Washington Post 2014 Annual Report Download - page 74

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GRAHAM HOLDINGS COMPANY
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Year Ended December 31
(in thousands) 2014 2013 2012
Net Income ..................................................................... $1,293,260 $ 237,345 $132,187
Other Comprehensive (Loss) Income, Before Tax
Foreign currency translation adjustments:
Translation adjustments arising during the year ........................................ (16,061) (1,059) 5,622
Adjustment for sales of businesses with foreign operations ............................... (404) — (888)
(16,465) (1,059) 4,734
Unrealized gains on available-for-sale securities:
Unrealized gains for the year .................................................... 62,719 95,629 33,098
Reclassification adjustment for realization of (gain) loss on exchange, sale or write-down of
available-for-sale securities included in net income ................................... (265,274) 9,554 17,226
(202,555) 105,183 50,324
Pension and other postretirement plans:
Actuarial (loss) gain ........................................................... (149,482) 762,806 82,470
Prior service cost ............................................................. (1,600) ——
Amortization of net actuarial (gain) loss included in net income ............................ (29,412) 3,096 9,368
Amortization of net prior service credit included in net income ............................ (407) (1,383) (1,859)
Curtailments and settlements ..................................................... 8(124,051) —
Other adjustments ............................................................ —— (745)
(180,893) 640,468 89,234
Cash flow hedge gain (loss) ...................................................... 867 520 (1,581)
Other Comprehensive (Loss) Income, Before Tax ....................................... (399,046) 745,112 142,711
Income tax benefit (expense) related to items of other comprehensive (loss) income ............... 153,032 (298,472) (55,186)
Other Comprehensive (Loss) Income, Net of Tax ....................................... (246,014) 446,640 87,525
Comprehensive Income ........................................................... 1,047,246 683,985 219,712
Comprehensive loss (income) attributable to noncontrolling interests .......................... 583 (503) (103)
Total Comprehensive Income Attributable to Graham Holdings Company ................... $1,047,829 $ 683,482 $219,609
See accompanying Notes to Consolidated Financial Statements.
58 GRAHAM HOLDINGS COMPANY