Washington Post 2002 Annual Report Download - page 56

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Newspaper Television Magazine Cable Corporate
(in thousands) Publishing Broadcasting Publishing Television Education Office Consolidated
2002
Operating revenues************************* $841,984 $343,552 $349,050 $ 428,492 $621,125 $ — $2,584,203
Income (loss) from operations**************** $109,006 $168,826 $ 25,728 $ 80,937 $ 20,512 $(27,419) $ 377,590
Equity in losses of affiliates****************** (19,308)
Interest expense, net ************************ (33,487)
Other income, net ************************** 28,873
Income before income taxes *************** $ 353,668
Identifiable assets*************************** $690,197 $413,663 $488,562 $1,142,995 $542,251 $ 18,990 $3,296,658
Investments in marketable equity securities**** 216,533
Investments in affiliates********************** 70,703
Total assets******************************* $3,583,894
Depreciation of property, plant and
equipment******************************** $ 42,961 $ 11,187 $ 4,124 $ 88,751 $ 24,885 $ — $ 171,908
Amortization expense *********************** $ 15 $ — $ — $ 155 $ 485 $ — $ 655
Pension credit (expense)********************* $ 18,902 $ 4,730 $ 23,814 $ (814) $ (1,186) $ — $ 45,446
Kaplan stock-based incentive compensation ** $ 34,531 $ 34,531
Capital expenditures************************ $ 27,280 $ 8,784 $ 1,672 $ 92,499 $ 22,757 $ — $ 152,992
2001
Operating revenues************************* $842,721 $314,010 $374,575 $ 386,037 $493,681 $ — $2,411,024
Income (loss) from operations**************** $ 84,744 $131,847 $ 25,306 $ 32,237 $ (28,337) $(25,865) $ 219,932
Equity in losses of affiliates****************** (68,659)
Interest expense, net ************************ (47,473)
Other income, net ************************** 283,739
Income before income taxes *************** $ 387,539
Pro forma income (loss) from operations(1)
**** $ 88,592 $145,982 $ 31,975 $ 70,634 $ (13,061) $(25,865) $ 298,257
Identifiable assets*************************** $703,947 $419,246 $486,804 $1,117,426 $472,988 $ 42,346 $3,242,757
Investments in marketable equity securities**** 235,405
Investments in affiliates********************** 80,936
Total assets******************************* $3,559,098
Depreciation of property, plant and
equipment******************************** $ 37,862 $ 11,932 $ 4,654 $ 64,505 $ 19,347 $ — $ 138,300
Amortization expense *********************** $ 3,864 $ 14,135 $ 6,669 $ 38,553 $ 15,712 $ — $ 78,933
Pension credit (expense)********************* $ 25,197 $ 6,263 $ 44,989 $ (638) $ (847) $ (1,363) $ 73,601
Kaplan stock-based incentive compensation ** $ 25,302 $ 25,302
Capital expenditures************************ $ 32,551 $ 11,032 $ 1,737 $ 166,887 $ 12,020 $ — $ 224,227
2000
Operating revenues************************* $918,234 $364,758 $413,904 $ 358,916 $353,821 $ — $2,409,633
Income (loss) from operations**************** $114,435 $177,396 $ 49,119 $ 65,967 $ (41,846) $(25,189) $ 339,882
Equity in losses of affiliates****************** (36,466)
Interest expense, net ************************ (53,764)
Other expense, net ************************* (19,782)
Income before income taxes *************** $ 229,870
Pro forma income (loss) from operations(1)
**** $116,023 $191,531 $ 55,877 $ 95,906 $ (32,012) $(25,189) $ 402,136
Identifiable assets*************************** $684,908 $430,444 $452,453 $ 757,083 $482,014 $ 41,075 $2,847,977
Investments in marketable equity securities**** 221,137
Investments in affiliates********************** 131,629
Total assets******************************* $3,200,743
Depreciation of property, plant and
equipment******************************** $ 38,579 $ 12,991 $ 5,059 $ 47,670 $ 13,649 $ — $ 117,948
Amortization expense *********************** $ 1,588 $ 14,135 $ 6,758 $ 30,069 $ 10,084 $ — $ 62,634
Pension (expense) credit********************* $ (5,579) $ 5,767 $ 37,341 $ (599) $ (667) $ — $ 36,263
Kaplan stock-based incentive compensation ** $ 6,000 $ 6,000
Capital expenditures************************ $ 33,117 $ 11,672 $ 1,858 $ 96,167 $ 29,569 $ — $ 172,383
(1) 2001 and 2000 results, adjusted to exclude amortization of goodwill and indefinite-lived intangible assets no longer amortized under SFAS 142.
54 THE WASHINGTON POST COMPANY