Biglari Holdings Inc. (BH) Financial Statements (2025 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)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 28,066 | 37,467 | 42,349 | 24,503 | 38,911 | 32,404 | |||
| Cash and cash equivalent | 28,066 | 37,467 | 42,349 | 24,503 | 38,911 | 32,404 | |||
| Receivables | 22,241 | 29,375 | 28,508 | 19,185 | |||||
| Inventory, net of allowances, customer advances and progress billings | 2,980 | 3,851 | 3,803 | 2,737 | |||||
| Inventory | 2,980 | 3,851 | 3,803 | 2,737 | |||||
| Other current assets | 7,385 | 10,495 | 7,088 | 6,492 | |||||
| Other undisclosed current assets | 91,879 | 69,466 | 83,061 | 94,861 | |||||
| Total current assets: | 152,551 | 150,654 | 164,809 | 147,778 | 38,911 | 32,404 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 32,215 | 34,739 | 42,538 | 42,832 | ✕ | ||||
| Property, plant and equipment | 380,491 | 400,725 | 349,351 | 316,122 | |||||
| Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment | (44,716) | ||||||||
| Long-term investments and receivables | 199,103 | 155,794 | 250,399 | 419,550 | |||||
| Long-term investments | 199,103 | 155,794 | 250,399 | 419,550 | |||||
| Intangible assets, net (including goodwill) | 76,760 | 76,550 | 77,010 | 77,661 | |||||
| Goodwill | 53,530 | 53,513 | 53,547 | 53,596 | |||||
| Intangible assets, net (excluding goodwill) | 23,230 | 23,037 | 23,463 | 24,065 | |||||
| Other noncurrent assets | 8,302 | 10,012 | 10,700 | 14,025 | |||||
| Other undisclosed noncurrent assets | 44,716 | ||||||||
| Total noncurrent assets: | 696,871 | 677,820 | 729,998 | 870,190 | |||||
| TOTAL ASSETS: | 849,422 | 828,474 | 894,807 | 1,017,968 | 38,911 | 32,404 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 66,743 | 78,616 | 100,467 | 33,209 | |||||
| Taxes payable | ✕ | ✕ | ✕ | 11,392 | 10,922 | ||||
| Employee-related liabilities | ✕ | ✕ | ✕ | 5,905 | 8,285 | ||||
| Accounts payable | 22,448 | 28,431 | 36,684 | ||||||
| Accrued liabilities | 28,332 | 29,235 | 8,828 | 14,002 | |||||
| Other undisclosed accounts payable and accrued liabilities | 15,963 | 20,950 | 37,658 | ||||||
| Debt | 1,258 | 11,237 | 16,898 | 160,909 | |||||
| Asset retirement obligation | 730 | 577 | 235 | 236 | |||||
| Other undisclosed current liabilities | 42,369 | 44,467 | 26,041 | 94,093 | |||||
| Total current liabilities: | 111,100 | 134,897 | 143,641 | 288,447 | |||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 3,581 | 4,129 | 104,479 | 111,645 | |||||
| Long-term debt, excluding current maturities | 104,479 | 75,182 | |||||||
| Finance lease, liability | 3,581 | 4,129 | ✕ | ||||||
| Liabilities, other than long-term debt | 78,940 | 75,012 | 58,991 | 53,048 | |||||
| Asset retirement obligations | 14,316 | 14,068 | 10,389 | 10,022 | |||||
| Deferred income tax liabilities | 37,939 | 31,343 | 46,533 | 41,346 | ✕ | ||||
| Other liabilities | 348 | 754 | 2,069 | 1,680 | |||||
| Operating lease, liability | 26,337 | 28,847 | 36,463 | ✕ | |||||
| Other undisclosed noncurrent liabilities | 56,471 | 58,868 | |||||||
| Total noncurrent liabilities: | 138,992 | 138,009 | 163,470 | 164,693 | |||||
| Total liabilities: | 250,092 | 272,906 | 307,111 | 453,140 | |||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 599,330 | 546,966 | 587,696 | 564,828 | 616,298 | 570,455 | |||
| Common stock | 1,138 | 1,138 | 1,138 | 1,138 | |||||
| Treasury stock, value | (416,342) | (409,680) | (401,851) | (389,617) | |||||
| Additional paid in capital | 385,594 | 381,788 | 381,788 | 381,788 | |||||
| Accumulated other comprehensive loss | (2,518) | (2,790) | (1,907) | (1,531) | |||||
| Retained earnings | 631,458 | 576,510 | 608,528 | 573,050 | |||||
| Other undisclosed equity, attributable to parent | 616,298 | 570,455 | |||||||
| Equity, attributable to noncontrolling interest | 8,602 | ||||||||
| Total equity: | 599,330 | 555,568 | 587,696 | 564,828 | 616,298 | 570,455 | |||
| TOTAL LIABILITIES AND EQUITY: | 849,422 | 828,474 | 894,807 | 1,017,968 | 616,298 | 570,455 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 365,318 | 368,231 | 366,106 | 433,683 | ||||
| Cost of revenue | (137,986) | (140,264) | (167,491) | (246,655) | ||||
| Gross profit: | 227,332 | 227,967 | 198,615 | 187,028 | ||||
| Operating expenses | (133,720) | (128,776) | (123,747) | (139,227) | ||||
| Operating income: | 93,612 | 99,191 | 74,868 | 47,801 | ||||
| Nonoperating income (expense) | 21,651 | (79,346) | 17,354 | (39,388) | ||||
| Investment income, nonoperating | 2,211 | (3,393) | 6,401 | 3,644 | ||||
| Interest and debt expense | (5,795) | (5,892) | (7,160) | (15,536) | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 109,468 | 13,953 | 85,062 | (7,123) | ||||
| Other undisclosed loss from continuing operations before income taxes | (44,621) | (56,980) | (42,795) | (43,078) | ||||
| Income (loss) from continuing operations before income taxes: | 64,847 | (43,027) | 42,267 | (50,201) | ||||
| Income tax expense (benefit) | (9,308) | 10,722 | (6,789) | 12,212 | ||||
| Income (loss) from continuing operations: | 55,539 | (32,305) | 35,478 | (37,989) | ||||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 35,478 | (37,989) | |||
| Net income (loss): | 55,539 | (32,305) | 35,478 | (37,989) | ||||
| Net income (loss) attributable to noncontrolling interest | (591) | 287 | ||||||
| Other undisclosed net income attributable to parent | 45,380 | 19,392 | ||||||
| Net income (loss) available to common stockholders, diluted: | 54,948 | (32,018) | 35,478 | (37,989) | 45,380 | 19,392 | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 55,539 | (32,305) | 35,478 | (37,989) | ||||
| Other comprehensive income (loss) | 272 | (883) | (376) | 1,279 | (294) | (1,112) | ||
| Comprehensive income (loss): | 55,811 | (33,188) | 35,102 | (36,710) | (294) | (1,112) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (591) | 287 | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 55,220 | (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.