Embed Size (px)
DESCRIPTION
Reconciliation of GAAP Measures to Non-GAAP Amounts Reconciliation of Operating Income (Loss) to Operating Cash Flows (in thousands). Three Months Ended. March 30, 2013. March 25, 2012. REVENUES – NET:. Advertising. $ 197,122. $ 209,764. Circulation. 67,455. 66,403. Other. - PowerPoint PPT Presentation
Citation preview
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 (Loss) to Operating Cash FlowsReconciliation of Operating Income (Loss) to Operating Cash Flows
(in thousands)(in thousands)
REVENUES – NET:REVENUES – NET:
Add back:Add back:
Three Months EndedThree Months Ended
March 25,March 25, 20122012
March 30, March 30, 20132013
OPERATING EXPENSES:OPERATING EXPENSES:
OtherOther 12,15912,159 12,13412,134
276,736276,736 288,301288,301
AdvertisingAdvertising $ 197,122$ 197,122 $ 209,764$ 209,764
CirculationCirculation 67,45567,455 66,40366,403
Other cash operating expensesOther cash operating expenses 80,47580,475 81,70981,709
Newsprint, supplements and printing expenseNewsprint, supplements and printing expense 30,71530,715 34,33934,339
Compensation excluding restructuring chargesCompensation excluding restructuring charges 112,195112,195 111,478111,478
Cash operating expenses excluding restructuring chargesCash operating expenses excluding restructuring charges 223,385223,385 227,526227,526
Depreciation and amortizationDepreciation and amortization 30,44630,446 30,74130,741
Total operating expensesTotal operating expenses 256,138256,138 260,326260,326
OPERATING INCOMEOPERATING INCOME 20,59820,598 27,97527,975
Depreciation and amortizationDepreciation and amortization 30,44630,446 30,74130,741
Restructuring related compensation chargesRestructuring related compensation charges 1,1711,171381381
OPERATING CASH FLOW MARGINOPERATING CASH FLOW MARGIN 21.1%21.1%19.3%19.3%
OPERATING CASH FLOWOPERATING CASH FLOW $ 60,775$ 60,775 $ 53,351 $ 53,351
Restructuring related compensation chargesRestructuring related compensation charges 381381 1,1711,171
Other restructuring chargesOther restructuring charges 1,9261,926 888888
Other restructuring chargesOther restructuring charges 8888881,9261,926
