XML 87 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 25, 2011
Dec. 26, 2010
Dec. 27, 2009
Net operating revenues      
Publishing advertising $ 2,511,025 $ 2,710,524 $ 2,888,034
Publishing circulation 1,063,890 1,086,702 1,144,539
Digital 686,471 618,259 586,174
Broadcasting 722,410 769,580 631,085
All other 256,193 253,613 259,771
Total 5,239,989 5,438,678 5,509,603
Operating expenses      
Cost of sales and operating expenses, exclusive of depreciation 2,961,097 2,980,465 3,230,176
Selling, general and administrative expenses, exclusive of depreciation 1,223,485 1,187,633 1,186,970
Depreciation 165,739 182,514 207,652
Amortization of intangible assets 31,634 31,362 32,983
Facility consolidation and asset impairment charges (see Notes 3 and 4) 27,243 57,009 132,904
Total 4,409,198 4,438,983 4,790,685
Operating income 830,791 999,695 718,918
Non-operating (expense) income      
Equity income in unconsolidated investees, net (see Notes 3 and 6) 8,197 19,140 3,927
Interest expense (173,140) (172,986) (175,745)
Other non-operating items (12,921) 111 22,799
Total (177,864) (153,735) (149,019)
Income before income taxes 652,927 845,960 569,899
Provision for income taxes 152,800 244,013 191,328
Income from continuing operations 500,127 601,947 378,571
(Loss) income from the operation of discontinued operations, net of tax   (322) 3,790
Gain on disposal of publishing businesses, net of tax   21,195  
Net income 500,127 622,820 382,361
Net income attributable to noncontrolling interests (41,379) (34,619) (27,091)
Net income attributable to Gannett Co., Inc. 458,748 588,201 355,270
Income from continuing operations attributable to Gannett Co., Inc. 458,748 567,328 351,480
(Loss) income from the operation of discontinued operations, net of tax   (322) 3,790
Gain on disposal of publishing businesses, net of tax   21,195  
Net income attributable to Gannett Co., Inc. $ 458,748 $ 588,201 $ 355,270
Earnings from continuing operations per share-basic $ 1.92 $ 2.38 $ 1.50
Earnings from discontinued operations      
Discontinued operations per share-basic     $ 0.02
Gain on disposal of publishing businesses per share-basic   $ 0.09  
Net income per share-basic $ 1.92 $ 2.47 $ 1.52
Earnings from continuing operations per share-diluted $ 1.89 $ 2.35 $ 1.49
Earnings from discontinued operations      
Discontinued operations per share-diluted     $ 0.02
Gain on disposal of publishing businesses per share-diluted   $ 0.08  
Net income per share-diluted $ 1.89 $ 2.43 $ 1.51