Washington Post 2004 Annual Report Download - page 4

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THE WASHINGTON POST COMPANY 2
For Red Sox fans and The Washington Post Company, 2004 was annus mirabilis,
an amazing year. Many, many things went well for our company. Some were
long planned and the result of careful work; others were strokes of luck.
One statistic sums it up. Operating income of $563 million was $175 million
higher than the best year we ever had, $388 million in 1999. (Goodwill
amortization was deducted from operating income then, so, if that is added
back, 1999 operating income was $447 million.)
It is especially pleasing to report that every division of the company participated,
growing operating income over 2003.
To Our Shareholders
A LETTER FROM DONALD E. GRAHAM