Washington Post 2000 Annual Report Download - page 25

50 The Washington Post Company
First Second Third Fourth
Quarter Quarter Quarter Quarter
1999 Quarterly Operating Results
Operating revenue
Advertising....................................................................................................... $ 300,002 $ 341,602 $ 311,891 $ 377,065
Circulation and subscriber................................................................................ 141,431 142,854 147,016 148,393
Education ........................................................................................................ 52,018 55,284 67,522 65,251
Other ............................................................................................................... 26,946 17,455 13,151 7,691
520,397 557,195 539,580 598,400
Operating costs and expenses
Operating......................................................................................................... 286,583 294,172 293,948 314,698
Selling, general, and administrative .................................................................. 116,997 116,414 118,198 123,311
Depreciation of property, plant, and equipment................................................. 25,118 25,305 26,265 27,547
Amortization of goodwill and other intangibles................................................... 14,425 14,619 14,813 14,706
443,123 450,510 453,224 480,262
Income from operations ....................................................................................... 77,274 106,685 86,356 118,138
Other income (expense)
Equity in (losses) earnings of affiliates............................................................... (2,510) 731 (59) (6,975)
Interest income ................................................................................................ 246 213 186 452
Interest expense............................................................................................... (6,813) (5,441) (6,473) (8,059)
Other income (expense), net ............................................................................ 6,143 9,471 8,279 (2,458)
Income before income taxes................................................................................. 74,340 111,659 88,289 101,098
Provision for income taxes.................................................................................... 29,150 43,750 36,600 40,100
Net income .......................................................................................................... 45,190 67,909 51,689 60,998
Redeemable preferred stock dividends................................................................. (475) (237) (237) —
Net income available for common shares.............................................................. $ 44,715 $ 67,672 $ 51,452 $ 60,998
Basic earnings per common share ....................................................................... $ 4.43 $ 6.70 $ 5.12 $ 6.11
Diluted earnings per common share ..................................................................... $ 4.41 $ 6.67 $ 5.10 $ 6.09
Basic average number of common shares outstanding.......................................... 10,098 10,098 10,060 9,988
Diluted average number of common shares outstanding ....................................... 10,143 10,140 10,101 10,008
1999 Quarterly Comprehensive Income.............................................................. $ 47,803 $ 50,808 $ 19,615 $ 67,559
The sum of the four quarters may not necessarily be equal to the annual amounts reported in the Consolidated Statements of Income due to rounding.