v3.25.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating Revenues        
Operating Revenues $ 1,215,772 $ 1,185,280 $ 2,381,687 $ 2,337,942
Operating Costs and Expenses        
Selling, general and administrative 276,690 268,987 547,396 532,966
Depreciation of property, plant and equipment 19,652 22,173 40,206 44,700
Amortization of intangible assets 7,241 10,058 15,065 20,809
Impairment of goodwill and other long-lived assets 0 26,287 0 26,287
Total Operating Costs and Expenses 1,143,021 1,159,369 2,261,463 2,276,589
Income from Operations 72,751 25,911 120,224 61,353
Equity in earnings (losses) of affiliates, net 3,114 2,560 (5,314) 4,891
Interest income 2,261 2,111 4,761 4,289
Interest expense (18,106) (91,383) (100,383) (110,711)
Non-operating pension and postretirement benefit income, net 28,602 24,655 63,219 67,072
(Loss) gain on marketable equity securities, net (11,543) 19,628 32,258 123,780
Other (expense) income, net (16,456) 1,791 (20,521) 3,438
Income (Loss) Before Income Taxes 60,623 (14,727) 94,244 154,112
Provision for Income Taxes 20,200 4,100 28,100 47,600
Net Income (Loss) 40,423 (18,827) 66,144 106,512
Net Income Attributable to Noncontrolling Interests (3,674) (2,213) (5,501) (3,172)
Net Income (Loss) Attributable to Graham Holdings Company Common Stockholders $ 36,749 $ (21,040) $ 60,643 $ 103,340
Per Share Information Attributable to Graham Holdings Company Common Stockholders        
Basic net income (loss) per common share (in USD per share) $ 8.43 $ (4.79) $ 13.93 $ 23.24
Basic average number of common shares outstanding (in shares) 4,333 4,401 4,327 4,416
Diluted net income (loss) per common share (in USD per share) $ 8.35 $ (4.79) $ 13.81 $ 23.11
Diluted average number of common shares outstanding (in shares) 4,373 4,401 4,366 4,442
Services [Member]        
Operating Revenues        
Operating Revenues $ 668,627 $ 657,124 $ 1,316,134 $ 1,303,534
Operating Costs and Expenses        
Cost of services and goods 389,316 384,293 775,452 772,036
Goods [Member]        
Operating Revenues        
Operating Revenues 547,145 528,156 1,065,553 1,034,408
Operating Costs and Expenses        
Cost of services and goods $ 450,122 $ 447,571 $ 883,344 $ 879,791