Company: GHC
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001628280-25-046925
Chunk: 122

Company: Graham Holdings Co
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 8
Chunk 122
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 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:Nine Months Ended September 30, 2025(in thousands)Kaplan InternationalHigher EducationSupplemental EducationKaplan Corporate and OtherIntersegment EliminationTotal EducationOperating Revenues$827,719 $265,387 $242,243 $315 $(1,458)$1,334,206 Less: Significant Expenses (1)Cost of Revenue (2)284,162 190,620 39,165 (1,358)512,589 Payroll and Fringe Benefits Expense (3)222,257 15,600 101,404 16,806 (64)356,003 Occupancy Expense80,337 543 2,099 463 (10)83,432 Advertising and Marketing Expense24,876 5,741 27,939 320 58,876 Other Segment Items (4)107,753 722 35,419 3,717 (12)147,599 EBITDAP$108,334 $52,161 $36,217 $(20,991)$(14)$175,707 Pension Service Cost428 5,546 5,788 1,192 12,954 Depreciation Expense19,014 1,153 2,076 18 22,261 Income (Loss) from Operations before Amortization of Intangible Assets$88,892 $45,462 $28,353 $(22,201)$(14)$140,492 Capital Expenditures$8,970 $828 $3,920 $23 $13,741 (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