Washington Post 2000 Annual Report Download - page 27

Ten-Year Summary of Selected Historical Financial Data
See Notes to Consolidated Financial Statements for the summary of significant accounting policies and additional information relative to the
years 1998 – 2000.
(in thousands, except per share amounts) 2000 1999 1998
Results of Operations
Operating revenue................................................................................................................... $ 2,412,150 $ 2,215,571 $ 2,110,360
Income from operations .......................................................................................................... $ 339,882 $ 388,453 $ 378,897
Income before cumulative effect of changes in accounting principle ........................................ $ 136,470 $ 225,785 $ 417,259
Cumulative effect of change in method of accounting for income taxes .................................... — — —
Cumulative effect of change in method of accounting for postretirement
benefits other than pensions ............................................................................................... — — —
Net income............................................................................................................................. $ 136,470 $ 225,785 $ 417,259
Per Share Amounts
Basic earnings per common share
Income before cumulative effect of changes in accounting principles................................... $ 14.34 $ 22.35 $ 41.27
Cumulative effect of changes in accounting principles ......................................................... — — —
Net income......................................................................................................................... $ 14.34 $ 22.35 $ 41.27
Basic average shares outstanding........................................................................................ 9,445 10,061 10,087
Diluted earnings per share
Income before cumulative effect of changes in accounting principles................................... $ 14.32 $ 22.30 $ 41.10
Cumulative effect of changes in accounting principles ......................................................... — — —
Net income......................................................................................................................... $ 14.32 $ 22.30 $ 41.10
Diluted average shares outstanding ..................................................................................... 9,460 10,082 10,129
Cash dividends ....................................................................................................................... $ 5.40 $ 5.20 $ 5.00
Common shareholders’ equity ................................................................................................. $ 156.55 $ 144.90 $ 157.34
Financial Position
Current assets......................................................................................................................... $ 405,067 $ 476,159 $ 404,878
Working capital (deficit)........................................................................................................... (3,730) (346,389) 15,799
Property, plant, and equipment ............................................................................................... 927,061 854,906 841,062
Total assets ............................................................................................................................. 3,200,743 2,986,944 2,729,661
Long-term debt ....................................................................................................................... 873,267 397,620 395,000
Common shareholders’ equity ................................................................................................. 1,481,007 1,367,790 1,588,103
52 The Washington Post Company