200,470

 
(32
)
Other businesses
 
3,751

 
(509
)
 

 
(22,764
)
 
(22,102
)
 
(3
)
Corporate office
 
4,521

 
24,203

 
(81
)
 
19,494

 
31,534

 
(38
)
 
 
$
67,116

 
$
109,489

 
(39
)
 
$
209,102

 
$
303,534

 
(31
)
Depreciation
 

 
 

 
 

 
 

 
 

 
 

Education
 
$
7,912

 
$
9,865

 
(20
)
 
$
32,906

 
$
41,187

 
(20
)
Television broadcasting
 
3,476

 
2,575

 
35

 
12,179

 
9,942

 
23

Other businesses
 
4,338

 
2,986

 
45

 
16,306

 
12,375

 
32

Corporate office
 
258

 
291

 
(11
)
 
1,118

 
1,116

 

 
 
$
15,984

 
$
15,717

 
2

 
$
62,509

 
$
64,620

 
(3
)
Amortization of Intangible Assets and Impairment of Goodwill and Other Long-Lived Assets
 
 
 
 

 
 

 
 

 
 

 
 

Education
 
$
1,364

 
$
2,358

 
(42
)
 
$
5,162

 
$
7,516

 
(31
)
Television broadcasting
 
3,406

 
62

 

 
6,349

 
251

 

Other businesses
 
8,205

 
6,694

 
23

 
39,290

 
20,507

 
92

Corporate office
 

 

 

 

 

 

 
 
$
12,975

 
$
9,114

 
42

 
$
50,801

 
$
28,274

 
80

Pension Expense (Credit)
 

 
 

 
 

 
 

 
 

 
 

Education
 
$
3,324

 
$
2,838

 
17

 
$
10,613

 
$
11,803

 
(10
)
Television broadcasting
 
485

 
429

 
13

 
1,942

 
1,714

 
13

Other businesses
 
449

 
279

 
61

 
2,722

 
1,118

 

Corporate office
 
(18,123
)
 
(33,929
)
 
(47
)
 
(72,491
)
 
(81,732
)
 
(11
)
 
 
$
(13,865
)
 
$
(30,383
)
 
(54
)
 
$
(57,214
)
 
$
(67,097
)
 
(15
)

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