Graham Holdings Co. Files 2023 Annual Report on Form 10-K
Ticker: GHC · Form: 10-K · Filed: Feb 23, 2024 · CIK: 104889
Sentiment: neutral
Topics: 10-K, Graham Holdings, Annual Report, Financials, SEC Filing
TL;DR
<b>Graham Holdings Co. has filed its 2023 10-K annual report, detailing its financial performance and business operations.</b>
AI Summary
Graham Holdings Co (GHC) filed a Annual Report (10-K) with the SEC on February 23, 2024. Graham Holdings Co. filed its 10-K report for the fiscal year ending December 31, 2023. The company's principal business address is 1300 North 17th Street, Suite 1700, Arlington, VA 22209. Graham Holdings Co. was formerly known as The Washington Post Company, with a name change on July 3, 1992. The company's SIC code is 8200 for Services-Educational Services. The filing includes financial data for the fiscal years 2023, 2022, and 2021.
Why It Matters
For investors and stakeholders tracking Graham Holdings Co, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Graham Holdings Co.'s financial health and strategic direction for the fiscal year 2023, crucial for investors assessing its current standing and future prospects. Understanding the company's historical financial data, including revenue and equity breakdowns across different segments and years, is essential for comparative analysis and identifying trends.
Risk Assessment
Risk Level: low — Graham Holdings Co shows low risk based on this filing. The filing is a standard 10-K annual report, which typically contains routine financial disclosures and does not indicate any immediate or significant new risks.
Analyst Insight
Review the detailed financial statements and risk factors within the 10-K to understand Graham Holdings Co.'s performance and potential challenges.
Key Numbers
- 2023-12-31 — Fiscal Year End (Reporting period)
- 2024-02-23 — Filing Date (Date of submission)
- 1992-07-03 — Date of Name Change (Transition from The Washington Post Company)
Key Players & Entities
- Graham Holdings Co. (company) — Filer name
- The Washington Post Company (company) — Former company name
- 1300 North 17th Street, Suite 1700, Arlington, VA 22209 (address) — Business and mailing address
- 8200 (SIC code) — Standard Industrial Classification
FAQ
When did Graham Holdings Co file this 10-K?
Graham Holdings Co filed this Annual Report (10-K) with the SEC on February 23, 2024.
What is a 10-K filing?
A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by Graham Holdings Co (GHC).
Where can I read the original 10-K filing from Graham Holdings Co?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Graham Holdings Co.
What are the key takeaways from Graham Holdings Co's 10-K?
Graham Holdings Co filed this 10-K on February 23, 2024. Key takeaways: Graham Holdings Co. filed its 10-K report for the fiscal year ending December 31, 2023.. The company's principal business address is 1300 North 17th Street, Suite 1700, Arlington, VA 22209.. Graham Holdings Co. was formerly known as The Washington Post Company, with a name change on July 3, 1992..
Is Graham Holdings Co a risky investment based on this filing?
Based on this 10-K, Graham Holdings Co presents a relatively low-risk profile. The filing is a standard 10-K annual report, which typically contains routine financial disclosures and does not indicate any immediate or significant new risks.
What should investors do after reading Graham Holdings Co's 10-K?
Review the detailed financial statements and risk factors within the 10-K to understand Graham Holdings Co.'s performance and potential challenges. The overall sentiment from this filing is neutral.
How does Graham Holdings Co compare to its industry peers?
Graham Holdings Co. operates within the Services-Educational Services industry, as indicated by its SIC code.
Are there regulatory concerns for Graham Holdings Co?
The filing is made under the Securities Exchange Act of 1934.
Industry Context
Graham Holdings Co. operates within the Services-Educational Services industry, as indicated by its SIC code.
Regulatory Implications
The filing is made under the Securities Exchange Act of 1934.
What Investors Should Do
- Analyze the consolidated financial statements for the fiscal years 2023, 2022, and 2021.
- Review any disclosed risk factors or management's discussion and analysis for insights into operational challenges.
- Compare key financial metrics from this 10-K with previous filings to identify performance trends.
Year-Over-Year Comparison
This is the initial filing analyzed, so no comparison to a previous filing is available within this data.
Filing Stats: 4,317 words · 17 min read · ~14 pages · Grade level 14.1 · Accepted 2024-02-23 16:17:15
Key Financial Figures
- $1.00 — stered Class B Common Stock, par value $1.00 per share GHC New York Stock Exchange
- $10 million — l was entitled to a priority payment of $10 million per year beyond costs (Purdue Priority
- $20 m — rdue Global an advance in the amount of $20 million, representing, and in lieu of, a
- $25 million — any time if Purdue Global generates (i) $25 million in cash operating losses for three cons
- $75 million — gate cash operating losses greater than $75 million at any point during the initial term. O
Filing Documents
- ghc-20231231.htm (10-K) — 3574KB
- a2023q410-kex21.htm (EX-21) — 346KB
- a2023q410-kex23.htm (EX-23) — 2KB
- a2023q410-kex24.htm (EX-24) — 10KB
- a2023q410-kex311.htm (EX-31.1) — 8KB
- a2023q410-kex312.htm (EX-31.2) — 8KB
- a2023q410-kex32.htm (EX-32) — 5KB
- a2023q410-kex97.htm (EX-97) — 35KB
- ghc-20231231_g1.jpg (GRAPHIC) — 202KB
- 0000104889-24-000010.txt ( ) — 23708KB
- ghc-20231231.xsd (EX-101.SCH) — 152KB
- ghc-20231231_cal.xml (EX-101.CAL) — 199KB
- ghc-20231231_def.xml (EX-101.DEF) — 1056KB
- ghc-20231231_lab.xml (EX-101.LAB) — 1864KB
- ghc-20231231_pre.xml (EX-101.PRE) — 1375KB
- ghc-20231231_htm.xml (XML) — 4265KB
Business
Business 1 Education 1 Television Broadcasting 9 Manufacturing 12 Healthcare 13 Automotive 13 Other Activities 14 Competition 15 Executive Officers 18 Human Capital 19
Forward-Looking Statements
Forward-Looking Statements 22 Available Information 22 Item 1A.
Risk Factors
Risk Factors 23 Item 1B. Unresolved Staff Comments 41 Item 1C. Cybersecurity 41
Properties
Item 2. Properties 42
Legal Proceedings
Item 3. Legal Proceedings 43
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 43
Market for the Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Item 5. Market for the Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 43
Reserved
Item 6. Reserved 44
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 44
Quantitative and Qualitative Disclosures About Market Risk
Item 7A. Quantitative and Qualitative Disclosures About Market Risk 44
Financial Statements and Supplementary Data
Item 8. Financial Statements and Supplementary Data 45
Changes in and Disagreements With Accountants on Accounting and Financial Disclosure
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 45
Controls and Procedures
Item 9A. Controls and Procedures 45
Other Information
Item 9B. Other Information 46
Disclosure Regarding Foreign Jurisdictions that Prevent Inspections
Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 46
Directors, Executive Officers and Corporate Governance
Item 10. Directors, Executive Officers and Corporate Governance 46
Executive Compensation
Item 11. Executive Compensation 46
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 46
Certain Relationships and Related Transactions and Director Independence
Item 13. Certain Relationships and Related Transactions and Director Independence 47
Principal Accounting Fees and Services
Item 14. Principal Accounting Fees and Services 47
Exhibits and Financial Statement Schedules
Item 15. Exhibits and Financial Statement Schedules 47
Form 10-K Summary
Item 16. Form 10-K Summary 47 INDEX TO EXHIBITS 48
SIGNATURES
SIGNATURES 50 INDEX TO FINANCIAL INFORMATION 51 PART I
Business
Item 1. Business. Graham Holdings Company (the Company) is a diversified holding company whose operations include educational services, television broadcasting, manufacturing, healthcare, automotive dealerships and other businesses. Through Kaplan, Inc. (Kaplan), the Company provides a wide variety of educational services to students, schools, colleges, universities and businesses, both domestically and outside the United States (U.S.), including academic preparation programs for international students, English-language programs, operations support services for pre-college, certificate, undergraduate and graduate programs, exam preparation for high school and graduate students and for professional certifications and licensures, career and academic advisement services to businesses, and operates a United Kingdom (U.K.) sixth-form college that prepares students for A-level examinations. The Company's television broadcasting segment owns and operates seven television broadcast stations and provides social media management tools designed to connect newsrooms with their users. The Company's manufacturing companies comprise the ownership of a supplier of pressure-treated wood, a manufacturer of electrical solutions, a manufacturer of lifting solutions, and a supplier of parts used in electric utilities and industrial systems. The Company's healthcare segment provides home health, hospice and palliative services, in-home specialty pharmacy infusion therapies, applied behavior analysis therapy, physician services for allergy, asthma and immunology patients, in-home aesthetics, and healthcare software-as-a-service technology. The Company's automotive business comprises eight dealerships and valet repair services. The Company's other businesses include an online art gallery and in-person art fair business; an online commerce platform featuring original art and designs on an array of consumer products; an owner and operator of websites; restaurants; a custom framing company;