|
Fiscal year ended | |||||||||
January 3, | December 28, | December 29, | |||||||
(in thousands, except share amounts) | 1999 | 1997 | 1996 | ||||||
Operating revenues | |||||||||
Advertising | $1,297,621 | $1,236,877 | $1,172,706 | ||||||
Circulation and subscriber | 547,450 | 519,620 | 490,973 | ||||||
Other | 265,289 | 199,756 | 189,766 | ||||||
2,110,360 | 1,956,253 | 1,853,445 | |||||||
Operating costs and expenses | |||||||||
Operating | 1,139,177 | 1,019,869 | 1,007,057 | ||||||
Selling, general and administrative | 453,149 | 449,996 | 414,280 | ||||||
Depreciation of property, plant | |||||||||
and equipment | 89,248 | 71,478 | 65,103 | ||||||
Amortization of goodwill and other intangibles | 49,889 | 33,559 | 29,836 | ||||||
1,731,463 | 1,574,902 | 1,516,276 | |||||||
Income from operations | 378,897 | 381,351 | 337,169 | ||||||
Equity in (losses) earnings of affiliates | (5,140) | 9,955 | 19,702 | ||||||
Interest income | 1,137 | 3,471 | 5,359 | ||||||
Interest expense | (11,538) | (1,252) | (1,514) | ||||||
Other income (expense), net | 304,703 | 69,549 | (499) | ||||||
Income before income taxes | 668,059 | 463,074 | 360,217 | ||||||
Provision for income taxes | 250,800 | 181,500 | 139,400 | ||||||
Net income | 417,259 | 281,574 | 220,817 | ||||||
Redeemable preferred stock dividends | (956) | (956) | (680) | ||||||
Net income available for common shares | $ 416,303 | $ 280,618 | $ 220,137 | ||||||
Basic earnings per common share | $ 41.27 | $ 26.23 | $ 20.08 | ||||||
Diluted earnings per common share | $ 41.10 | $ 26.15 | $ 20.05 | ||||||
The information in the Notes to Consolidated Financial Statements is an integral part of the financial statements. |