|
Revenues
|
|
|
|
|
|
|
|
|
|
|
|
Restaurant cost of sales
|
|
$661.0m
|
$636.5m
|
$500.9m
|
$246.7m
|
$167.5m
|
$140.3m
|
$138.0m
|
$143.4m
|
$161.3m
|
|
Selling, general and administrative
|
|
—
|
$127.2m
|
$100.2m
|
$76.4m
|
$76.0m
|
$70.6m
|
$77.0m
|
$75.7m
|
$86.8m
|
|
Gain on sale of oil and gas properties
|
|
—
|
—
|
—
|
—
|
$0
|
$0
|
($13.6m)
|
($16.7m)
|
($11.9m)
|
|
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
|
|
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) before income taxes
|
|
($8.7m)
|
($20.3m)
|
($29.3m)
|
($50.2m)
|
$42.3m
|
($43.0m)
|
$64.8m
|
($8.2m)
|
($47.7m)
|
|
Net earnings (loss)
|
|
$50.1m
|
$19.4m
|
$45.4m
|
($38.0m)
|
$35.5m
|
($32.3m)
|
$55.5m
|
($3.8m)
|
($37.5m)
|
|
Earnings (loss) attributable to noncontrolling interest
|
|
—
|
—
|
—
|
$0
|
$0
|
($287k)
|
$591k
|
$0
|
$0
|
|
Net earnings (loss) attributable to Biglari Holdings Inc. shareholders
|
|
—
|
—
|
—
|
($38.0m)
|
$35.5m
|
($32.0m)
|
$54.9m
|
($3.8m)
|
($37.5m)
|
|
Net earnings (loss) per equivalent Class share, basic (in dollars per share)
|
|
$136
|
$56
|
$158
|
($132)
|
$134
|
($129)
|
$227
|
($16)
|
($173)
|
|
Net earnings (loss) per equivalent Class share, diluted (in dollars per share)
|
|
—
|
$67
|
$132
|
($110)
|
$112
|
($107)
|
$189
|
($13)
|
($144)
|
|
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
|
|
Interest expense on leases
|
|
—
|
—
|
$7.8m
|
$6.3m
|
$6.0m
|
$5.5m
|
$5.1m
|
$5.4m
|
$5.4m
|
|
Interest expense on debt
|
|
—
|
—
|
$12.4m
|
$9.3m
|
$1.1m
|
$399k
|
$681k
|
$771k
|
$8.2m
|
|
Income tax expense (benefit)
|
|
($63.0m)
|
($2.6m)
|
$9.8m
|
($12.2m)
|
$6.8m
|
($10.7m)
|
$9.3m
|
($4.4m)
|
($10.2m)
|
|
Total cost and expenses
|
|
$839.5m
|
$813.7m
|
$671.6m
|
$444.5m
|
$341.2m
|
$331.9m
|
$322.1m
|
$329.5m
|
$376.5m
|
|
Total other income (expenses)
|
|
($13.2m)
|
$20.5m
|
$57.9m
|
($39.4m)
|
$17.4m
|
($79.3m)
|
$21.7m
|
($40.7m)
|
($66.5m)
|