Biglari Holdings Inc. (BH)

Biglari Holdings Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	32.77	30.71	28.07	37.47	42.35	24.5
Short-Term Investments	104.54	102.98	91.88	69.47	83.06	94.86
Cash & Short-Term Investments	137.31	133.68	119.95	106.93	125.41	119.36
Cash Growth	13.93%	11.45%	12.17%	-14.73%	5.07%	5.98%
Accounts Receivable	21.08	25.18	22.24	29.38	28.51	19.19
Other Receivables	-	1.14	1.02	1.45	3.22	3.49
Receivables	21.08	26.32	23.26	30.83	31.73	22.68
Inventory	4.37	4.03	2.98	3.85	3.8	2.74
Prepaid Expenses	-	5.5	5.59	4.34	3.87	3
Other Current Assets	11.52	1.08	0.77	4.7	-	-
Total Current Assets	174.28	170.62	152.55	150.65	164.81	147.78
Property, Plant & Equipment	400.77	410.17	412.71	435.46	391.89	358.95
Long-Term Investments	202.89	201.73	199.1	155.79	250.4	419.55
Goodwill	52.57	52.5	53.53	53.51	53.55	53.6
Other Intangible Assets	23.68	22.82	23.23	23.04	23.46	24.07
Other Long-Term Assets	9.39	8.31	8.3	10.01	10.7	14.03
Total Assets	863.58	866.13	849.42	828.47	894.81	1,018
Accounts Payable	25.54	28.54	22.45	28.43	36.68	26.54
Accrued Expenses	11.9	11.62	19.57	14.29	27.51	20.73
Current Portion of Long-Term Debt	19	35	-	10	-	152.26
Current Portion of Leases	15.05	14.45	14.86	16.98	16.9	17.37
Current Income Taxes Payable	4.19	8.13	11.05	14.9	11.39	10.92
Current Unearned Revenue	28.17	27.61	26.74	28.97	37.59	44.42
Other Current Liabilities	22.23	21.96	16.44	21.33	13.57	16.21
Total Current Liabilities	126.09	147.32	111.1	134.9	143.64	288.45
Long-Term Debt	-	10	-	-	-	-
Long-Term Leases	91.38	90.74	86.39	91.84	104.48	111.65
Long-Term Deferred Tax Liabilities	40.77	29.39	37.94	31.34	46.53	41.35
Other Long-Term Liabilities	16.05	15.72	14.66	14.82	12.46	11.7
Total Liabilities	274.29	293.17	250.09	272.91	307.11	453.14
Common Stock	1.14	1.14	1.14	1.14	1.14	1.14
Additional Paid-In Capital	385.59	385.59	385.59	381.79	381.79	381.79
Retained Earnings	645.36	627.7	631.46	576.51	608.53	573.05
Treasury Stock	-441.41	-438.6	-416.34	-409.68	-401.85	-389.62
Comprehensive Income & Other	-1.39	-2.87	-2.52	-2.79	-1.91	-1.53
Total Common Equity	589.29	572.96	599.33	546.97	587.7	564.83
Minority Interest	-	-	-	8.6	-	-
Shareholders' Equity	589.29	572.96	599.33	555.57	587.7	564.83
Total Liabilities & Equity	863.58	866.13	849.42	828.47	894.81	1,018
Total Debt	125.44	150.19	101.24	118.83	121.38	281.27
Net Cash (Debt)	11.87	-16.5	18.7	-11.89	4.03	-161.91
Net Cash Per Share	44.03	-59.07	64.49	-39.90	12.71	-469.03
Filing Date Shares Outstanding	0.62	0.62	0.62	0.62	0.62	0.62
Total Common Shares Outstanding	0.62	0.62	0.62	0.62	0.62	0.62
Working Capital	48.19	23.3	41.45	15.76	21.17	-140.67
Book Value Per Share	949.55	923.25	965.74	881.36	946.99	910.14
Tangible Book Value	513.04	497.65	522.57	470.42	510.69	487.17
Tangible Book Value Per Share	826.70	801.89	842.05	758.01	822.90	785.00
Land	131.14	134.74	139.9	143.31	144.61	142.6
Buildings	161.86	160.28	151.72	151.63	148.61	138.73
Machinery	211.52	213.8	212.42	222.66	224.58	192.74
Construction In Progress	1.25	0.67	1.63	2.24	2.82	1.03

Updated Aug 8, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q