Biglari Holdings Inc. (BH) financial statements (2022 and earlier)

Company profile

Business Address 17802 IH 10 WEST
SAN ANTONIO, TX 78257
State of Incorp. IN
Fiscal Year End December 31
SIC 5812 - Eating Places (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 27,79528,21228,438 
Cash and cash equivalents 27,79528,21228,438 
Receivables 23,88517,70616,438 
Inventory, net of allowances, customer advances and progress billings 3,1023,5232,590 
Inventory 3,1023,5232,590 
Other current assets 6,7636,7446,763 
Other undisclosed current assets 99,00696,09499,427 
Total current assets: 160,551152,279153,656 
Noncurrent Assets
Operating lease, right-of-use asset 44,59840,29941,015 
Property, plant and equipment 352,822340,710317,432 
Long-term investments and receivables 273,089311,878356,795 
Long-term investments 273,089311,878356,795 
Intangible assets, net (including goodwill) 77,17977,37677,273 
Goodwill 53,56053,57553,567 
Intangible assets, net (excluding goodwill) 23,61923,80123,706 
Other noncurrent assets 11,13211,35313,715 
Total noncurrent assets: 758,820781,616806,230 
TOTAL ASSETS: 919,371933,895959,886 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 100,89899,974120,304 
Accrued liabilities 11,00710,01713,172 
Employee-related liabilities 8,3787,5698,407 
Taxes payable 4,3175,69910,288 
Other undisclosed accounts payable and accrued liabilities 77,19676,68988,437 
Debt 1,5361,6231,582 
Other undisclosed current liabilities 40,39840,32913,268 
Total current liabilities: 142,832141,926135,154 
Noncurrent Liabilities
Long-term debt and lease obligation 43,63439,48240,520 
Finance lease, liability 5,6275,3385,700 
Operating lease, liability 38,00734,14434,820 
Liabilities, other than long-term debt 70,02472,86976,529 
Asset retirement obligations 10,31410,18310,147 
Deferred income tax liabilities 57,91060,90964,649 
Other liabilities 1,8001,7771,733 
Other undisclosed noncurrent liabilities 64,31566,12668,543 
Total noncurrent liabilities: 177,973178,477185,592 
Total liabilities: 320,805320,403320,746 
Stockholders' equity
Stockholders' equity attributable to parent 598,566613,492639,140 
Common stock 1,1381,1381,138 
Treasury stock, value (395,802)(391,594)(386,568) 
Additional paid in capital 381,788381,788381,788 
Accumulated other comprehensive loss (1,909)(1,860)(1,975) 
Retained earnings 613,351624,020644,757 
Total stockholders' equity: 598,566613,492639,140 
TOTAL LIABILITIES AND EQUITY: 919,371933,895959,886 

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
Revenues(267,158)82,08390,78794,288(334,037)
Other income (15,697)(35,341)84,847 
Cost of revenue (41,694)(41,987)(45,616) 
Gross profit: 40,38948,80048,672 
Operating expenses (27,965)(28,977)(26,445) 
Operating income: 12,42419,82322,227 
Nonoperating income (expense)
(Investment Income, Nonoperating)
 4,534(1,150)6,328 
Interest and debt expense (1,462)(1,537)(2,741) 
Other undisclosed income from continuing operations before equity method investments, income taxes   67,909 
Income from continuing operations before equity method investments, income taxes: 15,49617,13693,723 
Income from equity method investments   81,766 
Other undisclosed loss from continuing operations before income taxes (30,439)(44,071)(81,766) 
Income (loss) from continuing operations before income taxes: (14,943)(26,935)93,723 
Income tax expense (benefit) 4,2746,198(45,366) 
Income (loss) before gain (loss) on sale of properties: (10,669)(20,737)48,357 
Other undisclosed net income   23,350 
Net income (loss) available to common stockholders, diluted: (10,669)(20,737)71,707 

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
Net income (loss): (10,669)(20,737)71,707 
Other comprehensive income (loss) (49)115(444) 
Comprehensive income (loss), net of tax, attributable to parent: (10,718)(20,622)71,263 

Statements sources

The financial statements are based on the company's filings with the 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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