Washington Post 2010 Annual Report Download - page 105

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Company information broken down by operating segment and education division:
Fiscal Year Ended
(in thousands) 2010 2009 2008
Operating revenues
Education ........................................................................ $2,901,811 $2,636,638 $2,331,580
Cable television .................................................................... 759,884 750,409 719,070
Newspaper publishing ............................................................... 680,373 679,282 801,265
Television broadcasting .............................................................. 342,164 272,651 325,146
Other businesses ................................................................... 46,395 53,921 39,411
Corporate office ................................................................... ———
Intersegment elimination .............................................................. (7,054) (6,385) (4,757)
$4,723,573 $4,386,516 $4,211,715
Income (loss) from operations
Education ........................................................................ $ 330,903 $ 194,761 $ 206,302
Cable television .................................................................... 163,945 169,051 162,202
Newspaper publishing ............................................................... (9,826) (163,549) (192,739)
Television broadcasting .............................................................. 121,348 70,506 123,495
Other businesses ................................................................... (34,966) (61) (69,835)
Corporate office ................................................................... (24,572) (12,829) 2,495
$ 546,832 $ 257,879 $ 231,920
Equity in losses of affiliates ................................................................ (4,133) (29,421) (7,837)
Interest expense, net ..................................................................... (27,927) (28,968) (18,986)
Other, net ............................................................................. 8,652 13,197 (2,189)
Income from continuing operations, before income taxes ........................................ $ 523,424 $ 212,687 $ 202,908
Depreciation of property, plant and equipment
Education ........................................................................ $ 78,461 $ 81,478 $ 67,329
Cable television .................................................................... 124,834 124,207 121,310
Newspaper publishing ............................................................... 30,341 72,870 64,983
Television broadcasting .............................................................. 12,720 12,299 9,400
Other businesses ................................................................... 270 151 54
Corporate office ................................................................... 1,159 679 478
$ 247,785 $ 291,684 $ 263,554
Amortization of intangible assets
Education ........................................................................ $ 21,855 $ 22,223 $ 15,472
Cable television .................................................................... 327 310 307
Newspaper publishing ............................................................... 1,223 1,010 625
Television broadcasting .............................................................. ———
Other businesses ................................................................... 3,786 3,099 6,121
Corporate office ................................................................... ———
$ 27,191 $ 26,642 $ 22,525
Impairment of goodwill and other long-lived assets
Education ........................................................................ $—$ 25,387 $ —
Cable television .................................................................... ———
Newspaper publishing ............................................................... —— 65,772
Television broadcasting .............................................................. ———
Other businesses ................................................................... 27,477 — 69,667
Corporate office ................................................................... ———
$ 27,477 $ 25,387 $ 135,439
Net pension (expense) credit
Education ........................................................................ $ (5,707) $ (5,414) $ (4,255)
Cable television .................................................................... (1,919) (1,851) (1,534)
Newspaper publishing1.............................................................. (42,287) (75,925) (87,962)
Television broadcasting .............................................................. (1,113) (418) 1,041
Other businesses ................................................................... (65) (82) (67)
Corporate office ................................................................... 34,599 33,836 39,827
$ (16,492) $ (49,854) $ (52,950)
Capital expenditures
Education ........................................................................ $ 114,890 $ 106,337 $ 99,291
Cable television .................................................................... 109,579 84,027 114,176
Newspaper publishing ............................................................... 10,590 18,856 28,428
Television broadcasting .............................................................. 6,675 13,559 40,729
Other businesses ................................................................... 463 926 1,624
Corporate office ................................................................... ———
$ 242,197 $ 223,705 $ 284,248
Identifiable assets
Education ........................................................................ $2,197,277 $2,188,328 $2,080,037
Cable television .................................................................... 1,141,427 1,164,209 1,204,373
Newspaper publishing ............................................................... 206,305 207,234 383,849
Television broadcasting .............................................................. 436,289 433,705 412,129
Other businesses ................................................................... 30,038 54,418 57,092
Corporate office ................................................................... 774,484 729,706 611,198
$4,785,820 $4,777,600 $4,748,678
Investments in marketable equity securities ................................................... 340,910 353,884 333,319
Investments in affiliates ................................................................... 31,637 54,722 76,437
Total Assets ............................................................................ $5,158,367 $5,186,206 $5,158,434
1Includes a $20.4 million charge in 2010 related to the withdrawal from a multiemployer pension plan.
2010 FORM 10-K 89