Biglari Holdings Inc.
For the period ended Jun 30, 2025. Filed Aug 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 8, 2025
BH$349.22-6.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets — June 30, 202 and December 31,
CONSOLIDATED BALANCE SHEETS
| June 30,2025 | December 31,2024 | |
|---|---|---|
| (Unaudited) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $32,766 | $30,709 |
| Investments | 104,541 | 102,975 |
| Receivables | 21,082 | 25,184 |
| Inventories | 4,371 | 4,031 |
| Other current assets | 11,521 | 7,716 |
| Total current assets | 174,281 | 170,615 |
| Property and equipment | 365,262 | 376,155 |
| Operating lease assets | 35,506 | 34,011 |
| Goodwill and other intangible assets | 76,244 | 75,316 |
| Investment partnerships | 202,893 | 201,727 |
| Other assets | 9,393 | 8,309 |
| Total assets | $863,579 | $866,133 |
| Liabilities and shareholders’ equity | ||
| Liabilities | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $56,418 | $63,381 |
| Losses and loss adjustment expenses | 17,203 | 17,250 |
| Unearned premiums | 18,412 | 17,236 |
| Current portion of lease obligations | 15,054 | 14,449 |
| Line of credit | 19,000 | 35,000 |
| Total current liabilities | 126,087 | 147,316 |
| Lease obligations | 91,384 | 90,739 |
| Deferred taxes | 40,768 | 29,393 |
| Line of credit | — | 10,000 |
| Asset retirement obligations | 15,549 | 15,218 |
| Other liabilities | 505 | 506 |
| Total liabilities | 274,293 | 293,172 |
| Shareholders’ equity | ||
| Common stock | 1,138 | 1,138 |
| Additional paid-in capital | 385,594 | 385,594 |
| Retained earnings | 645,355 | 627,699 |
| Accumulated other comprehensive loss | (1,392) | (2,872) |
| Treasury stock, at cost | (441,409) | (438,598) |
| Biglari Holdings Inc. shareholders’ equity | 589,286 | 572,961 |
| Total liabilities and shareholders’ equity | $863,579 | $866,133 |
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