XML 86 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 30, 2012
Dec. 25, 2011
Dec. 26, 2010
Net operating revenues      
Publishing advertising $ 2,355,922 $ 2,511,025 $ 2,710,524
Publishing circulation 1,117,042 1,063,890 1,086,702
Digital 718,949 686,471 618,259
Broadcasting 906,104 722,410 769,580
All other 255,180 256,193 253,613
Total 5,353,197 5,239,989 5,438,678
Operating expenses      
Cost of sales and operating expenses, exclusive of depreciation 2,943,847 2,961,097 2,980,465
Selling, general and administrative expenses, exclusive of depreciation 1,303,427 1,223,485 1,187,633
Depreciation 160,746 165,739 182,514
Amortization of intangible assets 33,293 31,634 31,362
Facility consolidation and asset impairment charges (see Notes 3 and 4) 122,129 27,243 57,009
Total 4,563,442 4,409,198 4,438,983
Operating income 789,755 830,791 999,695
Non-operating (expense) income      
Equity income in unconsolidated investees, net (see Notes 3 and 6) 22,387 8,197 19,140
Interest expense (150,469) (173,140) (172,986)
Other non-operating items 8,734 (12,921) 111
Total (119,348) (177,864) (153,735)
Income before income taxes 670,407 652,927 845,960
Provision for income taxes 195,400 152,800 244,013
Income from continuing operations 475,007 500,127 601,947
Gain on disposal of publishing businesses, net of tax 0 0 21,195
Net income 475,007 500,127 622,820
Net income attributable to noncontrolling interests (50,727) (41,379) (34,619)
Net income attributable to Gannett Co., Inc. 424,280 458,748 588,201
Income from continuing operations attributable to Gannett Co., Inc. 424,280 458,748 567,328
Loss from the operation of discontinued operations, net of tax 0 0 (322)
Gain on disposal of publishing businesses, net of tax 0 0 21,195
Net income attributable to Gannett Co., Inc. $ 424,280 $ 458,748 $ 588,201
Earnings from continuing operations per share-basic $ 1.83 $ 1.92 $ 2.38
Earnings from discontinued operations      
Discontinued operations per share-basic $ 0.00 $ 0.00 $ 0.00
Gain on disposal of publishing businesses per share-basic $ 0.00 $ 0.00 $ 0.09
Net income per share-basic $ 1.83 $ 1.92 $ 2.47
Earnings from continuing operations per share-diluted $ 1.79 $ 1.89 $ 2.35
Earnings from discontinued operations      
Discontinued operations per share-diluted $ 0.00 $ 0.00 $ 0.00
Gain on disposal of publishing businesses per share-diluted $ 0.00 $ 0.00 $ 0.08
Net income per share-diluted $ 1.79 $ 1.89 $ 2.43