Washington Post 2008 Annual Report Download - page 95

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First
Quarter Second
Quarter Third
Quarter Fourth
Quarter
2007 Quarterly Operating Results
Operating revenues
Education .................................................... $475,781 $ 503,487 $ 514,595 $ 537,026
Advertising ................................................... 292,791 318,310 282,251 341,291
Circulation and subscriber ........................................ 196,751 202,365 203,307 215,384
Other ....................................................... 20,285 22,611 22,351 31,820
985,608 1,046,773 1,022,504 1,125,521
Operating costs and expenses
Operating .................................................... 450,675 464,040 467,926 500,343
Selling, general and administrative .................................. 386,757 399,099 384,603 411,137
Depreciation of property, plant and equipment ......................... 53,449 54,060 55,722 58,008
Amortization of intangibles ........................................ 2,732 4,314 3,787 6,738
893,613 921,513 912,038 976,226
Income from operations ............................................ 91,995 125,260 110,466 149,295
Equity in earnings (losses) of affiliates ................................ 9,083 (135) (622) (2,351)
Interest income ................................................ 3,276 2,705 3,011 2,346
Interest expense ................................................ (5,925) (6,159) (6,014) (5,948)
Other income (expense), net ....................................... 801 4,345 10,121 (4,443)
Income before income taxes ........................................ 99,230 126,016 116,962 138,899
Provision for income taxes .......................................... 34,800 57,200 44,500 56,000
Net income .................................................... 64,430 68,816 72,462 82,899
Redeemable preferred stock dividends ................................. (485) (230) (237) —
Net income available for common shares ............................... $ 63,945 $ 68,586 $ 72,225 $ 82,899
Basic earnings per common share .................................... $ 6.72 $ 7.22 $ 7.62 $ 8.75
Diluted earnings per common share ................................... $ 6.70 $ 7.19 $ 7.60 $ 8.71
Basic average shares outstanding .................................... 9,513 9,502 9,473 9,479
Diluted average shares outstanding ................................... 9,547 9,536 9,509 9,512
2007 Quarterly comprehensive income ................................ $ 66,099 $ 80,022 $ 99,595 $ 159,866
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 84 for quarterly impact from certain unusual items in 2007.
2008 FORM 10-K 83