v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating Revenues        
Operating Revenues $ 1,302,506 $ 1,215,772 $ 2,538,498 $ 2,381,687
Operating Costs and Expenses        
Selling, general and administrative 284,138 276,690 561,619 547,396
Depreciation of property, plant and equipment 18,281 19,652 36,675 40,206
Amortization of intangible assets 5,978 7,241 12,033 15,065
Impairment of goodwill and asset group held for sale 0 0 19,029 0
Total Operating Costs and Expenses 1,218,872 1,143,021 2,397,031 2,261,463
Income from Operations 83,634 72,751 141,467 120,224
Equity in (losses) earnings of affiliates, net (19,863) 3,114 14,987 (5,314)
Interest income 1,881 2,261 4,356 4,761
Interest expense (17,173) (18,106) (33,402) (100,383)
Non-operating pension and postretirement benefit income, net 169,649 28,602 200,722 63,219
Gain (loss) on marketable equity securities, net 101,879 (11,543) 32,956 32,258
Other expense, net (2,531) (16,456) (2,959) (20,521)
Income Before Income Taxes 317,476 60,623 358,127 94,244
Provision for Income Taxes 35,100 20,200 45,000 28,100
Net Income 282,376 40,423 313,127 66,144
Net Income Attributable to Noncontrolling Interests (1,273) (3,674) (2,918) (5,501)
Net Income Attributable to Graham Holdings Company Common Stockholders $ 281,103 $ 36,749 $ 310,209 $ 60,643
Per Share Information Attributable to Graham Holdings Company Common Stockholders        
Basic net income per common share (in USD per share) $ 65.53 $ 8.43 $ 71.76 $ 13.93
Basic average number of common shares outstanding (in shares) 4,265 4,333 4,298 4,327
Diluted net income per common share (in USD per share) $ 64.86 $ 8.35 $ 71.04 $ 13.81
Diluted average number of common shares outstanding (in shares) 4,309 4,373 4,342 4,366
Services [Member]        
Operating Revenues        
Operating Revenues $ 664,565 $ 668,627 $ 1,338,364 $ 1,316,134
Operating Costs and Expenses        
Cost of services and goods 384,996 389,316 779,989 775,452
Goods [Member]        
Operating Revenues        
Operating Revenues 637,941 547,145 1,200,134 1,065,553
Operating Costs and Expenses        
Cost of services and goods $ 525,479 $ 450,122 $ 987,686 $ 883,344