Company: GHC
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000104889-25-000032
Chunk: 0

Company: Graham Holdings Co
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1. Financial Statements.

GRAHAM HOLDINGS COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) 

  Three Months Ended  March 31  (in thousands, except per share amounts)20252024Operating RevenuesSales of services$647,507 $646,410 Sales of goods518,408 506,252 1,165,915 1,152,662 Operating Costs and Expenses  Cost of services sold (exclusive of items shown below)386,136 387,743 Cost of goods sold (exclusive of items shown below)433,222 432,220 Selling, general and administrative270,706 263,979 Depreciation of property, plant and equipment20,554 22,527 Amortization of intangible assets7,824 10,751   1,118,442 1,117,220 Income from Operations47,473 35,442 Equity in (losses) earnings of affiliates, net(8,428)2,331 Interest income2,500 2,178 Interest expense(82,277)(19,328)Non-operating pension and postretirement benefit income, net34,617 42,417 Gain on marketable equity securities, net43,801 104,152 Other (expense) income, net(4,065)1,647 Income Before Income Taxes33,621 168,839 Provision for Income Taxes7,900 43,500 Net Income25,721 125,339 Net Income Attributable to Noncontrolling Interests(1,827)(959)Net Income Attributable to Graham Holdings Company Common Stockholders$23,894 $124,380 Per Share Information Attributable to Graham Holdings Company Common Stockholders    Basic net income per common share$5.50 $27.87 Basic average number of common shares outstanding4,320 4,432 Diluted net income per common share$5.45 $27.72 Diluted average number of common shares outstanding4,358 4,457 

See accompanying Notes to Condensed Consolidated Financial Statements.

1

GRAHAM HOLDINGS COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)

  Three Months Ended  March 31(in thousands)202520