Company: GHC
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001628280-25-046925
Chunk: 116

Company: Graham Holdings Co
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 8
Chunk 116
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 related benefits costs captured in cost of revenue.(5)Management and operating services provided by Christopher J. Ourisman and his team of industry professionals.(6)Other segment items for each reportable segment include:(a)Education (includes Kaplan International, Kaplan Higher Education and Kaplan Supplemental Education) - training and employment expense, travel meals and entertainment expense, operating fees and other general and administrative (G&A) expenses.(b)Television Broadcasting - other broadcast expenses, facilities expenses, third-party commission costs and other selling, general and administrative (SG&A) expenses.(c)Manufacturing - payroll and fringe benefits expense (SG&A) and other SG&A expenses.(d)Healthcare - indirect costs (e.g. payroll and benefits expenses, general and administrative expenses) and other SG&A expenses.(e)Automotive - advertising and marketing expense and other G&A expenses.(7)Profit or loss from operating segments below the quantitative 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.

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The Company’s education division comprises the following operating segments:Three Months Ended September 30, 2025(in thousands)Kaplan InternationalHigher EducationSupplemental EducationKaplan Corporate and OtherIntersegment EliminationTotal EducationOperating Revenues$294,292 $92,162 $86,679 $280 $(751)$472,662 Less: Significant Expenses (1)Cost of Revenue (2)106,644 67,237 14,293 (689)187,485 Payroll and Fringe Benefits Expense (3)74,935 5,881 34,892 6,390 (42)122,056 Occupancy Expense25,772 183 213 328 (10)26,486 Advertising and Marketing Expense7,933 1,733 8,729 70 18,465 Other Segment Items (4)43,901 282 10,952 1,224 (48)56,311 EBITDAP$35,107 $16,846 $17,600 $(7,732)$38 $61,859 Pension Service Cost142 1,849 1,929 398 4