Washington Post 2012 Annual Report Download - page 111

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Quarterly results of operations and comprehensive income for the year ended December 31, 2011, is as follows:
(in thousands, except per share amount) First
Quarter Second
Quarter Third
Quarter Fourth
Quarter
2011 Quarterly Operating Results
Operating Revenues
Education .................................................. $ 611,714 $ 610,371 $ 601,611 $ 580,763
Advertising .................................................. 177,385 193,352 170,552 213,255
Circulation and subscriber ...................................... 214,523 216,606 212,145 213,183
Other ..................................................... 25,299 28,976 28,190 33,220
1,028,921 1,049,305 1,012,498 1,040,421
Operating Costs and Expenses
Operating .................................................. 463,303 488,577 486,615 465,666
Selling, general and administrative ................................ 438,744 405,729 387,735 397,518
Depreciation of property, plant and equipment ....................... 61,929 62,615 61,589 62,932
Amortization of intangible assets .................................. 5,176 5,797 6,320 5,042
969,152 962,718 942,259 931,158
Income from Operations ............................................. 59,769 86,587 70,239 109,263
Equity in (losses) earnings of affiliates, net ........................... 3,737 3,138 (1,494) 568
Interest income ............................................... 982 997 994 1,174
Interest expense .............................................. (7,961) (7,960) (8,667) (8,638)
Other (expense) income, net ..................................... (24,032) (2,591) (29,650) 1,073
Income from Continuing Operations Before Income Taxes .................. 32,495 80,171 31,422 103,440
Provision for Income Taxes ........................................... 12,100 29,200 18,600 42,000
Income from Continuing Operations ................................... 20,395 50,971 12,822 61,440
(Loss) Income from Discontinued Operations, Net of Tax .................... (4,766) (5,208) (18,788) 291
Net Income (Loss) .................................................. 15,629 45,763 (5,966) 61,731
Net (Income) Loss Attributable to Noncontrolling Interests ................... (14) 40 (16) (17)
Net Income (Loss) Attributable to The Washington Post Company ............. 15,615 45,803 (5,982) 61,714
Redeemable Preferred Stock Dividends ................................. (461) (230) (226) —
Net Income (Loss) Attributable to The Washington Post Company Common
Stockholders .................................................... $ 15,154 $ 45,573 $ (6,208) $ 61,714
Amounts Attributable to The Washington Post Company Common Stockholders
Income from continuing operations .................................... $ 19,920 $ 50,781 $ 12,580 $ 61,423
(Loss) income from discontinued operations, net of tax ...................... (4,766) (5,208) (18,788) 291
Net income (loss) attributable to The Washington Post Company common
stockholders ................................................... $ 15,154 $ 45,573 $ (6,208) $ 61,714
Per Share Information Attributable to The Washington Post Company Common
Stockholders
Basic income per common share from continuing operations ................. $ 2.43 $ 6.40 $ 1.59 $ 8.00
Basic (loss) income per common share from discontinued operations ........... (0.56) (0.66) (2.41) 0.03
Basic net income per common share .................................. $ 1.87 $ 5.74 $ (0.82) $ 8.03
Diluted income per common share from continuing operations ................ $ 2.43 $ 6.40 $ 1.59 $ 8.00
Diluted (loss) income per common share from discontinued operations .......... (0.56) (0.66) (2.41) 0.03
Diluted net income (loss) per common share ............................. $ 1.87 $ 5.74 $ (0.82) $ 8.03
Basic average number of common shares outstanding ...................... 8,046 7,852 7,802 7,601
Diluted average number of common shares outstanding ..................... 8,119 7,933 7,883 7,682
2011 Quarterly comprehensive income (loss) ............................ $ 40,894 $ 37,040 $ (41,225) $ 63,512
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.
2012 FORM 10-K 99