The Washington Post Company Reports Operating Results (10-K)

Author's Avatar
Feb 29, 2012
The Washington Post Company (WPO, Financial) filed Annual Report for the period ended 2011-12-31.

Washington Post has a market cap of $3.07 billion; its shares were traded at around $395.65 with a P/E ratio of 16.4 and P/S ratio of 0.7. The dividend yield of Washington Post stocks is 2.5%. Washington Post had an annual average earning growth of 4.4% over the past 10 years. GuruFocus rated Washington Post the business predictability rank of 2-star.

Highlight of Business Operations:

The Company s operations in geographic areas outside the U.S. consist primarily of Kaplan s non-U.S. operations. During the fiscal years 2011, 2010 and 2009, these operations accounted for approximately 15%, 12% and 12%, respectively, of the Company s consolidated revenues, and the identifiable assets attributable to non-U.S. operations represented approximately 15% and 13% of the Company s consolidated assets at December 31, 2011, and January 2, 2011, respectively.

The two-year cohort default rate for Kaplan University, which comprises 68.1% of KHE s revenue, for the U.S. Federal fiscal year periods 2009, 2008 and 2007 were 17.3%, 17.2%, and 13.3%, respectively. The cohort default rates for the remaining KHE reporting units for those U.S. Federal fiscal year periods ranged from 9.8% to 23.9%, 5.8% to 25.7%, and 7.8% to 28.7%, respectively. For 2009, the default rate for the KHE reporting units as a whole was 17.3%, and only one reporting unit had a cohort default rate in excess of 20%.

WP Company LLC (WP Company), a subsidiary of the Company, publishes The Washington Post (the Post), which is a morning daily and Sunday newspaper primarily distributed by home delivery in the Washington, DC, metropolitan area, including large portions of Maryland and northern Virginia. The Post s two primary sources of revenue are advertising and subscription fees, which accounted for 63% and 34% of its total revenue in 2011, respectively. Advertising revenue is derived from the sale of display and classified advertisements, as well as the insertion and other distribution of preprinted advertisements.

The two-year cohort default rate for Kaplan University (which comprises 68.1% of KHE s revenue) for the U.S. Federal fiscal year periods 2009, 2008 and 2007 were 17.3%, 17.2%, and 13.3%, respectively. The cohort default rates for the remaining KHE reporting units for those U.S. Federal fiscal year periods ranged from 9.8% to 23.9%, 5.8% to 25.7%, and 7.8% to 28.7%, respectively.

Read the The complete Report