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)
12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 200 | 750 | 390 | 649 | 754 | 967 | 1,057 | ||
Cash and cash equivalents | 200 | 253 | 390 | 649 | 754 | 773 | 570 | ||
Short-term investments | 496 | 194 | 487 | ||||||
Receivables | 606 | 557 | 624 | 633 | 602 | 539 | 827 | ||
Inventory, net of allowances, customer advances and progress billings, including: | 109 | 69 | 61 | 35 | 32 | 11 | 3 | ||
Other undisclosed inventory, net of allowances, customer advances and progress billings | 109 | 69 | 61 | 35 | 32 | 11 | 3 | ||
Disposal group, including discontinued operation | 1 | ||||||||
Income taxes receivable | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 18 | ||
Other current assets | 106 | 83 | 66 | 61 | 53 | 81 | 77 | ||
Other undisclosed current assets | 643 | 73 | 595 | 493 | 419 | 92 | (279) | ||
Total current assets: | 1,663 | 1,532 | 1,736 | 1,871 | 1,861 | 1,691 | 1,702 | ||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 526 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Property, plant and equipment | 385 | 293 | 259 | 234 | 231 | 861 | 928 | ||
Long-term investments and receivables | 162 | 144 | 129 | 59 | 59 | 20 | 16 | ||
Long-term investments | 162 | 144 | 129 | 59 | 59 | 20 | 16 | ||
Intangible assets, net (including goodwill) | 1,762 | 1,660 | 1,640 | 1,297 | 1,147 | 1,962 | 1,869 | ||
Goodwill | 1,388 | 1,298 | 1,300 | 1,123 | 1,018 | 1,349 | 1,289 | ||
Intangible assets, net (excluding goodwill) | 374 | 362 | 340 | 174 | 129 | 614 | 581 | ||
Deferred income tax assets | 12 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Other noncurrent assets | 128 | 118 | 102 | 73 | 75 | 65 | 50 | ||
Prepaid pension costs | ✕ | ✕ | ✕ | 882 | 980 | 1,152 | 1,246 | ||
Other undisclosed noncurrent assets | 1,292 | 1,017 | 1,072 | 17 | 1 | ||||
Total noncurrent assets: | 4,268 | 3,232 | 3,202 | 2,561 | 2,492 | 4,062 | 4,109 | ||
TOTAL ASSETS: | 5,931 | 4,764 | 4,938 | 4,433 | 4,353 | 5,752 | 5,811 | ||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities, including: | 508 | 487 | 526 | 501 | 428 | 464 | 506 | ||
Employee-related liabilities | 141 | 149 | 140 | 148 | 143 | 161 | 162 | ||
Taxes payable | 4 | 10 | 6 | 129 | |||||
Accounts payable and other accrued liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 344 | ||
Other undisclosed accounts payable and accrued liabilities | 363 | 327 | 380 | 352 | 285 | 174 | |||
Deferred revenue | 355 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Debt | 82 | 6 | 7 | 6 | 46 | 3 | |||
Disposal group, including discontinued operation | 1 | ||||||||
Deferred revenue and credits | ✕ | ✕ | 339 | 312 | 297 | 410 | 367 | ||
Deferred tax liabilities | ✕ | 58 | |||||||
Other undisclosed current liabilities | 97 | 319 | 6 | 129 | |||||
Total current liabilities: | 1,042 | 812 | 879 | 819 | 725 | 1,051 | 934 | ||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 908 | 471 | 487 | 486 | 400 | 400 | 448 | ||
Long-term debt, excluding current maturities | 431 | 471 | 487 | 486 | 400 | 400 | 448 | ||
Operating lease, liability | 477 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Liabilities, other than long-term debt | 649 | 238 | 290 | 675 | 711 | 1,129 | 1,112 | ||
Pension and other postretirement defined benefit plans, liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 36 | ||
Deferred compensation liability, classified | 194 | 180 | 193 | 196 | 203 | 244 | 212 | ||
Deferred tax liabilities, net | ✕ | 379 | 403 | 755 | 779 | ||||
Deferred income tax liabilities | 427 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Liability, pension and other postretirement and postemployment benefits | 21 | 22 | 34 | 38 | ✕ | ||||
Financial instruments subject to mandatory redemption, settlement terms, share value, amount | 1 | 10 | 13 | ||||||
Other liabilities | 27 | 58 | 66 | 66 | 71 | 92 | 86 | ||
Other undisclosed noncurrent liabilities | 322 | 363 | |||||||
Total noncurrent liabilities: | 1,557 | 1,031 | 1,139 | 1,161 | 1,111 | 1,528 | 1,560 | ||
Total liabilities: | 2,599 | 1,843 | 2,018 | 1,980 | 1,836 | 2,579 | 2,494 | ||
Temporary equity, carrying amount | 6 | 4 | 5 | 0 | 26 | 32 | 17 | ||
Stockholders' equity | |||||||||
Stockholders' equity attributable to parent, including: | 3,319 | 2,897 | 2,895 | 2,433 | 2,491 | 3,140 | 3,300 | ||
Treasury stock, value | (3,920) | (3,922) | (3,803) | (3,757) | (3,649) | (3,645) | (2,490) | ||
Additional paid in capital | 382 | 379 | 371 | 364 | 357 | 304 | 288 | ||
Accumulated other comprehensive income | 304 | 204 | 536 | 236 | 315 | 453 | 699 | ||
Retained earnings | 6,534 | 6,236 | 5,792 | 5,589 | 5,448 | 6,009 | 4,783 | ||
Other undisclosed stockholders' equity attributable to parent | 19 | 20 | 20 | 20 | |||||
Stockholders' equity attributable to noncontrolling interest | 8 | 0 | 0 | ||||||
Other undisclosed stockholders' equity | 20 | 20 | 20 | ||||||
Total stockholders' equity: | 3,327 | 2,917 | 2,915 | 2,453 | 2,491 | 3,141 | 3,300 | ||
TOTAL LIABILITIES AND EQUITY: | 5,931 | 4,764 | 4,938 | 4,433 | 4,353 | 5,752 | 5,811 |
Income statement (P&L) ($ in millions)
12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 2,932 | 2,696 | 2,592 | 2,482 | 2,586 | 3,535 | 3,488 | |
Revenue, net | ✕ | ✕ | 1,074 | 884 | 659 | 1,380 | 1,316 | |
Cost of revenue | (2,725) | (2,311) | (1,422) | (1,242) | (1,282) | (1,977) | (1,797) | |
Gross profit: | 208 | 385 | 1,170 | 1,240 | 1,304 | 1,558 | 1,691 | |
Operating expenses | (63) | (139) | (961) | (937) | (1,385) | (1,150) | (1,346) | |
Operating income (loss): | 145 | 246 | 209 | 304 | (81) | 408 | 346 | |
Nonoperating income (expense) | 201 | 128 | 11 | (13) | (9) | 1,240 | (36) | |
Investment income, nonoperating | 6 | 5 | 7 | 398 | 1 | |||
Foreign currency transaction loss, before tax | (11) | (13) | ||||||
Net periodic defined benefits expense (reversal of expense), excluding service cost component | 163 | 121 | ✕ | ✕ | ✕ | ✕ | ✕ | |
Other nonoperating income (expense) | 32 | 2 | 4 | (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: | 316 | 325 | 186 | 256 | (122) | 1,611 | 273 | |
Income (loss) from equity method investments | 12 | 14 | (3) | (8) | (1) | 100 | 13 | |
Other undisclosed income (loss) from continuing operations before income taxes | 99 | (16) | 3 | 2 | (385) | 15 | ||
Income (loss) from continuing operations before income taxes: | 426 | 324 | 183 | 251 | (121) | 1,327 | 301 | |
Income tax expense (benefit) | (99) | (52) | 120 | (81) | (21) | (406) | (110) | |
Income (loss) from continuing operations: | 328 | 271 | 302 | 169 | (141) | 921 | 191 | |
Income from discontinued operations | 42 | 372 | 46 | |||||
Net income (loss): | 328 | 271 | 302 | 169 | (99) | 1,293 | 237 | |
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: | 328 | 271 | 302 | 169 | (101) | 1,294 | 237 | |
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: | 326 | 270 | 302 | 169 | (101) | 1,293 | 236 | |
Other undisclosed net income (loss) available to common stockholders, diluted | 0 | 0 | (3) | (2) | (43) | (391) | (49) | |
Net income (loss) available to common stockholders, diluted: | 326 | 270 | 299 | 167 | (144) | 902 | 187 |
Comprehensive Income ($ in millions)
12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
---|---|---|---|---|---|---|---|---|
Net income (loss): | 328 | 271 | 302 | 169 | (99) | 1,293 | 237 | |
Other comprehensive income (loss) | 99 | (137) | 228 | (78) | (139) | (246) | 447 | |
Comprehensive income (loss): | 427 | 135 | 531 | 91 | (238) | 1,047 | 684 | |
Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (0) | (0) | (0) | (1) | (1) | 1 | 1 | |
Comprehensive income (loss), net of tax, attributable to parent: | 427 | 134 | 530 | 90 | (239) | 1,048 | 684 |
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.