Company: GHC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000104889-25-000022
Chunk: 48

Company: Graham Holdings Co
Filing Date: 2025-02-26
Form: 10-K
Item: Item 16
Chunk 48
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$43.82 $13.79 Diluted average number of common shares outstanding4,405 4,654 4,836 

 See accompanying Notes to Consolidated Financial Statements.

72

GRAHAM HOLDINGS COMPANY

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

 Year Ended December 31(in thousands)202420232022Net Income$732,610 $211,704 $70,434 Other Comprehensive (Loss) Income, Before TaxForeign currency translation adjustments:Translation adjustments arising during the year(24,568)21,927 (48,340)Adjustment for sale of a business with foreign operations(765)— — (25,333)21,927 (48,340)Pension and other postretirement plans:   Actuarial gain (loss)351,322 380,593 (727,097)Prior service credit734 11,263 — Amortization of net actuarial gain included in net income(39,742)(42,146)(70,833)Amortization of net prior service (credit) cost included in net income(1,951)1,641 2,864 Settlement included in net income(653,427)(1,087)—  (343,064)350,264 (795,066)Cash flow hedges gain (loss)1,392 (5,630)4,765 Other Comprehensive (Loss) Income, Before Tax(367,005)366,561 (838,641)Income tax benefit (expense) related to items of other comprehensive (loss) income 87,465 (88,375)203,404 Other Comprehensive (Loss) Income, Net of Tax(279,540)278,186 (635,237)Comprehensive Income (Loss)453,070 489,890 (564,803)Comprehensive income attributable to noncontrolling interests(7,976)(6,416)(3,355)Total Comprehensive Income (Loss) Attributable to Graham Holdings Company$445,094 $483,474 $(568,158)

See accompanying Notes to Consolidated Financial Statements.

73

GRAHAM HOLDINGS COMPANY

CONSOLIDATED BALANCE SHEETS

 As of December 31(In thousands, except share amounts)20242023Assets  Current Assets  Cash and cash equivalents$260,852 $169