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)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments33,99330,88139,36337,46764,84240,512
Cash and cash equivalents33,99330,88139,36337,46764,84240,512
Receivables25,78322,58227,04429,37525,82626,942
Inventory, net of allowances, customer advances and progress billings3,4573,5973,7553,8513,7043,458
Inventory3,4573,5973,7553,8513,7043,458
Disposal group, including discontinued operation 1,4101,6718,012   
Other current assets7,7227,75713,54210,49513,1477,744
Other undisclosed current assets82,95586,58871,64069,46670,03271,771
Total current assets:155,320153,076163,356150,654177,551150,427
Noncurrent Assets
Operating lease, right-of-use asset33,54733,67833,53234,73938,53940,432
Property, plant and equipment383,766388,777392,904400,725414,497343,878
Oil and gas property, successful effort method      
Long-term investments and receivables169,417228,736230,843155,794144,864151,753
Long-term investments169,417228,736230,843155,794144,864151,753
Intangible assets, net (including goodwill)76,44476,65676,67276,55075,93376,379
Goodwill53,50653,52253,52253,51353,46453,499
Intangible assets, net (excluding goodwill)22,93823,13423,15023,03722,46922,880
Other noncurrent assets8,6789,0739,91110,01210,76110,483
Other undisclosed noncurrent assets      
Total noncurrent assets:671,852736,920743,862677,820684,594622,925
TOTAL ASSETS:827,172889,996907,218828,474862,145773,352
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:78,99773,37679,24478,616101,50394,176
Accounts payable22,23826,10330,93228,43134,28829,400
Accrued liabilities41,64029,19627,19629,23510,33010,678
Other undisclosed accounts payable and accrued liabilities15,11918,07721,11620,95056,88554,098
Debt20,2874,8647,74211,2371,2141,232
Asset retirement obligation   577  
Other undisclosed current liabilities42,32143,20643,82644,46742,98542,876
Total current liabilities:141,605121,446130,812134,897145,702138,284
Noncurrent Liabilities
Long-term debt and lease obligation3,1443,4653,7794,12965,97138,347
Long-term debt, excluding current maturities     30,000 
Finance lease, liability3,1443,4653,7794,1294,4314,729
Liabilities, other than long-term debt67,48190,70393,00175,01245,05529,937
Asset retirement obligations14,21614,29714,24014,06814,72110,653
Deferred income tax liabilities25,40148,20149,80931,34328,51517,765
Other liabilities99991,0247541,8191,519
Operating lease, liability27,76528,10627,92828,84731,54033,618
Other undisclosed noncurrent liabilities57,53858,02858,42858,86860,00961,048
Total noncurrent liabilities:128,163152,196155,208138,009171,035129,332
Total liabilities:269,768273,642286,020272,906316,737267,616
Equity
Equity, attributable to parent557,404616,354611,945546,966536,485505,736
Common stock1,1381,1381,1381,1381,1381,138
Treasury stock, value(413,080)(410,930)(409,919)(409,680)(409,119)(408,481)
Additional paid in capital385,594385,594381,788381,788381,788381,788
Accumulated other comprehensive loss(3,066)(2,780)(2,458)(2,790)(3,777)(3,159)
Retained earnings586,818643,332641,396576,510566,455534,450
Equity, attributable to noncontrolling interest   9,2538,6028,923 
Total equity:557,404616,354621,198555,568545,408505,736
TOTAL LIABILITIES AND EQUITY:827,172889,996907,218828,474862,145773,352

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

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Revenues90,93793,54090,17698,45892,03492,367
Cost of revenue(36,789)(34,928)(32,738)(32,795)(36,162)(35,955)
Gross profit:54,14858,61257,43865,66355,87256,412
Operating expenses(18,468)(33,129)(31,052)(39,669)(28,714)(30,395)
Operating income:35,68025,48326,38625,99427,15826,017
Nonoperating income (expense)(94,314)(7,143)76,2267,08228,809(108,801)
Interest and debt expense(1,524)(1,341)(1,474)(1,656)(1,439)(1,385)
Income (loss) from continuing operations before equity method investments, income taxes:(60,158)16,999101,13831,42054,528(84,169)
Other undisclosed loss from continuing operations before income taxes(13,858)(14,105)(15,863)(19,126)(12,891)(12,320)
Income (loss) from continuing operations before income taxes:(74,016)2,89485,27512,29441,637(96,489)
Income tax expense (benefit)17,502(1,018)(19,738)(2,560)(9,598)22,709
Income (loss) from continuing operations:(56,514)1,87665,5379,73432,039(73,780)
Income (loss) before gain (loss) on sale of properties:32,039(73,780)
Net income (loss):(56,514)1,87665,5379,73432,039(73,780)
Net income (loss) attributable to noncontrolling interest  60(651)321(34) 
Net income (loss) available to common stockholders, diluted:(56,514)1,93664,88610,05532,005(73,780)

Comprehensive Income ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Net income (loss):(56,514)1,87665,5379,73432,039(73,780)
Other comprehensive income (loss) (286)(322)332987(618)(1,021)
Other undisclosed comprehensive income      
Comprehensive income (loss):(56,800)1,55465,86910,72131,421(74,801)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  60(651)321(34) 
Comprehensive income (loss), net of tax, attributable to parent:(56,800)1,61465,21811,04231,387(74,801)

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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