v3.26.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Operating Revenues        
Operating Revenues $ 1,326,037 $ 1,278,859 $ 3,864,535 $ 3,660,546
Operating Costs and Expenses        
Selling, general and administrative 282,836 276,103 844,455 823,499
Depreciation of property, plant and equipment 18,119 19,298 54,794 59,504
Amortization of intangible assets 5,775 9,692 17,808 24,757
Impairment of goodwill, other long-lived assets and asset group held for sale 0 2,235 19,029 2,235
Total Operating Costs and Expenses 1,240,516 1,211,723 3,637,547 3,473,186
Income from Operations 85,521 67,136 226,988 187,360
Equity in (losses) earnings of affiliates, net (3,590) 15,780 11,397 10,466
Interest income 1,594 1,464 5,950 6,225
Interest expense (15,769) (17,164) (49,171) (117,547)
Non-operating pension and postretirement benefit income, net 47,601 31,047 248,323 94,266
(Loss) gain on marketable equity securities, net (15,027) 84,768 17,929 117,026
Other (expense) income, net (1,187) 7 (4,146) (20,514)
Income Before Income Taxes 99,143 183,038 457,270 277,282
Provision for Income Taxes 21,900 56,800 66,900 84,900
Net Income 77,243 126,238 390,370 192,382
Net Income Attributable to Noncontrolling Interests (2,133) (3,313) (5,051) (8,814)
Net Income Attributable to Graham Holdings Company Common Stockholders $ 75,110 $ 122,925 $ 385,319 $ 183,568
Per Share Information Attributable to Graham Holdings Company Common Stockholders        
Basic net income per common share (in USD per share) $ 17.79 $ 28.19 $ 89.84 $ 42.15
Basic average number of common shares outstanding (in shares) 4,198 4,334 4,264 4,329
Diluted net income per common share (in USD per share) $ 17.60 $ 27.91 $ 88.92 $ 41.75
Diluted average number of common shares outstanding (in shares) 4,243 4,378 4,309 4,370
Services [Member]        
Operating Revenues        
Operating Revenues $ 659,733 $ 700,356 $ 1,998,097 $ 2,016,490
Operating Costs and Expenses        
Cost of services and goods 385,736 425,051 1,165,725 1,200,503
Goods [Member]        
Operating Revenues        
Operating Revenues 666,304 578,503 1,866,438 1,644,056
Operating Costs and Expenses        
Cost of services and goods $ 548,050 $ 479,344 $ 1,535,736 $ 1,362,688