Company: GHC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000104889-25-000022
Chunk: 50

Company: Graham Holdings Co
Filing Date: 2025-02-26
Form: 10-K
Item: Item 16
Chunk 50
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1 par value; 7,000,000 shares authorized; 964,001 shares issued and outstanding964 964 Class B Common stock, $1 par value; 40,000,000 shares authorized; 19,035,999 shares issued; 3,368,306 and 3,514,809 shares outstanding19,036 19,036 Capital in excess of par value356,919 372,040 Retained earnings8,031,750 7,337,463 Accumulated other comprehensive income, net of taxes  Cumulative foreign currency translation adjustment(58,044)(32,711)Unrealized gain on pensions and other postretirement plans393,949 649,185 Cash flow hedges(1,108)(2,137)Cost of 15,667,693 and 15,521,190 shares of Class B common stock held in treasury(4,486,805)(4,368,103)Total Common Stockholders’ Equity4,256,661 3,975,737 Noncontrolling Interests30,154 26,131 Total Equity4,286,815 4,001,868 Total Liabilities and Equity$7,677,205 $7,187,730 

See accompanying Notes to Consolidated Financial Statements.

74

GRAHAM HOLDINGS COMPANY

CONSOLIDATED STATEMENTS OF CASH FLOWS

 Year Ended December 31(In thousands)202420232022Cash Flows from Operating Activities   Net Income$732,610 $211,704 $70,434 Adjustments to reconcile net income to net cash provided by operating activities:   Depreciation, amortization and goodwill and other long-lived asset impairments173,987 235,169 261,138 Amortization of lease right-of-use asset63,253 67,734 67,568 Net pension benefit, settlement gain and early retirement and separation program costs(740,152)(101,398)(166,611)(Gain) loss on marketable equity securities and cost method investments, net(179,024)(140,671)134,011 Credit loss expense and provision for other receivables3,591 6,045 2,958 Stock-based compensation expense, net of forfeitures6,326 6,712 6,121 Accretion expense and change in fair value of contingent consideration liabilities115 (6,