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Biglari Holdings Inc.
CIK:0001726173|SEC Filings
CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Revenues | ||||||
| Total revenues | $ 108,524 | $ 100,619 | $ 206,005 | $ 195,654 | ||
| Costs and expenses | ||||||
| Restaurant cost of sales | 41,127 | 40,039 | 78,592 | 77,797 | ||
| Insurance losses and underwriting expenses | 15,133 | 15,932 | 29,955 | 32,984 | ||
| Oil and gas production costs | 4,147 | 2,880 | 8,071 | 6,926 | ||
| Licensing and media costs | 3,335 | 2,421 | 6,209 | 4,072 | ||
| Selling, general and administrative | 26,230 | 22,853 | 51,102 | 44,220 | ||
| Gain on sale of oil and gas properties | (4,803) | (794) | (4,803) | (10,117) | ||
| Impairments | 0 | 1,251 | 0 | 1,251 | ||
| Depreciation, depletion, and amortization | 10,149 | 10,272 | 20,806 | 20,529 | ||
| Interest expense on leases | 1,400 | 1,240 | 2,757 | 2,573 | ||
| Interest expense on borrowings | 5,532 | 852 | 11,183 | 1,752 | ||
| Total costs and expenses | 102,250 | 96,946 | 203,872 | 181,987 | ||
| Other income | ||||||
| Investment gains (losses) | 9,708 | 2,925 | 8,421 | 1,340 | ||
| Investment partnership gains (losses) | 35,637 | 58,504 | 22,183 | 8,912 | ||
| Total other income (expenses) | 45,345 | 61,429 | 30,604 | 10,252 | ||
| Earnings (loss) before income taxes | 51,619 | 65,102 | 32,737 | 23,919 | ||
| Income tax expense (benefit) | 11,693 | 14,171 | 7,342 | 6,263 | ||
| Net earnings (loss) | 39,926 | 50,931 | 25,395 | 17,656 | ||
| Restaurant operations | ||||||
| Revenues | ||||||
| Total revenues | 74,727 | 72,011 | 140,873 | 136,360 | ||
| Insurance premiums and other | ||||||
| Revenues | ||||||
| Total revenues | 19,030 | 18,823 | 37,968 | 38,172 | ||
| Oil and gas | ||||||
| Revenues | ||||||
| Total revenues | 11,260 | 7,498 | 20,396 | 17,428 | ||
| Licensing and media | ||||||
| Revenues | ||||||
| Total revenues | $ 3,507 | $ 2,287 | $ 6,768 | $ 3,694 | ||
| Common Class A | ||||||
| Other income | ||||||
| Net earnings (loss) per average equivalent Class A share, basic (in dollars per share) | [1] | $ 158.17 | $ 194.57 | $ 99.78 | $ 67.26 | |
| Net earnings (loss) per average equivalent Class A share, diluted (in dollars per share) | [1] | $ 158.17 | $ 194.57 | $ 99.78 | $ 67.26 | |
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