← Biglari Holdings Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | $839.8m |
$809.9m
-3.56%
|
$668.8m
-17.42%
|
$433.7m
-35.16%
|
$366.1m
-15.58%
|
$368.2m
+0.58%
|
$365.3m
-0.79%
|
$362.1m
-0.88%
|
$395.3m
+9.15%
|
$405.6m
+2.62%
|
|
| Restaurant cost of sales | $661.0m |
$636.5m
-3.72%
|
$500.9m
-21.29%
|
$246.7m
-50.76%
|
$167.5m
-32.10%
|
$140.3m
-16.26%
|
$138.0m
-1.62%
|
$143.4m
+3.96%
|
$161.3m
+12.46%
|
— | |
| Gross Profit | $178.8m |
$173.4m
-2.98%
|
$167.9m
-3.20%
|
$187.0m
+11.40%
|
$198.6m
+6.20%
|
$228.0m
+14.78%
|
$227.3m
-0.28%
|
$218.7m
-3.81%
|
$233.9m
+6.99%
|
$158.7m
-32.15%
|
|
| Selling, general and administrative | — | $127.2m | $100.2m | $76.4m | $76.0m | $70.6m | $77.0m | $75.7m | $86.8m | $93.7m | |
| Interest expense on leases | — | — | $7.8m | $6.3m | $6.0m | $5.5m | $5.1m | $5.4m | $5.4m | $23.3m | |
| Interest expense on debt | — | — | $12.4m | $9.3m | $1.1m | $399k | $681k | $771k | $8.2m | $23.3m | |
| Gain on sale of oil and gas properties | — | — | — | — | $0 | $0 | ($13.6m) | ($16.7m) | ($11.9m) | — | |
| Total other income (expenses) | ($13.2m) | $20.5m | $57.9m | ($39.4m) | $17.4m | ($79.3m) | $21.7m | ($40.7m) | ($66.5m) | — | |
| Earnings (loss) before income taxes | ($8.7m) | ($20.3m) | ($29.3m) | ($50.2m) | $42.3m | ($43.0m) | $64.8m | ($8.2m) | ($47.7m) | — | |
| Income tax expense (benefit) | ($63.0m) | ($2.6m) | $9.8m | ($12.2m) | $6.8m | ($10.7m) | $9.3m | ($4.4m) | ($10.2m) | ($9.1m) | |
| Net earnings (loss) | $50.1m |
$19.4m
-61.27%
|
$45.4m
+134.01%
|
($38.0m)
-183.71%
|
$35.5m
+193.39%
|
($32.3m)
-191.06%
|
$55.5m
+271.92%
|
($3.8m)
-106.77%
|
($37.5m)
-897.29%
|
($29.7m)
+20.64%
|
|
| Net earnings (loss) per equivalent Class share, basic (in dollars per share) | $136 | $56 | $158 | ($132) | $134 | ($129) | $227 | ($16) | ($173) | ($29.7m) | |
| Net earnings (loss) per equivalent Class share, diluted (in dollars per share) | — | $67 | $132 | ($110) | $112 | ($107) | $189 | ($13) | ($144) | ($29.7m) | |
| Net earnings (loss) attributable to Biglari Holdings Inc. shareholders | — | — | — | ($38.0m) | $35.5m | ($32.0m) | $54.9m | ($3.8m) | ($37.5m) | ($29.7m) | |
| Insurance losses and underwriting expenses | $19.7m | $20.8m | $22.3m | $39.2m | $43.1m | $54.6m | $52.8m | $61.4m | $62.9m | — | |
| Oil and gas production costs | $0 | $0 | $7.3m | $8.7m | $10.5m | $17.8m | $17.4m | $16.6m | $12.5m | — | |
| Licensing and media costs | $6.5m | $4.2m | $3.2m | $2.2m | $2.3m | $2.7m | $1.8m | $2.0m | $9.0m | — | |
| Impairments | $1.8m | $5.7m | $8.2m | $23.6m | $4.6m | $3.5m | $3.9m | $1.1m | $1.3m | — | |
| Depreciation, depletion, and amortization | $20.6m | $18.8m | $21.2m | $32.2m | $30.1m | $36.4m | $39.0m | $39.8m | $40.8m | $41.1m | |
| Investment gains | — | $0 | $0 | $3.6m | $6.4m | ($3.4m) | $2.2m | $335k | $528k | — | |
| Investment partnership gains (losses) | — | $40.4m | $78.1m | ($43.0m) | $11.0m | ($76.0m) | $19.4m | ($41.1m) | ($67.0m) | — | |
| Earnings (loss) attributable to noncontrolling interest | — | — | — | $0 | $0 | ($287k) | $591k | $0 | $0 | — | |
| Total cost and expenses | $839.5m | $813.7m | $671.6m | $444.5m | $341.2m | $331.9m | $322.1m | $329.5m | $376.5m | — |