Company: GHC
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001628280-25-046925
Chunk: 95

Company: Graham Holdings Co
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 8
Chunk 95
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 Company recorded impairment losses of $1.5 million and $14.2 million, respectively, to equity securities that are accounted for as cost method investments. During the three and nine months ended September 30, 2024, the Company recorded gains of $0.2 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. During the nine months ended September 30, 2024, the Company recorded impairment losses of $0.7 million to those equity securities.

4.    ACCOUNTS RECEIVABLE, ACCOUNTS PAYABLE, VEHICLE FLOOR PLAN PAYABLE AND ACCRUED LIABILITIES

Accounts receivable consist of the following:As ofSeptember 30,2025December 31,2024(in thousands)Receivables from contracts with customers, less estimated credit losses of $24,329 and $23,719$494,460 $477,827 Other receivables49,535 36,599  $543,995 $514,426 Credit loss expense was $0.8 million and $1.1 million for the three months ended September 30, 2025 and 2024, respectively. Credit loss expense was $2.9 million and $2.7 million for the nine months ended September 30, 2025 and 2024, respectively.Accounts payable, vehicle floor plan payable and accrued liabilities consist of the following:As ofSeptember 30,2025December 31,2024(in thousands)Accounts payable$176,512 $160,384 Vehicle floor plan payable119,987 147,884 Accrued compensation and related benefits182,045 172,915 Other accrued liabilities268,942 231,322 $747,486 $712,505 Cash overdrafts of $1.4 million are included in accounts payable as of September 30, 2025.The Company finances new, used and service loaner vehicle inventory through standardized floor plan facilities with Truist Bank and Toyota Motor Credit Corporation and Ford Motor Credit Company. At September 30, 2025, the floor plan facilities bore interest at variable rates that are based on Secured Overnight Financing Rate (SOFR) and prime-based interest rates. The weighted average interest rate for the floor plan facilities was 6.2% and 6.8% for the three months ended September 30, 2025 and 2024