Graham Holdings Company (GHC) financial statements (2021 and earlier)

Company profile

Business Address 1300 NORTH 17TH STREET
ARLINGTON, VA 22209
State of Incorp. DE
Fiscal Year End December 31
SIC 82 - Educational Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2007503906497549671,057
Cash and cash equivalents200253390649754773570
Short-term investments 496   194487
Receivables606557624633602539827
Inventory, net of allowances, customer advances and progress billings, including:10969613532113
Other undisclosed inventory, net of allowances, customer advances and progress billings10969613532113
Disposal group, including discontinued operation     1 
Income taxes receivable✕✕✕✕✕✕18
Other current assets106836661538177
Other undisclosed current assets6437359549341992(279)
Total current assets:1,6631,5321,7361,8711,8611,6911,702
Noncurrent Assets
Operating lease, right-of-use asset526✕✕✕✕✕✕
Property, plant and equipment385293259234231861928
Long-term investments and receivables16214412959592016
Long-term investments16214412959592016
Intangible assets, net (including goodwill)1,7621,6601,6401,2971,1471,9621,869
Goodwill1,3881,2981,3001,1231,0181,3491,289
Intangible assets, net (excluding goodwill)374362340174129614581
Deferred income tax assets12✕✕✕✕✕✕
Other noncurrent assets12811810273756550
Prepaid pension costs✕✕✕8829801,1521,246
Other undisclosed noncurrent assets1,2921,0171,07217 1 
Total noncurrent assets:4,2683,2323,2022,5612,4924,0624,109
TOTAL ASSETS:5,9314,7644,9384,4334,3535,7525,811
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:508487526501428464506
Employee-related liabilities141149140148143161162
Taxes payable4106  129 
Accounts payable and other accrued liabilities✕✕✕✕✕✕344
Other undisclosed accounts payable and accrued liabilities363327380352285174 
Deferred revenue355✕✕✕✕✕✕
Debt82676 463
Disposal group, including discontinued operation     1 
Deferred revenue and credits✕✕339312297410367
Deferred tax liabilities✕     58
Other undisclosed current liabilities973196  129 
Total current liabilities:1,0428128798197251,051934
Noncurrent Liabilities
Long-term debt and lease obligation908471487486400400448
Long-term debt, excluding current maturities431471487486400400448
Operating lease, liability477✕✕✕✕✕✕
Liabilities, other than long-term debt6492382906757111,1291,112
Pension and other postretirement defined benefit plans, liabilities✕✕✕✕✕✕36
Deferred compensation liability, classified194180193196203244212
Deferred tax liabilities, net✕  379403755779
Deferred income tax liabilities427✕✕✕✕✕✕
Liability, pension and other postretirement and postemployment benefits  21223438✕
Financial instruments subject to mandatory redemption, settlement terms, share value, amount1 1013   
Other liabilities27586666719286
Other undisclosed noncurrent liabilities 322363    
Total noncurrent liabilities:1,5571,0311,1391,1611,1111,5281,560
Total liabilities:2,5991,8432,0181,9801,8362,5792,494
Temporary equity, carrying amount6450263217
Stockholders' equity
Stockholders' equity attributable to parent, including:3,3192,8972,8952,4332,4913,1403,300
Treasury stock, value(3,920)(3,922)(3,803)(3,757)(3,649)(3,645)(2,490)
Additional paid in capital382379371364357304288
Accumulated other comprehensive income304204536236315453699
Retained earnings6,5346,2365,7925,5895,4486,0094,783
Other undisclosed stockholders' equity attributable to parent19   202020
Stockholders' equity attributable to noncontrolling interest8    00
Other undisclosed stockholders' equity 202020   
Total stockholders' equity:3,3272,9172,9152,4532,4913,1413,300
TOTAL LIABILITIES AND EQUITY:5,9314,7644,9384,4334,3535,7525,811

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,9322,6962,5922,4822,5863,5353,488
Revenue, net✕✕1,0748846591,3801,316
Cost of revenue(2,725)(2,311)(1,422)(1,242)(1,282)(1,977)(1,797)
Gross profit:2083851,1701,2401,3041,5581,691
Operating expenses(63)(139)(961)(937)(1,385)(1,150)(1,346)
Operating income (loss):145246209304(81)408346
Nonoperating income (expense)20112811(13)(9)1,240(36)
Investment income, nonoperating657  3981
Foreign currency transaction loss, before tax     (11)(13)
Net periodic defined benefits expense (reversal of expense), excluding service cost component163121✕✕✕✕✕
Other nonoperating income (expense)3224(13)(9)853(24)
Interest and debt expense(30)(49)(34)(35)(33)(37)(36)
Income (loss) from continuing operations before equity method investments, income taxes:316325186256(122)1,611273
Income (loss) from equity method investments1214(3)(8)(1)10013
Other undisclosed income (loss) from continuing operations before income taxes99(16) 32(385)15
Income (loss) from continuing operations before income taxes:426324183251(121)1,327301
Income tax expense (benefit)(99)(52)120(81)(21)(406)(110)
Income (loss) from continuing operations:328271302169(141)921191
Income from discontinued operations    4237246
Net income (loss):328271302169(99)1,293237
Net income (loss) attributable to noncontrolling interest (0)(0)(1)(1)1(0)
Other undisclosed net loss attributable to parent(0)      
Net income (loss) attributable to parent:328271302169(101)1,294237
Preferred stock dividends and other adjustments    (1)(1)(1)
Other undisclosed net loss available to common stockholders, basic(2)(2)     
Net income (loss) available to common stockholders, basic:326270302169(101)1,293236
Other undisclosed net income (loss) available to common stockholders, diluted00(3)(2)(43)(391)(49)
Net income (loss) available to common stockholders, diluted:326270299167(144)902187

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):328271302169(99)1,293237
Other comprehensive income (loss)99(137)228(78)(139)(246)447
Comprehensive income (loss):42713553191(238)1,047684
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)(0)(1)(1)11
Comprehensive income (loss), net of tax, attributable to parent:42713453090(239)1,048684

Statements sources

The financial statements are based on the company's filings with the 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.

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