Washington Post 2009 Annual Report Download - page 70

THE WASHINGTON POST COMPANY
CONSOLIDATED BALANCE SHEETS
As of
(in thousands) January 3, 2010 December 28, 2008
Assets
Current Assets
Cash and cash equivalents ........................................................... $ 477,673 $ 390,509
Investments in marketable equity securities and other investments ............................... 385,001 357,337
Accounts receivable, net ............................................................. 430,669 479,361
Deferred income taxes .............................................................. 14,633 10,967
Inventories ....................................................................... 16,019 40,213
Other current assets ................................................................ 64,069 73,153
Total Current Assets ................................................................ 1,388,064 1,351,540
Property, Plant and Equipment, Net ....................................................... 1,239,692 1,302,334
Investments in Affiliates ................................................................. 54,722 76,437
Goodwill, Net ......................................................................... 1,423,462 1,390,157
Indefinite-Lived Intangible Assets, Net ...................................................... 540,012 531,323
Amortized Intangible Assets, Net .......................................................... 71,314 94,260
Prepaid Pension Cost ................................................................... 409,445 346,325
Deferred Charges and Other Assets ....................................................... 59,495 66,058
Total Assets ....................................................................... $ 5,186,206 $ 5,158,434
Liabilities and Shareholders’ Equity
Current Liabilities
Accounts payable and accrued liabilities ................................................ $ 555,478 $ 544,920
Income taxes payable .............................................................. 8,048 7,499
Deferred revenue .................................................................. 422,998 388,007
Short-term borrowings ............................................................... 3,059 153,822
Total Current Liabilities .............................................................. 989,583 1,094,248
Postretirement Benefits Other Than Pensions ................................................. 73,672 70,992
Accrued Compensation and Related Benefits ................................................ 210,640 210,058
Other Liabilities ....................................................................... 134,783 135,163
Deferred Income Taxes .................................................................. 422,838 360,359
Long-Term Debt ....................................................................... 396,236 400,003
Total Liabilities .................................................................... 2,227,752 2,270,823
Redeemable Noncontrolling Interest ....................................................... 6,907 17,360
Redeemable Preferred Stock, Series A, $1 par value, with a redemption and liquidation value of $1,000
per share; 23,000 shares authorized; 11,526 and 11,826 shares issued and outstanding ........... 11,526 11,826
Preferred Stock, $1 par value; 977,000 shares authorized, none issued .......................... ——
Common Shareholders’ Equity
Common stock
Class A Common stock, $1 par value; 7,000,000 shares authorized; 1,291,693 shares issued and
outstanding ................................................................... 1,292 1,292
Class B Common stock, $1 par value; 40,000,000 shares authorized; 18,708,307 shares issued;
7,975,120 and 8,073,539 shares outstanding ....................................... 18,708 18,708
Capital in excess of par value ........................................................ 241,435 232,201
Retained earnings ................................................................. 4,324,289 4,313,287
Accumulated other comprehensive income (loss), net of taxes
Cumulative foreign currency translation adjustment ........................................ 27,010 (3,412)
Unrealized gain on available-for-sale securities .......................................... 78,492 72,646
Unrealized loss on pensions and other postretirement plans ................................. (990) (79,914)
Cost of 10,733,187 and 10,634,768 shares of Class B common stock held in treasury ............. (1,750,686) (1,697,268)
Total The Washington Post Company Common Shareholders’ Equity .......................... 2,939,550 2,857,540
Noncontrolling Interest ................................................................ 471 885
Total Shareholders’ Equity ........................................................... 2,940,021 2,858,425
Total Liabilities and Shareholders’ Equity .............................................. $ 5,186,206 $ 5,158,434
See accompanying Notes to Consolidated Financial Statements.
56 THE WASHINGTON POST COMPANY