Company: GHC
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001628280-25-046925
Chunk: 120

Company: Graham Holdings Co
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 8
Chunk 120
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-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 separately above. Excludes any payroll and related benefits costs captured in cost of revenue.(4)Other segment items for each reportable segment include:(a)Kaplan international - travel meals and entertainment expense, 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.

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Company information broken down by operating segment and education division:Nine Months Ended September 30, 2025(in thousands)EducationTelevision BroadcastingManufacturingHealthcareAutomotiveTotal SegmentsOperating Revenues$1,334,206 $314,625 $318,480 $584,375 $851,791 $3,403,477 Reconciliation of RevenueOther Businesses and Corporate Office Revenues (1)258,943 Intersegment Elimination(1,874)Total Consolidated Revenues$3,660,546 Less: Significant Expenses (2)Cost of Revenue (3)512,589 223,187 352,631 725,185 1,813,592 Payroll and Fringe Benefits Expense (4)356,003 80,800 59,289 496,092 Occupancy Expense83,432 5,706 89,138 Advertising and Marketing Expense58,876 58,876 Networking and Programming Expense93,507 93,507 Management Services (5)6,186 6,186 Other Segment Items (6)147,599 44,850 55,076 153,174 27,560 428,259 EBITDAP$175,707 $95,468 $40,217 $78,570 $27,865 $417,827 Pension Service Cost12,954 4,426 2,596 7,488 47 27,511 Depreciation Expense22,261 7,850 8,576 5,346 5,155 49,188