Company: GHC
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000104889-25-000032
Chunk: 3

Company: Graham Holdings Co
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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 HOLDINGS COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

  Three Months Ended  March 31(in thousands)20252024Cash Flows from Operating Activities    Net Income$25,721 $125,339 Adjustments to reconcile net income to net cash provided by operating activities:    Depreciation and amortization of intangible assets28,378 33,278 Amortization of lease right-of-use asset14,103 16,866 Net pension benefit and special separation benefit expense(23,253)(29,056)Gain on marketable equity securities and cost method investments, net(43,801)(103,746)Loss (gain) on disposition of property, plant and equipment and investments, net276 (487)Credit loss expense1,140 1,696 Stock-based compensation expense, net of forfeitures1,546 1,444 Foreign exchange loss (gain)4,379 (617)Equity in losses (earnings) of affiliates, net of distributions12,241 (131)Provision for deferred income taxes941 12,255 Change in operating assets and liabilities:Accounts receivable16,550 21,523 Inventories35,808 (28,754)Accounts payable and accrued liabilities(72,779)(43,762)Deferred revenue3,443 (1,130)Income taxes receivable/payable(164)27,161 Lease liabilities(7,337)(16,424)Other assets and other liabilities, net48,946 (14,958)Other(124)570 Net Cash Provided by Operating Activities46,014 1,067 Cash Flows from Investing Activities    Purchases of property, plant and equipment(15,482)(21,258)Purchases of marketable equity securities(4,823)— Net proceeds from disposition of a business, property, plant and equipment and investments940 495 Investments in equity affiliates and cost method investments(225)(526)Other 1,000 327 Net Cash Used in Investing Activities(18,590)(20,962)Cash Flows from Financing Activities    Distributions paid to noncontrolling interests(188,253)(797)Net borrowings under revolving credit facilities121,400 9,245 Net (repayments of) proceeds from vehicle floor plan payable(32,301)26,803