Washington Post 2013 Annual Report Download - page 75

GRAHAM HOLDINGS COMPANY
CONSOLIDATED BALANCE SHEETS
As of December 31
(in thousands, except share amounts) 2013 2012
Assets
Current Assets
Cash ................................................................................ $ 569,719 $ 512,431
Restricted cash ......................................................................... 83,769 28,538
Investments in marketable equity securities and other investments ..................................... 522,318 418,938
Accounts receivable, net .................................................................. 428,653 399,204
Income taxes receivable .................................................................. 17,991 —
Deferred income taxes ................................................................... —3,974
Inventories and contracts in progress ......................................................... 2,924 7,985
Other current assets ...................................................................... 77,013 82,692
Total Current Assets ................................................................ 1,702,387 1,453,762
Property, Plant and Equipment, Net ....................................................... 927,542 1,081,237
Investments in Affiliates ................................................................. 15,754 15,535
Goodwill, Net ........................................................................ 1,288,622 1,317,915
Indefinite-Lived Intangible Assets, Net ...................................................... 541,278 539,728
Amortized Intangible Assets, Net .......................................................... 39,588 45,577
Prepaid Pension Cost ................................................................... 1,245,505 604,823
Deferred Charges and Other Assets ....................................................... 50,370 46,492
Total Assets ...................................................................... $ 5,811,046 $ 5,105,069
Liabilities and Equity
Current Liabilities
Accounts payable and accrued liabilities ...................................................... $ 505,699 $ 486,396
Income taxes payable .................................................................... —726
Deferred income taxes ................................................................... 58,411 —
Deferred revenue ....................................................................... 366,831 395,837
Short-term borrowings .................................................................... 3,168 243,327
Total Current Liabilities .............................................................. 934,109 1,126,286
Postretirement Benefits Other Than Pensions ................................................. 36,219 59,949
Accrued Compensation and Related Benefits ................................................. 211,526 216,280
Other Liabilities ....................................................................... 86,000 109,774
Deferred Income Taxes ................................................................. 778,735 529,427
Long-Term Debt ....................................................................... 447,608 453,384
Total Liabilities .................................................................... 2,494,197 2,495,100
Commitments and Contingencies (Notes 17 and 18)
Redeemable Noncontrolling Interest .......................................................... 5,896 12,655
Redeemable Preferred Stock, Series A, $1 par value, with a redemption and liquidation value of $1,000 per
share; 23,000 shares authorized; 10,665 and 11,096 shares issued and outstanding .................... 10,665 11,096
Preferred Stock, $1 par value; 977,000 shares authorized, none issued ................................ ——
Common Stockholders’ Equity
Common stock
Class A Common stock, $1 par value; 7,000,000 shares authorized; 1,169,073 and 1,219,383 shares
issued and outstanding ............................................................... 1,169 1,219
Class B Common stock, $1 par value; 40,000,000 shares authorized; 18,830,927 and 18,780,617 shares
issued; 6,218,051 and 6,208,118 shares outstanding ....................................... 18,831 18,781
Capital in excess of par value .............................................................. 288,129 240,746
Retained earnings ....................................................................... 4,782,777 4,546,775
Accumulated other comprehensive income, net of taxes
Cumulative foreign currency translation adjustment ............................................. 25,013 26,072
Unrealized gain on available-for-sale securities ................................................ 173,663 110,553
Unrealized gain on pensions and other postretirement plans ...................................... 501,446 117,169
Cash flow hedge ..................................................................... (628) (940)
Cost of 12,612,876 and 12,572,499 shares of Class B common stock held in treasury .................. (2,490,333) (2,474,347)
Total Common Stockholders’ Equity .................................................... 3,300,067 2,586,028
Noncontrolling interests ..................................................................... 221 190
Total Equity ...................................................................... 3,300,288 2,586,218
Total Liabilities and Equity ......................................................... $ 5,811,046 $ 5,105,069
See accompanying Notes to Consolidated Financial Statements.
2013 FORM 10-K 57