Biglari Holdings Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013 - 1999
Net Income	54.95	-32.02	35.48	-37.99	45.38	19.39	50.07	99.45	-15.84	28.8	Upgrade
Depreciation & Amortization	38.98	36.44	30.05	32.22	29.58	19.32	21.45	22.93	24.78	24.91	Upgrade
Other Operating Activities	-20.93	123.4	163.24	123.32	18.73	-18.03	-45.74	-59.03	43.56	-26.13	Upgrade
Operating Cash Flow	73	127.83	228.77	117.56	93.68	20.68	25.78	63.35	52.5	27.58	Upgrade
Operating Cash Flow Growth	-42.89%	-44.12%	94.60%	25.48%	353.06%	-19.79%	-59.30%	20.67%	90.38%	-28.92%	Upgrade
Capital Expenditures	1.22	-24.43	-54.45	-16.29	-13.1	-12.7	-7.03	-7.58	-10.95	-33.17	Upgrade
Acquisitions	-45.03	-106.84	-12.3	-106.32	-91.06	-39.04	-3.71	-14.15	0	-40.14	Upgrade
Change in Investments	-22.27	-5.33	8.22	-6.88	34.18	28.96	-0.81	-3.7	-102.35	-100.54	Upgrade
Other Investing Activities	-	-	-	-	-	-2.5	-	-3.37	-	3.1	Upgrade
Investing Cash Flow	-66.08	-136.61	-58.53	-129.49	-69.98	-25.29	-11.55	-28.8	-113.3	-170.76	Upgrade
Share Issuance / Repurchase	0	0	0	0	0	0.05	0.03	0.06	0.22	85.9	Upgrade
Debt Issued / Paid	-16.13	3.86	-156.16	-29.11	-8.01	-7.58	-23.03	-15.3	-12.53	91.72	Upgrade
Other Financing Activities	-	-	-	-	-	-	-	-	-	-4.75	Upgrade
Financing Cash Flow	-16.13	3.86	-156.16	-29.11	-8.01	-7.53	-23	-15.23	-12.31	172.87	Upgrade
Exchange Rate Effect	0.06	0.04	-0.06	0.01	-0.01	-0.08	0.17	-0.04	-0.04	-0.02	Upgrade
Net Cash Flow	-9.15	-4.88	14.02	-41.03	15.69	-12.22	-8.6	19.29	-73.15	29.66	Upgrade
Free Cash Flow	74.22	103.4	174.32	101.27	80.58	7.98	18.75	55.77	41.55	-5.6	Upgrade
Free Cash Flow Growth	-28.21%	-40.69%	72.13%	25.67%	910.42%	-57.47%	-66.38%	34.23%	-	-	Upgrade
Free Cash Flow Margin	20.32%	28.08%	47.61%	23.35%	12.05%	0.98%	2.23%	6.56%	4.82%	-0.70%	Upgrade
Free Cash Flow Per Share	32.62	45.44	76.61	44.50	35.41	3.50	9.07	45.63	26.70	-3.27	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).