Washington Post 2015 Annual Report Download - page 88

GRAHAM HOLDINGS COMPANY
CONSOLIDATED BALANCE SHEETS
As of December 31
(In thousands, except share amounts) 2015 2014
Assets
Current Assets
Cash and cash equivalents ................................................................ $ 754,207 $ 772,751
Restricted cash ......................................................................... 20,745 24,898
Investments in marketable equity securities and other investments ................................. 379,445 226,752
Accounts receivable, net ................................................................. 572,435 571,357
Income taxes receivable .................................................................. 48,383 –
Deferred income taxes ................................................................... –934
Inventories and contracts in progress ........................................................ 32,068 11,309
Other current assets ..................................................................... 53,439 81,462
Current assets of discontinued operations (includes $1,235 of cash) ................................ –1,240
Total Current Assets ............................................................... 1,860,722 1,690,703
Property, Plant and Equipment, Net .......................................................... 231,123 860,829
Investments in Affiliates .................................................................... 59,229 19,811
Goodwill, Net ............................................................................. 1,017,513 1,348,710
Indefinite-Lived Intangible Assets, Net ........................................................ 21,885 516,753
Amortized Intangible Assets, Net ............................................................. 107,191 96,947
Prepaid Pension Cost ....................................................................... 979,970 1,152,488
Deferred Charges and Other Assets ........................................................... 75,318 65,258
Noncurrent assets of discontinued operations ................................................... –820
Total Assets ....................................................................... $ 4,352,951 $ 5,752,319
Liabilities and Equity
Current Liabilities
Accounts payable and accrued liabilities ..................................................... $ 428,014 $ 464,342
Deferred revenue ....................................................................... 297,135 410,146
Income taxes payable .................................................................... –128,895
Short-term borrowings ................................................................... –46,375
Current liabilities of discontinued operations .................................................. –1,034
Total Current Liabilities ............................................................ 725,149 1,050,792
Postretirement Benefits Other Than Pensions .................................................. 33,947 37,962
Accrued Compensation and Related Benefits ................................................... 203,280 244,082
Other Liabilities ........................................................................... 70,678 91,789
Deferred Income Taxes ..................................................................... 403,316 754,960
Long-Term Debt ........................................................................... 399,926 399,545
Total Liabilities .................................................................... 1,836,296 2,579,130
Commitments and Contingencies (Notes 17 and 18)
Redeemable Noncontrolling Interests ......................................................... 25,957 21,904
Redeemable Preferred Stock, Series A, $1 par value, with a redemption and liquidation value of $1,000 per
share; 23,000 shares authorized; none and 10,510 shares issued and outstanding ........................ –10,510
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; 964,001 and 974,823 shares
issued and outstanding ............................................................. 964 975
Class B Common stock, $1 par value; 40,000,000 shares authorized; 19,035,999 and 19,025,177
shares issued; 4,839,853 and 4,823,966 shares outstanding ................................ 19,036 19,025
Capital in excess of par value .............................................................. 356,887 303,789
Retained earnings ....................................................................... 5,447,677 6,008,506
Accumulated other comprehensive income, net of taxes
Cumulative foreign currency translation adjustment ........................................ (4,849) 8,548
Unrealized gain on available-for-sale securities ............................................ 58,500 52,130
Unrealized gain on pensions and other postretirement plans .................................. 261,029 392,910
Cash flow hedge .................................................................... –(108)
Cost of 14,196,146 and 14,201,211 shares of Class B common stock held in treasury .................. (3,648,546) (3,645,476)
Total Common Stockholders’ Equity .................................................. 2,490,698 3,140,299
Noncontrolling Interests .................................................................... –476
Total Equity ...................................................................... 2,490,698 3,140,775
Total Liabilities and Equity ...................................................... $ 4,352,951 $ 5,752,319
See accompanying Notes to Consolidated Financial Statements.
73 GRAHAM HOLDINGS COMPANY