BH: Biglari Holdings Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Biglari Holdings Inc (BH).
$578.64M Market Cap.
BH Market Cap. (MRY)
BH Shares Outstanding (MRY)
BH Assets (MRY)
Total Assets
$866.13M
Total Liabilities
$293.17M
Total Investments
$304.70M
BH Income (MRY)
Revenue
$362.11M
Net Income
-$3.76M
Operating Expense
$99.92M
BH Cash Flow (MRY)
CF Operations
$49.66M
CF Investing
-$87.39M
CF Financing
$39.48M
BH Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $866,133,000 (1.97%) | $849,422,000 (2.53%) | $828,474,000 (-7.41%) | $894,807,000 (-12.10%) |
Assets Current | $170,615,000 (11.84%) | $152,551,000 (1.26%) | $150,654,000 (-8.59%) | $164,809,000 (11.52%) |
Assets Non-Current | $695,518,000 (-0.19%) | $696,871,000 (2.81%) | $677,820,000 (-7.15%) | $729,998,000 (-16.11%) |
Goodwill & Intangible Assets | $75,316,000 (-1.88%) | $76,760,000 (0.27%) | $76,550,000 (-0.60%) | $77,010,000 (-0.84%) |
Shareholders Equity | $572,961,000 (-4.40%) | $599,330,000 (9.57%) | $546,966,000 (-6.93%) | $587,696,000 (4.05%) |
Property Plant & Equipment Net | $410,166,000 (-0.62%) | $412,706,000 (-5.23%) | $435,464,000 (11.12%) | $391,889,000 (9.18%) |
Cash & Equivalents | $30,709,000 (9.42%) | $28,066,000 (-25.09%) | $37,467,000 (-11.53%) | $42,349,000 (72.83%) |
Accumulated Other Comprehensive Income | -$2,872,000 (-14.06%) | -$2,518,000 (9.75%) | -$2,790,000 (-46.30%) | -$1,907,000 (-24.56%) |
Deferred Revenue | $17,236,000 (20.25%) | $14,334,000 (14.72%) | $12,495,000 (7.10%) | $11,667,000 (-12.13%) |
Total Investments | $304,702,000 (4.72%) | $290,982,000 (29.18%) | $225,260,000 (-32.45%) | $333,460,000 (-35.18%) |
Investments Current | $102,975,000 (12.08%) | $91,879,000 (32.26%) | $69,466,000 (-16.37%) | $83,061,000 (-12.44%) |
Investments Non-Current | $201,727,000 (1.32%) | $199,103,000 (27.80%) | $155,794,000 (-37.78%) | $250,399,000 (-40.32%) |
Inventory | $4,031,000 (35.27%) | $2,980,000 (-22.62%) | $3,851,000 (1.26%) | $3,803,000 (38.95%) |
Trade & Non-Trade Receivables | $25,184,000 (13.23%) | $22,241,000 (-24.29%) | $29,375,000 (3.04%) | $28,508,000 (48.60%) |
Trade & Non-Trade Payables | $63,381,000 (-5.04%) | $66,743,000 (-15.10%) | $78,616,000 (-22.91%) | $101,975,000 (12.19%) |
Accumulated Retained Earnings (Deficit) | $627,699,000 (-0.60%) | $631,458,000 (9.53%) | $576,510,000 (-5.26%) | $608,528,000 (6.19%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $29,393,000 (-22.53%) | $37,939,000 (21.04%) | $31,343,000 (-32.64%) | $46,533,000 (12.55%) |
Total Debt | $150,188,000 (48.34%) | $101,244,000 (-14.80%) | $118,825,000 (-2.10%) | $121,377,000 (-56.85%) |
Debt Current | $49,449,000 (232.88%) | $14,855,000 (-44.94%) | $26,981,000 (59.67%) | $16,898,000 (-90.04%) |
Debt Non-Current | $100,739,000 (16.61%) | $86,389,000 (-5.94%) | $91,844,000 (-12.09%) | $104,479,000 (-6.42%) |
Total Liabilities | $293,172,000 (17.23%) | $250,092,000 (-8.36%) | $272,906,000 (-11.14%) | $307,111,000 (-32.23%) |
Liabilities Current | $147,316,000 (32.60%) | $111,100,000 (-17.64%) | $134,897,000 (-6.09%) | $143,641,000 (-50.20%) |
Liabilities Non-Current | $145,856,000 (4.94%) | $138,992,000 (0.71%) | $138,009,000 (-15.58%) | $163,470,000 (-0.74%) |
BH Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $362,114,000 (-0.88%) | $365,318,000 (-0.79%) | $368,231,000 (0.58%) | $366,106,000 (-15.58%) |
Cost of Revenue | $223,492,000 (6.44%) | $209,962,000 (-2.55%) | $215,449,000 (-3.53%) | $223,330,000 (-24.74%) |
Selling General & Administrative Expense | $75,671,000 (-1.73%) | $77,002,000 (9.06%) | $70,608,000 (-7.12%) | $76,018,000 (-0.45%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $99,921,000 (-6.06%) | $106,365,000 (-3.80%) | $110,571,000 (-0.12%) | $110,703,000 (-16.28%) |
Interest Expense | $6,132,000 (5.82%) | $5,795,000 (-1.65%) | $5,892,000 (-17.71%) | $7,160,000 (-53.91%) |
Income Tax Expense | -$4,395,000 (-147.22%) | $9,308,000 (186.81%) | -$10,722,000 (-257.93%) | $6,789,000 (155.59%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | -$3,759,000 (-106.77%) | $55,539,000 (271.92%) | -$32,305,000 (-191.06%) | $35,478,000 (193.39%) |
Net Income to Non-Controlling Interests | $0 (0%) | $591,000 (305.92%) | -$287,000 (0%) | $0 (0%) |
Net Income | -$3,759,000 (-106.84%) | $54,948,000 (271.62%) | -$32,018,000 (-190.25%) | $35,478,000 (193.39%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | -$3,759,000 (-106.84%) | $54,948,000 (271.62%) | -$32,018,000 (-190.25%) | $35,478,000 (193.39%) |
Weighted Average Shares | $2,275,504 (0.00%) | $2,275,504 (0.00%) | $2,275,504 (0.00%) | $2,275,504 (0.00%) |
Weighted Average Shares Diluted | - | - | - | - |
Earning Before Interest & Taxes (EBIT) | -$2,022,000 (-102.89%) | $70,051,000 (290.11%) | -$36,848,000 (-174.55%) | $49,427,000 (242.58%) |
Gross Profit | $138,622,000 (-10.77%) | $155,356,000 (1.68%) | $152,782,000 (7.01%) | $142,776,000 (4.25%) |
Operating Income | $38,701,000 (-21.00%) | $48,991,000 (16.06%) | $42,211,000 (31.61%) | $32,073,000 (579.08%) |
BH Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$87,388,000 (-32.25%) | -$66,080,000 (51.63%) | -$136,605,000 (-133.41%) | -$58,525,000 (54.80%) |
Net Cash Flow from Financing | $39,484,000 (344.76%) | -$16,132,000 (-517.93%) | $3,860,000 (102.47%) | -$156,157,000 (-436.46%) |
Net Cash Flow from Operations | $49,660,000 (-31.97%) | $73,002,000 (-42.89%) | $127,825,000 (-44.12%) | $228,767,000 (94.60%) |
Net Cash Flow / Change in Cash & Cash Equivalents | $1,778,000 (119.43%) | -$9,151,000 (-87.44%) | -$4,882,000 (-134.82%) | $14,021,000 (134.17%) |
Net Cash Flow - Business Acquisitions and Disposals | -$75,938,000 (-68.64%) | -$45,030,000 (57.85%) | -$106,843,000 (-768.64%) | -$12,300,000 (88.43%) |
Net Cash Flow - Investment Acquisitions and Disposals | -$9,994,000 (55.13%) | -$22,272,000 (-317.55%) | -$5,334,000 (-164.87%) | $8,223,000 (219.47%) |
Capital Expenditure | -$1,456,000 (-219.15%) | $1,222,000 (105.00%) | -$24,428,000 (55.14%) | -$54,448,000 (-234.30%) |
Issuance (Repayment) of Debt Securities | $39,484,000 (344.76%) | -$16,132,000 (-517.93%) | $3,860,000 (102.47%) | -$156,157,000 (-436.46%) |
Issuance (Purchase) of Equity Shares | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Payment of Dividends & Other Cash Distributions | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | $22,000 (-62.71%) | $59,000 (55.26%) | $38,000 (159.38%) | -$64,000 (-740.00%) |
Share Based Compensation | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Depreciation Amortization & Accretion | $39,843,000 (2.22%) | $38,979,000 (6.96%) | $36,443,000 (21.27%) | $30,050,000 (-6.74%) |
BH Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 38.30% (-9.88%) | 42.50% (2.41%) | 41.50% (6.41%) | 39.00% (23.42%) |
Profit Margin | -1.00% (-106.67%) | 15.00% (272.41%) | -8.70% (-189.69%) | 9.70% (210.23%) |
EBITDA Margin | 10.40% (-65.10%) | 29.80% (29900.00%) | -0.10% (-100.46%) | 21.70% (3716.67%) |
Return on Average Equity (ROAE) | -0.60% (-106.52%) | 9.20% (255.93%) | -5.90% (-201.72%) | 5.80% (180.56%) |
Return on Average Assets (ROAA) | -0.40% (-106.35%) | 6.30% (265.79%) | -3.80% (-200.00%) | 3.80% (197.44%) |
Return on Sales (ROS) | -0.60% (-103.13%) | 19.20% (292.00%) | -10.00% (-174.07%) | 13.50% (268.75%) |
Return on Invested Capital (ROIC) | -0.30% (-103.19%) | 9.40% (277.36%) | -5.30% (-185.48%) | 6.20% (255.00%) |
Dividend Yield | 0% (0%) | 0% (0%) | 0% (0%) | 0% (0%) |
Price to Earnings Ratio (P/E) | -18.91 (-2273.10%) | 0.87 (167.34%) | -1.29 (-201.33%) | 1.27 (226.24%) |
Price to Sales Ratio (P/S) | 1.6 (55.60%) | 1.03 (19.70%) | 0.86 (-3.16%) | 0.89 (51.97%) |
Price to Book Ratio (P/B) | 1.01 (61.34%) | 0.63 (8.49%) | 0.58 (4.53%) | 0.55 (23.21%) |
Debt to Equity Ratio (D/E) | 0.51 (22.78%) | 0.42 (-16.43%) | 0.5 (-4.59%) | 0.52 (-34.79%) |
Earnings Per Share (EPS) | -13.45 (-107.10%) | 189.49 (276.38%) | -107.43 (-196.07%) | 111.83 (201.62%) |
Sales Per Share (SPS) | 159.14 (-0.88%) | 160.54 (-0.79%) | 161.82 (0.58%) | 160.89 (-15.58%) |
Free Cash Flow Per Share (FCFPS) | 21.18 (-35.06%) | 32.62 (-28.21%) | 45.44 (-40.69%) | 76.61 (72.14%) |
Book Value Per Share (BVPS) | 251.79 (-4.40%) | 263.38 (9.57%) | 240.37 (-6.93%) | 258.27 (4.05%) |
Tangible Assets Book Value Per Share (TABVPS) | 347.54 (2.35%) | 339.56 (2.76%) | 330.44 (-8.05%) | 359.39 (-13.03%) |
Enterprise Value Over EBIT (EV/EBIT) | -328 (-4785.71%) | 7 (163.64%) | -11 (-222.22%) | 9 (160.00%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 17.56 (312.67%) | 4.25 (100.44%) | -973.01 (-18434.56%) | 5.31 (102.56%) |
Asset Turnover | 0.42 (0.48%) | 0.42 (-4.32%) | 0.44 (11.39%) | 0.4 (-10.43%) |
Current Ratio | 1.16 (-15.66%) | 1.37 (22.92%) | 1.12 (-2.62%) | 1.15 (124.02%) |
Dividends | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Free Cash Flow (FCF) | $48,204,000 (-35.06%) | $74,224,000 (-28.21%) | $103,397,000 (-40.69%) | $174,319,000 (72.13%) |
Enterprise Value (EV) | $664,094,912 (43.14%) | $463,958,875 (17.73%) | $394,070,955 (-6.57%) | $421,802,605 (-16.66%) |
Earnings Before Tax (EBT) | -$8,154,000 (-112.69%) | $64,256,000 (250.34%) | -$42,740,000 (-201.12%) | $42,267,000 (184.20%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $37,821,000 (-65.31%) | $109,030,000 (27020.99%) | -$405,000 (-100.51%) | $79,477,000 (3353.25%) |
Invested Capital | $762,980,000 (3.84%) | $734,740,000 (5.21%) | $698,385,000 (-7.28%) | $753,184,000 (-17.11%) |
Working Capital | $23,299,000 (-43.79%) | $41,451,000 (163.06%) | $15,757,000 (-25.56%) | $21,168,000 (115.05%) |
Tangible Asset Value | $790,817,000 (2.35%) | $772,662,000 (2.76%) | $751,924,000 (-8.05%) | $817,797,000 (-13.03%) |
Market Capitalization | $578,637,912 (54.18%) | $375,298,875 (18.83%) | $315,839,955 (-2.64%) | $324,418,605 (28.21%) |
Average Equity | $590,618,750 (-0.95%) | $596,258,250 (9.58%) | $544,121,000 (-10.76%) | $609,723,500 (15.87%) |
Average Assets | $856,404,750 (-1.39%) | $868,452,000 (3.70%) | $837,456,250 (-9.66%) | $926,989,750 (-5.84%) |
Invested Capital Average | $749,039,000 (0.70%) | $743,830,000 (6.64%) | $697,504,250 (-12.86%) | $800,406,750 (-8.16%) |
Shares | 2,275,504 (0.00%) | 2,275,504 (0.00%) | 2,275,504 (0.00%) | 2,275,504 (0.00%) |
