Biglari Holdings Inc.

BHBiglari Holdings Inc. US flag

New York Stock Exchange

415.45

USD

-8.78

- -

1.30BMarket Cap

Income Statement (USD)

API ChatGPT

	2012 Y	2013 Y	2014 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2012	09/30/2013	09/30/2014	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Sales/Revenue/Turnover	740	756	794	- -	861	850	840	810	669	434	366	368	365	362	395
+ Sales & Services Revenue	740	756	794	- -	861	850	840	810	669	434	366	368	365	362	395
- Cost of Revenue	561	583	626	- -	678	668	687	661	534	297	223	215	210	223	246
+ Cost of Goods & Services	561	583	626	- -	678	668	687	661	534	297	223	215	210	223	246
Gross Profit	179	173	168	- -	183	182	153	148	135	137	143	153	155	139	149
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	136	152	153	- -	160	150	150	147	130	109	106	107	116	116	128
+ Selling, General & Admin	110	127	128	- -	135	127	129	127	100	76	76	71	77	76	87
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	26	25	25	- -	25	23	21	19	30	32	30	36	39	40	41
Operating Income (Loss)	43	21	14	- -	23	32	2	2	5	28	37	46	39	23	22
- Non-Operating (Income) Loss	12	-196	-25	- -	61	-115	15	-15	-50	79	-6	89	-25	31	69
+ Interest Expense, Net	16	8	19	- -	21	21	20	20	20	16	7	6	6	6	14
+ Interest Expense	20	16	20	- -	21	21	20	20	20	16	7	6	6	6	14
- Interest Income	4	8	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-4	-204	-44	- -	39	-136	-5	-35	-70	63	-13	83	-31	25	56
Pretax Income	31	216	39	- -	-37	146	-13	17	55	-50	42	-43	65	-8	-48
- Income Tax Expense (Benefit)	6	74	10	- -	-22	47	-63	-3	10	-12	7	-11	9	-4	-10
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	25	142	29	- -	-16	99	50	19	45	-38	35	-32	56	-4	-37
- Net Extraordinary Losses (Gains)	6	4	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	1	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	6	4	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	1	- -	- -
Income (Loss) Incl. MI	18	138	29	- -	-16	99	50	19	45	-38	35	-32	54	-4	-37
- Minority Interest	-3	-2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	- -	- -
Net Income, GAAP	22	140	29	- -	-16	99	50	19	45	-38	35	-32	55	-4	-37
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	22	140	29	- -	-16	99	50	19	45	-38	35	-32	55	-4	-37
EBIT	43	21	14	- -	23	32	2	2	5	28	37	46	39	23	22
EBITDA	70	46	39	- -	48	55	24	21	35	61	67	82	78	63	63
EBITDA Margin (%)	9.4	6.08	4.94	- -	5.58	6.42	2.8	2.62	5.24	13.97	18.23	22.32	21.45	17.38	15.83
EBITA	43	21	14	- -	23	32	2	2	5	28	37	46	39	23	22
Gross Margin (%)	24.2	22.87	21.12	- -	21.27	21.39	18.16	18.33	20.21	31.58	39	41.49	42.53	38.28	37.8
Operating Margin (%)	5.83	2.74	1.8	- -	2.7	3.72	0.24	0.24	0.82	6.54	10.03	12.42	10.78	6.38	5.51
Profit Margin (%)	2.92	18.56	3.63	- -	-1.84	11.7	5.96	2.39	6.78	-8.76	9.69	-8.7	15.04	-1.04	-9.48
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	26	25	25	- -	25	23	21	19	30	32	30	36	39	40	41
Basic Weighted Avg Shares	2	2	3	2	2	2	2	2	2	2	2	1	1	1	1
Basic EPS, GAAP	9.28	60.59	11.23	- -	-6.79	54.24	27.2	11.14	26.33	-22.01	22.37	-21.49	37.9	-2.69	-28.77
Basic EPS from Cont Ops	10.63	61.41	11.23	- -	-6.79	54.24	27.2	11.14	26.33	-22.01	22.37	-21.68	38.3	-2.69	-28.77
Diluted Weighted Avg Shares	2	2	3	2	2	2	2	2	2	2	2	1	1	1	1
Diluted EPS, GAAP	9.26	60.46	11.21	- -	-6.79	54.24	27.2	11.14	26.33	-22.01	22.37	-21.49	37.9	-2.69	-28.77
Diluted EPS from Cont Ops	10.61	61.28	11.21	- -	-6.79	54.24	27.2	11.14	26.33	-22.01	22.37	-21.68	38.3	-2.69	-28.77

Balance Sheet (USD)

API ChatGPT

	2012 Y	2013 Y	2014 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2012	09/30/2013	09/30/2014	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Current Assets	349	197	186	- -	113	128	113	115	145	148	165	151	153	171	379
+ Cash, Cash Equivalents & STI	330	180	146	- -	80	98	82	87	113	119	125	107	120	134	338
+ Cash & Cash Equivalents	60	95	124	- -	57	76	59	49	68	25	42	37	28	31	269
+ ST Investments	270	85	22	- -	24	22	23	38	45	95	83	69	92	103	69
+ Accounts & Notes Receiv	7	7	16	- -	18	14	16	16	22	19	29	29	22	25	23
+ Accounts Receivable, Net	7	7	16	- -	18	14	16	16	22	19	29	29	22	25	23
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	7	6	7	- -	8	7	7	8	5	3	4	4	3	4	4
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	7	6	7	- -	8	7	7	8	5	3	4	4	3	4	4
+ Other ST Assets	5	4	18	- -	7	9	7	5	6	6	7	10	7	8	14
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	425	791	988	- -	874	969	951	915	994	870	730	678	697	696	647
+ Property, Plant & Equip, Net	357	346	354	- -	332	312	296	275	410	359	392	435	413	410	407
+ Property, Plant & Equip	676	687	709	- -	686	683	677	651	789	735	785	851	833	852	872
- Accumulated Depreciation	319	341	355	- -	354	370	381	376	378	376	393	415	420	442	466
+ LT Investments & Receivables	25	398	557	- -	472	578	566	557	506	420	250	156	199	202	154
+ LT Investments	25	398	557	- -	472	578	566	557	506	420	250	156	199	202	154
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	43	47	77	- -	70	79	89	82	78	92	88	87	85	84	86
+ Total Intangible Assets	34	36	63	- -	62	66	67	68	67	78	77	77	77	75	76
+ Goodwill	28	28	40	- -	40	40	40	40	40	54	54	54	54	52	53
+ Other Intangible Assets	6	8	23	- -	22	26	27	28	27	24	23	23	23	23	24
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	9	11	14	- -	9	13	22	14	11	14	11	10	8	8	10
Total Assets	774	989	1,175	- -	987	1,097	1,064	1,029	1,139	1,018	895	828	849	866	1,025
+ Payables & Accruals	87	80	86	- -	78	80	83	83	85	60	76	58	42	48	58
+ Accounts Payable	33	31	39	- -	35	34	41	42	33	27	37	28	22	29	34
+ Accrued Taxes	13	13	14	- -	12	12	11	11	29	11	11	15	11	8	10
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	41	36	32	- -	31	34	32	30	23	22	28	14	8	11	13
+ ST Debt	18	16	9	- -	8	7	7	6	19	170	17	27	15	49	47
+ ST Borrowings	12	10	3	- -	2	2	1	1	1	152	- -	10	- -	35	33
+ ST Finance Leases	6	6	6	- -	6	6	5	4	18	17	17	17	15	14	14
+ Other ST Liabilities	19	17	18	- -	31	33	46	34	36	59	51	50	55	50	51
+ Deferred Revenue	- -	11	18	- -	31	33	37	34	32	44	38	29	27	28	27
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	19	6	- -	- -	- -	- -	11	11	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	-2	-11	3	15	13	21	28	22	24
Total Current Liabilities	124	113	113	- -	117	120	135	123	140	288	144	135	111	147	156
+ LT Debt	231	217	315	- -	296	282	257	240	316	112	104	92	86	101	312
+ LT Borrowings	120	110	215	- -	206	198	182	180	179	- -	- -	- -	- -	10	214
+ LT Finance Leases	110	106	100	- -	90	84	75	60	137	112	104	92	86	91	98
+ Other LT Liabilities	70	94	108	- -	123	163	100	96	67	53	59	46	53	45	34
+ Accrued Liabilities	9	91	103	- -	119	159	95	95	56	43	47	31	38	29	18
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	61	3	5	- -	4	5	5	1	11	10	12	15	15	16	16
Total Noncurrent Liabilities	300	311	423	- -	419	445	357	336	383	165	163	138	139	146	346
Total Liabilities	425	424	536	- -	536	565	492	459	523	453	307	273	250	293	502
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	144	271	393	- -	393	383	383	383	383	383	383	383	387	387	387
+ Common Stock	1	1	1	- -	1	1	1	1	1	1	1	1	1	1	1
+ Additional Paid in Capital	143	270	392	- -	392	382	382	382	382	382	382	382	386	386	386
- Treasury Stock	91	76	94	- -	354	363	376	374	375	390	402	410	416	439	452
+ Retained Earnings	252	348	341	- -	416	515	566	564	611	573	609	577	631	628	590
+ Other Equity	44	21	-1	- -	-4	-4	-1	-3	-3	-2	-2	-3	-3	-3	-1
Equity Before Minority Interest	297	565	639	- -	451	532	571	570	616	565	588	547	599	573	523
+ Minority/Non Controlling Interest	52	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	9	- -	- -	- -
Total Equity	349	565	639	- -	451	532	571	570	616	565	588	556	599	573	523
Total Liabilities & Equity	774	989	1,175	- -	987	1,097	1,064	1,029	1,139	1,018	895	828	849	866	1,025
Shares Outstanding	2	3	3	- -	3	3	3	3	3	3	3	3	3	3	3
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	116	112	106	- -	96	89	81	64	155	129	121	109	101	105	112
Net Debt	72	26	94	- -	151	123	124	133	112	128	-42	-27	-28	14	-22
Net Debt to Equity	20.63	4.54	14.73	- -	33.53	23.19	21.78	23.31	18.25	22.62	-7.21	-4.94	-4.68	2.49	-4.16
Tangible Common Equity Ratio	42.61	55.49	51.78	- -	42.11	45.19	50.62	52.25	51.21	51.81	62.45	63.71	67.63	62.93	47.11
Current Ratio	2.81	1.75	1.65	- -	0.97	1.06	0.83	0.93	1.04	0.51	1.15	1.12	1.37	1.16	2.43
Cash Conversion Cycle	-13.47	-12.65	-11.3	- -	-3.42	-7.99	-9.44	-11.47	-11.27	-14.89	-22.3	-19.97	-12.69	-11.82	-18.44

Cash Flow Statement (USD)

API ChatGPT

	2012 Y	2013 Y	2014 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2012	09/30/2013	09/30/2014	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

+ Net Income	25	142	29	- -	-16	99	50	19	45	-38	35	-32	56	-4	-37
+ Depreciation & Amortization	26	25	25	- -	25	23	21	19	30	32	30	36	39	40	41
+ Non-Cash Items	3	-129	-20	- -	36	-67	-59	-6	21	148	173	136	-18	21	97
+ Stock-Based Compensation	1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Income Taxes	-3	72	9	- -	-26	38	-64	-2	-39	-12	5	-16	7	-8	-11
+ Asset Impairment Charge	4	4	3	- -	2	2	4	6	9	25	5	4	4	1	1
+ Other Non-Cash Adj	1	-205	-32	- -	61	-108	2	-10	50	136	163	148	-28	28	107
+ Chg in Non-Cash Work Cap	-4	1	-6	- -	7	8	13	-12	-2	-25	-10	-13	-4	-7	7
+ (Inc) Dec in Accts Receiv	-4	- -	-6	- -	1	4	-2	- -	4	7	-9	3	6	-5	3
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	10	4	2	- -	4	4	15	-12	-16	-32	-1	-25	-12	- -	10
+ Inc (Dec) in Other	-11	-3	-3	- -	2	- -	- -	1	10	1	- -	9	3	-2	-7
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	50	39	28	- -	52	63	26	21	94	118	229	128	73	50	107
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	2	2	3	- -	- -	1	1	3	5	4	10	5	25	29	21
+ Disp of Fixed Prod Assets	2	2	3	- -	- -	1	1	3	5	4	10	5	25	29	21
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-9	-18	-36	- -	-11	-3	- -	-3	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	-9	-14	-36	- -	-11	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	-4	- -	- -	- -	-3	- -	-3	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	76	86	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Increase in Capital Stock	- -	76	86	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	-71	-47	-101	- -	-102	-4	-1	-10	-6	-7	8	-5	-17	-10	33
+ Dec in LT Investment	38	- -	12	- -	12	32	42	49	149	293	118	129	91	57	91
+ Inc in LT Investment	-109	-47	-113	- -	-115	-36	-43	-59	-155	-300	-110	-134	-108	-67	-58
+ Net Cash From Acq & Div	- -	2	-40	- -	- -	-14	-4	-39	-91	-106	-12	-107	-50	-76	-89
+ Cash from Divestitures	- -	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	-40	- -	- -	-14	-4	-39	-91	-106	-12	-107	-50	-76	-89
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-11	- -	3	- -	- -	-9	-8	24	22	-21	-65	-30	-23	-31	-30
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-88	-61	-171	- -	-113	-29	-12	-25	-70	-129	-59	-137	-66	-87	-65
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	- -	-18	92	- -	-13	-15	-23	-8	-8	-29	-156	14	-26	39	198
+ Cash From Debt	130	17	230	- -	- -	- -	- -	- -	- -	1	- -	60	63	61	278
+ Repayments of Debt	-130	-35	-138	- -	-13	-15	-23	-8	-8	-30	-156	-46	-89	-22	-80
+ Other Financing Activities	- -	-1	-5	- -	- -	- -	- -	- -	- -	- -	- -	-10	10	- -	-2
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-1	56	173	- -	-12	-15	-23	-8	-8	-29	-156	4	-16	39	197
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-39	34	30	- -	-73	19	-9	-12	16	-41	14	-5	-9	2	238
EBITDA	70	46	39	- -	48	55	24	21	35	61	67	82	78	63	63
EBITDA Margin (%)	9.4	6.08	4.94	- -	5.58	6.42	2.8	2.62	5.24	13.97	18.23	22.32	21.45	17.38	15.83
Free Cash Flow	41	21	-8	- -	41	60	26	18	94	118	229	128	73	50	107
Net Cash Paid for Acquisitions	- -	-2	40	- -	- -	14	4	39	91	106	12	107	50	76	89
Free Cash Flow to Firm	57	32	7	- -	- -	74	- -	- -	110	- -	235	- -	78	- -	- -
Free Cash Flow to Equity	43	9	86	- -	29	49	4	16	90	93	83	147	71	118	326
Free Cash Flow per Basic Share	17.74	9.01	-3.21	- -	17.74	32.72	14.01	10.44	54.35	68.11	144.22	85.78	50.35	35.55	82.09
Price/Free Cash Flow	8.35	10.45	9.18	- -	7.97	8.67	19.73	8.53	2.11	1.63	0.99	1.62	3.28	7.15	4.05
Cash Flow to Net Income	2.31	0.28	0.96	- -	-3.31	0.64	0.51	1.07	2.06	-3.09	6.45	-3.99	1.33	-13.21	-2.85
Capital Expenditures	-9	-18	-36	- -	-11	-3	- -	-3	- -	- -	- -	- -	- -	- -	- -