Company: GHC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000104889-25-000022
Chunk: 33

Company: Graham Holdings Co
Filing Date: 2025-02-26
Form: 10-K
Item: Item 16
Chunk 33
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$70,829 $456,265 $212,051 $16,445 $91,447 $254 $847,291 Finance leases18,511 3,966 1,242 18 3 — 23,740 Operating leases102,977 72,629 64,432 53,599 47,271 256,558 597,466 Television broadcasting commitments (1)78,451 43,796 12,280 5,014 — — 139,541 IT software and services37,951 32,009 20,840 4,754 84 — 95,638 Other purchase obligations (2) 25,816 7,617 229 35 18 — 33,715 Long-term liabilities (3) 2,267 2,247 2,238 2,221 2,211 2,759 13,943 Total$336,802 $618,529 $313,312 $82,086 $141,034 $259,571 $1,751,334 

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(1)Includes network fees, employment agreements and programming purchase commitments for the Company’s television broadcasting business.(2)Includes purchase obligations related to capital projects and other legally binding commitments. Other purchase orders made in the ordinary course of business are excluded from the table above. Any amounts for which the Company is liable under purchase orders are reflected in the Company’s Consolidated Balance Sheets as accounts payable and accrued liabilities.(3)Primarily made up of multiemployer pension plan withdrawal obligations and postretirement benefit obligations other than pensions. The Company has other long-term liabilities excluded from the table above, including obligations for deferred compensation, long-term incentive plans, long-term deferred revenue and mandatorily redeemable noncontrolling interest.

Other.  The Company does not have any off-balance-sheet arrangements or financing activities with special-purpose entities.

CRITICAL ACCOUNTING POLICIES AND ESTIMATES

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and judgments that affect the amounts reported in the financial statements. On an ongoing basis, the Company evaluates its estimates and assumptions. The Company bases its estimates on historical experience and other assumptions believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other