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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Dec. 30, 2012
Dec. 25, 2011
Dec. 26, 2010
Dec. 30, 2012
About Group [Member]
Dec. 25, 2011
About Group [Member]
Dec. 26, 2010
About Group [Member]
Cash flows from operating activities            
Net income/(loss) $ 133,339,000 $ (40,224,000) $ 108,718,000      
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:            
Impairment of assets 194,732,000 164,434,000 16,148,000      
Pension settlement expense 48,729,000 [1] 0 0      
Pension withdrawal expense 0 4,228,000 [2] 6,268,000      
Other expense 2,620,000 4,500,000 0      
Gain on sale of investments (220,275,000) [3] (71,171,000) [4] (9,128,000)      
Impairment on investments 5,500,000 0 0      
Premium on debt redemption 0 46,381,000 [5] 0      
(Gain) loss on sale of discontinued operation (91,234,000)   (16,000) (96,675,000) 0 0
Depreciation and amortization 103,775,000 116,454,000 120,950,000      
Stock-based compensation expense 4,693,000 8,497,000 7,029,000      
Return on equity method investments 2,586,000 3,435,000 (10,710,000)      
Deferred income taxes (1,369,000) 60,741,000 61,271,000      
Long-term retirement benefit obligations (140,423,000) (141,714,000) (167,498,000)      
Other – net 9,737,000 (462,000) 5,611,000      
Changes in operating assets and liabilities:            
Accounts receivable – net 5,130,000 12,603,000 39,830,000      
Inventories 6,806,000 (4,955,000) 171,000      
Other current assets (8,477,000) 1,820,000 (572,000)      
Accounts payable and other liabilities 19,478,000 (93,581,000) (20,137,000)      
Unexpired subscriptions 3,962,000 2,941,000 (4,608,000)      
Net cash provided by operating activities 79,309,000 73,927,000 153,327,000      
Cash flows from investing activities            
Purchase of short-term investments (439,700,000) (279,721,000) (29,974,000)      
Maturities of short-term investments 409,726,000 204,849,000 0      
Proceeds from sale of About Group, net of cash sold of $998       316,114,000 0 0
Proceeds from investments – net of purchases 250,918,000 117,966,000 9,254,000      
Capital expenditures (34,888,000) (44,887,000) (33,565,000)      
Change in restricted cash 3,287,000 (27,628,000) 0      
Proceeds from the sale of assets 1,312,000 11,167,000 2,265,000      
Loan repayments 0 0 11,500,000      
Net cash provided by/(used in) investing activities 646,813,000 (18,254,000) (40,520,000)      
Long-term obligations:            
Redemption of long-term debt 0 250,000,000 0      
Repayments (81,584,000) (590,000) (592,000)      
Proceeds from issuance of senior unsecured notes 0 0 220,248,000      
Capital shares:            
Issuance 730,000 364,000 1,010,000      
Net cash (used in)/provided by financing activities (80,854,000) (250,226,000) 220,666,000      
Net increase/(decrease) in cash and cash equivalents 645,268,000 (194,553,000) 333,473,000      
Effect of exchange rate changes on cash and cash equivalents 70,000 36,000 (325,000)      
Cash and cash equivalents at the beginning of the year 175,151,000 369,668,000 36,520,000      
Cash and cash equivalents at the end of the year 820,489,000 175,151,000 369,668,000      
SUPPLEMENTAL DATA            
Interest 60,022,000 98,763,000 76,748,000      
Income tax (refunds)/payments – net (6,627,000) (22,757,000) 18,948,000      
Non-cash investing activities, receivable held in escrow $ 14,000,000          
Non-cash investing activities, duration receivable is held in escrow 2 years          
[1] In the fourth quarter of 2012, we recorded a $48.7 million non-cash pension settlement charge in connection with the immediate pension benefit offer to certain former employees who participate in The New York Times Companies Pension Plan.
[2] In the second quarter of 2011, we recorded a $4.2 million estimated charge for our pension withdrawal obligation under a multiemployer pension plan at the Globe.
[3] In the first quarter of 2012, we recorded a $17.8 million gain on the sale of 100 of our units in Fenway Sports Group. In the second quarter of 2012, we recorded a $37.8 million gain on the sale of our remaining 210 units in Fenway Sports Group. In the fourth quarter of 2012, we recorded a $164.6 million gain on the sale of our ownership interest in Indeed.com.
[4] In the first quarter of 2011, we recorded a $5.9 million gain from the sale of a portion of our interest in Indeed.com. In the third quarter of 2011, we recorded a $65.3 million gain from the sale of 390 units in Fenway Sports Group.
[5] In the third quarter of 2011, we recorded a $46.4 million charge in connection with the prepayment of all $250.0 million aggregate principal amount of the 14.053% Notes.