Company: GHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000104889-25-000062
Chunk: 37

Company: Graham Holdings Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 37
---
267,026 $81,041 $73,133 $2,993 $(1,294)$422,899 Less: Significant Expenses (1)Cost of Revenue (2)89,687 57,319 13,947 (1,552)159,401 Payroll and Fringe Benefits Expense (3)77,109 3,994 30,665 6,257 118,025 Occupancy Expense26,759 188 704 2,778 30,429 Advertising and Marketing Expense8,478 1,396 8,450 197 18,521 Other Segment Items (4)31,826 946 10,744 1,387 (96)44,807 EBITDAP$33,167 $17,198 $8,623 $(7,626)$354 $51,716 Pension Service Cost166 2,045 2,094 407 4,712 Depreciation Expense7,177 799 857 22 8,855 Income (Loss) from Operations before Amortization of Intangible Assets$25,824 $14,354 $5,672 $(8,055)$354 $38,149 Capital Expenditures$4,503 $174 $461 $— $5,138 (1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.(2)Cost of revenue reflects the amounts reported and provided to the CODM and does not necessarily reconcile to the Company's Consolidated Statement of Operations or align across reportable segments. Cost of revenue excludes charges related to depreciation, which is shown separately above.(3)Excludes pension service cost, which is shown separately above. Excludes any payroll and related benefits costs captured in cost of revenue.(4)Other segment items for each reportable segment include:(a)Kaplan international - travel meals and entertainment expense, training and employment expense, operating fees and other G&A expenses.(b)Higher education - training and employment expense, operating fees and other G&A expenses.(c)Supplemental education - training and employment expense, operating fees and other G&A expenses.

25

Company information broken down by operating segment and education division:Six Months Ended June 30, 2025(in thousands)EducationTelevision BroadcastingManufacturingHealthcareAutomotiveTotal SegmentsOperating