Biglari Holdings Inc. (BH) Financial Statements (2024 and earlier)

Company Profile

Business Address 19100 RIDGEWOOD PKWY, SUITE 1200
SAN ANTONIO, TX 78259
State of Incorp. IN
Fiscal Year End December 31
Industry (SIC) 5812 - Eating Places (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments37,46742,34924,50338,91132,404
Cash and cash equivalents37,46742,34924,50338,91132,404
Receivables29,37528,50819,185  
Inventory, net of allowances, customer advances and progress billings3,8513,8032,737  
Inventory3,8513,8032,737  
Disposal group, including discontinued operation     
Other current assets10,4957,0886,492  
Other undisclosed current assets69,46683,06194,861  
Total current assets:150,654164,809147,77838,91132,404
Noncurrent Assets
Operating lease, right-of-use asset34,73942,53842,832 
Property, plant and equipment400,725349,351316,122  
Long-term investments and receivables155,794250,399419,550  
Long-term investments155,794250,399419,550  
Intangible assets, net (including goodwill)76,55077,01077,661  
Goodwill53,51353,54753,596  
Intangible assets, net (excluding goodwill)23,03723,46324,065  
Other noncurrent assets10,01210,70014,025  
Total noncurrent assets:677,820729,998870,190  
TOTAL ASSETS:828,474894,8071,017,96838,91132,404
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:78,616100,46733,209  
Taxes payable11,39210,922  
Employee-related liabilities5,9058,285  
Accounts payable28,43136,684   
Accrued liabilities29,2358,82814,002  
Other undisclosed accounts payable and accrued liabilities20,95037,658   
Debt11,23716,898160,909  
Asset retirement obligation 577235236  
Other undisclosed current liabilities44,46726,04194,093  
Total current liabilities:134,897143,641288,447  
Noncurrent Liabilities
Long-term debt and lease obligation4,129104,479111,645  
Long-term debt, excluding current maturities  104,47975,182  
Finance lease, liability4,129   
Liabilities, other than long-term debt75,01258,99153,048  
Asset retirement obligations14,06810,38910,022  
Deferred income tax liabilities31,34346,53341,346 
Other liabilities7542,0691,680  
Operating lease, liability28,847 36,463 
Other undisclosed noncurrent liabilities58,868    
Total noncurrent liabilities:138,009163,470164,693  
Total liabilities:272,906307,111453,140  
Equity
Equity, attributable to parent, including:546,966587,696564,828616,298570,455
Common stock1,1381,1381,138  
Treasury stock, value(409,680)(401,851)(389,617)  
Additional paid in capital381,788381,788381,788  
Accumulated other comprehensive loss(2,790)(1,907)(1,531)  
Retained earnings576,510608,528573,050  
Other undisclosed equity, attributable to parent    616,298570,455
Equity, attributable to noncontrolling interest 8,602    
Total equity:555,568587,696564,828616,298570,455
TOTAL LIABILITIES AND EQUITY:828,474894,8071,017,968616,298570,455

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues368,231366,106433,683  
Cost of revenue(140,264)(167,491)(246,655)  
Gross profit:227,967198,615187,028  
Operating expenses(128,776)(123,747)(139,227)  
Operating income:99,19174,86847,801  
Nonoperating income (expense)(79,346)17,354(39,388)  
Investment income, nonoperating(3,393)6,4013,644  
Interest and debt expense(5,892)(7,160)(15,536)  
Income (loss) from continuing operations before equity method investments, income taxes:13,95385,062(7,123)  
Other undisclosed loss from continuing operations before income taxes(56,980)(42,795)(43,078)  
Income (loss) from continuing operations before income taxes:(43,027)42,267(50,201)  
Income tax expense (benefit)10,722(6,789)12,212  
Income (loss) from continuing operations:(32,305)35,478(37,989)  
Income (loss) before gain (loss) on sale of properties:35,478(37,989)  
Net income (loss):(32,305)35,478(37,989)  
Net income (loss) attributable to noncontrolling interest287    
Other undisclosed net income attributable to parent    45,38019,392
Net income (loss) available to common stockholders, diluted:(32,018)35,478(37,989)45,38019,392

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(32,305)35,478(37,989)  
Other comprehensive income (loss)(883)(376)1,279(294)(1,112)
Comprehensive income (loss):(33,188)35,102(36,710)(294)(1,112)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest287    
Comprehensive income (loss), net of tax, attributable to parent:(32,901)35,102(36,710)(294)(1,112)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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