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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating Revenues        
Operating Revenues $ 1,185,280 $ 1,104,999 $ 2,337,942 $ 2,136,545
Operating Costs and Expenses        
Selling, general and administrative 268,987 244,683 532,966 486,645
Depreciation of property, plant and equipment 22,173 21,103 44,700 41,128
Amortization of intangible assets 10,058 13,304 20,809 27,248
Impairment of goodwill and other long-lived assets 26,287 0 26,287 745
Total Operating Costs and Expenses 1,159,369 1,046,944 2,276,589 2,050,834
Income from Operations 25,911 58,055 61,353 85,711
Equity in earnings (losses) of affiliates, net 2,560 (6,115) 4,891 (1,454)
Interest income 2,111 1,548 4,289 2,752
Interest expense (91,383) (11,774) (110,711) (26,068)
Non-operating pension and postretirement benefit income, net 24,655 29,815 67,072 61,660
Gain on marketable equity securities, net 19,628 78,648 123,780 96,670
Other income, net 1,791 15,794 3,438 18,877
(Loss) Income Before Income Taxes (14,727) 165,971 154,112 238,148
Provision for Income Taxes 4,100 41,800 47,600 61,000
Net (Loss) Income (18,827) 124,171 106,512 177,148
Net Income Attributable to Noncontrolling Interests (2,213) (1,383) (3,172) (2,088)
Net (Loss) Income Attributable to Graham Holdings Company Common Stockholders $ (21,040) $ 122,788 $ 103,340 $ 175,060
Per Share Information Attributable to Graham Holdings Company Common Stockholders        
Basic net (loss) income per common share (in USD per share) $ (4.79) $ 25.96 $ 23.24 $ 36.78
Basic average number of common shares outstanding (in shares) 4,401 4,700 4,416 4,729
Diluted net (loss) income per common share (in USD per share) $ (4.79) $ 25.89 $ 23.11 $ 36.67
Diluted average number of common shares outstanding (in shares) 4,401 4,713 4,442 4,744
Services [Member]        
Operating Revenues        
Operating Revenues $ 657,124 $ 625,219 $ 1,303,534 $ 1,212,082
Operating Costs and Expenses        
Cost of services and goods 384,293 363,030 772,036 719,972
Goods [Member]        
Operating Revenues        
Operating Revenues 528,156 479,780 1,034,408 924,463
Operating Costs and Expenses        
Cost of services and goods $ 447,571 $ 404,824 $ 879,791 $ 775,096