Wed, Feb 26, 1:22 PM (60 days ago)
**Graham Holdings Company (GHC) 2024 10-K Summary** For the fiscal year ending December 31, 2024, Graham Holdings Company reported a significant increase in financial performance, with total revenues of $4,790.9 million, up 9% from $4,414.9 million in 2023. Net income attributable to common shareholders soared to $724.6 million ($163.40 per share) compared to $205.3 million ($43.82 per share) in the previous year. The substantial increase was bolstered by a $653.4 million settlement gain related to a pension annuity purchase, offset by $49.8 million in impairment charges. The television broadcasting segment experienced a 13% revenue increase, driven by political advertising, while the healthcare division grew by 33%. Conversely, manufacturing revenues declined by 12% due to lower demand. The education segment saw mixed results, with Kaplan International reporting growth, but Higher Education revenues fell slightly due to reduced reimbursable expenses from Purdue Global. GHC's total debt decreased to $748.2 million, with a strong liquidity position reflected in $260.9 million in cash and cash equivalents. The company faces risks including regulatory changes in education and healthcare, competitive pressures in broadcasting, and potential impacts from economic conditions on its automotive and manufacturing sectors. The outlook remains cautiously optimistic, supported by strategic investments and cost management initiatives.