BIGLARI HOLDINGS INC. (BH-A) FY2026 YTD Q2 Statement of Cash Flows
2026-01-01 to 2026-06-30
Statement of Cash Flows
2026-01-01 to 2026-06-30
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Chart details
BIGLARI HOLDINGS INC. cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026
Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Dec 31, 2025
- 269,493,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- 35,280,000 US dollars. Net cash provided.
- Net earnings (loss)
- 25,395,000 US dollars
- Depreciation, depletion, and amortization
- 20,806,000 US dollars
- Provision for deferred income taxes
- 5,202,000 US dollars
- Asset impairments and other non-cash expenses
- 528,000 US dollars
- Gains on sale of assets
- negative 4,878,000 US dollars
- Investment and investment partnership gains and losses
- negative 30,604,000 US dollars
- Return on partnership investments
- 13,020,000 US dollars
- Changes in receivables, inventories and other assets
- negative 2,210,000 US dollars
- Changes in accounts payable and accrued expenses
- 8,021,000 US dollars
- Investing activities
- negative 238,366,000 US dollars. Net cash used.
- Capital expenditures
- negative 13,632,000 US dollars
- Proceeds from property and equipment disposals
- 6,132,000 US dollars
- Purchases of interests in limited partnerships
- negative 63,530,000 US dollars
- Return of partnership investments
- 28,600,000 US dollars
- Purchases of investments
- negative 254,272,000 US dollars
- Sales of investments and redemptions of fixed maturity securities
- 58,336,000 US dollars
- Financing activities
- 2,716,000 US dollars. Net cash provided.
- Proceeds from line of credit
- 1,250,000 US dollars
- Payments on line of credit
- negative 6,000,000 US dollars
- Debt issuance costs
- negative 375,000 US dollars
- Payments on note payable
- negative 3,938,000 US dollars
- Proceeds from issuance of common stock
- 14,920,000 US dollars
- Principal payments on direct financing lease obligations
- negative 3,141,000 US dollars
- Operating adjustment reconciliation
- 47,577,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- financing gross reconciliation
- 16,170,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- investing gross reconciliation
- 331,434,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- Exchange-rate effect
- negative 18,000 US dollars
- Ending cash on Jun 30, 2026
- 69,105,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 307,489,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- negative 200,388,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- 1.39×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
- Operating cash flow
- 35,280,000 US dollars. Operating cash flow used in the free cash flow calculation.
- Cash purchases of property, plant and equipment
- 13,632,000 US dollars. These cash purchases are already included in investing activities above.
- Free cash flow
- 21,648,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.
Chart connections
- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $9.89M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 35,280,000 US dollars minus 13,632,000 US dollars equals 21,648,000 US dollars.
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