Washington Post 1999 Annual Report Download - page 24

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First Second Third Fourth
Quarter Quarter Quarter Quarter
1998 Quarterly Operating Results
Operating revenues
Advertising .....................................................................$292,685 $ 342,247 $ 293,277 $ 369,412
Circulation and subscriber .................................................... 130,341 133,365 138,783 144,961
Education ........................................................................ 31,845 28,226 52,864 58,438
Other .............................................................................. 29,084 21,919 24,357 18,555
483,955 525,757 509,281 591,366
Operating costs and expenses
Operating ........................................................................ 267,587 276,399 278,241 316,950
Selling, general and administrative.......................................... 109,930 111,005 107,533 124,681
Depreciation of property, plant and equipment ............................ 20,378 20,733 22,058 26,079
Amortization of goodwill and other intangibles ............................ 10,743 11,127 13,853 14,166
408,638 419,264 421,685 481,876
Income from operations .......................................................... 75,317 106,493 87,596 109,490
Equity in earnings (losses) of affiliates...................................... 988 (71) (4,060) (1,996)
Interest income ................................................................. 207 384 217 328
Interest expense ................................................................ (2,244) (330) (2,246) (6,717)
Other income (expense), net .................................................. 258,106 (1,594) 50,241 (2,050)
Income before income taxes ..................................................... 332,374 104,882 131,748 99,055
Provision for income taxes....................................................... 124,500 41,100 49,900 35,300
Net income ......................................................................... 207,874 63,782 81,848 63,755
Redeemable preferred stock dividends ......................................... (478) (239) (239) —
Net income available for common shares ...................................... $207,396 $ 63,543 $ 81,609 $ 63,755
Basic earnings per common share ..............................................$20.57 $ 6.30 $ 8.09 $ 6.32
Diluted earnings per common share ............................................$20.47 $ 6.27 $ 8.05 $ 6.30
Basic average number of common shares outstanding ...................... 10,084 10,088 10,093 10,082
Diluted average number of common shares outstanding ..................... 10,131 10,136 10,139 10,124
1998 Quarterly Comprehensive Income.....................................$207,814 $ 64,253 $ 74,503 $ 111,502
The sum of the four quarters may not necessarily be equal to the annual amounts reported in the Consolidated Statements of Income due to rounding.
55THE WASHINGTON POST COMPANY