Washington Post 2001 Annual Report Download - page 10

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37
Fiscal year ended
December 30, December 31, January 2,
(in thousands, except per share amounts) 2001 2000 2000
Operating Revenues
Advertising ................................................................ $ 1,209,327 $ 1,396,583 $ 1,330,560
Circulation and subscriber ................................................ 658,620 601,258 579,693
Education ................................................................. 493,271 352,753 240,075
Other ...................................................................... 55,455 61,556 65,243
2,416,673 2,412,150 2,215,571
Operating Costs and Expenses
Operating ................................................................. 1,392,750 1,308,063 1,189,734
Selling, general, and administrative....................................... 586,758 583,623 474,586
Depreciation of property, plant, and equipment........................... 138,300 117,948 104,235
Amortization of goodwill and other intangibles............................ 78,933 62,634 58,563
2,196,741 2,072,268 1,827,118
Income from Operations ...................................................... 219,932 339,882 388,453
Equity in losses of affiliates ............................................... (68,659) (36,466) (8,814)
Interest income............................................................ 2,167 967 1,097
Interest expense .......................................................... (49,640) (54,731) (26,786)
Other income (expense), net.............................................. 283,739 (19,782) 21,435
Income Before Income Taxes.................................................. 387,539 229,870 375,385
Provision for Income Taxes ................................................... 157,900 93,400 149,600
Net Income ................................................................... 229,639 136,470 225,785
Redeemable Preferred Stock Dividends ....................................... (1,052) (1,026) (950)
Net Income Available for Common Shares ..................................... $ 228,587 $ 135,444 $ 224,835
Basic Earnings per Common Share............................................ $ 24.10 $ 14.34 $ 22.35
Diluted Earnings per Common Share .......................................... $ 24.06 $ 14.32 $ 22.30
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Fiscal year ended
December 30, December 31, January 2,
(in thousands) 2001 2000 2000
Net Income ................................................................... $ 229,639 $ 136,470 $ 225,785
Other Comprehensive Income (Loss)
Foreign currency translation adjustments................................. (3,104) (1,685) (3,289)
Change in net unrealized gain on available-for-sale securities ........... 14,528 13,527 (48,176)
Less reclassification adjustment for
realized losses (gains) included in net income......................... 3,238 (197) (11,995)
14,662 11,645 (63,460)
Income tax (expense) benefit related to other
comprehensive income (loss) .......................................... (6,987) (5,097) 23,460
7,675 6,548 (40,000)
Comprehensive Income ....................................................... $ 237,314 $ 143,018 $ 185,785
The information on pages 42 through 54 is an integral part of the financial statements.
THE WASHINGTON POST COMPANY
CONSOLIDATED STATEMENTS OF INCOME