Washington Post 2013 Annual Report Download - page 17

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GRAHAM HOLDINGS COMPANY 2013 FORM 10-K
Item 1. Business ........................................................................................... 1
Education .......................................................................................... 1
Cable Operations .................................................................................... 13
Television Broadcasting ................................................................................ 17
Other Activities ...................................................................................... 20
Competition ........................................................................................ 20
Executive Officers .................................................................................... 21
Employees ......................................................................................... 22
Forward-Looking Statements ............................................................................. 22
Available Information .................................................................................. 22
Item 1A. Risk Factors ......................................................................................... 23
Item 1B. Unresolved Staff Comments ............................................................................. 30
Item 2. Properties .......................................................................................... 30
Item 3. Legal Proceedings .................................................................................... 32
Item 4. Mine Safety Disclosures ................................................................................ 33
Item 5. Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities ............... 33
Item 6. Selected Financial Data ................................................................................ 35
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations ................................ 35
Item 7A. Quantitative and Qualitative Disclosures About Market Risk ...................................................... 35
Item 8. Financial Statements and Supplementary Data ................................................................ 36
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure ............................... 36
Item 9A. Controls and Procedures ............................................................................... 36
Item 9B. Other Information ..................................................................................... 37
Item 10. Directors, Executive Officers and Corporate Governance ........................................................ 37
Item 11. Executive Compensation ............................................................................... 37
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters ....................... 37
Item 13. Certain Relationships and Related Transactions and Director Independence .......................................... 37
Item 14. Principal Accounting Fees and Services ..................................................................... 37
Item 15. Exhibits, Financial Statement Schedules ..................................................................... 37
SIGNATURES ........................................................................................... 38
INDEX TO FINANCIAL INFORMATION ....................................................................... 39
Management’s Discussion and Analysis of Results of Operations and Financial Condition (Unaudited) ......................... 40
Financial Statements:
Management’s Report on Internal Control Over Financial Reporting ................................................ 53
Report of Independent Registered Public Accounting Firm ........................................................ 54
Consolidated Statements of Operations for the Three Years Ended December 31, 2013 ................................ 55
Consolidated Statements of Comprehensive Income for the Three Years Ended December 31, 2013 ....................... 56
Consolidated Balance Sheets at December 31, 2013 and 2012 ................................................. 57
Consolidated Statements of Cash Flows for the Three Years Ended December 31, 2013 ................................ 58
Consolidated Statements of Changes in Common Stockholders’ Equity for the Three Years Ended December 31, 2013 .......... 59
Notes to Consolidated Financial Statements ................................................................. 60
Five-Year Summary of Selected Historical Financial Data (Unaudited) ............................................... 89
INDEX TO EXHIBITS ...................................................................................... 91