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Reconciliation of GAAP Measures to Non-GAAP Amounts Reconciliation of Operating Income to Operating Cash Flows (in thousands). Three Months Ended. Six Months Ended. June 27, 2010. June 26, 2011. June 27, 2010. June 26, 2011. REVENUES – NET:. $ 236,022. $ 260,540. - PowerPoint PPT Presentation
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The company believes operating cash flow is commonly used as a measure of performance for newspaper companies, however, it does not purport to represent cash provided by operating activities as shown in the company’s statement of cash flows, nor is it meant as a substitute for measures of performance prepared in accordance with generally accepted accounting principles.
Reconciliation of GAAP Measures to Non-GAAP Amounts Reconciliation of GAAP Measures to Non-GAAP Amounts Reconciliation of Operating Income to Operating Cash FlowsReconciliation of Operating Income to Operating Cash Flows
(in thousands)(in thousands)
Restructuring related compensationRestructuring related compensation
REVENUES – NET:REVENUES – NET:
OtherOther
OPERATING EXPENSES:OPERATING EXPENSES:
Other cash operating expensesOther cash operating expenses
AdvertisingAdvertising
CirculationCirculation
Newsprint and supplementsNewsprint and supplements
Compensation excluding restructuring chargesCompensation excluding restructuring charges
Cash operating expenses excluding restructuring chargesCash operating expenses excluding restructuring charges
Depreciation and amortizationDepreciation and amortization
OPERATING CASH FLOW MARGINOPERATING CASH FLOW MARGIN
Restructuring related compensation chargesRestructuring related compensation charges
OPERATING CASH FLOWOPERATING CASH FLOW
Total operating expensesTotal operating expenses
OPERATING INCOMEOPERATING INCOME
Add back:Add back:
Depreciation and amortizationDepreciation and amortization
Impairment charges related to asset salesImpairment charges related to asset sales
Impairment charges related to asset salesImpairment charges related to asset sales
13,08413,084
Three Months EndedThree Months Ended
314,250314,250
$ 236,022$ 236,022
65,14465,144
81,82081,820
36,94736,947
112,121112,121
230,888230,888
13,82413,824342,030342,030
$ 260,540$ 260,540
67,66667,666
86,44486,444
32,65132,651
129,027129,027
248,122248,122
30,35330,353 35,90435,904
269,117269,117 284,933284,933
45,13345,133 57,09757,097
30,35330,353 35,90435,904
907907
27.5%27.5%
7,6147,614
26.5%26.5%
$ 93,908$ 93,908$ 83,362$ 83,362
7,6147,614 907907
June 27,June 27, 20102010
June 26, June 26, 20112011
262262 --
262262 --
25,53825,538
Six Months EndedSix Months Ended
617,984617,984
$ 461,135$ 461,135
131,311131,311
163,833163,833
72,32372,323
231,929231,929
468,085468,085
26,78226,782677,595677,595
$ 513,461$ 513,461
137,352137,352
173,652173,652
64,96364,963
263,138263,138
501,753501,753
61,58461,584 67,72267,722
552,396552,396 573,907573,907
65,58865,588 103,688103,688
61,58461,584 67,72267,722
4,4324,432
26.0%26.0%
12,16312,163
24.3%24.3%
$ 175,842$ 175,842$ 149,899$ 149,899
12,16312,163 4,4324,432
June 27,June 27, 20102010
June 26, June 26, 20112011
10,56410,564 --
10,56410,564 --
