Company: GHC
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001628280-25-046925
Chunk: 41

Company: Graham Holdings Co
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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$158 $(866)$438,090 Less: Significant Expenses (1)Cost of Revenue (2)90,426 65,111 12,821 (866)167,492 Payroll and Fringe Benefits Expense (3)75,544 4,305 31,399 8,896 120,144 Occupancy Expense26,875 155 675 70 27,775 Advertising and Marketing Expense7,521 2,065 7,486 91 17,163 Other Segment Items (4)43,705 142 9,828 1,428 81 55,184 EBITDAP$32,938 $13,877 $13,925 $(10,327)$(81)$50,332 Pension Service Cost198 1,903 1,962 382 4,445 Depreciation Expense7,202 589 777 8 8,576 Income (Loss) from Operations before Amortization of Intangible Assets$25,538 $11,385 $11,186 $(10,717)$(81)$37,311 Capital Expenditures$4,734 $535 $542 $— $5,811 (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.

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Company information broken down by operating segment and education division:Nine Months Ended September 30, 2025(in thousands)EducationTelevision BroadcastingManufacturingHealthcareAutomotiveTotal SegmentsOperating Revenues$1,334,206 $314,625 $318,480 $584,375