Page 1 GANNETT CO., INC. O P P O R T U N I T I E S I N T O
GANNETT CO., INC. 2000 REPORT ANNUAL TURN I NG CHALLENGES INTO OPPORTUN I T I ES 2 0 0 0 F I NA N C I A L S UMMA R Y In thousands, except per share amounts 91 $2988 2000 1999 Change 92 $3091 Operating revenues $ 6,222,318 $ 5,095,362 22.1% 93 $3227 94 $3396 Operating income 1,817,256 1,563,101 16.3% 95 $3505 Income from continuing 96 $4018 operations before 97 $4308 non-recurring gains (1) 971,940 886,607 9.6% 98 $4709 Net non-operating gains 32,780 — 99 $5095 Income from 00 $6222 971,940 continuing operations 919,387 5.7% Operating revenues in millions Earnings from discontinued operations, net 747,137 38,541 — 91 $292 Net income 1,719,077 957,928 79.5% 92 $341 Income per share from 93 $389 continuing operations before 94 $455 non-recurring gains – diluted (1) 3.63 3.15 15.2% 95 $457 Income per share from net 96 $503 non-operating gains – diluted 0.11 — 97 $681 Income per share from 98 $782 continuing operations – diluted 3.63 3.26 11.3% 99 $886 Income per share from 00 $972 discontinued operations – diluted 2.78 0.14 — Income from continuing operations before net non-operating gains, in millions Net income per share – diluted 6.41 3.40 88.5% Operating cash flow (2) 2,193,171 1,843,192 19.0% 91 $.96 92 $1.18 93 $1.32 Working capital $ 128,335 $ 191,444 (33.0%) 94 $1.57 Long-term debt 5,747,856 2,463,250 133.3% 95 $1.62 Total assets 12,980,411 9,006,446 44.1% 96 $1.78 97 $2.39 Capital expenditures (3) 339,413 239,438 41.8% 98 $2.74 Shareholders’ equity 5,103,410 4,629,646 10.2% 99 $3.15 00 $3.63 Dividends per share .86 .82 4.9% Income per share (diluted) from continuing operations before net non-operating gains Average common shares outstanding – diluted 268,118 281,608 (4.8%) (1) Excluding a 1999 net non-operating gain principally from the exchange of KVUE-TV in Austin, Texas, for KXTV-TV in Sacramento, Calif., totaling $55 million pre-tax and $33 million after tax ($.11 per share-basic and diluted).
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