| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net earnings | 12,365 | 17,656 |
| Depreciation, depletion, and amortization | 30,074 | 20,529 |
| Provision for deferred income taxes | 1,417 | -11,254 |
| Asset impairments | 1,251 | 1,251 |
| Gains on sale of assets | 14,050 | 11,032 |
| Investment and investment partnership gains and losses | -4,154 | 10,252 |
| Distributions from investment partnerships | 54,000 | 35,000 |
| Changes in receivables, inventories and other assets | 2,571 | -559 |
| Changes in accounts payable and accrued expenses | 5,382 | -7,023 |
| Net cash provided by operating activities | 89,188 | 57,942 |
| Capital expenditures | 18,950 | 10,004 |
| Proceeds from property and equipment disposals | 17,968 | 12,477 |
| Purchases of interests in limited partnerships | 44,965 | 30,065 |
| Purchases of investments | 48,375 | 31,479 |
| Sales of investments and redemptions of fixed maturity securities | 58,122 | 31,910 |
| Net cash used in investing activities | -36,200 | -27,161 |
| Proceeds from line of credit | 43,000 | 27,000 |
| Payments on line of credit | 73,000 | 53,000 |
| Proceeds from note payable, net | 223,000 | - |
| Principal payments on direct financing lease obligations | 4,278 | 2,778 |
| Net cash provided by financing activities | 188,722 | -28,778 |
| Effect of exchange rate changes on cash | 54 | 42 |
| Increase in cash, cash equivalents and restricted cash | 241,764 | 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)