Company: GHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000104889-25-000062
Chunk: 56

Company: Graham Holdings Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 56
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 June 30, 2024, the Company recorded impairment losses of $0.3 million and $0.7 million, respectively, to those securities.

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

Accounts receivable consist of the following:As ofJune 30,2025December 31,2024(in thousands)Receivables from contracts with customers, less estimated credit losses of $24,384 and $23,719$419,349 $477,827 Other receivables42,205 36,599  $461,554 $514,426 Credit loss expense was $1.0 million for three months ended June 30, 2025, and credit loss recovery was $0.1 million for the three months ended June 30, 2024. Credit loss expense was $2.1 million and $1.6 million for the six months ended June 30, 2025 and 2024, respectively.Accounts payable, vehicle floor plan payable and accrued liabilities consist of the following:As ofJune 30,2025December 31,2024(in thousands)Accounts payable$164,108 $160,384 Vehicle floor plan payable115,108 147,884 Accrued compensation and related benefits145,562 172,915 Other accrued liabilities214,405 231,322 $639,183 $712,505 Cash overdrafts of $0.9 million are included in accounts payable as of June 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 June 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 6.3% and 6.7% for the three months ended June 30, 2025 and 2024, respectively. The weighted average interest rate for the floor plan facilities was 6.3% and 6.8% for the six months ended June 30, 2025 and 2024, respectively. The Company incurred floor plan interest expense of $1.9 million and $3.0 million for the three