XML 53 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 28, 2014
Sep. 29, 2013
Sep. 28, 2014
Sep. 29, 2013
Net Operating Revenues:        
Broadcasting $ 416,509 $ 203,364 $ 1,197,035 $ 606,906
Publishing advertising 494,899 520,189 1,526,382 1,609,164
Publishing circulation 276,829 274,999 836,756 840,626
All other Publishing 55,098 62,891 173,116 183,753
Digital 199,802 191,447 573,918 552,875
Total 1,443,137 1,252,890 4,307,207 3,793,324
Operating Expenses:        
Cost of sales and operating expenses, exclusive of depreciation 757,301 713,369 2,300,460 2,159,962
Selling, general and administrative expenses, exclusive of depreciation 347,123 315,677 1,056,115 950,407
Depreciation 46,681 38,195 136,295 115,588
Amortization of intangible assets 14,894 8,071 47,108 26,567
Facility consolidation and asset impairment charges 6,621 5,880 50,216 15,163
Total 1,172,620 1,081,192 3,590,194 3,267,687
Operating income 270,517 171,698 717,013 525,637
Non-operating (expense) income:        
Equity income in unconsolidated investees, net 1,756 11,711 166,787 28,929
Interest expense (65,931) (41,628) (199,727) (113,207)
Other non-operating items (17,450) (17,580) (41,180) (28,954)
Total (81,625) (47,497) (74,120) (113,232)
Income before income taxes 188,892 124,201 642,893 412,405
Provision for income taxes 48,900 26,700 207,400 71,700
Net income 139,992 97,501 435,493 340,705
Net income attributable to noncontrolling interests (21,476) (17,753) (49,351) (42,772)
Net income attributable to Gannett Co., Inc. $ 118,516 $ 79,748 $ 386,142 $ 297,933
Net income per share – basic $ 0.52 $ 0.35 $ 1.71 $ 1.30
Net income per share – diluted $ 0.51 $ 0.34 $ 1.66 $ 1.27
Dividends declared per share $ 0.20 $ 0.20 $ 0.60 $ 0.60