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TEN-YEAR SUMMARY OF SELECTED HISTORICAL FINANCIAL DATA
See Notes to Consolidated Financial Statements for the summary of significant accounting policies and additional information relative to
the years 2000-2002. Operating results prior to 2002 include amortization of goodwill and certain other intangible assets that are no
longer amortized under SFAS 142.
(in thousands, except per share amounts) 2002 2001 2000
Results of Operations
Operating revenues(1)
*************************************************************** $ 2,584,203 $2,411,024 $2,409,633
Income from operations************************************************************** $ 377,590 $ 219,932 $ 339,882
Income before cumulative effect of changes in accounting principles ************************ $ 216,368 $ 229,639 $ 136,470
Cumulative effect of change in method of accounting for goodwill and other intangibles ******** (12,100) ——
Cumulative effect of change in method of accounting for income taxes ********************** ———
Net income *********************************************************************** $ 204,268 $ 229,639 $ 136,470
Per Share Amounts
Basic earnings per common share
Income before cumulative effect of changes in accounting principles ********************** $ 22.65 $ 24.10 $ 14.34
Cumulative effect of changes in accounting principles*********************************** (1.27) ——
Net income available for common shares********************************************* $ 21.38 $ 24.10 $ 14.34
Basic average shares outstanding *************************************************** 9,504 9,486 9,445
Diluted earnings per share
Income before cumulative effect of changes in accounting principles ********************** $ 22.61 $ 24.06 $ 14.32
Cumulative effect of changes in accounting principles*********************************** (1.27) ——
Net income available for common shares********************************************* $ 21.34 $ 24.06 $ 14.32
Diluted average shares outstanding ************************************************** 9,523 9,500 9,460
Cash dividends ******************************************************************** $ 5.60 $ 5.60 $ 5.40
Common shareholders’ equity ******************************************************** $ 193.18 $ 177.30 $ 156.55
Financial Position
Current assets********************************************************************** $ 382,955 $ 396,857 $ 405,067
Working capital (deficit) ************************************************************* (353,157) (37,233) (3,730)
Property, plant and equipment ******************************************************** 1,094,400 1,098,211 927,061
Total assets ************************************************************************ 3,583,894 3,559,098 3,200,743
Long-term debt ********************************************************************* 405,547 883,078 873,267
Common shareholders’ equity ******************************************************** 1,837,293 1,683,485 1,481,007
(1) Operating revenues have been reclassified to conform with the current year presentation.
58 THE WASHINGTON POST COMPANY