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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments987200750390649754967
Cash and cash equivalents414200253390649754773
Short-term investments573 496   194
Receivables549606557624633602539
Inventory, net of allowances, customer advances and progress billings, including:1211096961353211
Other undisclosed inventory, net of allowances, customer advances and progress billings1211096961353211
Prepaid expense76      
Disposal group, including discontinued operation      1
Other current assets11068366615381
Other undisclosed current assets416437359549341992
Total current assets:1,7741,6631,5321,7361,8711,8611,691
Noncurrent Assets
Operating lease, right-of-use asset463526✕✕✕✕✕
Property, plant and equipment378385293259234231861
Long-term investments and receivables156162144129595920
Long-term investments156162144129595920
Intangible assets, net (including goodwill)1,8101,7621,6601,6401,2971,1471,962
Goodwill1,4851,3881,2981,3001,1231,0181,349
Intangible assets, net (excluding goodwill)325374362340174129614
Deferred income tax assets812✕✕✕✕✕
Other noncurrent assets147128118102737565
Prepaid pension costs✕✕✕✕8829801,152
Other undisclosed noncurrent assets1,7081,2921,0171,07217 1
Total noncurrent assets:4,6704,2683,2323,2022,5612,4924,062
TOTAL ASSETS:6,4445,9314,7644,9384,4334,3535,752
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:520508487526501428464
Employee-related liabilities135141149140148143161
Taxes payable54106  129
Other undisclosed accounts payable and accrued liabilities380363327380352285174
Deferred revenue331355✕✕✕✕✕
Debt682676 46
Disposal group, including discontinued operation      1
Deferred revenue and credits✕✕✕339312297410
Other undisclosed current liabilities92973196  129
Total current liabilities:9501,0428128798197251,051
Noncurrent Liabilities
Long-term debt and lease obligation935908471487486400400
Long-term debt, excluding current maturities506431471487486400400
Operating lease, liability429477✕✕✕✕✕
Liabilities, other than long-term debt7816492382906757111,129
Deferred compensation liability, classified202194180193196203244
Deferred tax liabilities, net✕✕  379403755
Deferred income tax liabilities521427✕✕✕✕✕
Liability, pension and other postretirement and postemployment benefits   21223438
Financial instruments subject to mandatory redemption, settlement terms, share value, amount91 1013  
Other liabilities49275866667192
Other undisclosed noncurrent liabilities  322363   
Total noncurrent liabilities:1,7161,5571,0311,1391,1611,1111,528
Total liabilities:2,6662,5991,8432,0181,9801,8362,579
Temporary equity, carrying amount1264502632
Stockholders' equity
Stockholders' equity attributable to parent, including:3,7593,3192,8972,8952,4332,4913,140
Treasury stock, value(4,057)(3,920)(3,922)(3,803)(3,757)(3,649)(3,645)
Additional paid in capital388382379371364357304
Accumulated other comprehensive income603304204536236315453
Retained earnings6,8056,5346,2365,7925,5895,4486,009
Other undisclosed stockholders' equity attributable to parent2019   2020
Stockholders' equity attributable to noncontrolling interest78    0
Other undisclosed stockholders' equity  202020  
Total stockholders' equity:3,7663,3272,9172,9152,4532,4913,141
TOTAL LIABILITIES AND EQUITY:6,4445,9314,7644,9384,4334,3535,752

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,8892,9322,6962,5922,4822,5863,535
Revenue, net✕✕✕1,0748846591,380
Cost of revenue(2,895)(2,725)(2,311)(1,422)(1,242)(1,282)(1,977)
Gross profit:(6)2083851,1701,2401,3041,558
Operating expenses106(63)(139)(961)(937)(1,385)(1,150)
Operating income (loss):100145246209304(81)408
Nonoperating income (expense)27820112811(13)(9)1,240
Investment income, nonoperating4657  398
Net periodic defined benefits expense (reversal of expense), excluding service cost component59163121✕✕✕✕
Other nonoperating income (expense)2153224(13)(9)853
Interest and debt expense(38)(30)(49)(34)(35)(33)(37)
Income (loss) from continuing operations before equity method investments, income taxes:340316325186256(122)1,611
Income (loss) from equity method investments71214(3)(8)(1)100
Other undisclosed income (loss) from continuing operations before income taxes6199(16) 32(385)
Income (loss) from continuing operations before income taxes:407426324183251(121)1,327
Income tax expense (benefit)(107)(99)(52)120(81)(21)(406)
Income (loss) from continuing operations:300328271302169(141)921
Income from discontinued operations     42372
Net income (loss):300328271302169(99)1,293
Net income (loss) attributable to noncontrolling interest  (0)(0)(1)(1)1
Other undisclosed net income (loss) attributable to parent0(0)     
Net income (loss) attributable to parent:300328271302169(101)1,294
Preferred stock dividends and other adjustments     (1)(1)
Other undisclosed net loss available to common stockholders, basic(2)(2)(2)    
Net income (loss) available to common stockholders, basic:299326270302169(101)1,293
Other undisclosed net income (loss) available to common stockholders, diluted000(3)(2)(43)(391)
Net income (loss) available to common stockholders, diluted:299326270299167(144)902

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):300328271302169(99)1,293
Other comprehensive income (loss)30099(137)228(78)(139)(246)
Comprehensive income (loss):60042713553191(238)1,047
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(0)(0)(0)(1)(1)1
Comprehensive income (loss), net of tax, attributable to parent:60042713453090(239)1,048

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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