Washington Post 2011 Annual Report Download - page 102

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Company information broken down by operating segment and education division:
Fiscal Year Ended
(in thousands) 2011 2010 2009
Operating Revenues
Education ............................................................................. $2,465,048 $2,862,279 $2,576,162
Cable television ........................................................................ 760,221 759,884 750,409
Newspaper publishing ................................................................... 648,039 680,373 679,282
Television broadcasting ................................................................... 319,206 342,164 272,651
Other businesses ........................................................................ 26,135 46,395 53,921
Corporate office ........................................................................ ———
Intersegment elimination ................................................................... (3,816) (7,054) (6,385)
$4,214,833 $4,684,041 $4,326,040
Income (loss) from operations
Education ............................................................................. $ 89,434 $ 346,733 $ 227,281
Cable television ........................................................................ 156,844 163,945 169,051
Newspaper publishing ................................................................... (18,200) (9,826) (163,549)
Television broadcasting ................................................................... 117,089 121,348 70,506
Other businesses ........................................................................ (34,787) (34,966) (61)
Corporate office ........................................................................ (14,422) (24,572) (12,829)
$ 295,958 $ 562,662 $ 290,399
Equity in earnings (losses) of affiliates, net ...................................................... 5,949 (4,133) (29,421)
Interest expense, net ...................................................................... (29,079) (27,927) (28,968)
Other (expense) income, net ................................................................ (55,200) 7,515 13,197
Income from continuing operations before income taxes ........................................... $ 217,628 $ 538,117 $ 245,207
Depreciation of property, plant and equipment
Education ............................................................................. $ 87,718 $ 77,306 $ 80,403
Cable television ........................................................................ 126,302 124,834 124,207
Newspaper publishing ................................................................... 26,336 30,341 72,870
Television broadcasting ................................................................... 12,448 12,720 12,299
Other businesses ........................................................................ 325 270 151
Corporate office ........................................................................ 244 1,159 679
$ 253,373 $ 246,630 $ 290,609
Amortization of intangible assets
Education ............................................................................. $ 21,167 $ 21,406 $ 21,191
Cable television ........................................................................ 267 327 310
Newspaper publishing ................................................................... 1,051 1,223 1,010
Television broadcasting ................................................................... ———
Other businesses ........................................................................ 5,874 3,786 3,099
Corporate office ........................................................................ ———
$ 28,359 $ 26,742 $ 25,610
Impairment of goodwill and other intangible assets
Education ............................................................................. $—$—$ 8,492
Cable television ........................................................................ ———
Newspaper publishing ................................................................... ———
Television broadcasting ................................................................... ———
Other businesses ........................................................................ 11,923 27,477 —
Corporate office ........................................................................ ———
$ 11,923 $ 27,477 $ 8,492
Net pension credit (expense)
Education ............................................................................. $ (6,345) $ (5,707) $ (5,414)
Cable television ........................................................................ (1,924) (1,919) (1,851)
Newspaper publishing(1) ................................................................... (25,300) (42,287) (75,925)
Television broadcasting ................................................................... (1,669) (1,113) (418)
Other businesses ........................................................................ (68) (65) (82)
Corporate office ........................................................................ 36,983 34,599 33,836
$ 1,677 $ (16,492) $ (49,854)
Capital expenditures
Education .............................................................................. $ 54,633 $ 113,780 $ 104,282
Cable television ......................................................................... 143,225 109,579 84,027
Newspaper publishing .................................................................... 11,405 10,590 18,856
Television broadcasting ................................................................... 6,415 6,675 13,559
Other businesses ........................................................................ 163 463 926
Corporate office ......................................................................... ———
$ 215,841 $ 241,087 $ 221,650
Identifiable assets
Education .............................................................................. $2,176,240 $2,197,277 $2,188,328
Cable television ......................................................................... 1,145,596 1,141,427 1,164,209
Newspaper publishing .................................................................... 118,253 206,305 207,234
Television broadcasting ................................................................... 421,764 436,289 433,705
Other businesses ........................................................................ 11,190 30,038 54,418
Corporate office ......................................................................... 823,641 774,484 729,706
$4,696,684 $4,785,820 $4,777,600
Investments in marketable equity securities ...................................................... 303,201 340,910 353,884
Investments in affiliates ..................................................................... 17,101 31,637 54,722
Total Assets .............................................................................. $5,016,986 $5,158,367 $5,186,206
(1) Includes a $2.4 million and $20.4 million charge in 2011 and 2010, respectively, related to the withdrawal from a multiemployer pension plan.
90 THE WASHINGTON POST COMPANY