← Graham Holdings Co
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $168.6m | $302.0m | $271.2m | $327.9m | $300.4m | $352.1m | $67.1m | $205.3m | $724.6m | $292.3m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $168.6m | $302.0m | $269.5m | $326.1m | $298.7m | $349.8m | $66.7m | $203.9m | $719.7m | $290.7m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $169.5m | $302.5m | $271.4m | $327.9m | $300.0m | $353.3m | $70.4m | $211.7m | $732.6m | $303.3m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $168.6m | $302.0m | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $169.5m | $302.5m | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $0 | $0 | — | — | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | $0 | $0 | $0 | $0 | $0 | $8.0m | $11.0m | |
| Amortization of Intangible Assets | — | $41.2m | $47.4m | $53.2m | $56.8m | $57.9m | $58.9m | $50.0m | $37.1m | $32.0m | |
| Depreciation | — | $62.5m | $56.7m | $59.3m | $74.3m | $71.4m | $73.3m | $86.1m | $87.0m | $80.4m | |
| Deferred Income Tax Expense (Benefit) | $10.1m | ($146.5m) | ($7.1m) | $69.8m | $14.4m | $65.0m | ($3.8m) | $43.8m | $227.4m | $92.5m | |
| Share-based Payment Arrangement, Noncash Expense | $13.4m | $10.2m | $6.4m | $6.3m | $6.3m | $5.7m | $6.1m | $6.7m | $6.3m | $5.7m | |
| Equity Method Investment, Other than Temporary Impairment | $0 | $4.7m | $4.8m | $920k | $3.6m | $6.6m | — | — | $14.4m | — | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | $2.7m | $0 | $7.3m | $0 | $1.3m | $500k | $744k | $14.7m | |
| Goodwill, Impairment Loss | $1.6m | $7.6m | — | — | $6.9m | $26.7m | $102.1m | $98.0m | $7.5m | — | |
| Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment Loss | $6.2m | — | $37.3m | ($29.3m) | $1.2m | $8.6m | — | — | — | — | |
| Operating Lease, Impairment Loss | — | — | — | $1.1m | $11.4m | $3.9m | — | $800k | $600k | $1.6m | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | $0 | $0 | ($148k) | $29.0m | $1.4m | $0 | $604k | $15k | $15k | $314k | |
| Gain (Loss) on Disposition of Assets | ($30.4m) | ($200k) | $148k | $29.3m | — | $8.6m | $24.2m | $11.8m | $7.7m | $4.0m | |
| Gain (Loss) on Disposition of Intangible Assets | $0 | $200k | ($148k) | $29.3m | ($214.9m) | ($8.6m) | ($24.2m) | ($11.8m) | ($7.7m) | ($4.0m) | |
| Gain (Loss) on Disposition of Business | $18.9m | ($569k) | $8.2m | ($564k) | $213.3m | $3.8m | $22.7m | $15.6m | $8.1m | $375k | |
| Gain (Loss) on Disposition of Property Plant Equipment | $34.1m | $0 | $2.5m | ($82k) | $0 | ($8.6m) | ($24.2m) | ($11.8m) | ($7.7m) | ($4.0m) | |
| Gain (Loss) on Extinguishment of Debt | — | — | ($11.4m) | $0 | $0 | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | ($7.9m) | ($3.2m) | $14.5m | $11.7m | $6.7m | $17.9m | ($2.8m) | ($5.2m) | ($3.3m) | $16.4m | |
| Income Tax Expense (Benefit) | $81.2m | ($119.7m) | $52.1m | $98.6m | $107.3m | $96.3m | $51.3m | $87.3m | $292.1m | $146.4m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $186.1m | $118.8m | |
| Other Nonoperating Income (Expense) | ($12.6m) | $4.2m | $2.1m | $32.4m | $214.5m | $32.6m | $33.5m | $19.1m | $12.5m | ($18.9m) | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | ($8.9m) | ($3.6m) | $10.6m | $2.7m | ($6.6m) | ($4.9m) | ($13.5m) | ($20.8m) | ($18.8m) | $3.9m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $47.9m | ($11.1m) | ($59.8m) | $53.6m | ($61.3m) | $59.3m | ($41.6m) | ($8.2m) | ($11.3m) | $11.2m | |
| Increase (Decrease) in Inventories | $2.4m | $541k | $7.4m | $5.3m | ($3.8m) | ($4.6m) | $64.3m | $62.9m | ($8.3m) | ($35.3m) | |
| Accretion Expense | — | — | — | — | $2.9m | — | — | — | — | — | |
| Deconsolidation, Gain (Loss), Amount | $3.2m | $0 | $0 | — | — | — | — | — | — | — | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | ($15.8m) | $98.7m | $60.8m | $243.1m | ($139.6m) | $138.1m | $181.3m | $200.2m | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | ($4.3m) | $2.8m | ($13.4m) | $17.8m | ($27.8m) | $5.5m | $6.0m | $25k | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | ($11.6m) | $95.9m | $74.2m | $225.3m | ($111.8m) | $132.6m | $175.3m | $200.1m | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($39.9m) | $3.3m | ($3.8m) | ($1.1m) | ($2.2m) | ($179k) | ($2.0m) | ($1.1m) | $5.4m | ($10.1m) | |
| Goodwill | $1.1b | $1.3b | $1.3b | $1.4b | $1.5b | $1.6b | $1.6b | $1.5b | $1.5b | $1.6b | |
| Investment Income, Interest | — | $6.6m | $5.4m | $6.2m | $3.9m | $3.4m | $3.2m | $7.1m | $9.9m | $8.3m | |
| Payments of Financing Costs | $648k | $0 | $6.5m | $33k | $0 | — | — | $1.7m | $107k | $7.6m | |
| Proceeds from Contributed Capital | — | — | — | — | — | — | $4.9m | $3.9m | $604k | $760k | |
| Proceeds from Stock Options Exercised | $1.2m | $1.4m | $165k | $481k | $25.1m | $0 | $1.8m | — | — | — | |
| Unrealized Gain (Loss) on Investments | — | — | ($4.2m) | $103.7m | $65.0m | $254.8m | ($134.0m) | $140.7m | $179.0m | $185.4m | |
| Net Cash Provided by (Used in) Operating Activities | $261.3m | $268.1m | $287.0m | $165.2m | $210.7m | $202.4m | $235.6m | $259.9m | $407.0m | $347.2m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $66.6m | $60.4m | $98.2m | $93.5m | $69.6m | $162.5m | $82.7m | $93.4m | $82.9m | $71.9m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $245.1m | $299.9m | $111.5m | $179.4m | $20.1m | $351.9m | $130.1m | $78.1m | $4.1m | $71.2m | |
| Payments for (Proceeds from) Other Investing Activities | $0 | — | — | — | ($1.6m) | ($557k) | ($1.0m) | ($2.6m) | ($4.3m) | ($6.9m) | |
| Net Cash Provided by (Used in) Investing Activities | ($311.3m) | ($442.0m) | ($231.0m) | ($236.7m) | $199.4m | ($494.6m) | ($184.1m) | ($153.0m) | ($62.3m) | ($179.4m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $98.6m | $0 | $400.0m | $41.2m | — | — | — | — | — | — | |
| Repayments of Long-term Debt | — | — | — | — | — | — | — | $121.7m | $29.0m | $558.1m | |
| Payments for Repurchase of Common Stock | $108.9m | $50.8m | $118.0m | $2.1m | $161.8m | $55.7m | $71.4m | $193.2m | $114.1m | $3.5m | |
| Proceeds from Noncontrolling Interests | — | — | — | $6.0m | $0 | $3.8m | $3.2m | $0 | $0 | — | |
| Other Interest and Dividend Income | $3.1m | — | — | — | — | — | — | — | — | — | |
| Proceeds from (Payments for) Other Financing Activities | $14.4m | — | $165k | $481k | ($425k) | ($639k) | ($6.0m) | ($5.2m) | ($6.4m) | ($3.4m) | |
| Net Cash Provided by (Used in) Financing Activities | ($43.1m) | ($100.1m) | ($192.4m) | $18.7m | ($204.0m) | $31.0m | ($18.1m) | ($99.8m) | ($241.0m) | ($165.5m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($11.0m) | $10.8m | ($7.1m) | $2.8m | $3.0m | ($3.0m) | ($1.8m) | $4.4m | ($7.7m) | $11.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($104.1m) | ($263.2m) | ($143.5m) | ($50.1m) | $209.0m | ($264.2m) | $31.6m | $11.5m | $96.0m | $13.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($104.1m) | $407.6m | $264.1m | $214.0m | $423.1m | $158.8m | $190.4m | $201.9m | $297.9m | $311.4m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $42.0m | $30.0m | $31.0m | $30.0m | $37.0m | $51.0m | $69.0m | $63.0m | |
| Income Taxes Paid, Net | $65.0m | $4.0m | $54.0m | $28.0m | $91.0m | $39.0m | $48.0m | $39.0m | $63.0m | $62.8m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.