Company: GHC
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001628280-25-046925
Chunk: 0

Company: Graham Holdings Co
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1. Financial Statements.

GRAHAM HOLDINGS COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) 

  Three Months Ended  September 30Nine Months Ended  September 30  (in thousands, except per share amounts)2025202420252024Operating RevenuesSales of services$700,356 $700,009 $2,016,490 $2,003,543 Sales of goods578,503 507,153 1,644,056 1,541,561 1,278,859 1,207,162 3,660,546 3,545,104 Operating Costs and Expenses    Cost of services sold (exclusive of items shown below)425,051 399,667 1,200,503 1,171,703 Cost of goods sold (exclusive of items shown below)479,344 427,114 1,362,688 1,306,905 Selling, general and administrative276,103 269,016 823,499 801,982 Depreciation of property, plant and equipment19,298 21,332 59,504 66,032 Amortization of intangible assets9,692 8,385 24,757 29,194 Impairment of goodwill and other long-lived assets2,235 — 2,235 26,287   1,211,723 1,125,514 3,473,186 3,402,103 Income from Operations67,136 81,648 187,360 143,001 Equity in earnings (losses) of affiliates, net15,780 (13,361)10,466 (8,470)Interest income1,464 2,277 6,225 6,566 Interest expense(17,164)(25,896)(117,547)(136,607)Non-operating pension and postretirement benefit income, net31,047 38,307 94,266 105,379 Gain on marketable equity securities, net84,768 30,496 117,026 154,276 Other income (expense), net7 (465)(20,514)2,973 Income Before Income Taxes183,038 113,006 277,282 267,118 Provision for Income Taxes56,