Washington Post 2012 Annual Report Download - page 110

19. SUMMARY OF QUARTERLY OPERATING RESULTS AND COMPREHENSIVE INCOME (UNAUDITED)
Quarterly results of operations and comprehensive income for the year ended December 31, 2012, is as follows:
(in thousands, except per share amounts) First Quarter Second Quarter Third Quarter Fourth Quarter
2012 Quarterly Operating Results
Operating Revenues
Education ....................................................... $547,280 $552,202 $ 552,585 $ 544,429
Advertising ....................................................... 170,750 190,086 195,158 229,837
Circulation and subscriber ........................................... 215,230 219,286 220,668 222,319
Other ........................................................... 27,939 33,450 42,923 53,511
961,199 995,024 1,011,334 1,050,096
Operating Costs and Expenses
Operating ....................................................... 463,106 464,615 483,622 468,893
Selling, general and administrative ..................................... 411,466 400,676 382,961 396,545
Depreciation of property, plant and equipment ............................ 62,275 62,749 63,739 79,880
Amortization of intangible assets ....................................... 3,873 4,428 5,091 7,610
Impairment of goodwill and other long-lived assets .......................... —— —111,593
940,720 932,468 935,413 1,064,521
Income from Operations 20,479 62,556 75,921 (14,425)
Equity in earnings of affiliates, net ...................................... 3,888 3,314 4,099 2,785
Interest income .................................................... 1,069 775 648 901
Interest expense ................................................... (9,163) (8,979) (8,738) (9,064)
Other income (expense), net .......................................... 8,588 (635) 4,163 (17,572)
Income (Loss) from Continuing Operations Before Income Taxes ................ 24,861 57,031 76,093 (37,375)
Provision for Income Taxes ............................................ 11,400 21,000 31,200 8,000
Income (Loss) from Continuing Operations ................................ 13,461 36,031 44,893 (45,375)
Income from Discontinued Operations, Net of Tax ........................... 18,107 16,016 49,054 —
Net Income (Loss) ................................................... 31,568 52,047 93,947 (45,375)
Net (Income) Loss Attributable to Noncontrolling Interests ..................... (70) (11) 71 (64)
Net Income (Loss) Attributable to The Washington Post Company ............... 31,498 52,036 94,018 (45,439)
Redeemable Preferred Stock Dividends ................................... (451) (222) (222) —
Net Income (Loss) Attributable to The Washington Post Company Common
Stockholders ..................................................... $ 31,047 $ 51,814 $ 93,796 $ (45,439)
Amounts Attributable to The Washington Post Company Common Stockholders
Income (loss) from continuing operations ................................. $ 12,940 $ 35,798 $ 44,742 $ (45,439)
Income from discontinued operations, net of tax ............................ 18,107 16,016 49,054 —
Net income (loss) attributable to The Washington Post Company common
stockholders .................................................... $ 31,047 $ 51,814 $ 93,796 $ (45,439)
Per Share Information Attributable to The Washington Post Company Common
Stockholders
Basic income (loss) per common share from continuing operations ............... $ 1.66 $ 4.72 $ 6.03 $ (6.57)
Basic income per common share from discontinued operations ................. 2.41 2.12 6.61 —
Basic net income (loss) per common share ................................ $ 4.07 $ 6.84 $ 12.64 $ (6.57)
Diluted income (loss) per common share from continuing operations ............. $ 1.66 $ 4.72 $ 6.03 $ (6.57)
Diluted income per common share from discontinued operations ................ 2.41 2.12 6.61 —
Diluted net income (loss) per common share ............................... $ 4.07 $ 6.84 $ 12.64 $ (6.57)
Basic average number of common shares outstanding ....................... 7,514 7,431 7,272 7,223
Diluted average number of common shares outstanding ...................... 7,615 7,545 7,376 7,223
2012 Quarterly comprehensive income .................................. $ 59,907 $ 47,085 $ 95,760 $ 16,857
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.
98 THE WASHINGTON POST COMPANY