Biglari Holdings Inc

For the period ended Dec 31, 2023. Filed Feb 26, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 26, 2024

BH-A$1,806.75+14.8%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Cover page

Part I

Item 1. Business Item 1A. Risk Factors Item 1B. Unresolved Staff Comments

Item 1. CCybersecurity (no text here)

Item 1C. Cybersecurity Item 2. Properties Item 3. Legal Proceedings

Item 4. Mine Safety Disclosures (no text here)

Part II

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities Item 6. [Reserved]Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Item 7A. Quantitative and Qualitative Disclosures about Market Risk (no text here)

Item 8. Financial Statements and Supplementary Data Consolidated Balance Sheets Consolidated Statements of Earnings Consolidated Statements of Comprehensive Income Item 8. Consolidated Statements of Cash Flows Consolidated Statements of Changes in Shareholders’ Equity Notes to Consolidated Financial Statements

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure (no text here)

Item 9A. Controls and Procedures Item 9B. Other Information

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections (no text here)

Part III

Item 10. Directors, Executive Officers and Corporate Governance (no text here)

Item 11. Executive Compensation (no text here)

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters (no text here)

Item 13. Certain Relationships and Related Transactions, and Director Independence (no text here)

Item 14. Principal Accountant Fees and Services

Part IV

Item 15. Exhibits and Financial Statement Schedules

Item 16. Form 10-K Summary

Signatures

Consolidated Balance Sheets

	December 31,
	2023	2022
Assets
Current assets:
Cash and cash equivalents	$28,066	$37,467
Investments	91,879	69,466
Receivables	22,241	29,375
Inventories	2,980	3,851
Other current assets	7,385	10,495
Total current assets	152,551	150,654
Property and equipment	380,491	400,725
Operating lease assets	32,215	34,739
Goodwill	53,530	53,513
Other intangible assets	23,230	23,037
Investment partnerships	199,103	155,794
Other assets	8,302	10,012
Total assets	$849,422	$828,474
Liabilities and shareholders’ equity
Liabilities
Current liabilities:
Accounts payable and accrued expenses	$66,743	$78,616
Loss and loss adjustment expenses	15,168	16,805
Unearned premiums	14,334	12,495
Current portion of lease obligations	14,855	16,981
Line of credit	—	10,000
Total current liabilities	111,100	134,897
Lease obligations	86,389	91,844
Deferred taxes	37,939	31,343
Asset retirement obligations	14,316	14,068
Other liabilities	348	754
Total liabilities	250,092	272,906
Shareholders’ equity
Common stock	1,138	1,138
Additional paid-in capital	385,594	381,788
Retained earnings	631,458	576,510
Accumulated other comprehensive loss	(2,518)	(2,790)
Treasury stock, at cost	(416,342)	(409,680)
Biglari Holdings Inc. shareholders’ equity	599,330	546,966
Noncontrolling interests	—	8,602
Total shareholders’ equity	599,330	555,568
Total liabilities and shareholders’ equity	$849,422	$828,474

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.