2023 Q4 Form 10-K Financial Statement

#000010488924000010 Filed on February 23, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022 Q4
Revenue $1.167B $4.415B $1.064B
YoY Change 9.66% 12.5% 23.3%
Cost Of Revenue $826.3M $3.103B $715.6M
YoY Change 15.46% 16.75% 27.62%
Gross Profit $340.5M $1.312B $348.4M
YoY Change -2.26% 3.57% 15.29%
Gross Profit Margin 29.18% 29.72% 32.74%
Selling, General & Admin $266.0M $1.007B $245.2M
YoY Change 8.48% 9.29% 0.21%
% of Gross Profit 78.11% 76.79% 70.37%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $33.76M $86.06M $158.2M
YoY Change -78.65% 17.42% 352.34%
% of Gross Profit 9.91% 6.56% 45.4%
Operating Expenses $299.7M $1.143B $274.3M
YoY Change 9.26% 8.5% -1.41%
Operating Profit $40.79M $69.39M $74.06M
YoY Change -44.92% -17.29% 209.62%
Interest Expense -$4.300M $63.30M $22.21M
YoY Change -119.37% 16.36% -56.23%
% of Operating Profit -10.54% 91.22% 29.98%
Other Income/Expense, Net $35.35M $19.09M $46.13M
YoY Change -23.38% -43.0% 61.52%
Pretax Income $72.59M $299.0M $31.14M
YoY Change 133.09% 145.62% -69.73%
Income Tax $16.90M $87.30M $24.50M
% Of Pretax Income 23.28% 29.2% 78.67%
Net Earnings $53.26M $205.3M $6.136M
YoY Change 767.98% 206.04% -92.61%
Net Earnings / Revenue 4.56% 4.65% 0.58%
Basic Earnings Per Share $11.76 $43.96 $1.28
Diluted Earnings Per Share $11.72 $43.82 $1.28
COMMON SHARES
Basic Shares Outstanding 4.639M shares
Diluted Shares Outstanding 4.654M shares

Balance Sheet

Concept 2023 Q4 2023 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $866.9M $866.9M $791.7M
YoY Change 9.5% 9.5% -18.41%
Cash & Equivalents $169.9M $169.9M $169.3M
Short-Term Investments $697.0M $697.0M $622.4M
Other Short-Term Assets $1.298M $153.2M $1.547M
YoY Change -16.1% 28.26% 24.66%
Inventory $297.2M $297.2M $226.8M
Prepaid Expenses $119.9M $97.45M
Receivables $496.2M $496.2M $533.6M
Other Receivables $35.76M $35.76M $36.47M
Total Short-Term Assets $1.849B $1.849B $1.708B
YoY Change 8.27% 8.27% -7.53%
LONG-TERM ASSETS
Property, Plant & Equipment $560.3M $969.5M $503.0M
YoY Change 11.39% 3.98% 7.45%
Goodwill $1.525B $1.561B
YoY Change -2.29% -5.37%
Intangibles
YoY Change
Long-Term Investments $186.5M $186.5M $186.4M
YoY Change 0.03% 0.03% 19.93%
Other Assets $233.0M $2.357B $189.1M
YoY Change 23.19% 27.14% 15.67%
Total Long-Term Assets $5.338B $5.338B $4.874B
YoY Change 9.53% 9.53% -12.62%
TOTAL ASSETS
Total Short-Term Assets $1.849B $1.849B $1.708B
Total Long-Term Assets $5.338B $5.338B $4.874B
Total Assets $7.188B $7.188B $6.582B
YoY Change 9.2% 9.2% -11.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $154.5M $302.3M $136.2M
YoY Change 13.44% 122.78% 7.25%
Accrued Expenses $456.0M $456.0M $496.8M
YoY Change -8.22% -8.22% -7.01%
Deferred Revenue
YoY Change
Short-Term Debt $500.0K $500.0K $500.0K
YoY Change 0.0% 0.0%
Long-Term Debt Due $66.75M $66.75M $155.8M
YoY Change -57.16% -57.16% 9.92%
Total Short-Term Liabilities $1.230B $1.230B $1.174B
YoY Change 4.74% 4.74% 0.66%
LONG-TERM LIABILITIES
Long-Term Debt $745.1M $785.8M $570.5M
YoY Change 30.59% 30.67% 8.52%
Other Long-Term Liabilities $32.08M $546.0M $37.51M
YoY Change -14.48% -3.54% 2.76%
Total Long-Term Liabilities $777.2M $1.332B $608.1M
YoY Change 27.81% 14.08% 8.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.230B $1.230B $1.174B
Total Long-Term Liabilities $777.2M $1.332B $608.1M
Total Liabilities $3.162B $3.212B $2.808B
YoY Change 12.61% 12.67% -6.39%
SHAREHOLDERS EQUITY
Retained Earnings $7.337B $7.163B
YoY Change 2.43% 0.51%
Common Stock $20.00M $20.00M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.368B $4.178B
YoY Change 4.54% 1.71%
Treasury Stock Shares
Shareholders Equity $3.976B $3.976B $3.731B
YoY Change
Total Liabilities & Shareholders Equity $7.188B $7.188B $6.582B
YoY Change 9.2% 9.2% -11.36%

Cashflow Statement

Concept 2023 Q4 2023 2022 Q4
OPERATING ACTIVITIES
Net Income $53.26M $205.3M $6.136M
YoY Change 767.98% 206.04% -92.61%
Depreciation, Depletion And Amortization $33.76M $86.06M $158.2M
YoY Change -78.65% 17.42% 352.34%
Cash From Operating Activities $57.35M $259.9M $31.94M
YoY Change 79.56% 10.3% 519.57%
INVESTING ACTIVITIES
Capital Expenditures $32.29M $93.45M $25.59M
YoY Change 26.2% 13.02% -218.45%
Acquisitions $78.15M
YoY Change -39.93%
Other Investing Activities -$1.253M -$2.560M $13.17M
YoY Change -109.52% 146.39% -125.04%
Cash From Investing Activities -$33.54M -$153.0M -$12.42M
YoY Change 170.06% -16.89% -83.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $193.2M
YoY Change 170.59%
Debt Paid & Issued, Net $121.7M
YoY Change 740.54%
Cash From Financing Activities -30.13M -$99.84M -9.923M
YoY Change 203.64% 451.36% -112.55%
NET CHANGE
Cash From Operating Activities 57.35M $259.9M 31.94M
Cash From Investing Activities -33.54M -$153.0M -12.42M
Cash From Financing Activities -30.13M -$99.84M -9.923M
Net Change In Cash -6.325M $11.46M 9.595M
YoY Change -165.92% -63.72% -4.32%
FREE CASH FLOW
Cash From Operating Activities $57.35M $259.9M $31.94M
Capital Expenditures $32.29M $93.45M $25.59M
Free Cash Flow $25.06M $166.4M $6.352M
YoY Change 294.49% 8.83% -76.26%

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Assets
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ORGANIZATION AND NATURE OF OPERATIONS<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:110%">Graham Holdings Company (the Company), is a diversified holding company whose operations include educational services, television broadcasting, manufacturing, healthcare, automotive dealerships and other businesses. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:110%">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.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:110%">The Company’s television broadcasting segment owns and operates seven television broadcasting stations and provides social media management tools designed to connect newsrooms with their users. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:110%">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. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:110%">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. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:110%">The Company’s automotive business comprises eight dealerships and valet repair services. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:110%">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; a marketing solutions provider; a customer data and analytics software company; </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:110%">Slate</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:110%"> and </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:110%">Foreign Policy</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:110%"> magazines; and a daily local news podcast and newsletter company.</span></div>
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<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:110%">Use of Estimates. </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:110%"> The preparation of financial statements in conformity with GAAP requires management to make estimates and judgments that affect the amounts reported in the financial statements. Management bases its estimates and assumptions on historical experience and on various other factors that are believed to be reasonable under the circumstances. Due to the inherent uncertainty involved in making estimates, actual results reported in future periods may be affected by changes in those estimates. On an ongoing basis, the Company evaluates its estimates and assumptions.</span></div>
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<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:110%">Concentration of Credit Risk. </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:110%"> Cash and cash equivalents are maintained with several financial institutions domestically and internationally. Deposits held with banks may exceed the amount of insurance provided on such deposits. Generally, these deposits may be redeemed upon demand and are maintained with financial institutions with investment-grade credit ratings. The Company routinely assesses the financial strength of significant customers, and this assessment, combined with the large number and geographical diversity of its customers, limits the Company’s concentration of risk with respect to receivables from contracts with customers.</span></div>
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CY2023Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
525087000 usd
CY2022Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
531941000 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
154484000 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
136186000 usd
CY2023Q4 ghc Vehicle Floor Plan Facility Payable
VehicleFloorPlanFacilityPayable
148300000 usd
CY2022Q4 ghc Vehicle Floor Plan Facility Payable
VehicleFloorPlanFacilityPayable
69756000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
154580000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
149823000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
237157000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
218522000 usd
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
694521000 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
574287000 usd
CY2022Q4 us-gaap Bank Overdrafts
BankOverdrafts
500000 usd
CY2023Q4 us-gaap Bank Overdrafts
BankOverdrafts
500000 usd
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
63884000 usd
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
68494000 usd
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
15387000 usd
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
15718000 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
215283000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
140548000 usd
CY2023Q4 us-gaap Inventory For Long Term Contracts Or Programs
InventoryForLongTermContractsOrPrograms
2657000 usd
CY2022Q4 us-gaap Inventory For Long Term Contracts Or Programs
InventoryForLongTermContractsOrPrograms
2051000 usd
CY2023Q4 us-gaap Inventory Net Of Allowances Customer Advances And Progress Billings
InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings
297211000 usd
CY2022Q4 us-gaap Inventory Net Of Allowances Customer Advances And Progress Billings
InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings
226811000 usd
CY2023Q4 us-gaap Land
Land
98332000 usd
CY2022Q4 us-gaap Land
Land
86892000 usd
CY2023Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
238776000 usd
CY2022Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
203256000 usd
CY2023Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
521773000 usd
CY2022Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
457145000 usd
CY2023Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
225004000 usd
CY2022Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
226967000 usd
CY2023Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
36217000 usd
CY2022Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
35150000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1120102000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1009410000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
559788000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
506410000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
560314000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
503000000 usd
CY2023 us-gaap Depreciation
Depreciation
86100000 usd
CY2022 us-gaap Depreciation
Depreciation
73300000 usd
CY2021 us-gaap Depreciation
Depreciation
71400000 usd
CY2023 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
300000 usd
CY2021 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
2400000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
89994000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
91613000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
96078000 usd
CY2023 ghc Short Termand Monthto Month Lease Cost
ShortTermandMonthtoMonthLeaseCost
44457000 usd
CY2022 ghc Short Termand Monthto Month Lease Cost
ShortTermandMonthtoMonthLeaseCost
30754000 usd
CY2021 ghc Short Termand Monthto Month Lease Cost
ShortTermandMonthtoMonthLeaseCost
17724000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
23080000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
21265000 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
20889000 usd
CY2023 us-gaap Sublease Income
SubleaseIncome
16035000 usd
CY2022 us-gaap Sublease Income
SubleaseIncome
14734000 usd
CY2021 us-gaap Sublease Income
SubleaseIncome
16918000 usd
CY2023 ghc Lease Cost Netof Sublease Income
LeaseCostNetofSubleaseIncome
141496000 usd
CY2022 ghc Lease Cost Netof Sublease Income
LeaseCostNetofSubleaseIncome
128898000 usd
CY2021 ghc Lease Cost Netof Sublease Income
LeaseCostNetofSubleaseIncome
117773000 usd
CY2023 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
800000 usd
CY2021 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
3900000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
94630000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
100207000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
105164000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
38967000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
81838000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
59409000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
409183000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
429403000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
64247000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
70007000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
376677000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
393626000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
440924000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
463633000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P10Y7M6D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P10Y8M12D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.052
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.049
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
84677000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
70072000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
62262000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
55687000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
45486000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
272850000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
591034000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
150110000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
440924000 usd
CY2023Q4 ghc Lessee Operating Lease Lease Notyet Commenced Payments Due
LesseeOperatingLeaseLeaseNotyetCommencedPaymentsDue
23300000 usd
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
5687000 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2351000 usd
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
989000 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
317000 usd
CY2023 ghc Finance Lease Fixed Cost
FinanceLeaseFixedCost
6676000 usd
CY2022 ghc Finance Lease Fixed Cost
FinanceLeaseFixedCost
2668000 usd
CY2023 ghc Finance Lease Variable Cost
FinanceLeaseVariableCost
133000 usd
CY2022 ghc Finance Lease Variable Cost
FinanceLeaseVariableCost
85000 usd
CY2023 ghc Total Finance Lease Cost
TotalFinanceLeaseCost
6809000 usd
CY2022 ghc Total Finance Lease Cost
TotalFinanceLeaseCost
2753000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
17000000 usd
CY2021Q4 us-gaap Goodwill Gross
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2029598000 usd
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
380016000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
1649582000 usd
CY2022 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-853000 usd
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
56163000 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
102124000 usd
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
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CY2022Q4 us-gaap Goodwill Gross
GoodwillGross
2043093000 usd
CY2023 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
989000 usd
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
317000 usd
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
10376000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
6237000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
20265000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
9182000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
22831000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
13835000 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
17357000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
8697000 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
6571000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
5362000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
23928000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
14059000 usd
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y9M18D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.063
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.046
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
17960000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due In Rolling Year Two
FinanceLeaseLiabilityPaymentsDueInRollingYearTwo
5194000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due In Rolling Year Three
FinanceLeaseLiabilityPaymentsDueInRollingYearThree
1702000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
22000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
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CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
24889000 usd
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
961000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
23928000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
50000000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
58900000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
57900000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
37000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
20000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
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CY2022Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
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CY2022Q4 us-gaap Goodwill
Goodwill
1560953000 usd
CY2023 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
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CY2023 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
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CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
18489000 usd
CY2023Q4 us-gaap Goodwill Gross
GoodwillGross
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CY2023Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
580139000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
1525194000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
521752000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
409558000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
112194000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
544128000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
382706000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
161422000 usd
CY2023Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
187862000 usd
CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
178934000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
219240000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
69499000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
421420000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
79764000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
52235000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
28207000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
299004000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
121734000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
449627000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2023 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
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CY2023 us-gaap Current State And Local Tax Expense Benefit
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CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2023 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
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CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2023 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
14978000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
43535000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
43765000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
87300000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
37525000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2022 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
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CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2022 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
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CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2022 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
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CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
51300000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2021 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
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CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2021 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
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CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2021 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
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CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
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CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
25564000 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
94422000 usd
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
7477000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
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CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
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CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
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CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
15628000 usd
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
1612000 usd
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
4431000 usd
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
3376000 usd
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
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CY2023 us-gaap Income Tax Expense Benefit
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EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount
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EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount
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CY2021Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
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CY2020Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
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CapitalizedContractCostAmortization
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
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CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
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UndistributedEarningsAllocatedToCommonStockholders
173182000 usd
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UndistributedEarningsAllocatedToCommonStockholders
36160000 usd
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CY2023 ghc Additional Undistributed Earnings Due To Dilutive Stock Options
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WeightedAverageNumberOfSharesOutstandingBasic
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WeightedAverageNumberOfSharesOutstandingBasic
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EarningsPerShareBasic
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13.79
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EarningsPerShareDiluted
70.45
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AntidilutiveRestrictedStock
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CY2022 ghc Antidilutive Restricted Stock
AntidilutiveRestrictedStock
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CY2021 ghc Antidilutive Restricted Stock
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6.60
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CommonStockDividendsPerShareDeclared
6.32
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CommonStockDividendsPerShareDeclared
6.04
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NumberOfMultiemployerPlansContributedTo
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NumberOfMultiemployerPlansContributedTo
1 multiemployer_plan
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MultiemployerPlanEmployerContributionCost
100000 usd
CY2021 us-gaap Multiemployer Plan Employer Contribution Cost
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100000 usd
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13000000 usd
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DefinedContributionPlanCostRecognized
11600000 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
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10900000 usd
CY2023 us-gaap Gain Loss On Sale Of Business
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15618000 usd
CY2022 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
22679000 usd
CY2021 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
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3104000 usd
CY2022 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount
6883000 usd
CY2021 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount
11756000 usd
CY2023 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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