Graham Holdings Co (GHC) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1812 NORTH MOORE STREET ARLINGTON, VA 22209 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 82 - Educational Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 3/31/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,113 | 860 | 779 | 956 | 987 | 200 | |||
| Cash and cash equivalent | 261 | 170 | 169 | 146 | 414 | 200 | |||
| Short-term investments | 852 | 690 | 610 | 810 | 573 | ||||
| Restricted cash and investments | 37 | 32 | 20 | 12 | |||||
| Receivables | 486 | 503 | 543 | 622 | 549 | 606 | |||
| Inventory, net of allowances, customer advances and progress billings, including: | 296 | 297 | 227 | 141 | 121 | 109 | |||
| Other undisclosed inventory, net of allowances, customer advances and progress billings | 296 | 297 | 227 | 141 | 121 | 109 | |||
| Prepaid expense | 116 | 120 | 97 | 82 | 76 | ||||
| Contract with customer, asset, after allowance for credit loss | 3 | ||||||||
| Disposal group, including discontinued operation | |||||||||
| Other current assets | 8 | 1 | 2 | 1 | 1 | 106 | |||
| Other undisclosed current assets | 40 | 36 | 40 | 32 | 41 | 643 | |||
| Total current assets: | 2,099 | 1,849 | 1,708 | 1,847 | 1,774 | 1,663 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 22 | 23 | 14 | ||||||
| Operating lease, right-of-use asset | 388 | 409 | 429 | 438 | 463 | 526 | |||
| Property, plant and equipment | 549 | 560 | 503 | 468 | 378 | 385 | |||
| Long-term investments and receivables | 169 | 186 | 186 | 155 | 156 | 162 | |||
| Long-term investments | 169 | 186 | 186 | 155 | 156 | 162 | |||
| Intangible assets, net (including goodwill) | 1,721 | 1,825 | 1,901 | 2,039 | 1,810 | 1,762 | |||
| Goodwill | 1,500 | 1,525 | 1,561 | 1,650 | 1,485 | 1,388 | |||
| Intangible assets, net (excluding goodwill) | 221 | 300 | 340 | 389 | 325 | 374 | |||
| Restricted cash and investments | 1 | 1 | |||||||
| Deferred income tax assets | 9 | 11 | 7 | 8 | 8 | 12 | |||
| Other noncurrent assets | 231 | 233 | 189 | 164 | 147 | 128 | |||
| Other undisclosed noncurrent assets | 2,489 | 2,091 | 1,644 | 2,306 | 1,708 | 1,292 | |||
| Total noncurrent assets: | 5,579 | 5,338 | 4,874 | 5,578 | 4,670 | 4,268 | |||
| TOTAL ASSETS: | 7,677 | 7,188 | 6,582 | 7,426 | 6,444 | 5,931 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 713 | 695 | 563 | 584 | 520 | 508 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 5 | 4 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 179 | 135 | 141 | ||
| Accounts payable | 160 | 154 | 136 | 127 | |||||
| Accrued liabilities | 416 | 399 | 427 | 277 | |||||
| Other undisclosed accounts payable and accrued liabilities | 136 | 141 | 380 | 363 | |||||
| Deferred revenue | 391 | 397 | 381 | 359 | 331 | 355 | |||
| Debt | 45 | 67 | 156 | 142 | 6 | 82 | |||
| Financial instruments subject to mandatory redemption, settlement terms, share value, amount | |||||||||
| Other undisclosed current liabilities | 52 | 72 | 74 | 82 | 92 | 97 | |||
| Total current liabilities: | 1,200 | 1,230 | 1,174 | 1,166 | 950 | 1,042 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 722 | 745 | 571 | 931 | 935 | 908 | |||
| Long-term debt, excluding current maturities | 722 | 745 | 571 | 526 | 506 | 431 | |||
| Liabilities, other than long-term debt | 1,425 | 1,187 | 1,063 | 902 | 781 | 649 | |||
| Deferred compensation liability, classified | 136 | 137 | 135 | 175 | 202 | 194 | |||
| Deferred income tax liabilities | 739 | 600 | 466 | 677 | 521 | 427 | |||
| Financial instruments subject to mandatory redemption, settlement terms, share value, amount | 160 | 41 | 31 | 14 | 9 | 1 | |||
| Other liabilities | 27 | 32 | 38 | 36 | 49 | 27 | |||
| Operating lease, liability | 363 | 377 | 394 | 405 | 429 | 477 | |||
| Total noncurrent liabilities: | 2,147 | 1,932 | 1,634 | 1,833 | 1,716 | 1,557 | |||
| Total liabilities: | 3,347 | 3,162 | 2,808 | 3,000 | 2,666 | 2,599 | |||
| Temporary equity, including noncontrolling interest | 44 | 24 | 22 | 14 | 12 | 6 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 4,257 | 3,976 | 3,731 | 4,400 | 3,759 | 3,319 | |||
| Common stock | |||||||||
| Treasury stock, value | (4,487) | (4,368) | (4,178) | (4,108) | (4,057) | (3,920) | |||
| Additional paid in capital | 357 | 372 | 390 | 389 | 388 | 382 | |||
| Accumulated other comprehensive income | 335 | 614 | 336 | 971 | 603 | 304 | |||
| Retained earnings | 8,032 | 7,337 | 7,163 | 7,127 | 6,805 | 6,534 | |||
| Other undisclosed equity, attributable to parent | 20 | 20 | 20 | 20 | 20 | 19 | |||
| Equity, attributable to noncontrolling interest | 30 | 26 | 21 | 12 | 7 | 8 | |||
| Total equity: | 4,287 | 4,002 | 3,753 | 4,412 | 3,766 | 3,327 | |||
| TOTAL LIABILITIES AND EQUITY: | 7,677 | 7,188 | 6,582 | 7,426 | 6,444 | 5,931 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,791 | 4,415 | 3,924 | 3,186 | 2,889 | 2,932 | ||
| Cost of revenue | (4,488) | (4,203) | (3,675) | (3,026) | (2,895) | (2,725) | ||
| Gross profit: | 303 | 212 | 250 | 160 | (6) | 208 | ||
| Operating expenses | (88) | (143) | (166) | (82) | 106 | (63) | ||
| Operating income: | 216 | 69 | 84 | 77 | 100 | 145 | ||
| Nonoperating income | 817 | 160 | 235 | 145 | 278 | 201 | ||
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | 795 | 134 | 198 | 109 | 59 | 163 | ||
| Other nonoperating income | 13 | 19 | 34 | 33 | 215 | 32 | ||
| Interest and debt expense | (186) | (63) | (54) | (34) | (38) | (30) | ||
| Income from continuing operations before equity method investments, income taxes: | 847 | 166 | 264 | 189 | 340 | 316 | ||
| Income (loss) from equity method investments | (3) | (5) | (3) | 18 | 7 | 12 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 181 | 138 | (140) | 243 | 61 | 99 | ||
| Income from continuing operations before income taxes: | 1,025 | 299 | 122 | 450 | 407 | 426 | ||
| Income tax expense | (292) | (87) | (51) | (96) | (107) | (99) | ||
| Income from continuing operations: | 733 | 212 | 70 | 353 | 300 | 328 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 353 | 300 | 328 | |
| Net income: | 733 | 212 | 70 | 353 | 300 | 328 | ||
| Net loss attributable to noncontrolling interest | (8) | |||||||
| Other undisclosed net income (loss) attributable to parent | (6) | (3) | (1) | 0 | (0) | |||
| Net income attributable to parent: | 725 | 205 | 67 | 352 | 300 | 328 | ||
| Other undisclosed net loss available to common stockholders, basic | (5) | (1) | (0) | (2) | (2) | (2) | ||
| Net income available to common stockholders, basic: | 720 | 204 | 67 | 350 | 299 | 326 | ||
| Other undisclosed net income available to common stockholders, diluted | 0 | 0 | 0 | 0 | 0 | |||
| Net income available to common stockholders, diluted: | 720 | 204 | 67 | 350 | 299 | 326 | ||
Comprehensive Income ($ in millions)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 733 | 212 | 70 | 353 | 300 | 328 | ||
| Net loss attributable to redeemable noncontrolling interest | (3) | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other comprehensive income (loss) | (280) | 278 | (635) | 368 | 300 | 99 | ||
| Comprehensive income (loss): | 453 | 490 | (565) | 721 | 600 | 427 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (8) | (6) | (3) | (1) | 0 | (0) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 445 | 483 | (568) | 720 | 600 | 427 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.