Washington Post 2011 Annual Report Download - page 103

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The Company’s education division comprises the following operating segments:
Fiscal Year Ended
(in thousands) 2011 2010 2009
Operating Revenues
Higher education ........................................................ $1,399,582 $1,905,038 $1,653,276
Test preparation(1) ........................................................ 303,093 314,879 336,788
Kaplan international ...................................................... 690,225 585,924 537,238
Kaplan ventures ......................................................... 74,946 59,296 57,210
Kaplan corporate and other ................................................. 4,585 5,537 2,436
Intersegment elimination .................................................... (7,383) (8,395) (10,786)
$2,465,048 $2,862,279 $2,576,162
Income (loss) from operations
Higher education ........................................................ $ 148,915 $ 406,880 $ 284,357
Test preparation(1) ........................................................ (28,498) (32,583) (18,029)
Kaplan international ...................................................... 46,498 56,152 53,772
Kaplan ventures ......................................................... (10,093) (17,490) (9,286)
Kaplan corporate and other ................................................. (66,268) (65,992) (83,843)
Intersegment elimination .................................................... (1,120) (234) 310
$ 89,434 $ 346,733 $ 227,281
Depreciation of property, plant and equipment
Higher education ........................................................ $ 48,379 $ 42,412 $ 42,813
Test preparation ......................................................... 15,489 14,095 17,941
Kaplan international ...................................................... 16,747 12,839 11,438
Kaplan ventures ......................................................... 4,189 4,109 3,911
Kaplan corporate and other ................................................. 2,914 3,851 4,300
$ 87,718 $ 77,306 $ 80,403
Amortization of intangible assets .............................................. $ 21,167 $ 21,406 $ 21,191
Impairment of goodwill and other long-lived assets ................................ $—$—$ 8,492
Kaplan stock-based incentive compensation (credit) expense ......................... $ (1,290) $ (1,179) $ 933
Capital Expenditures
Higher education ........................................................ $ 19,735 $ 58,660 $ 69,131
Test preparation ......................................................... 17,266 32,798 15,900
Kaplan international ...................................................... 16,304 14,163 13,900
Kaplan ventures ......................................................... 2,762 3,050 3,710
Kaplan corporate and other ................................................. (1,434) 5,109 1,641
$ 54,633 $ 113,780 $ 104,282
Identifiable assets
Higher education ........................................................ $ 936,029 $1,043,503 $1,018,256
Test preparation ......................................................... 334,343 290,368 285,673
Kaplan international ...................................................... 809,267 675,127 671,250
Kaplan ventures ......................................................... 89,043 93,359 58,421
Kaplan corporate and other ................................................. 7,558 94,920 154,728
$ 2,176,240 $2,197,277 $2,188,328
(1) Test Preparation amounts include revenues of $8.6 million and operating losses of $36.8 million from Score for the fiscal year ended 2009.
2011 FORM 10-K 91