Biglari Holdings Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	272.49	30.71	0.7	37.47	29.66	24.5
Short-Term Investments	96.68	102.98	-	69.47	-	94.86
Cash & Short-Term Investments	369.17	133.68	0.7	106.93	29.66	119.36
Cash Growth	178.00%	18945.67%	-99.34%	260.57%	-75.16%	5.98%
Accounts Receivable	21.24	25.18	-	29.38	-	19.19
Inventory	3.93	4.03	-	3.85	-	2.74
Other Current Assets	9.8	7.72	-	10.5	-	6.49
Total Current Assets	404.15	170.62	0.7	150.65	29.66	147.78
Net Property, Plant & Equipment	407.73	410.17	-	435.46	-	358.95
Other Intangible Assets	-	-	-	23.04	-	24.07
Goodwill	76.24	75.32	-	53.51	-	53.6
Long-Term Investments	179.16	201.73	-	155.79	-	419.55
Other Long-Term Assets	12.22	8.31	372.6	10.01	534.37	14.03
Total Assets	1,079	866.13	373.3	828.47	564.02	1,018
Accounts Payable	70.99	63.38	0.1	78.62	0.05	90.89
Current Portion of Long-Term Debt	20.92	35	-	10	-	152.26
Current Portion of Leases	14.33	14.45	-	16.98	-	17.37
Unearned Revenue	18.22	17.24	-	12.5	-	13.28
Other Current Liabilities	18.5	17.25	184.93	16.81	130.36	14.65
Total Current Liabilities	142.96	147.32	185.02	134.9	130.42	288.45
Long-Term Debt	214.91	10	-	-	-	-
Long-Term Leases	97.01	90.74	-	91.84	-	111.65
Other Long-Term Liabilities	44.34	45.12	-	46.17	-	53.05
Total Long-Term Liabilities	356.26	145.86	-	138.01	-	164.69
Total Liabilities	499.22	293.17	185.02	272.91	130.42	453.14
Common Stock	1.14	1.14	-	1.14	-	1.14
Treasury Stock	-445.15	-438.6	-	-409.68	-	-389.62
Additional Paid-in Capital	385.59	385.59	-	381.79	-	381.79
Accumulated Other Comprehensive Income	-1.37	-2.87	-	-2.79	-	-1.53
Retained Earnings	640.06	627.7	-	576.51	-	573.05
Total Common Shareholders' Equity	580.28	572.96	-	546.97	-	564.83
Minority Interest	-	-	-	8.6	-	-
Shareholders' Equity	580.28	572.96	-	555.57	-	564.83
Total Liabilities & Equity	1,079	866.13	185.02	828.47	130.42	1,018
Total Debt	347.17	150.19	0	118.83	0	281.27
Net Cash (Debt)	22	-16.5	0.7	-11.89	29.66	-161.91
Net Cash Per Share	83.17	-59.07	2.42	-39.90	93.48	-469.04
Book Value	580.28	572.96	0	546.97	0	564.83
Book Value Per Share	2193.57	2050.82	-	1835.27	-	1636.27
Tangible Book Value	504.04	497.65	0	470.42	0	487.17
Tangible Book Value Per Share	1905.37	1781.24	-	1578.41	-	1411.29

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q