Company: GHC
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001628280-25-046925
Chunk: 126

Company: Graham Holdings Co
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 8
Chunk 126
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 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.Asset information for the Company’s business segments and education division is as follows: As of(in thousands)September 30, 2025December 31, 2024Identifiable Assets  Kaplan international$1,477,830 $1,500,846 Higher education166,186 182,442 Supplemental education235,712 238,836 Kaplan corporate and other36,668 41,754 Education1,916,396 1,963,878 Television broadcasting390,131 402,200 Manufacturing551,370 411,137 Healthcare354,387 308,591 Automotive545,808 582,105 Total Segments3,758,092 3,667,911 Other businesses339,484 338,089 Corporate office91,771 139,126 Investments in Marketable Equity Securities998,793 852,434 Investments in Affiliates201,144 169,125 Prepaid Pension Cost2,462,685 2,510,520 Total Assets$7,851,969 $7,677,205  

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Item 2. Management’s Discussion and Analysis of Results of Operations and Financial Condition.

This analysis should be read in conjunction with the condensed consolidated financial statements and the notes thereto.

Results of Operations

The Company reported net income attributable to common shares of $122.9 million ($27.91 per share) for the third quarter of 2025, compared to $72.5 million ($16.42 per share) for the third quarter of 2024.

Items included in the Company’s net income for the third quarter of 2025:

•$2.2 million in intangible and other long-lived asset impairment charges at healthcare, automotive and other businesses (after tax impact of $1.7 million, or $0.39 per share);

•$2.5 million in non-operating expenses related to Separation Incentive Programs (S