Company: GHC
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000104889-25-000032
Chunk: 17

Company: Graham Holdings Co
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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)$— $— $1,485 $1,485 Interest rate swaps (5) — 2,112 — 2,112 Mandatorily redeemable noncontrolling interest (6)— — 20,720 20,720 Total Financial Liabilities$— $2,112 $22,205 $24,317 As of December 31, 2024(in thousands)Level 1Level 2Level 3TotalAssets      Money market investments (1) $— $3,908 $— $3,908 Marketable equity securities (2)852,434 — — 852,434 Other current investments (3)— 6,309 — 6,309 Foreign exchange swap (7)— 710 — 710 Total Financial Assets$852,434 $10,927 $— $863,361 Liabilities      Contingent consideration liabilities (4)$— $— $1,419 $1,419 Interest rate swaps (5)— 1,419 — 1,419 Mandatorily redeemable noncontrolling interest (6)— — 159,548 159,548 Total Financial Liabilities$— $1,419 $160,967 $162,386 ____________(1)The Company’s money market investments are included in cash and cash equivalents and the value considers the liquidity of the counterparty.(2)The Company’s investments in marketable equity securities are held in common shares of U.S. corporations that are actively traded on U.S. stock exchanges. Price quotes for these shares are readily available. (3)Includes mutual funds, which are valued using a market approach based on the quoted market prices of the security or inputs that include quoted market prices for similar instruments.(4)Included in Accounts payable, vehicle floor plan payable and accrued liabilities and Other Liabilities. The Company determined the fair value of the contingent consideration liabilities using either a Monte Carlo simulation, Black-Scholes model, or probability-weighted analysis depending on the type of target included in the contingent consideration requirements (revenue, EBITDA, client retention). All analyses included estimated financial projections for the acquired businesses and acquisition-specific discount rates.(5)Included in Other Liabilities. The Company utilized a market approach model using the notional amount of the interest rate swaps multiplied by the observable inputs of