Graham Holdings Company (GHC) financial statements (2022 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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments956987200750390649754
Cash and cash equivalents146414200253390649754
Short-term investments810573 496   
Restricted cash and investments12      
Receivables622549606557624633602
Inventory, net of allowances, customer advances and progress billings, including:14112110969613532
Other undisclosed inventory, net of allowances, customer advances and progress billings14112110969613532
Prepaid expense8276     
Other current assets1110683666153
Other undisclosed current assets324164373595493419
Total current assets:1,8471,7741,6631,5321,7361,8711,861
Noncurrent Assets
Operating lease, right-of-use asset438463526✕✕✕✕
Property, plant and equipment468378385293259234231
Long-term investments and receivables1551561621441295959
Long-term investments1551561621441295959
Intangible assets, net (including goodwill)2,0391,8101,7621,6601,6401,2971,147
Goodwill1,6501,4851,3881,2981,3001,1231,018
Intangible assets, net (excluding goodwill)389325374362340174129
Restricted cash and investments1      
Deferred income tax assets8812✕✕✕✕
Other noncurrent assets1641471281181027375
Prepaid pension costs✕✕✕✕✕882980
Other undisclosed noncurrent assets2,3061,7081,2921,0171,07217 
Total noncurrent assets:5,5784,6704,2683,2323,2022,5612,492
TOTAL ASSETS:7,4266,4445,9314,7644,9384,4334,353
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:584520508487526501428
Accounts payable127      
Accrued liabilities277      
Employee-related liabilities179135141149140148143
Taxes payable 54106  
Other undisclosed accounts payable and accrued liabilities 380363327380352285
Deferred revenue359331355✕✕✕✕
Debt142682676 
Deferred revenue and credits✕✕✕✕339312297
Other undisclosed current liabilities8292973196  
Total current liabilities:1,1669501,042812879819725
Noncurrent Liabilities
Long-term debt and lease obligation931935908471487486400
Long-term debt, excluding current maturities526506431471487486400
Operating lease, liability405429477✕✕✕✕
Liabilities, other than long-term debt902781649238290675711
Deferred compensation liability, classified175202194180193196203
Deferred tax liabilities, net✕✕✕  379403
Deferred income tax liabilities677521427✕✕✕✕
Liability, pension and other postretirement and postemployment benefits    212234
Financial instruments subject to mandatory redemption, settlement terms, share value, amount1491 1013 
Other liabilities36492758666671
Other undisclosed noncurrent liabilities   322363  
Total noncurrent liabilities:1,8331,7161,5571,0311,1391,1611,111
Total liabilities:3,0002,6662,5991,8432,0181,9801,836
Temporary equity, carrying amount1412645026
Stockholders' equity
Stockholders' equity attributable to parent, including:4,4003,7593,3192,8972,8952,4332,491
Treasury stock, value(4,108)(4,057)(3,920)(3,922)(3,803)(3,757)(3,649)
Additional paid in capital389388382379371364357
Accumulated other comprehensive income971603304204536236315
Retained earnings7,1276,8056,5346,2365,7925,5895,448
Other undisclosed stockholders' equity attributable to parent202019   20
Stockholders' equity attributable to noncontrolling interest1278    
Other undisclosed stockholders' equity   202020 
Total stockholders' equity:4,4123,7663,3272,9172,9152,4532,491
TOTAL LIABILITIES AND EQUITY:7,4266,4445,9314,7644,9384,4334,353

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues3,1862,8892,9322,6962,5922,4822,586
Revenue, net✕✕✕✕1,074884659
Cost of revenue(3,026)(2,895)(2,725)(2,311)(1,422)(1,242)(1,282)
Gross profit:160(6)2083851,1701,2401,304
Operating expenses(82)106(63)(139)(961)(937)(1,385)
Operating income (loss):77100145246209304(81)
Nonoperating income (expense)14527820112811(13)(9)
Investment income, nonoperating34657  
Net periodic defined benefits expense (reversal of expense), excluding service cost component10959163121✕✕✕
Other nonoperating income (expense)332153224(13)(9)
Interest and debt expense(34)(38)(30)(49)(34)(35)(33)
Income (loss) from continuing operations before equity method investments, income taxes:189340316325186256(122)
Income (loss) from equity method investments1871214(3)(8)(1)
Other undisclosed income (loss) from continuing operations before income taxes2436199(16) 32
Income (loss) from continuing operations before income taxes:450407426324183251(121)
Income tax expense (benefit)(96)(107)(99)(52)120(81)(21)
Income (loss) from continuing operations:353300328271302169(141)
Income from discontinued operations      42
Net income (loss):353300328271302169(99)
Net loss attributable to noncontrolling interest   (0)(0)(1)(1)
Other undisclosed net income (loss) attributable to parent(1)0(0)    
Net income (loss) attributable to parent:352300328271302169(101)
Preferred stock dividends and other adjustments      (1)
Other undisclosed net loss available to common stockholders, basic(2)(2)(2)(2)   
Net income (loss) available to common stockholders, basic:350299326270302169(101)
Other undisclosed net income (loss) available to common stockholders, diluted0000(3)(2)(43)
Net income (loss) available to common stockholders, diluted:350299326270299167(144)

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):353300328271302169(99)
Other comprehensive income (loss)36830099(137)228(78)(139)
Comprehensive income (loss):72160042713553191(238)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)0(0)(0)(0)(1)(1)
Comprehensive income (loss), net of tax, attributable to parent:72060042713453090(239)

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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