Washington Post 2010 Annual Report Download - page 80

THE WASHINGTON POST COMPANY
CONSOLIDATED BALANCE SHEETS
As of
(in thousands)
January 2,
2011 January 3, 2010
Assets
Current Assets
Cash and cash equivalents .......................................................... $ 437,740 $ 442,559
Restricted cash ................................................................... 31,138 35,114
Investments in marketable equity securities and other investments ............................... 373,750 385,001
Accounts receivable, net ............................................................ 397,024 430,669
Income taxes receivable ............................................................ 33,307 —
Deferred income taxes .............................................................. 15,318 14,633
Inventories ....................................................................... 4,984 16,019
Other current assets ................................................................ 68,637 64,069
Total Current Assets ................................................................ 1,361,898 1,388,064
Property, Plant and Equipment, Net ....................................................... 1,200,726 1,239,692
Investments in Affiliates ................................................................. 31,637 54,722
Goodwill, Net ........................................................................ 1,376,357 1,423,462
Indefinite-Lived Intangible Assets, Net ..................................................... 530,816 540,012
Amortized Intangible Assets, Net ......................................................... 61,242 71,314
Prepaid Pension Cost ................................................................... 538,753 409,445
Deferred Charges and Other Assets ....................................................... 56,938 59,495
Total Assets ...................................................................... $ 5,158,367 $ 5,186,206
Liabilities and Equity
Current Liabilities
Accounts payable and accrued liabilities ................................................ $ 626,188 $ 555,478
Income taxes payable .............................................................. —8,048
Deferred revenue .................................................................. 379,089 422,998
Short-term borrowings .............................................................. 3,000 3,059
Total Current Liabilities ............................................................. 1,008,277 989,583
Postretirement Benefits Other Than Pensions ................................................ 64,342 73,672
Accrued Compensation and Related Benefits ................................................ 231,034 210,640
Other Liabilities ....................................................................... 119,036 134,783
Deferred Income Taxes ................................................................. 506,405 422,838
Long-Term Debt ....................................................................... 396,650 396,236
Total Liabilities .................................................................... 2,325,744 2,227,752
Redeemable Noncontrolling Interest ....................................................... 6,733 6,907
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 shares issued and outstanding ..................... 11,526 11,526
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; 1,240,883 and 1,291,693
shares issued and outstanding .................................................... 1,241 1,292
Class B Common stock, $1 par value; 40,000,000 shares authorized; 18,759,117 and
18,708,307 shares issued; 6,952,973 and 7,975,120 shares outstanding ................. 18,759 18,708
Capital in excess of par value ........................................................ 249,719 241,435
Retained earnings ................................................................. 4,520,332 4,324,289
Accumulated other comprehensive income (loss), net of taxes
Cumulative foreign currency translation adjustment ........................................ 37,606 27,010
Unrealized gain on available-for-sale securities .......................................... 70,707 78,492
Unrealized gain (loss) on pensions and other postretirement plans ............................ 73,826 (990)
Cost of 11,806,144 and 10,733,187 shares of Class B common stock held in treasury ............ (2,157,826) (1,750,686)
Total Common Shareholders’ Equity ................................................... 2,814,364 2,939,550
Noncontrolling Interests ............................................................... —471
Total Equity ...................................................................... 2,814,364 2,940,021
Total Liabilities and Equity ......................................................... $ 5,158,367 $ 5,186,206
See accompanying Notes to Consolidated Financial Statements.
64 THE WASHINGTON POST COMPANY