Company: GHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000104889-25-000062
Chunk: 0

Company: Graham Holdings Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1. Financial Statements.

GRAHAM HOLDINGS COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) 

  Three Months Ended  June 30Six Months Ended  June 30  (in thousands, except per share amounts)2025202420252024Operating RevenuesSales of services$668,627 $657,124 $1,316,134 $1,303,534 Sales of goods547,145 528,156 1,065,553 1,034,408 1,215,772 1,185,280 2,381,687 2,337,942 Operating Costs and Expenses    Cost of services sold (exclusive of items shown below)389,316 384,293 775,452 772,036 Cost of goods sold (exclusive of items shown below)450,122 447,571 883,344 879,791 Selling, general and administrative276,690 268,987 547,396 532,966 Depreciation of property, plant and equipment19,652 22,173 40,206 44,700 Amortization of intangible assets7,241 10,058 15,065 20,809 Impairment of goodwill and other long-lived assets— 26,287 — 26,287   1,143,021 1,159,369 2,261,463 2,276,589 Income from Operations72,751 25,911 120,224 61,353 Equity in earnings (losses) of affiliates, net3,114 2,560 (5,314)4,891 Interest income2,261 2,111 4,761 4,289 Interest expense(18,106)(91,383)(100,383)(110,711)Non-operating pension and postretirement benefit income, net28,602 24,655 63,219 67,072 (Loss) gain on marketable equity securities, net(11,543)19,628 32,258 123,780 Other (expense) income, net(16,456)1,791 (20,521)3,438 Income (Loss) Before Income Taxes60,623 (14,727)94,244 154,112 Provision for Income