This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Washington Post Company Reports 2012 And Fourth Quarter Earnings

A summary of Kaplan’s operating results by division, including and excluding restructuring costs, for 2012 and the fourth quarter of 2012 compared to 2011, is as follows:

       
Three Months Ended Twelve Months Ended
December 31, December 31,
(in thousands)   2012   2011   % Change   2012   2011   % Change
Revenue    
Higher education $ 276,459 $ 323,532 (15 ) $ 1,149,407 $ 1,399,583 (18 )
Test preparation 60,485 66,901 (10 ) 284,252 303,093 (6 )
Kaplan international 208,285 190,821 9 764,184 704,581 8
Kaplan corporate 1,487 1,110 34 4,645 4,585 1
Intersegment elimination   (2,287 )     (1,601 )   (5,992 )     (7,383 )
$ 544,429     $ 580,763   (6 ) $ 2,196,496     $ 2,404,459   (9 )
Operating Income (Loss)
Restructuring Costs Included in Divisions
Higher education $ 10,916 $ 28,025 (61 ) $ 27,245 $ 148,915 (82 )
Test preparation (6,732 ) 520 (10,799 ) (28,498 ) 62
Kaplan international 15,733 22,771 (31 ) 49,069 41,506 18
Kaplan corporate (14,474 ) (16,202 ) 11 (42,617 ) (45,100 ) 6
Amortization of intangible assets (6,191 ) (4,394 ) (41 ) (17,719 ) (19,417 ) 9
Impairment of goodwill and other long-lived assets (111,593 ) (111,593 )
Intersegment elimination   467       173     1,046       (1,120 )
$ (111,874 )   $ 30,893   $ (105,368 )   $ 96,286  
Operating Income (Loss)
Restructuring Costs Excluded from Divisions
Higher education* $ 27,860 $ 34,137 (18 ) $ 50,640 $ 162,116 (69 )
Test preparation* (6,732 ) 1,009 (10,799 ) (15,959 ) 32
Kaplan international* 30,615 23,806 29 65,511 42,541 54
Kaplan corporate* (12,989 )     (14,507 ) 10 (39,807 )     (42,930 ) 7
38,754 44,445 (13 ) 65,545 145,768 (55 )
Restructuring costs* (35,906 ) (9,331 ) (45,242 ) (28,945 ) (56 )
Amortization of intangible assets* (3,596 ) (4,394 ) 18 (15,124 ) (19,417 ) 22
Impairment of goodwill and other long-lived assets (111,593 ) (111,593 )
Intersegment elimination   467       173     1,046       (1,120 )
$ (111,874 )   $ 30,893   $ (105,368 )   $ 96,286  
 
*Non-GAAP Measure
 

Kaplan sold Kidum in August 2012, EduNeering in April 2012 and Kaplan Learning Technologies in February 2012. Consequently, the education division’s operating results exclude these businesses.

4 of 15

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,607.56 +11.21 0.06%
S&P 500 2,061.60 +3.96 0.19%
NASDAQ 4,978.8510 +20.3830 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs