Washington Post 2010 Annual Report Download - page 109

First
Quarter Second Quarter Third Quarter Fourth Quarter
2009 Quarterly Operating Results
Operating Revenues
Education ............................................. $ 593,530 $ 649,323 $ 684,516 $ 709,269
Advertising ............................................ 177,479 191,904 179,804 228,971
Circulation and subscriber ................................. 209,030 209,624 211,773 215,421
Other ................................................ 28,261 32,328 32,701 32,582
1,008,300 1,083,179 1,108,794 1,186,243
Operating Costs and Expenses
Operating ............................................ 459,175 478,420 461,867 469,285
Selling, general and administrative .......................... 456,339 495,201 471,249 493,388
Depreciation of property, plant and equipment .................. 77,168 82,914 68,897 62,705
Amortization of intangible assets ............................ 6,648 7,191 6,767 6,036
Impairment of goodwill and other long-lived assets ............... — — 25,387 —
999,330 1,063,726 1,034,167 1,031,414
Income from Operations 8,970 19,453 74,627 154,829
Equity in losses of affiliates, net ............................. (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 from Continuing Operations Before Income Taxes ..... (2,907) 31,740 40,560 143,294
(Benefit) Provision for Income Taxes ............................ (1,000) 11,400 14,600 51,400
(Loss) Income from Continuing Operations ....................... (1,907) 20,340 25,960 91,894
Loss from Discontinued Operations, Net of Tax ................... (17,576) (8,972) (8,894) (9,645)
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 The Washington Post Company
common stockholders ..................................... $ (19,168) $ 12,249 $ 17,050 $ 81,715
Amounts Attributable to The Washington Post Company Common
Stockholders:
(Loss) income from continuing operations ........................ $ (1,592) $ 21,221 $ 25,944 $ 91,360
Loss from discontinued operations, net of tax ..................... (17,576) (8,972) (8,894) (9,645)
Net (loss) income available for The Washington Post Company common
stockholders ........................................... $ (19,168) $ 12,249 $ 17,050 $ 81,715
Per Share Information Attributable to The Washington Post Company
Common Stockholders:
Basic (loss) income per common share from continuing operations ..... $ (0.16) $ 2.25 $ 2.76 $ 9.74
Basic loss per common share from discontinued operations ........... (1.88) (0.95) (0.95) (1.03)
Basic net (loss) income per common share ....................... $ (2.04) $ 1.30 $ 1.81 $ 8.71
Diluted (loss) income per common share from continuing operations .... $ (0.16) $ 2.25 $ 2.76 $ 9.74
Diluted loss per common share from discontinued operations ......... (1.88) (0.95) (0.95) (1.03)
Diluted net (loss) income per common share ...................... $ (2.04) $ 1.30 $ 1.81 $ 8.71
Basic average number of common shares outstanding .............. 9,339 9,340 9,340 9,311
Diluted average number of common 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 Operations due to rounding.
2010 FORM 10-K 93