Company: GHC
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001628280-25-046925
Chunk: 149

Company: Graham Holdings Co
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 8
Chunk 149
---
GB completed the sales of small businesses. In July 2024, Kaplan completed the sale of a small business, Red Marker, which was included in Kaplan International.

Financing Activities.  The Company’s net cash flow used in financing activities were as follows:

 Nine Months Ended  September 30(In thousands)20252024Distributions paid to noncontrolling interests$(191,609)$(4,010)Net (repayments of) proceeds from vehicle floor plan payable(27,897)8,443 Dividends paid(23,508)(22,926)Repayments of borrowings(22,089)(16,053)Common shares repurchased(3,468)(98,170)Net borrowing under revolving credit facility600 (34,216)Other(22,846)(9,383)Net Cash Used in Financing Activities$(290,817)$(176,315)

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 nine months of 2025, the Company repaid amounts borrowed under the term loan, commercial notes at the automotive subsidiary and other debt. In the first nine months of 2024, the Company repaid amounts borrowed under the $300 million revolving credit facility. In the first nine months of 2025 and 2024, the Company used 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 nine 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 nine 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