Washington Post 2014 Annual Report Download - page 107

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The Company’s education division comprises the following operating segments:
Year Ended December 31
(in thousands) 2014 2013 2012
Operating Revenues
Higher education ............................................................... $1,010,058 $1,080,908 $1,149,407
Test preparation ................................................................ 304,662 293,201 284,252
Kaplan international ............................................................. 840,915 783,588 741,826
Kaplan corporate and other ....................................................... 6,094 7,990 15,039
Intersegment elimination .......................................................... (1,312) (1,953) (5,992)
$2,160,417 $2,163,734 $2,184,532
Income (Loss) from Operations
Higher education ............................................................... $ 83,069 $ 71,584 $ 27,245
Test preparation ................................................................ (4,730) 4,118 (10,799)
Kaplan international ............................................................. 69,153 51,653 47,120
Kaplan corporate and other ....................................................... (82,034) (76,701) (171,036)
Intersegment elimination .......................................................... 5335 1,046
$ 65,463 $ 50,989 $ (106,424)
Depreciation of Property, Plant and Equipment
Higher education ............................................................... $ 29,187 $ 43,892 $ 58,514
Test preparation ................................................................ 12,547 19,194 19,718
Kaplan international ............................................................. 19,297 16,154 20,975
Kaplan corporate and other ....................................................... 706 10,382 1,802
$ 61,737 $ 89,622 $ 101,009
Amortization of Intangible Assets ................................................... $ 7,738 $ 8,503 $ 16,283
Impairment of Goodwill and Other Long-Lived Assets ................................... $ 17,203 $ 3,250 $ 111,593
Pension Expense ................................................................
Higher education ............................................................... $ 10,514 $ 11,714 $ 7,943
Test preparation ................................................................ 2,888 2,674 2,007
Kaplan international ............................................................. 356 363 189
Kaplan corporate and other ....................................................... 1,660 1,787 1,445
$ 15,418 $ 16,538 $ 11,584
Capital Expenditures
Higher education ............................................................... $ 11,551 $ 10,879 $ 26,406
Test preparation ................................................................ 1,143 7,008 8,211
Kaplan international ............................................................. 20,802 27,472 16,728
Kaplan corporate and other ....................................................... 32 62 (240)
$ 33,528 $ 45,421 $ 51,105
Asset information for the Company’s education division is as follows:
As of December 31
(in thousands) 2014 2013
Identifiable Assets
Higher education ........................................................................ $ 749,421 $ 859,208
Test preparation ......................................................................... 167,055 173,435
Kaplan international ...................................................................... 838,148 864,507
Kaplan corporate and other ................................................................ 26,919 23,887
$1,781,543 $1,921,037
2014 FORM 10-K 91