Washington Post 2007 Annual Report Download - page 97

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First
Quarter Second
Quarter Third
Quarter Fourth
Quarter
2006 Quarterly Operating Results
Operating revenues
Education . ............................................. $408,934 $409,244 $420,604 $ 445,359
Advertising ............................................. 327,165 346,390 312,238 372,946
Circulation and subscriber .................................... 187,046 193,099 192,694 199,411
Other................................................. 25,135 20,308 21,358 22,996
948,280 969,041 946,894 1,040,712
Operating costs and expenses
Operating. ............................................. 421,423 415,271 429,564 472,660
Selling, general and administrative . . . ........................... 338,684 405,675 347,230 392,414
Depreciation of property, plant and equipment ....................... 49,025 49,512 49,929 56,829
Amortization of intangibles and goodwill impairment charge .............. 1,389 1,378 11,525 2,615
810,521 871,836 838,248 924,518
Income from operations . . . .................................... 137,759 97,205 108,646 116,194
Equity in (losses) earnings of affiliates . . ........................... (179) (562) (625) 2,156
Interest income . . ......................................... 1,603 2,539 2,967 3,322
Interest expense . ......................................... (6,259) (6,439) (6,400) (6,245)
Other income (expense), net . . ................................ (175) 33,701 4,708 35,218
Income before income taxes and cumulative effect of change in accounting principle . . 132,749 126,444 109,296 150,645
Provision for income taxes . .................................... 50,800 47,700 36,000 55,100
Income before cumulative effect of change in accounting principle . . .......... 81,949 78,744 73,296 95,545
Cumulative effect of change in method of accounting for share-based payments, net
of taxes . . ............................................. (5,075) — — —
Net income . ............................................. 76,874 78,744 73,296 95,545
Redeemable preferred stock dividends . . . ........................... (491) (245) (245) —
Net income available for common shares . ........................... $ 76,383 $ 78,499 $ 73,051 $ 95,545
Basic earnings per share:
Before cumulative effect of change in accounting principle . . . .............. $ 8.51 $ 8.20 $ 7.62 $ 10.01
Cumulative effect of change in accounting principle . . ................... (0.53) — — —
Net income available for common shares . ........................... $ 7.98 $ 8.20 $ 7.62 $ 10.01
Diluted earnings per share:
Before cumulative effect of change in accounting principle . . . .............. $ 8.48 $ 8.17 $ 7.60 $ 9.97
Cumulative effect of change in accounting principle . . ................... (0.53) — — —
Net income available for common shares . ........................... $ 7.95 $ 8.17 $ 7.60 $ 9.97
Basic average shares outstanding. ................................ 9,570 9,575 9,581 9,548
Diluted average shares outstanding ................................ 9,606 9,613 9,617 9,581
2006 Quarterly comprehensive income . . ........................... $ 85,633 $ 71,544 $ 83,256 $ 127,977
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.
Refer to page 82 for quarterly impact from certain unusual items in 2006.
2007 FORM 10-K 81