Washington Post 2011 Annual Report Download - page 77

THE WASHINGTON POST COMPANY
CONSOLIDATED BALANCE SHEETS
As of
(In thousands, except share amounts) December 31,
2011 January 2, 2011
Assets
Current Assets
Cash and cash equivalents ............................................................... $ 381,099 $ 437,740
Restricted cash ........................................................................ 25,287 31,138
Investments in marketable equity securities and other investments .................................... 338,674 373,750
Accounts receivable, net ................................................................. 392,725 397,024
Income taxes receivable ................................................................. 16,990 33,307
Deferred income taxes .................................................................. 13,343 15,318
Inventories ........................................................................... 6,571 4,984
Other current assets .................................................................... 70,936 68,637
Total Current Assets ............................................................... 1,245,625 1,361,898
Property, Plant and Equipment, Net ...................................................... 1,152,390 1,200,726
Investments in Affiliates ................................................................ 17,101 31,637
Goodwill, Net ....................................................................... 1,414,997 1,376,357
Indefinite-Lived Intangible Assets, Net ..................................................... 530,641 530,816
Amortized Intangible Assets, Net ......................................................... 54,622 61,242
Prepaid Pension Cost .................................................................. 537,262 538,753
Deferred Charges and Other Assets ...................................................... 64,348 56,938
Total Assets ........................................................................ $ 5,016,986 $ 5,158,367
Liabilities and Equity
Current Liabilities
Accounts payable and accrued liabilities ..................................................... $ 495,041 $ 626,188
Deferred revenue ...................................................................... 387,532 379,089
Short-term borrowings .................................................................. 112,983 3,000
Total Current Liabilities ............................................................. 995,556 1,008,277
Postretirement Benefits Other Than Pensions ................................................ 67,864 64,342
Accrued Compensation and Related Benefits ................................................ 228,304 231,034
Other Liabilities ...................................................................... 107,741 119,036
Deferred Income Taxes ................................................................ 545,361 506,405
Long-Term Debt ...................................................................... 452,229 396,650
Total Liabilities ................................................................... 2,397,055 2,325,744
Commitments and Contingencies (Notes 15 and 16)
Redeemable Noncontrolling Interest ...................................................... 6,740 6,733
Redeemable Preferred Stock, Series A, $1 par value, with a redemption and liquidation value of $1,000 per
share; 23,000 shares authorized; 11,295 and 11,526 shares issued and outstanding ................... 11,295 11,526
Preferred Stock, $1 par value; 977,000 shares authorized, none issued ............................... ——
Common Stockholders’ Equity
Common stock
Class A Common stock, $1 par value; 7,000,000 shares authorized; 1,229,383 and 1,240,883 shares
issued and outstanding .............................................................. 1,229 1,241
Class B Common stock, $1 par value; 40,000,000 shares authorized; 18,770,617 and 18,759,117
shares issued; 6,361,617 and 6,952,973 shares outstanding ................................. 18,771 18,759
Capital in excess of par value ............................................................. 252,767 249,719
Retained earnings ...................................................................... 4,561,989 4,520,332
Accumulated other comprehensive income, net of taxes
Cumulative foreign currency translation adjustment ............................................ 21,338 37,606
Unrealized gain on available-for-sale securities ............................................... 80,358 70,707
Unrealized gain on pensions and other postretirement plans ..................................... 63,625 73,826
Cash flow hedge .................................................................... 8—
Cost of 12,409,000 and 11,806,144 shares of Class B common stock held in treasury ................. (2,398,189) (2,157,826)
Total Equity ..................................................................... 2,601,896 2,814,364
Total Liabilities and Equity ........................................................ $ 5,016,986 $ 5,158,367
See accompanying Notes to Consolidated Financial Statements.
2011 FORM 10-K 65