Company: GHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000104889-25-000062
Chunk: 42

Company: Graham Holdings Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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.(3)Cost of revenue reflects the amounts reported and provided to the CODM and does not necessarily reconcile to the Company's Consolidated Statement of Operations or align across reportable segments. Cost of revenue excludes charges related to depreciation, which is shown separately above.(4)Excludes pension service cost, which is shown separately above. Excludes any payroll and related benefits costs captured in cost of revenue.(5)Management and operating services provided by Christopher J. Ourisman and his team of industry professionals.(6)Other segment items for each reportable segment include:(a)Education (includes Kaplan International, Kaplan Higher Education and Kaplan Supplemental Education) - training and employment expense, travel meals and entertainment expense, operating fees and other G&A expenses.(b)Television Broadcasting - other broadcast expenses, facilities expenses, third-party commission costs and other SG&A expenses.(c)Manufacturing - payroll and fringe benefits expense (SG&A) and other SG&A expenses.(d)Healthcare - indirect costs (e.g. payroll and benefits expenses, general and administrative expenses) and other SG&A expenses.(e)Automotive - advertising and marketing expense and other G&A expenses.(7)Profit or loss from operating segments below the quantitative thresholds attributable to Other Businesses as described above. These operating segments did not meet any of the quantitative thresholds for determining reportable segments.(8)Capital Expenditures from operating segments below the quantitative thresholds are attributable to Other Businesses and the Corporate Office, as described above. None of these operating segments meet the quantitative thresholds for determining reportable segments.

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The Company’s education division comprises the following operating segments:Six Months Ended June 30, 2024(in thousands)Kaplan InternationalHigher EducationSupplemental EducationKaplan Corporate and OtherIntersegment EliminationTotal EducationOperating Revenues$536,824 $161,163 $145,255 $5,581 $(3,326)$845,497 Less: Significant Expenses (1)Cost of Revenue (2)181,340 123,306 27,781 (3,487)328,940 Payroll and Fringe Benefits Expense (3)150,223 7,995 61,774 11,930 231,922 Occupancy Expense53,755 362 1,343 5,498 60,958 Advertising and Marketing Expense16,388 3,019 15,844 295 35,546 Other Segment Items (4)63,120 1,