Company: GHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000104889-25-000062
Chunk: 131

Company: Graham Holdings Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 2
Chunk 131
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 thousands)20252024Distributions paid to noncontrolling interests$(190,319)$(2,683)Net borrowing under revolving credit facility75,000 33,245 Net (repayments of) proceeds from vehicle floor plan payable(32,776)26,612 Repayments of borrowings(13,172)(9,883)Dividends paid(15,660)(15,352)Common shares repurchased(3,468)(49,514)Other(8,117)(3,686)Net Cash Used in Financing Activities$(188,512)$(21,261)

Distributions paid to noncontrolling interests.  On February 25, 2025, the Company and a group of minority shareholders entered into an agreement to settle a significant portion of the mandatorily redeemable noncontrolling interest related to GHC One, including CSI, for a total of $205 million, which consisted of approximately $186.25 million in cash and $18.75 million in Graham Holdings Company Class B common stock.

Borrowings and Vehicle Floor Plan Payable.  In the first six months of 2025 and 2024, the Company made additional borrowings on the $300 million revolving credit facility and repaid amounts borrowed under the term loan and commercial notes at the automotive subsidiary. In the first six months of 2025 and 2024, the Company used 

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vehicle floor plan financing to fund the purchase of new, used and service loaner vehicles at its automotive subsidiary. The (repayments of) proceeds from the vehicle floor plan payable fluctuates with changes in the amount of vehicle inventory held by the automotive dealerships.

Dividends.  The quarterly dividend rate per share was $1.80 and $1.72 for the first six months of 2025 and 2024, respectively. The Company expects to pay a dividend of $7.20 per share in 2025.

Common Stock Repurchases.  During the first six months of 2025, the Company purchased a total of 3,978 shares of its Class B common stock at a cost of approximately $3.5 million resulting from the net settlement of stock awards upon vesting. On September 12, 2024, the Board of Directors authorized the Company to acquire up to 500,000 shares of its Class B common stock. The Company did not announce a ceiling price or time limit for the purchases. At June 30, 2025, the Company