Biglari Holdings Inc
For the period ended Mar 31, 2024. Filed May 10, 2024.
View on SEC.govAbout this filing
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.
Mar 31, 2024 · Filed May 10, 2024
BH$349.22-6.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows — First Quarter 202 and
CONSOLIDATED STATEMENTS OF CASH FLOWS
| First Quarter | ||
|---|---|---|
| 2024 | 2023 | |
| (Unaudited) | ||
| Operating activities | ||
| Net earnings | $22,579 | $65,537 |
| Adjustments to reconcile net earnings to operating cash flows: | ||
| Depreciation and amortization | 10,053 | 9,940 |
| Provision for deferred income taxes | 3,877 | 18,450 |
| Asset impairments | 107 | 776 |
| Gains on sale of assets | (1,431) | (1,590) |
| Investment and investment partnerships gains | (23,698) | (76,226) |
| Distributions from investment partnerships | 1,000 | — |
| Changes in receivables and inventories | (2,249) | 2,006 |
| Changes in accounts payable and accrued expenses | 8,887 | 1,030 |
| Net cash provided by operating activities | 19,125 | 19,923 |
| Investing activities | ||
| Capital expenditures | (4,596) | (5,929) |
| Proceeds from property and equipment disposals | 920 | 2,140 |
| Purchases of interests in limited partnerships | (3,975) | (2,700) |
| Purchases of investments | (20,856) | (27,255) |
| Sales of investments and redemptions of fixed maturity securities | 17,265 | 21,009 |
| Net cash used in investing activities | (11,242) | (12,735) |
| Financing activities | ||
| Repayments of borrowings | — | (3,500) |
| Principal payments on direct financing lease obligations | (1,403) | (1,550) |
| Net cash used in financing activities | (1,403) | (5,050) |
| Effects of foreign currency exchange rate changes | (10) | 8 |
| Increase in cash, cash equivalents and restricted cash | 6,470 | 2,146 |
| Cash, cash equivalents and restricted cash at beginning of year | 29,654 | 38,805 |
| Cash, cash equivalents and restricted cash at end of first quarter | $36,124 | $40,951 |
| First Quarter | ||
|---|---|---|
| 2024 | 2023 | |
| (Unaudited) | ||
| Cash and cash equivalents | $34,536 | $39,363 |
| Restricted cash in other long-term assets | 1,588 | 1,588 |
| Cash, cash equivalents and restricted cash at end of first quarter | $36,124 | $40,951 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.