For the quarter ending 2025-09-30, BH-A had $239,719K increase in cash & cash equivalents over the period. $22,300K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net earnings | -5,291 | 17,656 |
| Depreciation, depletion, and amortization | 9,545 | 20,529 |
| Provision for deferred income taxes | 12,671 | -11,254 |
| Asset impairments | 0 | 1,251 |
| Gains on sale of assets | 3,018 | 11,032 |
| Investment and investment partnership gains and losses | -14,406 | 10,252 |
| Distributions from investment partnerships | 19,000 | 35,000 |
| Changes in receivables, inventories and other assets | 3,130 | -559 |
| Changes in accounts payable and accrued expenses | 12,405 | -7,023 |
| Net cash provided by operating activities | 31,246 | 57,942 |
| Capital expenditures | 8,946 | 10,004 |
| Proceeds from property and equipment disposals | 5,491 | 12,477 |
| Purchases of interests in limited partnerships | 14,900 | 30,065 |
| Purchases of investments | 16,896 | 31,479 |
| Sales of investments and redemptions of fixed maturity securities | 26,212 | 31,910 |
| Net cash used in investing activities | -9,039 | -27,161 |
| Proceeds from line of credit | 16,000 | 27,000 |
| Payments on line of credit | 20,000 | 53,000 |
| Proceeds from note payable, net | 223,000 | - |
| Principal payments on direct financing lease obligations | 1,500 | 2,778 |
| Net cash provided by financing activities | 217,500 | -28,778 |
| Effect of exchange rate changes on cash | 12 | 42 |
| Increase in cash, cash equivalents and restricted cash | 239,719 | 2,045 |
| Cash and cash equivalents at beginning of period | 31,432 | - |
| Cash and cash equivalents at end of period | 273,196 | - |
Biglari Holdings Inc. (BH-A)
Biglari Holdings Inc. (BH-A)