Company: GHC
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001628280-25-046925
Chunk: 90

Company: Graham Holdings Co
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 8
Chunk 90
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 allocated as follows, based on the acquisition date fair values to the following assets and liabilities:Purchase Price AllocationNine Months Ended(in thousands)September 30, 2025Accounts receivable$11,641 Inventory26,004 Property, plant and equipment14,014 Lease right-of-use assets2,540 Goodwill42,777 Amortized intangible assets41,300 Deferred income taxes9,716 Other assets202 Pension liabilities(107,365)Other liabilities(18,423)Current and noncurrent lease liabilities(2,540)Aggregate purchase price, net of cash acquired$19,866 The 2025 fair values recorded were based upon preliminary valuations and the estimates and assumptions in such valuations are subject to change within the measurement period (up to one year from the acquisition date). The recording of the amounts of residual goodwill, other intangibles and pension liabilities are not yet finalized. Goodwill 

8

is calculated as the excess of the consideration transferred over the net assets recognized and represents the estimated future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. The goodwill recorded due to these acquisitions is attributable to the assembled workforce of the acquired companies and expected synergies. The Company expects to deduct $1.3 million of goodwill for income tax purposes for the acquisitions completed in 2025.The acquired companies were consolidated into the Company’s financial statements starting on their respective acquisition dates. The Company’s Condensed Consolidated Statement of Operations for the three months ended September 30, 2025 includes aggregate revenues and operating losses for the companies acquired in 2025 of $25.7 million and $1.2 million, respectively. The Company’s Condensed Consolidated Statement of Operations includes aggregate revenues and operating losses of $25.7 million and $1.3 million, respectively, for the nine months ended September 30, 2025. The following unaudited pro forma financial information includes the 2025 acquisitions as if they occurred at the beginning of 2024:Three Months Ended  September 30Nine Months Ended  September 30(in thousands)2025202420252024Operating revenues$1,282,805 $1,231,970 $3,714,292 $3,619,085 Net income129,195 75,236 197,452 180,257 These pro forma results were based on estimates and assumptions, which the Company believes are reasonable, and