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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating Revenues        
Operating Revenues $ 1,207,162 $ 1,111,519 $ 3,545,104 $ 3,248,064
Operating Costs and Expenses        
Selling, general and administrative 269,016 254,757 801,982 741,402
Depreciation of property, plant and equipment 21,332 22,207 66,032 63,335
Amortization of intangible assets 8,385 11,759 29,194 39,007
Impairment of goodwill and other long-lived assets 0 98,321 26,287 99,066
Total Operating Costs and Expenses 1,125,514 1,168,631 3,402,103 3,219,465
Income (Loss) from Operations 81,648 (57,112) 143,001 28,599
Equity in losses of affiliates, net (13,361) (791) (8,470) (2,245)
Interest income 2,277 1,986 6,566 4,738
Interest expense (25,896) (11,810) (136,607) (37,878)
Non-operating pension and postretirement benefit income, net 38,307 35,653 105,379 97,313
Gain on marketable equity securities, net 30,496 16,759 154,276 113,429
Other (expense) income, net (465) 3,581 2,973 22,458
Income (Loss) Before Income Taxes 113,006 (11,734) 267,118 226,414
Provision for Income Taxes 38,500 9,400 86,100 70,400
Net Income (Loss) 74,506 (21,134) 181,018 156,014
Net Income Attributable to Noncontrolling Interests (2,003) (1,897) (5,175) (3,985)
Net Income (Loss) Attributable to Graham Holdings Company Common Stockholders $ 72,503 $ (23,031) $ 175,843 $ 152,029
Per Share Information Attributable to Graham Holdings Company Common Stockholders        
Basic net income (loss) per common share (in USD per share) $ 16.54 $ (5.02) $ 39.74 $ 32.23
Basic average number of common shares outstanding (in shares) 4,352 4,602 4,395 4,686
Diluted net income (loss) per common share (in USD per share) $ 16.42 $ (5.02) $ 39.49 $ 32.14
Diluted average number of common shares outstanding (in shares) 4,384 4,602 4,423 4,700
Services [Member]        
Operating Revenues        
Operating Revenues $ 700,009 $ 633,535 $ 2,003,543 $ 1,845,617
Operating Costs and Expenses        
Cost of services and goods 399,667 373,784 1,171,703 1,093,756
Goods [Member]        
Operating Revenues        
Operating Revenues 507,153 477,984 1,541,561 1,402,447
Operating Costs and Expenses        
Cost of services and goods $ 427,114 $ 407,803 $ 1,306,905 $ 1,182,899