Company: GHC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000104889-25-000022
Chunk: 80

Company: Graham Holdings Co
Filing Date: 2025-02-26
Form: 10-K
Item: Item 16
Chunk 80
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 on a fully diluted basis, and continues to account for its investment under the equity method.The Company had $38.0 million and $36.9 million in its investment account that represents cumulative undistributed income in its investments in affiliates as of December 31, 2024 and 2023, respectively.Additionally, Kaplan International Holdings Limited (KIHL) held a 45% interest in a joint venture formed with University of York. KIHL loaned the joint venture £22 million, which is repayable over 25 years at an interest rate of 7% and guaranteed by the University of York. The outstanding balance on this loan was £19.3 million as of December 31, 2024. The loan is repayable by December 2041.Cost Method Investments.  The Company held investments without readily determinable fair values in a number of equity securities that are accounted for as cost method investments, which are recorded at cost, less impairment, and adjusted for observable price changes for identical or similar investments of the same issuer. The carrying 

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value of these investments was $74.8 million and $74.0 million as of December 31, 2024 and 2023, respectively. During the year ended December 31, 2024, the Company recorded losses of $1.7 million to those equity securities based on observable transactions. During the years ended December 31, 2024, 2023 and 2022, the Company recorded gains of $0.2 million, $3.1 million and $6.9 million, respectively, to those equity securities based on observable transactions. For the years ended December 31, 2024, 2023 and 2022, the Company recorded impairment losses of $0.7 million, $0.5 million and $1.3 million, respectively, to those securities.

5.    ACCOUNTS RECEIVABLE, ACCOUNTS PAYABLE, VEHICLE FLOOR PLAN PAYABLE AND ACCRUED LIABILITIES

Accounts receivable consist of the following:As of December 31(in thousands)20242023Receivables from contracts with customers, less estimated credit losses of $23,719 and $24,667$477,827 $496,172 Other receivables36,599 28,915  $514,426 $525,087 The changes in estimated credit losses were as follows:(in thousands)Balance at Beginning of PeriodAdditions –