Washington Post 2013 Annual Report Download - page 102

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Company information broken down by operating segment and education division:
Year Ended December 31
(in thousands) 2013 2012 2011
Operating Revenues
Education ..................................................................... $2,177,508 $2,196,496 $2,404,459
Cable ....................................................................... 807,309 787,117 760,221
Television broadcasting ........................................................... 374,605 399,691 319,206
Other businesses ............................................................... 128,803 72,837 42,891
Corporate office ................................................................ ———
Intersegment elimination .......................................................... (361) (571) (780)
$3,487,864 $3,455,570 $3,525,997
Income (Loss) from Operations
Education ..................................................................... $ 51,301 $ (105,368) $ 96,286
Cable ....................................................................... 169,735 154,581 156,844
Television broadcasting ........................................................... 171,276 191,642 117,089
Other businesses ............................................................... (23,468) (33,010) (16,771)
Corporate office ................................................................ (23,279) (28,665) (19,330)
$ 345,565 $ 179,180 $ 334,118
Equity in Earnings of Affiliates, Net ................................................... 13,215 14,086 5,949
Interest Expense, Net ............................................................. (33,803) (32,551) (29,079)
Other Expense, Net ............................................................... (23,751) (5,456) (55,200)
Income from Continuing Operations before Income Taxes .................................. $ 301,226 $ 155,259 $ 255,788
Depreciation of Property, Plant and Equipment
Education ..................................................................... $ 89,764 $ 101,183 $ 83,735
Cable ....................................................................... 128,184 129,107 126,302
Television broadcasting ........................................................... 12,467 13,018 12,448
Other businesses ............................................................... 2,177 770 674
Corporate office ................................................................ 626 —244
$ 233,218 $ 244,078 $ 223,403
Amortization of Intangible Assets and Impairment of Goodwill and Other Long-Lived Assets
Education ..................................................................... $ 13,212 $ 129,312 $ 19,417
Cable ....................................................................... 220 211 267
Television broadcasting ........................................................... ———
Other businesses ............................................................... 3,416 3,016 2,517
Corporate office ................................................................ ———
$ 16,848 $ 132,539 $ 22,201
Net Pension (Credit) Expense
Education ..................................................................... $ 16,538 $ 11,584 $ 6,345
Cable ....................................................................... 3,708 2,540 1,924
Television broadcasting ........................................................... 3,381 4,970 1,669
Other businesses ............................................................... 610 169 132
Corporate office ................................................................ (41,836) (27,871) (33,289)
$ (17,599) $ (8,608) $ (23,219)
Capital Expenditures
Education ..................................................................... $ 45,550 $ 51,241 $ 51,871
Cable ....................................................................... 160,246 150,525 143,225
Television broadcasting ........................................................... 12,702 6,401 6,415
Other businesses ............................................................... 2,005 1,451 1,013
Corporate office ................................................................ 309 ——
$ 220,812 $ 209,618 $ 202,524
Asset information for the Company’s business segments is as follows:
As of December 31
(in thousands) 2013 2012
Identifiable Assets
Education ................................................................................. $1,921,037 $1,988,015
Cable .................................................................................... 1,215,320 1,187,603
Television broadcasting ....................................................................... 383,251 374,075
Other businesses ............................................................................ 171,539 88,393
Corporate office ............................................................................. 371,484 466,538
$4,062,631 $4,104,624
Investments in Marketable Equity Securities ......................................................... 487,156 380,087
Investments in Affiliates ........................................................................ 15,754 15,535
Prepaid Pension Cost .......................................................................... 1,245,505 604,823
Total Assets ................................................................................. $5,811,046 $5,105,069
84 GRAHAM HOLDINGS COMPANY