Biglari Holdings Inc. (BH)
Biglari Holdings Inc. (BH)
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 |
|---|---|---|---|
| Net earnings (loss) | -14,531 | -37,488 | NaN |
| Net earnings | NaN | NaN | 12,365 |
| Depreciation and amortization | 10,657 | 10,705 | 30,074 |
| Provision for deferred income taxes | -3,501 | 10,066 | 1,417 |
| Asset impairments | NaN | NaN | 1,251 |
| Asset impairments and other non-cash expenses | 274 | 1,489 | NaN |
| (gains) losses on sale of assets | -194 | 1,565 | 14,050 |
| Investment gains | NaN | 528 | NaN |
| Investment and investment partnerships (gains) losses | -14,741 | -62,847 | -4,154 |
| Distributions from investment partnerships | 13,020 | 2,000 | 54,000 |
| Changes in receivables and inventories | 2,477 | -3,460 | NaN |
| Changes in receivables, inventories and other assets | NaN | NaN | 2,571 |
| Changes in other assets | NaN | 6,814 | NaN |
| Changes in accounts payable and accrued expenses | -5,047 | 4,776 | 5,382 |
| Net cash provided by operating activities | 20,332 | 17,771 | 89,188 |
| Capital expenditures | 6,967 | 11,403 | 18,950 |
| Proceeds from property and equipment disposals | 138 | 3,011 | 17,968 |
| Purchases of noncontrolling interests | NaN | 0 | NaN |
| Purchases of interests in limited partnerships | 42,130 | 44,150 | 44,965 |
| Purchases of investments | 53,414 | 9,468 | 48,375 |
| Sales of investments and redemptions of fixed maturity securities | 7,230 | 32,740 | 58,122 |
| Net cash used in investing activities | -95,143 | -29,270 | -36,200 |
| Payments on line of credit | 6,000 | 0 | 73,000 |
| Proceeds from line of credit | 1,250 | 12,250 | 43,000 |
| Debt issuance costs | 54 | 1,867 | NaN |
| Payments on note payable | 2,250 | 1,125 | NaN |
| Proceeds from note payable, net | NaN | 0 | 223,000 |
| Proceeds from issuance of common stock | 14,920 | NaN | NaN |
| Principal payments on direct financing lease obligations | 1,809 | 1,447 | 4,278 |
| Net cash provided by financing activities | 6,057 | 7,811 | 188,722 |
| Effects of foreign currency exchange rate changes | 47 | -15 | 54 |
| Increase (decrease) in cash, cash equivalents and restricted cash | -68,707 | -3,703 | 241,764 |
| Cash, cash equivalents and restricted cash at beginning of year | 269,493 | 273,196 | 31,432 |
| Cash, cash equivalents and restricted cash at end of first quarter | 200,786 | 269,493 | 273,196 |