Company: GHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000104889-25-000062
Chunk: 86

Company: Graham Holdings Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 86
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, training and employment expense, operating fees and other G&A expenses.(b)Higher education - training and employment expense, operating fees and other G&A expenses.(c)Supplemental education - training and employment expense, operating fees and other G&A expenses.Asset information for the Company’s business segments and education division is as follows: As of(in thousands)June 30, 2025December 31, 2024Identifiable Assets  Kaplan international$1,439,715 $1,500,846 Higher education177,588 182,442 Supplemental education230,420 238,836 Kaplan corporate and other38,403 41,754 Education1,886,126 1,963,878 Television broadcasting393,233 402,200 Manufacturing417,315 411,137 Healthcare340,637 308,591 Automotive549,591 582,105 Total Segments3,586,902 3,667,911 Other businesses327,733 338,089 Corporate office106,358 139,126 Investments in Marketable Equity Securities889,515 852,434 Investments in Affiliates158,059 169,125 Prepaid Pension Cost2,550,465 2,510,520 Total Assets$7,619,032 $7,677,205  

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Item 2. Management’s Discussion and Analysis of Results of Operations and Financial Condition.

This analysis should be read in conjunction with the condensed consolidated financial statements and the notes thereto.

Results of Operations

The Company reported net income attributable to common shares of $36.7 million ($8.35 per share) for the second quarter of 2025, compared to a net loss of $21.0 million ($4.79 per share) for the second quarter of 2024.

Items included in the Company’s net income for the second quarter of 2025:

•$6.0 million in non-operating expenses related to Separation Incentive Programs (SIPs) at other businesses and the education and television broadcasting divisions (after tax-impact of $4.5 million, or $1.02 per share);

•$1.2 million in interest expense to adjust the fair value of the mandatorily redeemable noncontrolling interest (after-tax impact of $3.5 million, or $0.79 per share); 

•