Company: GHC
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001628280-25-046925
Chunk: 114

Company: Graham Holdings Co
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 8
Chunk 114
---
 lawsuits that have arisen in the ordinary course of their businesses, including contract disputes; actions alleging negligence, libel, defamation and invasion of privacy; trademark, copyright and patent infringement; real estate lease and sublease disputes; violations of employment laws and applicable wage and hour laws; and statutory or common law claims involving current and former students and employees. Although the outcomes of the legal claims and proceedings against the Company cannot be predicted with certainty, based on currently available information, management believes that there are no existing claims or proceedings that are likely to have a material effect on the Company’s business, financial condition, results of operations or cash flows. However, based on currently available information, management believes it is reasonably possible that future losses from existing and threatened legal, regulatory and other proceedings in excess of the amounts recorded could reach approximately $10 million.

15.    BUSINESS SEGMENTS

The Company has seven reportable segments: Kaplan International, Kaplan Higher Education, Kaplan Supplemental Education, Television Broadcasting, Manufacturing, Healthcare and Automotive.As of September 30, 2025, Kaplan had a total outstanding accounts receivable balance of $75.7 million from Purdue Global related to amounts due for reimbursements for services, fees earned and a deferred fee. Included in this total, Kaplan has a $15.1 million long-term receivable balance and a $4.7 million short-term receivable balance due from Purdue Global at September 30, 2025, related to the advance of $20.0 million during the initial KU Transaction.

22

Company information broken down by operating segment and education division:Three Months Ended September 30, 2025(in thousands)EducationTelevision BroadcastingManufacturingHealthcareAutomotiveTotal SegmentsOperating Revenues$472,662 $105,087 $124,257 $208,415 $285,228 $1,195,649 Reconciliation of RevenueOther Businesses and Corporate Office Revenues (1)83,835 Intersegment Elimination(625)Total Consolidated Revenues$1,278,859 Less: Significant Expenses (2)Cost of Revenue (3)187,485 88,082 130,564 243,239 649,370 Payroll and Fringe Benefits Expense (4)122,056 26,218 20,233 168,507 Occupancy Expense26,486 1,978 28,464 Advertising and Marketing Expense18,465 18,465 Networking and Programming Expense30,943