XML 39 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 28, 2014
Dec. 29, 2013
Current assets    
Cash and cash equivalents $ 1,374,515 $ 469,203
Trade receivables, less allowance for doubtful accounts (2014 - $19,702; 2013 - $15,275) 768,653 834,052
Other receivables 32,495 28,592
Inventories 52,100 49,950
Deferred income taxes 19,634 21,245
Assets held for sale 54,458 395,851
Prepaid expenses and other current assets 142,156 124,592
Total current assets 2,444,011 1,923,485
Property, plant and equipment    
Cost 4,005,593 4,007,879
Less accumulated depreciation (2,391,103) (2,338,247)
Net property, plant and equipment 1,614,490 1,669,632
Intangible and other assets    
Goodwill 3,836,940 3,790,472
Indefinite-lived and amortizable intangible assets, less accumulated amortization 1,573,045 1,477,231
Deferred income taxes 59,722 0
Investments and other assets 388,852 379,886
Total intangible and other assets 5,858,559 5,647,589
Total assets (a) 9,917,060 [1] 9,240,706 [1]
LIABILITIES AND EQUITY    
Accounts payable and current portion of film contracts payable 241,830 215,300
Accrued expenses 473,313 499,162
Dividends payable 45,313 45,645
Income taxes 126,212 17,791
Deferred income 230,580 223,404
Current portion of long-term debt 5,890 5,890
Total current liabilities 1,123,138 1,007,192
Income taxes 53,708 49,748
Deferred income taxes 650,408 587,904
Long-term debt 4,106,717 3,707,010
Post-retirement medical and life insurance liabilities 84,991 129,078
Pension liabilities 488,754 632,195
Other noncurrent liabilities 213,039 218,168
Total noncurrent liabilities 5,597,617 5,324,103
Total liabilities (a) 6,720,755 [1] 6,331,295 [1]
Redeemable noncontrolling interests 18,470 14,618
Commitments and contingent liabilities (See Note 13)      
Gannett Co., Inc. shareholders' equity    
Preferred stock of $1 par value per share, 2,000,000 shares authorized, none issued 0 0
Common stock of $1 par value per share, 800,000,000 shares authorized, 324,418,632 shares issued 324,419 324,419
Additional paid-in capital 564,873 552,368
Retained earnings 7,971,532 7,720,903
Accumulated other comprehensive loss (463,354) (494,055)
Stockholders' Equity before Treasury Stock, Total 8,397,470 8,103,635
Less treasury stock, at cost (2014 - 98,587,770 shares; 2013 - 96,849,744 shares) (5,462,103) (5,410,537)
Total Gannett Co., Inc. shareholders’ equity 2,935,367 2,693,098
Noncontrolling interests 242,468 201,695
Total equity 3,177,835 2,894,793
Total liabilities and equity $ 9,917,060 $ 9,240,706
[1] (a) Our consolidated assets as of September 28, 2014 include total assets of $60.4 million of variable interest entities (VIEs) and our consolidated assets as of December 29, 2013 include total assets of $44.7 million of VIEs. These assets can only be used to settle the obligations of the VIEs. Consolidated liabilities as of September 28, 2014 include total liabilities of $2.1 million of the VIEs and our consolidated liabilities as of December 29, 2013 include total liabilities of $2.7 million of the VIEs. The VIEs’ creditors have no recourse to us regarding these liabilities. See further description in Note 1 - Basis of presentation and summary of significant accounting policies.