Balance Sheet - Biglari Holdings Inc. (BH-A)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | Dec-13 | Dec-12 | Dec-11 | Dec-10 | Dec-09 | Dec-08 | Dec-07 | Dec-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total cash and short-term investments | 337.83 | 133.68 | 119.95 | 106.93 | 125.41 | 119.36 | 112.63 | 82.42 | 81.87 | 98.11 | 80.27 | 145.81 | 180.11 | 330.22 | 214.31 | 80.09 | 68.13 | 6.86 | 2.00 | 4.82 |
| Accounts receivable, net | 23.28 | 25.18 | 22.24 | 29.38 | 28.51 | 19.19 | 21.64 | 15.74 | 15.53 | 14.20 | 17.72 | 15.96 | 7.06 | 7.00 | 4.13 | 5.82 | 7.66 | 15.62 | 5.29 | 5.86 |
| Inventories | 3.77 | 4.03 | 2.98 | 3.85 | 3.80 | 2.74 | 4.67 | 7.54 | 7.27 | 6.77 | 7.59 | 6.89 | 6.48 | 6.62 | 5.89 | 6.06 | 6.60 | 6.80 | 7.37 | 7.02 |
| Other current assets | 9.77 | 7.72 | 6.37 | 10.50 | 7.09 | 6.49 | 6.45 | 9.24 | 7.97 | 8.72 | 7.26 | 17.60 | 3.85 | 5.16 | 16.26 | 17.87 | 22.06 | 31.66 | 34.47 | 13.22 |
| Total current assets | 374.65 | 170.62 | 151.53 | 150.65 | 164.81 | 147.78 | 145.39 | 114.93 | 112.64 | 127.79 | 126.79 | 186.27 | 197.49 | 349.00 | 240.58 | 109.83 | 90.72 | 60.94 | 49.14 | 30.92 |
| Total non-current assets | 674.48 | 695.52 | 707.55 | 677.82 | 730.00 | 870.19 | 993.92 | 914.56 | 950.95 | 969.18 | 877.13 | 988.46 | 791.06 | 424.79 | 432.28 | 454.01 | 423.78 | 459.20 | 513.63 | 511.60 |
| Total assets | 1,049.13 | 866.13 | 859.09 | 828.47 | 894.81 | 1,017.97 | 1,139.31 | 1,029.49 | 1,063.58 | 1,096.97 | 1,003.92 | 1,174.73 | 988.54 | 773.79 | 672.86 | 563.84 | 514.50 | 520.14 | 562.76 | 542.52 |
| Total current liabilities | 156.00 | 147.32 | 111.10 | 134.90 | 143.64 | 288.45 | 139.82 | 122.99 | 135.49 | 120.01 | 117.56 | 113.03 | 113.01 | 124.29 | 114.87 | 90.76 | 75.53 | 76.32 | 92.08 | 83.08 |
| Total non-current liabilities | 369.71 | 145.86 | 148.66 | 138.01 | 163.47 | 164.69 | 383.19 | 336.05 | 356.76 | 445.02 | 434.99 | 422.98 | 310.94 | 248.28 | 233.06 | 161.84 | 146.92 | 160.24 | 167.61 | 172.40 |
| Total liabilities | 525.71 | 293.17 | 259.76 | 272.91 | 307.11 | 453.14 | 523.01 | 459.04 | 492.26 | 565.03 | 552.55 | 536.02 | 423.95 | 372.57 | 347.93 | 252.60 | 222.45 | 236.56 | 259.69 | 255.49 |
| Total stockholders' equity | 523.43 | 572.96 | 599.33 | 546.97 | 587.70 | 564.83 | 616.30 | 570.46 | 571.33 | 531.94 | 451.37 | 638.72 | 564.59 | 349.13 | 279.68 | 249.00 | 291.86 | 283.58 | 303.07 | 287.04 |
| Common shares outstanding | 3 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
Show Quarterly Balance Sheet
Balance Sheet - Biglari Holdings Inc. (BH-A)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | Sep-14 | Jun-14 | Mar-14 | Dec-13 | Sep-13 | Jun-13 | Mar-13 | Dec-12 | Sep-12 | Jun-12 | Mar-12 | Dec-11 | Sep-11 | Jun-11 | Mar-11 | Dec-10 | Sep-10 | Jun-10 | Mar-10 | Dec-09 | Sep-09 | Jun-09 | Mar-09 | Dec-08 | Sep-08 | Jun-08 | Mar-08 | Dec-07 | Sep-07 | Jun-07 | Mar-07 | Dec-06 | Sep-06 | Jun-06 | Mar-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total cash and short-term investments | 314.26 | 337.83 | 369.17 | 137.31 | 135.33 | 133.68 | 132.79 | 120.52 | 132.26 | 119.95 | 118.36 | 119.14 | 119.02 | 106.93 | 134.87 | 112.28 | 132.93 | 125.41 | 126.80 | 124.31 | 119.36 | 119.36 | 118.25 | 121.22 | 112.63 | 112.63 | 62.82 | 69.14 | 82.42 | 82.42 | 76.14 | 72.76 | 69.60 | 81.87 | 76.89 | 87.90 | 89.26 | 98.11 | 98.11 | 87.62 | 79.92 | 80.27 | 71.50 | 89.59 | 134.16 | 140.47 | 145.81 | 121.99 | 134.48 | 169.73 | 180.11 | 153.57 | 405.11 | 337.76 | 330.22 | 292.16 | 254.79 | 234.13 | 214.31 | 141.88 | 98.16 | 80.09 | 80.09 | 61.71 | 81.02 | 84.37 | 54.40 | 37.84 | 56.07 | 25.64 | 6.86 | 1.62 | 1.58 | 2.00 | 1.50 | 3.87 | 2.31 | 5.15 | 4.82 | 3.76 | 4.48 |
| Accounts receivable, net | 24.94 | 23.28 | 21.24 | 21.08 | 22.51 | 25.18 | 21.38 | 19.17 | 24.20 | 22.24 | 25.78 | 22.58 | 27.04 | 29.38 | 25.83 | 26.94 | 22.43 | 28.51 | 23.89 | 17.71 | 19.19 | 19.19 | 16.15 | 18.07 | 21.64 | 21.64 | 16.46 | 8.83 | 15.74 | 15.74 | 13.49 | 11.25 | 12.19 | 15.53 | 11.22 | 9.29 | 8.67 | 14.20 | 8.36 | 9.25 | 10.00 | 17.16 | 13.32 | 14.61 | 17.48 | 15.56 | 15.96 | 11.15 | 9.04 | 6.96 | 5.39 | 7.52 | 7.84 | 6.27 | 4.55 | 7.49 | 8.13 | 5.89 | 4.13 | 9.63 | 11.08 | 5.82 | 5.82 | 9.21 | 10.85 | 6.38 | 7.66 | 8.01 | 6.11 | 5.63 | 15.62 | 4.48 | 4.46 | 5.29 | 6.29 | 6.68 | 5.23 | 4.09 | 5.86 | 5.39 | 3.78 |
| Inventories | 3.52 | 3.77 | 3.93 | 4.37 | 4.23 | 4.03 | 3.86 | 3.59 | 3.57 | 2.98 | 3.46 | 3.60 | 3.76 | 3.85 | 3.70 | 3.46 | 4.38 | 3.80 | 3.10 | 3.52 | 2.74 | 2.74 | 2.91 | 3.02 | 4.67 | 4.67 | 4.65 | 5.17 | 7.54 | 7.54 | 6.56 | 7.00 | 7.31 | 7.27 | 6.86 | 7.29 | 7.10 | 6.77 | 6.69 | 6.86 | 7.39 | 7.59 | 6.93 | 6.96 | 6.80 | 7.26 | 6.89 | 6.85 | 7.16 | 6.62 | 6.48 | 6.58 | 6.29 | 6.68 | 6.62 | 6.02 | 6.42 | 6.21 | 5.89 | 6.13 | 6.16 | 6.06 | 6.06 | 6.31 | 8.13 | 7.34 | 6.60 | 7.13 | 7.30 | 7.44 | 6.80 | 7.28 | 7.51 | 7.37 | 7.23 | 7.72 | 7.48 | 7.14 | 7.02 | 6.94 | 6.91 |
| Other current assets | 13.49 | 9.77 | 9.80 | 11.52 | 9.46 | 7.72 | 7.18 | 7.88 | 8.41 | 6.37 | 7.72 | 7.76 | 13.54 | 10.50 | 13.15 | 7.74 | 8.07 | 7.09 | 6.76 | 6.74 | 125.05 | 6.49 | 5.62 | 7.21 | 6.81 | 6.45 | 6.04 | 4.61 | 5.37 | 9.24 | 8.99 | 9.17 | 9.30 | 7.97 | 5.98 | 7.64 | 7.47 | 8.72 | 22.39 | 21.58 | 22.91 | 7.81 | 21.79 | 24.21 | 23.11 | 23.17 | 17.60 | 18.49 | 15.49 | 3.75 | 5.51 | 7.17 | 4.39 | 4.06 | 7.61 | 11.85 | 12.60 | 12.42 | 16.26 | 9.22 | 8.93 | 17.87 | 17.87 | 20.51 | 21.17 | 7.14 | 22.06 | 29.64 | 7.48 | 30.09 | 31.66 | 39.14 | 37.61 | 34.47 | 33.19 | 28.09 | 14.76 | 11.99 | 13.22 | 9.75 | 9.78 |
| Total current assets | 356.21 | 374.65 | 404.15 | 174.28 | 171.53 | 170.62 | 165.22 | 151.15 | 168.43 | 151.53 | 155.32 | 153.08 | 163.36 | 150.65 | 177.55 | 150.43 | 167.80 | 164.81 | 160.55 | 152.28 | 147.78 | 147.78 | 142.93 | 149.52 | 145.39 | 145.39 | 89.98 | 87.75 | 114.93 | 114.93 | 105.16 | 100.18 | 98.40 | 112.64 | 100.95 | 112.11 | 112.50 | 127.79 | 135.55 | 125.31 | 120.22 | 126.79 | 113.53 | 135.38 | 181.55 | 186.45 | 186.27 | 158.47 | 166.16 | 187.06 | 197.49 | 174.83 | 423.64 | 354.77 | 349.00 | 317.52 | 281.94 | 258.65 | 240.58 | 166.86 | 124.32 | 109.83 | 109.83 | 97.74 | 121.17 | 105.22 | 90.72 | 82.63 | 76.96 | 68.80 | 60.94 | 52.52 | 51.15 | 49.14 | 48.20 | 46.37 | 29.78 | 28.37 | 30.92 | 25.84 | 24.95 |
| Total non-current assets | 662.09 | 674.48 | 675.35 | 689.30 | 657.53 | 695.52 | 699.90 | 657.90 | 716.88 | 707.55 | 671.85 | 736.92 | 743.86 | 677.82 | 684.59 | 622.93 | 718.06 | 730.00 | 758.82 | 781.62 | 870.19 | 870.19 | 840.67 | 839.30 | 993.92 | 993.92 | 1,063.97 | 1,066.92 | 914.56 | 914.56 | 868.85 | 908.31 | 922.18 | 950.95 | 926.74 | 971.67 | 935.44 | 969.18 | 858.30 | 991.78 | 946.08 | 877.13 | 952.71 | 1,189.79 | 1,142.31 | 1,128.34 | 988.46 | 918.63 | 899.70 | 814.25 | 791.06 | 730.36 | 422.25 | 418.79 | 424.79 | 425.26 | 429.41 | 431.48 | 432.28 | 438.47 | 437.70 | 454.01 | 454.01 | 453.76 | 447.37 | 418.45 | 423.78 | 430.50 | 436.88 | 449.33 | 459.20 | 476.38 | 509.32 | 513.63 | 517.02 | 521.48 | 532.85 | 525.61 | 511.60 | 498.24 | 485.92 |
| Total assets | 1,018.30 | 1,049.13 | 1,079.50 | 863.58 | 829.06 | 866.13 | 865.12 | 809.05 | 885.32 | 859.09 | 827.17 | 890.00 | 907.22 | 828.47 | 862.15 | 773.35 | 885.85 | 894.81 | 919.37 | 933.90 | 1,017.97 | 1,017.97 | 983.60 | 988.82 | 1,139.31 | 1,139.31 | 1,153.95 | 1,154.67 | 1,029.49 | 1,029.49 | 974.02 | 1,008.49 | 1,020.58 | 1,063.58 | 1,027.69 | 1,083.78 | 1,047.94 | 1,096.97 | 993.85 | 1,117.08 | 1,066.30 | 1,003.92 | 1,066.24 | 1,325.17 | 1,323.86 | 1,314.79 | 1,174.73 | 1,077.11 | 1,065.86 | 1,001.31 | 988.54 | 905.19 | 845.88 | 773.56 | 773.79 | 742.79 | 711.35 | 690.13 | 672.86 | 605.33 | 562.03 | 563.84 | 563.84 | 551.50 | 568.54 | 523.68 | 514.50 | 513.12 | 513.84 | 518.12 | 520.14 | 528.90 | 560.47 | 562.76 | 565.21 | 567.85 | 562.63 | 553.98 | 542.52 | 524.08 | 510.87 |
| Total current liabilities | 144.32 | 156.00 | 142.96 | 126.09 | 150.31 | 147.32 | 112.05 | 105.77 | 118.28 | 111.10 | 141.61 | 121.45 | 130.81 | 134.90 | 145.70 | 138.28 | 143.14 | 143.64 | 142.83 | 141.93 | 288.45 | 288.45 | 288.19 | 301.59 | 139.82 | 139.82 | 157.59 | 149.28 | 122.99 | 122.99 | 113.48 | 117.17 | 113.23 | 135.49 | 118.51 | 118.99 | 114.86 | 120.01 | 116.16 | 125.04 | 118.05 | 117.56 | 111.99 | 126.53 | 112.64 | 114.79 | 113.03 | 111.68 | 110.76 | 112.70 | 113.01 | 121.90 | 153.83 | 128.45 | 124.29 | 133.98 | 118.43 | 106.40 | 114.87 | 120.14 | 89.04 | 90.76 | 90.76 | 85.35 | 81.63 | 80.26 | 75.53 | 75.64 | 81.37 | 87.10 | 76.32 | 75.56 | 92.68 | 92.08 | 94.57 | 97.63 | 91.78 | 90.32 | 83.08 | 81.20 | 77.61 |
| Total non-current liabilities | 354.82 | 369.71 | 356.26 | 148.21 | 138.91 | 145.86 | 151.31 | 134.10 | 148.46 | 148.66 | 128.16 | 152.20 | 155.21 | 138.01 | 171.04 | 129.33 | 155.42 | 163.47 | 177.97 | 178.48 | 164.69 | 164.69 | 157.19 | 164.68 | 383.19 | 383.19 | 394.84 | 403.02 | 336.05 | 336.05 | 332.12 | 348.58 | 355.64 | 356.76 | 397.86 | 429.05 | 418.11 | 445.02 | 416.81 | 467.53 | 456.57 | 434.99 | 466.51 | 472.06 | 480.17 | 474.45 | 422.98 | 411.95 | 411.28 | 303.65 | 310.94 | 301.25 | 292.81 | 246.68 | 248.28 | 222.97 | 228.40 | 235.64 | 233.06 | 159.67 | 161.65 | 161.84 | 161.84 | 164.32 | 172.63 | 145.89 | 146.92 | 148.74 | 148.19 | 149.83 | 160.24 | 160.37 | 165.93 | 167.61 | 166.78 | 167.83 | 169.69 | 171.45 | 172.40 | 164.88 | 163.48 |
| Total liabilities | 499.14 | 525.71 | 499.22 | 274.29 | 289.22 | 293.17 | 263.35 | 239.87 | 266.75 | 259.76 | 269.77 | 273.64 | 286.02 | 272.91 | 316.74 | 267.62 | 298.56 | 307.11 | 320.81 | 320.40 | 453.14 | 453.14 | 445.38 | 466.27 | 523.01 | 523.01 | 552.43 | 552.31 | 459.04 | 459.04 | 445.60 | 465.76 | 468.88 | 492.26 | 516.37 | 548.04 | 532.97 | 565.03 | 532.97 | 592.57 | 574.62 | 552.55 | 578.50 | 598.59 | 592.81 | 589.24 | 536.02 | 523.64 | 522.04 | 416.35 | 423.95 | 423.14 | 446.64 | 375.13 | 372.57 | 356.95 | 346.83 | 342.04 | 347.93 | 279.81 | 250.69 | 252.60 | 252.60 | 249.67 | 254.25 | 226.15 | 222.45 | 224.38 | 229.56 | 236.93 | 236.56 | 235.93 | 258.61 | 259.69 | 261.35 | 265.46 | 261.47 | 261.77 | 255.49 | 246.09 | 241.09 |
| Total stockholders' equity | 519.16 | 523.43 | 580.28 | 589.29 | 539.84 | 572.96 | 601.76 | 569.18 | 618.57 | 599.33 | 557.40 | 616.35 | 611.95 | 546.97 | 545.41 | 505.74 | 587.30 | 587.70 | 598.57 | 613.49 | 639.14 | 564.83 | 538.22 | 522.55 | 479.19 | 616.30 | 601.52 | 602.36 | 581.35 | 570.46 | 528.42 | 542.73 | 551.71 | 571.33 | 511.32 | 535.74 | 514.97 | 531.94 | 460.88 | 524.51 | 491.68 | 451.37 | 487.74 | 726.57 | 731.06 | 725.55 | 638.72 | 553.47 | 543.82 | 584.96 | 564.59 | 482.05 | 399.24 | 345.15 | 349.13 | 332.19 | 309.69 | 298.08 | 279.68 | 275.21 | 258.52 | 249.00 | 249.00 | 242.39 | 302.28 | 297.35 | 291.86 | 288.75 | 284.28 | 281.20 | 283.58 | 292.97 | 301.86 | 303.07 | 303.86 | 302.39 | 301.16 | 292.21 | 287.04 | 278.00 | 269.79 |
| Common shares outstanding | 3 | 3 | 3 | 3 | 2 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 2 | 2 | 3 | 3 | 2 | 2 | 2 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |