Company: GHC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000104889-25-000022
Chunk: 89

Company: Graham Holdings Co
Filing Date: 2025-02-26
Form: 10-K
Item: Item 16
Chunk 89
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Non-U.S.19,775 4,092 23,867 $64,700 $227,400 $292,100 Year Ended December 31, 2023  U.S. Federal$19,752 $36,640 $56,392 State and Local5,886 10,044 15,930 Non-U.S.17,897 (2,919)14,978 $43,535 $43,765 $87,300 Year Ended December 31, 2022  U.S. Federal$37,525 $(6,180)$31,345 State and Local5,676 2,513 8,189 Non-U.S.11,943 (177)11,766 $55,144 $(3,844)$51,300 The provision for income taxes differs from the amount of income tax determined by applying the U.S. Federal statutory rate of 21% to the income before taxes as a result of the following:Year Ended December 31(in thousands)202420232022U.S. Federal taxes at statutory rate (see above)$215,189 $62,791 $25,564 State and local taxes, net of U.S. Federal tax40,987 7,477 (331)Valuation allowances against state tax benefits, net of U.S. Federal tax6,468 5,107 6,800 Valuation allowances against other non-U.S. income tax benefits3,606 (3,370)263 Goodwill impairments1,148 10,864 15,628 Mandatorily redeemable noncontrolling interest20,189 1,612 2,638 Other, net4,513 2,819 738 Provision for Income Taxes$292,100 $87,300 $51,300 

96

Deferred income taxes consist of the following:As of December 31(in thousands)20242023Employee benefit obligations$52,145 $51,666 Accounts receivable3,589 4,160 State income tax loss carryforwards67,703 64,381 State income tax credit carryforwards131 328 U.S. Federal income tax loss carryforwards52,557 58,424 U.S. Federal foreign income tax credit carryforwards545 1,100 Non-U.S.