BH: the balance sheet

MyFinsight

Balance Sheets	2026-03-31	2025-12-31	2025-09-30
Cash and cash equivalents	200,075	268,782	272,485
Investments	114,187	69,050	96,684
Receivables	24,942	23,283	21,239
Inventories	3,520	3,769	3,934
Other current assets	13,486	13,642	9,803
Total current assets	356,210	378,526	404,145
Property and equipment	367,816	366,607	368,134
Operating lease assets	42,420	40,052	39,596
Goodwill	NaN	52,568	NaN
Other intangible assets	NaN	23,674	NaN
Goodwill and other intangible assets	76,080	NaN	76,239
Investment partnerships	165,493	154,275	179,160
Other assets	10,278	9,681	12,224
Total assets	1,018,297	1,025,383	1,079,498

Accounts payable and accrued expenses	66,172	72,946	70,987
Loss and loss adjustment expenses	18,755	18,220	18,502
Unearned premiums	18,520	17,813	18,224
Current portion of lease obligations	12,609	13,946	14,331
Current portion of note payable and lines of credit	28,262	33,070	20,916
Total current liabilities	144,318	155,995	142,960
Lease obligations	105,165	97,701	97,007
Note payable and lines of credit	211,676	213,920	214,914
Deferred taxes	21,509	18,029	28,096
Asset retirement obligations	15,700	15,542	15,736
Other liabilities	769	767	506
Total liabilities	499,137	501,954	499,219
Common stock	1,147	1,138	1,138
Additional paid-in capital	400,505	385,594	385,594
Retained earnings	575,680	590,211	640,064
Accumulated other comprehensive loss	-1,570	-1,350	-1,372
Treasury stock, at cost	456,602	452,164	445,145
Biglari holdings inc. shareholders equity	519,160	523,429	580,279
Total liabilities and shareholders equity	1,018,297	1,025,383	1,079,498

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.