Company: GHC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000104889-25-000022
Chunk: 100

Company: Graham Holdings Co
Filing Date: 2025-02-26
Form: 10-K
Item: Item 16
Chunk 100
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As of December 31, 2024$1,419 $159,548 ____________(1)Changes in fair value and accretion of value of contingent consideration liabilities are included in Selling, general and administrative expenses and the changes in fair value of mandatorily redeemable noncontrolling interest is included in Interest expense in the Company’s Consolidated Statements of Operations. For the years ended December 31, 2024, 2023 and 2022, the Company recorded goodwill and other long-lived asset impairment charges of $49.8 million, $99.1 million and $129.0 million, respectively (see Note 9). The remeasurement of goodwill and other long-lived assets is classified as a Level 3 fair value assessment due to the significance of unobservable inputs developed in the determination of the fair value. The Company used a discounted cash flow model to determine the estimated fair value of the reporting units, indefinite-lived intangible assets, and other long-lived assets. Where appropriate, a market value approach was also utilized to supplement the discounted cash flow model. The Company made estimates and assumptions regarding future cash flows, royalty rates, discount rates, market values, and long-term growth rates.During the year ended December 31, 2024, the Company recorded losses of $1.7 million to equity securities that are accounted for as cost method investments based on observable transactions for identical or similar investments of the same issuer. For the years ended December 31, 2024, 2023 and 2022, the Company recorded gains of $0.2 million, $3.1 million and $6.9 million, respectively, to those equity securities based on observable transactions. For the years ended December 31, 2024, 2023 and 2022, the Company recorded impairment losses of $0.7 million, $0.5 million and $1.3 million, respectively, to equity securities that are accounted for as cost method investments (See Note 4).For the year ended December 31, 2024, the Company recorded impairment charges of $14.4 million on one of its investments in affiliates (see Note 4). The Company used a market approach to determine the estimated fair value of its investment in the affiliate.

13.    REVENUE FROM CONTRACTS WITH CUSTOMERS

The Company generated 79%, 79% and 81% of its revenue from U.S. domestic sales in 2024, 202