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GRAHAM HOLDINGS COMPANY
CONSOLIDATED STATEMENTS OF CHANGES IN COMMON STOCKHOLDERS’ EQUITY
(in thousands)
Class A
Common
Stock
Class B
Common
Stock
Capital in
Excess of
Par Value Retained
Earnings
Cumulative
Foreign
Currency
Translation
Adjustment
Unrealized
Gain on
Available-
for-Sale
Securities
Unrealized
Gain (Loss) on
Pensions and
Other
Postretirement
Plans
Cash
Flow
Hedge Treasury
Stock Noncontrolling
Interest
As of January 2, 2011 ............. $1,241 $18,759 $249,719 $4,520,332 $ 37,606 $ 70,707 $ 73,826 $—$(2,157,826) $—
Net income for the year .............. 117,157
Net loss attributable to redeemable
noncontrollinginterest .............. (7)
Dividendspaidoncommonstock........ (74,576)
Dividends paid on redeemable
preferredstock ................... (917)
RepurchaseofClassBcommonstock ..... (248,055)
Issuance of Class B common stock, net of
restrictedstockawardforfeitures ....... (8,040) 7,692
Amortization of unearned stock
compensation and stock option
expense ........................ 11,789
Change in foreign currency translation
adjustment(netoftaxes) ............. (16,268)
Change in unrealized gain on available-for-
salesecurities(netoftaxes)........... 9,651
Adjustment for pensions and other
postretirementplans(netoftaxes) ...... (10,201)
Conversion of Class A common stock to
ClassBcommonstock.............. (12) 12
Taxes arising from employee stock plans . . . (701)
Cashflowhedge ................... 8
As of December 31, 2011 ........... 1,229 18,771 252,767 4,561,989 21,338 80,358 63,625 8 (2,398,189) —
Net income for the year .............. 132,187
Acquisitions and noncontrolling interest . . . 191
Net income attributable to noncontrolling
interests ........................ (51) 51
Net income attributable to redeemable
noncontrollinginterests .............. (23)
Distributiontononcontrollinginterests ..... (52)
Dividendspaidoncommonstock........ (146,432)
Dividends paid on redeemable
preferredstock ................... (895)
RepurchaseofClassBcommonstock ..... (103,196)
Issuance of Class B common stock, net of
restrictedstockawardforfeitures ....... (27,423) 27,038
Amortization of unearned stock
compensation and stock option
expense ........................ 14,662
Change in foreign currency translation
adjustment(netoftax) .............. 4,734
Change in unrealized gain on available-for-
salesecurities(netoftaxes)........... 30,195
Adjustment for pensions and other
postretirementplans(netoftaxes) ...... 53,544
Conversion of Class A common stock to
ClassBcommonstock.............. (10) 10
Taxes arising from employee stock plans . . . 740
Cash flow hedge ................... (948)
As of December 31, 2012 ........... 1,219 18,781 240,746 4,546,775 26,072 110,553 117,169 (940) (2,474,347) 190
Net income for the year ............ 237,345
Acquisitions and noncontrolling
interest ....................... 3,932
Netincomeattributableto
noncontrolling interests ........... (479) 479
Net income attributable to redeemable
noncontrolling interests ........... (1)
Distribution to noncontrolling
interests ...................... (448)
Dividends paid on redeemable
preferred stock ................. (863)
Repurchase of Class B common stock .. (17,709)
Issuance of Class B common stock, net of
restricted stock award forfeitures .... (4,271) 1,723
Amortization of unearned stock
compensation and stock option
expense ...................... 46,908
Change in foreign currency translation
adjustment (net of tax) ........... (1,059)
Change in unrealized gain on available-
for-sale securities (net of taxes) ..... 63,110
Adjustment for pensions and other
postretirement plans (net of taxes) ... 384,277
Conversion of Class A common stock to
Class B common stock ............ (50) 50
Taxes arising from employee stock
plans ........................ 814
Cash flow hedge ................. 312
As of December 31, 2013 ........... $1,169 $18,831 $288,129 $4,782,777 $ 25,013 $173,663 $501,446 $(628) $(2,490,333) $ 221
See accompanying Notes to Consolidated Financial Statements.
2013 FORM 10-K 59