restructuring related compensation
DESCRIPTION
Reconciliation of GAAP Measures to Non-GAAP Amounts Reconciliation of Operating Income to Operating Cash Flows (in thousands). Three Months Ended. March 25, 2012. March 27, 2011. REVENUES – NET:. $ 209,764. $ 225,113. Advertising. 66,167. 66,403. Circulation. 12,134. Other. - PowerPoint PPT PresentationTRANSCRIPT
The company believes operating cash flow is commonly used as a measure of performance for newspaper companies, however, it does not purport to represent cash provided by operating activities as shown in the company’s statement of cash flows, nor is it meant as a substitute for measures of performance prepared in accordance with generally accepted accounting principles.
Reconciliation of GAAP Measures to Non-GAAP Amounts Reconciliation of GAAP Measures to Non-GAAP Amounts Reconciliation of Operating Income to Operating Cash FlowsReconciliation of Operating Income to Operating Cash Flows
(in thousands)(in thousands)
Restructuring related compensationRestructuring related compensation
REVENUES – NET:REVENUES – NET:
OtherOther
OPERATING EXPENSES:OPERATING EXPENSES:
Other cash operating expensesOther cash operating expenses
AdvertisingAdvertising
CirculationCirculation
Newsprint and supplementsNewsprint and supplements
Compensation excluding restructuring chargesCompensation excluding restructuring charges
Cash operating expenses excluding restructuring chargesCash operating expenses excluding restructuring charges
12,13412,134
288,301288,301
$ 209,764$ 209,764
66,40366,403
81,70981,709
34,33934,339
111,478111,478
227,526227,526
12,45412,454
303,734303,734
$ 225,113$ 225,113
66,16766,167
82,01382,013
35,37635,376
119,808119,808
237,197237,197
1,1711,171 4,5494,549
Three Months EndedThree Months EndedMarch 27,March 27,
20112011March 25, March 25,
20122012
Depreciation and amortizationDepreciation and amortization
OPERATING CASH FLOW MARGINOPERATING CASH FLOW MARGIN
Restructuring related compensation chargesRestructuring related compensation charges
OPERATING CASH FLOWOPERATING CASH FLOW
Total operating expensesTotal operating expenses
OPERATING INCOMEOPERATING INCOME
Add back:Add back:
Depreciation and amortizationDepreciation and amortization
Impairments charges related to asset salesImpairments charges related to asset sales
Impairment charges related to asset salesImpairment charges related to asset sales
30,74130,741 31,23131,231
27,97527,975 20,45520,455
30,74130,741 31,23131,231
4,5494,549
21.9%21.9%
1,1711,171
21.1%21.1%
$ 66,537$ 66,537$ 60,775$ 60,775
888888
10,30210,302
260,326260,326 283,279283,279
Restructuring chargesRestructuring charges
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-- 10,30210,302
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888888Restructuring chargesRestructuring charges --