Graham holdings co (GHC)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Cash Flows from Operating Activities
Net (Loss) Income

212,286

327,879

238,600

320,705

310,145

271,408

429,230

329,004

324,368

302,489

124,847

133,129

152,329

169,458

183,649

-80,033

-82,805

-99,220

184,337

491,332

1,182,755

1,293,260

1,115,122

1,069,107

364,391

237,345

35,442

98,965

105,878

132,187

239,293

139,380

133,096

117,157

134,415

201,457

247,821

278,020

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and goodwill and intangible asset impairment

142,335

121,648

111,510

116,241

113,802

112,245

113,029

106,241

116,848

113,310

109,182

104,661

91,359

92,894

93,056

337,902

388,146

428,437

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of lease right-of-use asset

87,581

84,185

61,797

40,871

20,353

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net pension benefit

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net pension benefit, settlement, early retirement and special separation benefit expense

-

-

-

-

-

-100,948

-68,391

-64,565

-59,821

-57,214

-74,664

-72,289

-69,726

-67,097

-57,066

-66,886

-66,060

-65,433

-62,850

-57,845

-64,238

-69,406

-61,135

-41,088

-19,063

1,927

17,489

19,992

18,242

16,044

8,490

1,655

-2,245

-4,726

0

0

0

-

-

-

0

Depreciation of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

219,791

228,236

239,413

251,262

271,269

273,564

272,711

269,992

254,151

253,278

255,315

255,975

255,941

255,797

253,575

252,457

0

0

0

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,578

13,009

12,962

13,598

17,478

19,736

20,883

21,444

20,652

24,856

27,803

30,333

30,064

27,286

27,483

27,191

0

0

0

Multiemployer pension plan withdrawal charge

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Goodwill impairment charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Defined Benefit Plan, Cost of Providing Special and Contractual Termination Benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,374

8,374

4,490

12,932

22,700

22,700

30,186

21,744

8,508

8,712

1,226

1,226

634

0

0

0

-

-

-

-

Loss (gain) on marketable equity securities and cost method investments, net

-24,579

103,748

13,368

45,744

35,279

-4,180

36,793

-16,656

-14,102

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss (gain) on sales and disposition of businesses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

351,133

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on disposition of businesses, property, plant and equipment and investments, net

-126

29,262

15,640

16,531

20,613

148

13,683

12,800

8,874

-200

-93,085

-93,124

-51,233

-30,449

80,388

53,855

14,556

-1,378

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for doubtful trade receivables

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense, net

6,235

6,278

5,992

6,377

5,912

6,412

7,813

8,227

9,414

10,169

10,627

11,470

13,030

13,418

19,929

41,342

46,270

48,033

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign exchange gain

2,706

-1,070

-355

-1,132

-3,507

-3,844

-5,503

-3,973

1,759

3,310

42

-5,169

-32,719

-39,890

-32,697

-41,872

-14,180

-15,564

-24,702

-22,294

-22,993

-11,129

-6,650

11,800

-3,731

-13,382

-9,397

-14,172

-4,142

3,132

3,591

-6,226

-3,304

-3,263

-1,794

16,835

12,661

6,705

0

0

0

Write-down of cost method investments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Marketable Securities, Realized Loss, Other than Temporary Impairments, Amount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Net gain on sales and disposition of businesses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,759

26,218

29,434

6,057

2,975

0

0

0

-

-

-

-

Gain on sale of an equity affiliate

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity in earnings of affiliates, net of distributions

2,152

2,678

4,194

8,057

7,470

10,606

5,214

-2,667

-2,180

-3,646

-6,530

-7,006

-9,214

-8,859

-1,160

-57

480

-1,118

-651

-2,986

91,871

96,517

81,486

89,617

-1,017

-1,661

3,739

1,223

865

1,148

-296

-5,165

-5,538

-5,492

0

0

0

-

-

-

0

(Benefit from) provision for deferred income taxes

42,309

69,751

30,054

10,498

6,205

-7,123

-173,625

-164,962

-161,331

-146,452

43,657

31,246

15,476

10,070

15,931

-888

6,211

4,060

11,662

43,405

44,369

49,143

28,726

15,212

14,378

11,595

-57,429

-52,422

-38,762

-64,383

9,192

25,769

22,222

42,265

75,764

62,672

41,927

37,056

0

0

0

Net (gain) loss on sales or write-downs of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

119,399

115,888

114,717

122,840

-4,746

-3,917

-3,801

4,980

-1,896

-15,322

-13,822

-14,894

-9,712

9,628

12,055

13,038

15,094

0

0

0

Change in operating assets and liabilities:
Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net

-16,745

53,602

45,012

2,188

7,288

-49,638

81,632

65,859

58,038

22,744

-52,358

-24,444

-32,964

47,892

60,705

64,329

105,157

87,165

104,457

102,323

60,601

96,844

62,139

79,168

81,511

81,989

35,579

17,974

28,542

14,846

22,924

-17,256

-10,163

-27,895

-43,928

-30,053

-42,695

-14,648

0

0

0

Inventories

5,022

5,317

8,407

15,120

10,729

7,351

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,871

-2,371

-1,469

175

1,587

1,614

-955

-4,286

-8,571

0

0

0

Accounts payable and accrued liabilities

-59,882

-47,069

-10,500

-29,000

-43,600

-44,892

-12,465

11,017

-10,991

19,380

32,991

-10,119

48,493

58,147

-49,310

19,983

45,308

62,901

81,586

78,247

22,709

-39,199

-34,970

9,089

-26,468

20,290

5,941

-62,101

-48,190

-27,531

-63,013

-106,293

-59,139

-126,771

-50,583

18,032

9,392

40,892

0

0

0

Deferred revenue

34,156

30,487

1,573

-5,548

7,125

14,801

24,797

-2,584

517

13,903

15,792

6,597

3,460

16,552

-11,931

-26,357

-22,509

-51,825

-44,600

-1,709

-69

37,291

34,692

4,327

6,776

-3,434

36,297

26,204

36,364

24,482

9,113

3,328

-16,666

-9,186

-50,464

-28,069

-61,691

-10,410

0

0

0

Income taxes receivable

-43,910

1,828

-8,142

-10,140

8,651

9,405

33,335

44,688

49,947

24,739

-7,614

-27,500

-19,301

5,115

12,370

-14,857

-38,948

-174,326

-80,879

-44,368

-43,996

146,692

27,845

37,798

52,611

-18,352

69,161

22,543

3,190

11,936

-10,048

26,480

30,542

16,002

32,217

18,302

64,304

41,398

0

0

0

Other assets and other liabilities, net

124,408

122,252

111,042

81,353

36,543

26,973

28,518

37,915

51,737

25,469

5,568

4,231

12,567

12,265

7,403

-825

-1,466

11,972

27,570

20,516

3,636

-8,791

-23,453

-7,890

-14,130

-3,491

-537

7,756

8,136

2,116

5,288

18,140

29,313

49,537

59,570

15,080

16,910

-18,251

0

0

0

Other

-643

233

836

1,096

2,130

2,154

2,523

2,512

1,438

1,137

453

463

539

605

840

893

1,167

1,270

4,782

2,861

2,220

2,093

1,169

3,218

3,729

4,097

6,289

4,115

2,953

2,275

691

2,005

2,225

2,258

-1,044

574

-336

-123

0

0

0

Net Cash Provided by (Used in) Operating Activities

215,489

165,164

167,445

199,806

230,146

287,019

239,056

207,025

195,105

268,055

330,658

246,223

292,275

261,256

105,999

139,962

177,404

70,651

82,736

182,811

168,007

313,499

309,472

320,695

335,831

310,228

536,023

511,711

473,909

483,907

425,237

382,984

427,948

393,291

413,813

556,412

564,339

693,716

0

0

0

Cash Flows from Investing Activities
Investments in certain businesses, net of cash acquired

101,711

179,421

162,155

170,900

192,648

111,546

111,451

24,717

217,142

299,938

302,550

344,686

132,320

245,084

401,792

359,656

357,499

159,320

5,242

75,268

200,427

206,035

200,893

149,594

24,935

20,027

51,295

32,568

38,494

40,339

13,447

13,605

76,571

83,699

88,942

88,784

19,484

13,345

0

0

0

Purchases of property, plant and equipment

90,487

93,504

115,054

110,389

108,938

98,192

75,345

70,917

62,200

60,358

69,102

74,357

71,586

66,612

58,214

58,821

99,954

136,859

184,876

225,378

225,759

237,292

235,593

230,959

229,123

206,457

215,595

214,510

216,275

224,688

223,150

221,369

221,981

216,381

230,167

251,719

247,959

243,712

0

0

0

Net proceeds from disposition of businesses, property, plant and equipment and investments

19,995

54,495

56,924

56,402

42,264

-10,344

-12,890

-11,827

-16,373

3,265

5,385

4,479

19,953

39,490

79,267

75,435

67,299

41,683

394,597

483,295

482,697

644,342

491,243

406,830

401,783

248,105

7,557

8,245

72,797

76,863

95,421

115,203

52,992

49,157

52,431

34,577

31,150

39,007

0

0

0

Purchases of marketable equity securities

0

7,500

50,200

50,200

50,200

42,700

0

0

0

-

-

-

-

48,265

58,948

164,081

159,078

145,807

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advance Related To Kaplan University Transaction

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments in equity affiliates, cost method and other investments

31,555

27,529

26,859

29,734

10,551

11,702

27,526

78,727

86,631

82,944

67,820

14,413

6,749

6,273

10,779

10,820

24,751

25,267

20,933

24,552

-90,053

10,283

0

0

0

-

-

-

0

-

49,229

49,370

31,168

8,165

0

0

0

-

-

-

-

Net proceeds from sale of business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Proceeds from sales of marketable equity securities

50,100

19,300

17,600

17,200

34,265

66,700

66,700

66,700

49,635

0

6,865

6,865

25,310

29,702

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan to related party

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan to related party and advance related to Kaplan University transaction

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Return of investment in equity affiliates

305

920

1,064

3,381

4,012

4,799

5,721

3,256

5,929

4,727

3,527

3,527

200

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,313

21

10,907

130

-1,459

-1,436

-19

338

1,640

-13,944

-15,431

-17,087

-16,248

0

0

0

Net Cash Provided by (Used in) Investing Activities

-153,296

-236,735

-282,152

-287,736

-293,312

-230,964

-182,811

-151,023

-353,553

-442,019

-436,980

-462,820

-214,430

-311,286

-435,419

-495,106

-569,591

-425,570

48,346

207,860

184,847

229,015

67,434

-6,411

25,739

-7,765

-273,090

-251,638

-215,753

-234,736

-188,969

-169,122

-277,066

-260,728

-282,364

-323,970

-227,276

-209,872

0

0

0

Cash Flows from Financing Activities
Repayment of commercial paper, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Common shares repurchased

35,713

2,103

7,182

23,938

39,029

118,030

126,224

144,467

129,376

50,770

54,014

20,281

27,997

108,948

113,307

112,041

104,325

22,979

0

0

0

-

-

-

-

4,196

9,847

32,920

107,256

103,196

166,146

191,007

126,796

248,055

307,217

492,854

498,383

404,816

0

0

0

Issuance of borrowings

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of borrowings

-

-

-

-

-

400,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from vehicle floor plan payable

7,333

14,384

15,106

24,618

9,529

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid

29,865

29,553

29,220

28,943

28,689

28,617

28,589

28,581

28,546

28,329

28,097

27,790

27,489

27,325

27,247

36,141

45,014

53,721

61,989

61,282

64,708

68,114

53,345

38,574

19,692

863

91,741

109,989

128,660

147,327

74,602

75,006

74,992

75,493

76,361

78,355

80,413

82,090

0

0

0

Repayments of borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-44,815

0

0

0

-

-

-

-9

-240,121

-182

0

0

130,450

0

0

0

-

-

-

-

-

-

-

-

Issuance of noncontrolling interest

0

6,000

6,536

6,000

6,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

0

-

-

-

0

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred payments of acquisition

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

9,800

481

-5,494

-3,474

3,714

165

11,665

3,885

-1,161

1,400

-19,765

-21,420

-13,714

1,805

0

0

9,916

-

4,158

15,285

3,969

-609

-1,652

-27,192

-7,899

-4,616

-23,730

10,006

-14,920

-1,772

-4,609

-30,420

-34,348

-25,560

-30,872

2,439

28,197

-4,266

0

0

0

Net Cash (Used in) Provided by Financing Activities

-44,985

18,734

487

-25,160

-64,352

-192,359

-192,758

-207,849

-181,490

-100,106

-100,346

41,686

22,191

-43,077

-48,901

-247,761

317,676

342,151

361,282

459,237

-419,966

-388,616

-372,021

-380,620

-21,234

-243,430

-125,500

-136,018

-250,836

-121,845

-245,357

-243,957

-183,660

-186,961

-361,974

-568,770

-550,599

-491,172

0

0

0

Effect Of Currency Exchange Rate Change

-6,694

2,766

-5,108

-2,017

-9,542

-7,147

-3,164

-558

10,781

10,820

1,886

-2,161

-7,914

-11,029

-3,374

-9,109

-4,534

-11,164

-16,503

-14,468

-15,225

-8,502

-3,285

4,792

1,845

-1,745

-1,428

-1,607

-1,659

4,006

3,584

-5,148

-1,401

-2,243

-1,077

11,777

8,836

2,509

0

0

0

Net Decrease in Cash and Cash Equivalents and Restricted Cash

10,514

-50,071

-119,328

-115,107

-137,060

-143,451

-139,677

-152,405

-329,157

-263,250

-204,782

-177,072

92,122

-104,136

-381,695

-612,014

-79,045

-23,932

475,861

835,440

-82,337

145,396

1,600

-61,544

342,181

57,288

136,005

122,448

5,661

131,332

-5,505

-35,243

-34,179

-56,641

-231,602

-324,551

-204,700

-4,819

0

0

0

Supplemental Cash Flow Information