Washington Post 2009 Annual Report Download - page 96

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R. SUMMARY OF QUARTERLY OPERATING RESULTS AND COMPREHENSIVE INCOME (UNAUDITED)
Quarterly results of operations and comprehensive income for the years ended January 3, 2010 and December 28, 2008 are as follows:
(in thousands, except per share amounts) First
Quarter Second
Quarter Third
Quarter Fourth
Quarter
2009 Quarterly Operating Results
Operating revenues
Education .................................................. $ 593,530 $ 649,323 $ 684,516 $ 709,269
Advertising .................................................. 197,310 211,493 195,320 253,986
Circulation and subscriber ...................................... 231,882 231,252 232,440 236,828
Other ..................................................... 31,398 36,400 36,435 38,349
1,054,120 1,128,468 1,148,711 1,238,432
Operating costs and expenses
Operating .................................................. 495,093 513,938 491,457 502,450
Selling, general and administrative ................................ 494,005 517,581 493,773 519,542
Depreciation of property, plant and equipment ....................... 77,980 83,577 70,094 64,220
Amortization of intangible assets .................................. 6,648 7,191 6,767 6,036
Impairment of goodwill and other long-lived assets ..................... — — 25,387 —
1,073,726 1,122,287 1,087,478 1,092,248
(Loss) income from operations (19,606) 6,181 61,233 146,184
Equity in (losses) earnings of affiliates ............................... (762) (206) (27,192) (1,261)
Interest income ............................................... 808 475 555 759
Interest expense .............................................. (7,880) (7,701) (7,533) (8,451)
Other (expense) income, net ..................................... (4,043) 19,719 103 (2,582)
(Loss) income before income taxes .................................. (31,483) 18,468 27,166 134,649
(Benefit) provision for income taxes .................................. (12,000) 7,100 10,100 52,400
Net (loss) income ............................................... (19,483) 11,368 17,066 82,249
Net loss (income) attributable to noncontrolling interests ................... 788 1,106 214 (534)
Net (loss) income attributable to The Washington Post Company ............ (18,695) 12,474 17,280 81,715
Redeemable preferred stock dividends ............................... (473) (225) (230) —
Net (loss) income available for common shares ......................... $ (19,168) $ 12,249 $ 17,050 $ 81,715
Basic (loss) earnings per common share .............................. $ (2.04) $ 1.30 $ 1.81 $ 8.71
Diluted (loss) earnings per common share ............................. $ (2.04) $ 1.30 $ 1.81 $ 8.71
Basic average shares outstanding ................................... 9,339 9,340 9,340 9,311
Diluted average shares outstanding .................................. 9,339 9,400 9,401 9,372
2009 Quarterly comprehensive (loss) income .......................... $ (12,580) $ 23,835 $ 52,628 $ 144,083
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 2009.
82 THE WASHINGTON POST COMPANY