This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

The Washington Post Company Reports 2012 And Fourth Quarter Earnings

Stocks in this article: WPO

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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs