Company: GHC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000104889-25-000022
Chunk: 128

Company: Graham Holdings Co
Filing Date: 2025-02-26
Form: 10-K
Item: Item 16
Chunk 128
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consolidation of the subsidiary and Pinna, which merged with another entity in June 2023 resulting in the deconsolidation of the subsidiary.Corporate Office.  Corporate office includes the expenses of the Company’s corporate office, defined benefit pension expense, and certain continuing obligations related to prior business dispositions.Geographical Information.  The Company’s non-U.S. revenues in 2024, 2023 and 2022 totaled approximately $1,042 million, $930 million and $776 million, respectively, primarily from Kaplan’s operations outside the U.S. 

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Additionally, revenues in 2024, 2023 and 2022 totaled approximately $618 million, $543 million, and $448 million, respectively, from Kaplan’s operations in the U.K. The Company’s long-lived assets in non-U.S. countries (excluding goodwill and other intangible assets), totaled approximately $455 million and $492 million at December 31, 2024 and 2023, respectively.

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Company information broken down by operating segment and education division:Year Ended December 31, 2024(in thousands)EducationTelevision BroadcastingManufacturingHealthcareAutomotiveTotal SegmentsOperating Revenues$1,691,778 $535,678 $395,642 $611,109 $1,200,477 $4,434,684 Reconciliation of RevenueOther Businesses and Corporate Office Revenues (1)358,822 Intersegment Elimination(2,602)Total Consolidated Revenues$4,790,904 Less: Significant Expenses (2)Cost of Revenue (3)655,482 293,215 343,695 1,021,271 2,313,663 Payroll and Fringe Benefits Expense (4)471,144 112,316 84,416 667,876 Occupancy Expense116,839 7,573 124,412 Advertising and Marketing Expense70,828 70,828 Networking and Programming Expense126,474 126,474 Management Services (5)8,054 8,054 Other Segment Items (6)190,448 73,064 59,379 188,856 34,059 545,806 EBITDAP$187,037 $223,824 $43,048 $78,558 $45,104 $577,571 Pension Service Cost17,733 6,055