Washington Post 2012 Annual Report Download - page 108

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Company information broken down by operating segment and education division:
Fiscal Year Ended
(in thousands) 2012 2011 2010
Operating Revenues
Education ...........................................................................$2,196,496 $2,404,459 $2,804,840
Cable television ....................................................................... 787,117 760,221 759,884
Newspaper publishing .................................................................. 581,686 622,532 675,931
Television broadcasting ................................................................. 399,691 319,206 342,164
Other businesses ...................................................................... 53,540 25,507 4,442
Corporate office ....................................................................... ———
Intersegment elimination ................................................................. (877) (780) (844)
$4,017,653 $4,131,145 $4,586,417
Income (Loss) from Operations
Education ...........................................................................$ (105,368) $ 96,286 $ 359,584
Cable television ....................................................................... 154,581 156,844 163,945
Newspaper publishing .................................................................. (53,702) (21,204) (11,115)
Television broadcasting ................................................................. 191,642 117,089 121,348
Other businesses ...................................................................... (23,244) (8,735) (6,326)
Corporate office ....................................................................... (19,378) (14,422) (24,572)
$ 144,531 $ 325,858 $ 602,864
Equity in Earnings (Losses) of Affiliates, Net ................................................... 14,086 5,949 (4,133)
Interest Expense, Net .................................................................... (32,551) (29,079) (27,927)
Other (Expense) Income, Net ............................................................... (5,456) (55,200) 7,515
Income from Continuing Operations before Income Taxes .........................................$ 120,610 $ 247,528 $ 578,319
Depreciation of Property, Plant and Equipment
Education ...........................................................................$ 101,183 $ 83,735 $ 73,351
Cable television ....................................................................... 129,107 126,302 124,834
Newspaper publishing .................................................................. 25,072 26,336 30,341
Television broadcasting ................................................................. 13,018 12,448 12,720
Other businesses ...................................................................... 263 ——
Corporate office ....................................................................... —244 1,159
$ 268,643 $ 249,065 $ 242,405
Amortization of Intangible Assets and Impairment of Goodwill and Other Long-Lived Assets
Education ...........................................................................$ 129,312 $ 19,417 $ 19,202
Cable television ....................................................................... 211 267 327
Newspaper publishing .................................................................. 654 1,051 1,223
Television broadcasting ................................................................. ———
Other businesses ...................................................................... 2,418 1,600 800
Corporate office ....................................................................... ———
$ 132,595 $ 22,335 $ 21,552
Net Pension Expense (Credit)
Education ...........................................................................$ 11,584 $ 6,345 $ 5,707
Cable television ....................................................................... 2,540 1,924 1,919
Newspaper publishing (1) ................................................................ 42,436 25,283 42,287
Television broadcasting ................................................................. 4,970 1,669 1,113
Other businesses ...................................................................... 60 17 —
Corporate office ....................................................................... (36,197) (36,983) (34,599)
$ 25,393 $ (1,745) $ 16,427
Capital Expenditures
Education ...........................................................................$ 51,241 $ 51,871 $ 110,730
Cable television ....................................................................... 150,525 143,225 109,579
Newspaper publishing .................................................................. 7,746 11,405 10,590
Television broadcasting ................................................................. 6,401 6,415 6,675
Other businesses ...................................................................... 775 ——
Corporate office ....................................................................... ———
$ 216,688 $ 212,916 $ 237,574
(1) Includes a $0.9 million, $2.4 million and $20.4 million charge in 2012, 2011 and 2010, respectively, related to the withdrawal from a multiemployer pension plan.
Asset information for the Company’s business segments are as follows:
As of December 31,
(in thousands) 2012 2011
Identifiable Assets
Education ..................................................................................... $ 1,988,015 $2,217,719
Cable television ................................................................................ 1,187,603 1,164,756
Newspaper publishing ........................................................................... 293,592 314,405
Television broadcasting ........................................................................... 374,075 376,259
Other businesses ................................................................................ 81,211 15,381
Corporate office ................................................................................ 180,128 70,902
$ 4,104,624 $4,159,422
Investments in Marketable Equity Securities ............................................................. 380,087 303,201
Investments in Affiliates ............................................................................ 15,535 17,101
Prepaid Pension Cost .............................................................................. 604,823 537,262
Total Assets ..................................................................................... $ 5,105,069 $5,016,986
96 THE WASHINGTON POST COMPANY