Graham Holdings Company Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	190.82	260.85	169.9	169.32	145.89	413.99
Short-Term Investments	1,006	858.74	697.03	622.41	824.45	587.58
Cash & Short-Term Investments	1,197	1,120	866.93	791.73	970.33	1,002
Cash Growth	11.20%	29.15%	9.50%	-18.41%	-3.12%	25.16%
Accounts Receivable	497.46	482.83	496.17	504.78	589.58	519.58
Other Receivables	55.94	44.31	35.76	36.47	50.63	46.89
Receivables	553.4	527.14	531.94	541.25	640.22	566.47
Inventory	306.26	295.81	297.21	226.81	141.47	120.62
Prepaid Expenses	135.17	116.47	119.93	97.45	81.74	75.52
Restricted Cash	46.28	37	31.99	20.47	12.18	9.06
Other Current Assets	4.86	2.61	1.3	1.55	1.24	0.94
Total Current Assets	2,243	2,099	1,849	1,679	1,847	1,774
Property, Plant & Equipment	963.94	937.78	969.5	932.4	906.1	840.85
Long-Term Investments	201.14	169.13	186.48	189.06	155.44	155.78
Goodwill	1,572	1,500	1,525	1,561	1,650	1,485
Other Intangible Assets	234.21	221.02	300.06	340.36	389.3	325.08
Long-Term Accounts Receivable	31.2	34.7	39.8	26.3	17.7	8.7
Long-Term Deferred Tax Assets	9.52	8.91	10.58	6.81	7.9	8.4
Long-Term Deferred Charges	134.73	196.49	193.19	159.55	145.03	138.07
Other Long-Term Assets	2,463	2,511	2,114	1,659	2,307	1,708
Total Assets	7,852	7,677	7,188	6,553	7,426	6,444
Accounts Payable	175.11	160.38	153.98	135.69	126.99	106.22
Accrued Expenses	450.99	386.21	374.38	368.35	450.66	411.66
Short-Term Debt	121.39	147.88	148.8	70.26	5.5	2.1
Current Portion of Long-Term Debt	424.87	26.58	66.75	155.81	141.75	6.45
Current Portion of Leases	62.61	76.27	81.6	70.01	77.66	86.8
Current Income Taxes Payable	16.13	11.5	7.41	3.77	4.59	5.14
Current Unearned Revenue	425.62	390.98	396.75	341.3	358.72	331.02
Other Current Liabilities	16.51	-	-	-	0.48	0.26
Total Current Liabilities	1,693	1,200	1,230	1,145	1,166	949.65
Long-Term Debt	309.44	723.03	747.84	570.55	527.8	508.45
Long-Term Leases	379.09	367.93	383.25	393.63	405.2	428.85
Long-Term Deferred Tax Liabilities	757.9	739.26	600.12	466.28	676.71	521.27
Other Long-Term Liabilities	158.11	156.99	160.02	172.43	209.84	248.34
Total Liabilities	3,298	3,187	3,121	2,748	2,986	2,657
Common Stock	20	20	20	20	20	20
Additional Paid-In Capital	365.6	356.92	372.04	390.44	389.46	388.16
Retained Earnings	8,184	8,032	7,337	7,163	7,127	6,805
Treasury Stock	-4,484	-4,487	-4,368	-4,178	-4,108	-4,057
Comprehensive Income & Other	371.03	334.8	614.34	336.15	971.39	603.31
Total Common Equity	4,457	4,257	3,976	3,731	4,400	3,759
Minority Interest	97.48	233.52	91.08	73.95	40.06	28.26
Shareholders' Equity	4,554	4,490	4,067	3,805	4,440	3,788
Total Liabilities & Equity	7,852	7,677	7,188	6,553	7,426	6,444
Total Debt	1,297	1,342	1,428	1,260	1,158	1,033
Net Cash (Debt)	-100.79	-222.1	-561.32	-468.52	-187.57	-31.07
Net Cash Per Share	-23.09	-50.42	-120.61	-96.88	-37.78	-6.05
Filing Date Shares Outstanding	4.36	4.34	4.46	4.79	4.9	5
Total Common Shares Outstanding	4.36	4.33	4.48	4.79	4.91	4.98
Working Capital	549.34	898.83	619.62	534.09	680.84	824.55
Book Value Per Share	1021.62	982.54	887.68	779.55	896.76	754.45
Tangible Book Value	2,651	2,536	2,150	1,830	2,361	1,949
Tangible Book Value Per Share	607.59	585.28	480.15	382.33	481.18	391.24
Land	-	100.27	98.33	86.89	73.65	19.39
Buildings	-	248.98	238.78	203.26	211.76	176.65
Machinery	-	533.78	521.77	457.15	419.78	398.33
Construction In Progress	-	30.86	36.22	35.15	19.52	25.3
Leasehold Improvements	-	185.67	225	226.97	215.64	229.51

Source: S&P Global Market Intelligence. Standard template. Financial Sources.