Biglari Holdings Inc. (BH) financial statements (2020 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 millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments39243236324848
Cash and cash equivalents39192831324848
Short-term investments 444   
Receivables 1699 1311
Inventory, net of allowances, customer advances and progress billings 557 77
Inventory 557 77
Other current assets 655 99
Other undisclosed current assets 393736 2824
Total current assets:3990889332105100
Noncurrent Assets
Operating lease, right-of-use asset 666666
Property, plant and equipment 355297297 282288
Long-term investments and receivables 561622592 497535
Long-term investments 561622592 497535
Intangible assets, net (including goodwill) 6768    
Goodwill 4040    
Intangible assets, net (excluding goodwill) 2728    
Other noncurrent assets 141414 2217
Other undisclosed noncurrent assets   68 6869
Total noncurrent assets: 1,0641,0671,036 869908
TOTAL ASSETS:391,1541,1551,129329741,008
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 139130122 107111
Accrued liabilities 211916 2017
Employee-related liabilities 71915 1115
Taxes payable 543019 1212
Other undisclosed accounts payable and accrued liabilities 566272 6567
Debt 191919 66
Total current liabilities: 158149141 113117
Noncurrent Liabilities
Long-term debt and lease obligation, including: 757674 6571
Long-term debt, excluding current maturities 265266264 245252
Finance lease, liability 101010
Operating lease, liability 606060
Other undisclosed long-term debt and lease obligation (259)(261)(261) (181)(181)
Liabilities, other than long-term debt 1422 8797
Deferred tax liabilities, net 7786
Other liabilities 1422 1011
Other undisclosed noncurrent liabilities 306325330 181181
Total noncurrent liabilities: 395403407 332349
Total liabilities: 552552547 446466
Stockholders' equity
Stockholders' equity attributable to parent, including:616602602581570528543
Common stock 111 11
Treasury stock, value (376)(376)(374) (374)(374)
Additional paid in capital 382382382 382382
Accumulated other comprehensive loss (3)(3)(3) (2)(2)
Retained earnings 597597575 522535
Other undisclosed stockholders' equity attributable to parent616   570  
Total stockholders' equity:616602602581570528543
TOTAL LIABILITIES AND EQUITY:6161,1541,1551,1295709741,008

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues(510)160168182(615)204209
Cost of revenue (113)(132)(152) (161)(161)
Gross profit: 473729 4248
Operating expenses (33)(32)(40) (37)(37)
Operating income (loss): 145(11) 511
Nonoperating income (expense) (4)2929 (24)(13)
Interest and debt expense (3)(3)(3) (3)(3)
Other undisclosed loss from continuing operations before equity method investments, income taxes (8)(3)(3) (3)(3)
Income (loss) from continuing operations before equity method investments, income taxes: (1)2812 (25)(8)
Income (loss) from equity method investments 13434 (19)(8)
Other undisclosed income (loss) from continuing operations before income taxes (1)(34)(34) 198
Income (loss) from continuing operations before income taxes: (1)2812 (25)(8)
Income tax expense (benefit) 1(6)(2) 111
Net income (loss): (0)2210 (14)(8)
Other undisclosed net income attributable to parent14   42  
Net income (loss) available to common stockholders, diluted:14(0)221042(14)(8)

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss): (0)2210 (14)(8)
Other comprehensive income (loss)0(1)0(0)(0)(0)(1)
Other undisclosed comprehensive income (loss)(32)   23  
Comprehensive income (loss), net of tax, attributable to parent:(31)(1)221023(14)(9)

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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