Washington Post 2012 Annual Report Download - page 80

THE WASHINGTON POST COMPANY
CONSOLIDATED BALANCE SHEETS
As of December 31,
(In thousands, except share amounts) 2012 2011
Assets
Current Assets
Cash and cash equivalents ................................................................ $ 512,431 $ 381,099
Restricted cash ......................................................................... 28,538 25,287
Investments in marketable equity securities and other investments ..................................... 418,938 338,674
Accounts receivable, net .................................................................. 399,204 392,725
Income taxes receivable .................................................................. —16,990
Deferred income taxes ................................................................... 3,974 13,343
Inventories ............................................................................ 7,985 6,571
Other current assets ...................................................................... 82,692 70,936
Total Current Assets ................................................................ 1,453,762 1,245,625
Property, Plant and Equipment, Net ....................................................... 1,081,237 1,152,390
Investments in Affiliates ................................................................. 15,535 17,101
Goodwill, Net ........................................................................ 1,317,915 1,414,997
Indefinite-Lived Intangible Assets, Net ...................................................... 539,728 530,641
Amortized Intangible Assets, Net .......................................................... 45,577 54,622
Prepaid Pension Cost ................................................................... 604,823 537,262
Deferred Charges and Other Assets ....................................................... 46,492 64,348
Total Assets ...................................................................... $ 5,105,069 $ 5,016,986
Liabilities and Equity
Current Liabilities
Accounts payable and accrued liabilities ...................................................... $ 486,396 $ 495,041
Income taxes payable .................................................................... 726 —
Deferred revenue ....................................................................... 395,837 387,532
Short-term borrowings .................................................................... 243,327 112,983
Total Current Liabilities .............................................................. 1,126,286 995,556
Postretirement Benefits Other Than Pensions ................................................. 59,949 67,864
Accrued Compensation and Related Benefits ................................................. 216,280 228,304
Other Liabilities ....................................................................... 109,774 107,741
Deferred Income Taxes ................................................................. 529,427 545,361
Long-Term Debt ....................................................................... 453,384 452,229
Total Liabilities .................................................................... 2,495,100 2,397,055
Commitments and Contingencies (Notes 15 and 16)
Redeemable Noncontrolling Interest .......................................................... 12,655 6,740
Redeemable Preferred Stock, Series A, $1 par value, with a redemption and liquidation value of $1,000 per
share; 23,000 shares authorized; 11,096 and 11,295 shares issued and outstanding .................... 11,096 11,295
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; 1,219,383 and 1,229,383 shares
issued and outstanding ............................................................... 1,219 1,229
Class B Common stock, $1 par value; 40,000,000 shares authorized; 18,780,617 and 18,770,617
shares issued; 6,208,118 and 6,361,617 shares outstanding .................................. 18,781 18,771
Capital in excess of par value .............................................................. 240,746 252,767
Retained earnings ....................................................................... 4,546,775 4,561,989
Accumulated other comprehensive income, net of taxes
Cumulative foreign currency translation adjustment ............................................. 26,072 21,338
Unrealized gain on available-for-sale securities ................................................ 110,553 80,358
Unrealized gain on pensions and other postretirement plans ...................................... 117,169 63,625
Cash flow hedge ..................................................................... (940) 8
Cost of 12,572,499 and 12,409,000 shares of Class B common stock held in treasury .................. (2,474,347) (2,398,189)
Total Common Stockholders’ Equity .................................................... 2,586,028 2,601,896
Noncontrolling interests ..................................................................... 190 —
Total Equity ...................................................................... 2,586,218 2,601,896
Total Liabilities and Equity ......................................................... $ 5,105,069 $ 5,016,986
See accompanying Notes to Consolidated Financial Statements.
68 THE WASHINGTON POST COMPANY