Washington Post 2014 Annual Report Download - page 75

GRAHAM HOLDINGS COMPANY
CONSOLIDATED BALANCE SHEETS
As of December 31
(In thousands, except share amounts) 2014 2013
Assets
Current Assets
Cash and cash equivalents ................................................................ $ 772,751 $ 569,719
Restricted cash ......................................................................... 24,898 83,769
Investments in marketable equity securities and other investments ..................................... 226,752 522,318
Accounts receivable, net .................................................................. 571,357 428,653
Income taxes receivable .................................................................. —17,991
Deferred income taxes ................................................................... 934 —
Inventories and contracts in progress ......................................................... 11,309 2,924
Other current assets ...................................................................... 81,462 77,013
Current assets of discontinued operations (includes $1,235 of cash) .................................. 1,240 —
Total Current Assets ................................................................... 1,690,703 1,702,387
Property, Plant and Equipment, Net .......................................................... 860,829 927,542
Investments in Affiliates .................................................................... 19,811 15,754
Goodwill, Net ........................................................................... 1,348,710 1,288,622
Indefinite-Lived Intangible Assets, Net ........................................................ 516,753 541,278
Amortized Intangible Assets, Net ............................................................ 96,947 39,588
Prepaid Pension Cost ...................................................................... 1,152,488 1,245,505
Deferred Charges and Other Assets .......................................................... 65,258 50,370
Noncurrent assets of discontinued operations .................................................. 820 —
Total Assets ......................................................................... $ 5,752,319 $ 5,811,046
Liabilities and Equity
Current Liabilities
Accounts payable and accrued liabilities ...................................................... $ 464,342 $ 505,699
Income taxes payable .................................................................... 128,895 —
Deferred income taxes ................................................................... —58,411
Deferred revenue ....................................................................... 410,146 366,831
Short-term borrowings .................................................................... 46,375 3,168
Current liabilities of discontinued operations .................................................... 1,034 —
Total Current Liabilities ................................................................ 1,050,792 934,109
Postretirement Benefits Other Than Pensions ................................................... 37,962 36,219
Accrued Compensation and Related Benefits ................................................... 244,082 211,526
Other Liabilities .......................................................................... 91,789 86,000
Deferred Income Taxes .................................................................... 754,960 778,735
Long-Term Debt .......................................................................... 399,545 447,608
Total Liabilities ....................................................................... 2,579,130 2,494,197
Commitments and Contingencies (Notes 17 and 18) ..............................................
Redeemable Noncontrolling Interest .......................................................... 21,904 5,896
Redeemable Preferred Stock, Series A, $1 par value, with a redemption and liquidation value of $1,000 per
share; 23,000 shares authorized; 10,510 and 10,665 shares issued and outstanding .................... 10,510 10,665
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; 974,823 and 1,169,073 shares issued
and outstanding ..................................................................... 975 1,169
Class B Common stock, $1 par value; 40,000,000 shares authorized; 19,025,177 and 18,830,927 shares
issued; 4,823,966 and 6,218,051 shares outstanding ....................................... 19,025 18,831
Capital in excess of par value .............................................................. 303,789 288,129
Retained earnings ....................................................................... 6,008,506 4,782,777
Accumulated other comprehensive income, net of taxes
Cumulative foreign currency translation adjustment ............................................. 8,548 25,013
Unrealized gain on available-for-sale securities ................................................ 52,130 173,663
Unrealized gain on pensions and other postretirement plans ...................................... 392,910 501,446
Cash flow hedge ..................................................................... (108) (628)
Cost of 14,201,211 and 12,612,876 shares of Class B common stock held in treasury .................. (3,645,476) (2,490,333)
Total Common Stockholders’ Equity ...................................................... 3,140,299 3,300,067
Noncontrolling interests ................................................................... 476 221
Total Equity ......................................................................... 3,140,775 3,300,288
Total Liabilities and Equity ............................................................ $ 5,752,319 $ 5,811,046
See accompanying Notes to Consolidated Financial Statements.
2014 FORM 10-K 59