Biglari Holdings reported cash from operations of $14.95M and free cash flow of $8.28M for the quarter ended Jun 2026, down 64.5% year over year. This cash flow statement covers 38 quarters of results from Mar 2017 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Cash Flow Statement | Mar2017 | Jun2017 | Sep2017 | Dec2017 | Mar2018 | Jun2018 | Sep2018 | Dec2018 | Mar2019 | Jun2019 | Sep2019 | Dec2019 | Mar2020 | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||||||||||
| Net Income | -10.67M | -4.82M | -0.30M | -73.78M | 32.04M | 9.73M | 65.54M | 1.88M | -56.51M | 44.64M | 22.58M | -48.19M | 32.12M | -10.27M | -33.27M | 50.93M | -5.29M | -49.85M | -14.53M | 39.93M | ||||||||||||||||||
| Share-based CompensationStock Comp. | ||||||||||||||||||||||||||||||||||||||
| Deferred Taxes | -2.97M | -21.89M | -4.75M | -23.94M | 6.40M | 37.87M | -18.45M | 1.61M | 22.77M | -12.50M | -3.88M | 15.53M | -8.90M | 5.73M | 9.16M | -20.41M | 12.67M | 10.07M | -3.50M | -1.70M | ||||||||||||||||||
| Asset Writedowns and ImpairmentWritedown | 4.08M | 0.02M | 3.50M | 0.78M | 0.85M | 0.75M | 1.57M | 0.11M | 1.00M | 1.25M | 0.24M | 0.27M | 0.25M | |||||||||||||||||||||||||
| Cash from OperationsCash from Ops. | 24.04M | 17.52M | 21.09M | 13.11M | 65.55M | 28.07M | 19.92M | 11.60M | 17.16M | 24.33M | 19.12M | 1.78M | 10.76M | 18.00M | 15.79M | 42.15M | 31.25M | 17.77M | 20.33M | 14.95M | ||||||||||||||||||
| Depreciation, Depletion & Amortization | ||||||||||||||||||||||||||||||||||||||
| Depreciation & Amortization (CF)Dep. & Amort. | 7.68M | 7.81M | 7.87M | 7.80M | 8.46M | 12.32M | 9.94M | 10.09M | 9.61M | 9.33M | 10.05M | 9.12M | 10.59M | 10.08M | 10.26M | 10.27M | 9.54M | 10.71M | 10.66M | 10.15M | ||||||||||||||||||
| Change in Working Capital | ||||||||||||||||||||||||||||||||||||||
| Change in ReceivablesChange Receivables | -1.57M | -4.63M | 3.34M | -5.95M | -2.01M | -2.98M | -0.45M | 3.74M | ||||||||||||||||||||||||||||||
| Change in InventoryChange Inventory | ||||||||||||||||||||||||||||||||||||||
| Change in Accured ExpensesChange Accured Exp. | -1.71M | 9.29M | 2.83M | -2.42M | -4.45M | -20.55M | 1.03M | -7.14M | 5.51M | -11.63M | 8.89M | -12.53M | 5.04M | -1.03M | 4.25M | -11.27M | 12.40M | 4.78M | -5.05M | 13.07M | ||||||||||||||||||
| Investing Activities | ||||||||||||||||||||||||||||||||||||||
| Capital ExpendituresCapex | 19.65M | 18.06M | 9.29M | 7.12M | 7.02M | 6.31M | 5.93M | 4.63M | 6.35M | 6.50M | 4.60M | 11.83M | 7.07M | 7.10M | 7.30M | 2.70M | 8.95M | 11.40M | 6.97M | 6.67M | ||||||||||||||||||
| Sales of Property, Plant and EquipmentPP&E (Sale) | 7.35M | 0.11M | 2.09M | 3.12M | 2.14M | 7.53M | 10.73M | 4.22M | 0.92M | 20.90M | 3.59M | 3.73M | 9.56M | 2.92M | 5.49M | 3.01M | 0.14M | 5.99M | ||||||||||||||||||||
| Acquisitions | 54.90M | 3.38M | -5.39M | |||||||||||||||||||||||||||||||||||
| Divestments | ||||||||||||||||||||||||||||||||||||||
| Change in Acquisitions & DivestmentsChange Acquisitions | 18.50M | 43.74M | 46.19M | 34.82M | 27.38M | 20.72M | 21.01M | 24.82M | 19.89M | 25.26M | 17.27M | 23.83M | 8.75M | 7.60M | 13.61M | 18.30M | 26.21M | 32.74M | 7.23M | 51.11M | ||||||||||||||||||
| Cash from Investing ActivitiesCash from Investing | -22.94M | -2.74M | -16.08M | -16.74M | -69.64M | -34.14M | -12.73M | -15.74M | -27.75M | -9.85M | -11.24M | -8.34M | -15.33M | -52.47M | -19.89M | -7.27M | -9.04M | -29.27M | -95.14M | -143.22M | ||||||||||||||||||
| Financing Activities | ||||||||||||||||||||||||||||||||||||||
| Other financing activitiesOther financing | ||||||||||||||||||||||||||||||||||||||
| Cash from Financing ActivitiesCash from Financing | -1.45M | -1.57M | -1.56M | -1.57M | 28.49M | -21.49M | -5.05M | -4.43M | 13.86M | -20.51M | -1.40M | -1.29M | 7.56M | 34.62M | 2.00M | -30.78M | 217.50M | 7.81M | 6.06M | -3.34M | ||||||||||||||||||
| Change in Capital Stock | ||||||||||||||||||||||||||||||||||||||
| Net Equity Issued and RepurchasedNet Equity Issued | 14.92M | |||||||||||||||||||||||||||||||||||||
| Additional items | ||||||||||||||||||||||||||||||||||||||
| Exchange Rate EffectFX Effect | -0.06M | 0.02M | -0.02M | -0.07M | -0.06M | 0.19M | 0.01M | 0.09M | -0.15M | 0.12M | -0.01M | 0.00M | -0.04M | 0.06M | 0.04M | 0.00M | 0.01M | -0.01M | 0.05M | -0.07M | ||||||||||||||||||
| Change in Cash | -0.42M | 13.23M | 3.43M | -5.26M | 24.33M | -27.38M | 2.15M | -8.48M | 3.11M | -5.93M | 6.47M | -7.84M | 2.95M | 0.20M | -2.06M | 4.10M | 239.72M | -3.70M | -68.71M | -131.68M | ||||||||||||||||||
| Free Cash FlowFCF | 4.39M | -0.54M | 11.80M | 5.99M | 58.53M | 21.76M | 13.99M | 6.97M | 10.80M | 17.83M | 14.53M | -10.05M | 3.69M | 10.90M | 8.49M | 39.44M | 22.30M | 6.37M | 13.37M | 8.28M | ||||||||||||||||||
| Net Cash FlowNCF | -0.36M | 13.21M | 3.45M | -5.20M | 24.39M | -27.56M | 2.14M | -8.57M | 3.27M | -6.04M | 6.48M | -7.85M | 2.98M | 0.14M | -2.10M | 4.10M | 239.71M | -3.69M | -68.75M | -131.62M |