Company: GHC
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001628280-25-046925
Chunk: 125

Company: Graham Holdings Co
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 8
Chunk 125
---
 thresholds attributable to Other Businesses as described above. These operating segments did not meet any of the quantitative thresholds for determining reportable segments.(8)Capital Expenditures from operating segments below the quantitative thresholds are attributable to Other Businesses and the Corporate Office, as described above. None of these operating segments meet the quantitative thresholds for determining reportable segments.

29

The Company’s education division comprises the following operating segments:Nine Months Ended September 30, 2024(in thousands)Kaplan InternationalHigher EducationSupplemental EducationKaplan Corporate and OtherIntersegment EliminationTotal EducationOperating Revenues$813,833 $246,818 $221,389 $5,739 $(4,192)$1,283,587 Less: Significant Expenses (1)Cost of Revenue (2)271,766 188,417 40,602 (4,353)496,432 Payroll and Fringe Benefits Expense (3)225,767 12,300 93,173 20,826 352,066 Occupancy Expense80,630 517 2,018 5,568 88,733 Advertising and Marketing Expense23,909 5,084 23,330 386 52,709 Other Segment Items (4)106,825 1,222 32,301 4,122 153 144,623 EBITDAP$104,936 $39,278 $29,965 $(25,163)$8 $149,024 Pension Service Cost527 5,729 5,874 1,137 13,267 Depreciation Expense21,735 2,291 2,653 57 26,736 Income (Loss) from Operations before Amortization of Intangible Assets$82,674 $31,258 $21,438 $(26,357)$8 $109,021 Capital Expenditures$16,254 $768 $1,446 $— $18,468 (1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.(2)Cost of revenue reflects the amounts reported and provided to the CODM and does not necessarily reconcile to the Company's Consolidated Statement of Operations or align across reportable segments. Cost of revenue excludes charges related to depreciation, which is shown separately above.(3)Excludes pension service cost, which is shown