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Biglari Holdings Inc. (BH)

Income Statement Business | Product

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16
   10-K10-K10-K10-K10-K10-K/A10-K/A
Revenues:  
    Operating Businesses  4.63.24.128.5803.3  
    Southern Pioneer  24.021.919.0    
    Other  339.6341.0410.6640.36.6  
Total revenues  368.2366.1433.7668.8809.9  
            Revenue growth   [+]0.6%-15.6%-35.2%-17.4%   
Cost of goods sold  140.3167.5246.7500.9636.5  
Gross profit  228.0198.6187.0167.9173.4  
            Gross margin  61.9%54.3%43.1%25.1%21.4%  
Selling, general and administrative   [+]70.676.076.4100.2127.2  
Equity in earnings  -76.011.0-43.078.140.4  
Other operating expenses  8.580.420.6142.465.4  
EBITDA   [+]72.953.247.03.521.2  
            EBITDA margin  19.8%14.5%10.8%0.5%2.6%  
Depreciation  36.430.132.229.018.8  
EBITA  36.423.114.8-25.52.5  
            EBITA margin  9.9%6.3%3.4%-3.8%0.3%  
Amortization of intangibles     0.50.6  
EBIT   [+]36.423.114.8-26.11.9  
            EBIT margin  9.9%6.3%3.4%-3.9%0.2%  
Non-recurring items   [+]3.54.623.68.25.7  
Interest expense, net   [+]-3.0-5.35.61.219.9  
Other income (expense), net  -78.918.5-35.790.640.4  
Pre-tax income  -43.042.3-50.255.116.8  
Income taxes  -10.76.8-12.29.8-2.6  
            Tax rate  24.9%16.1%24.3%17.7%   
Minority interest  -0.3      
Net income  -32.035.5-38.045.419.4  
            Net margin  -8.7%9.7%-8.8%6.8%2.4%  
   
Basic EPS   [+]($107.43)$111.83($110.05)$131.64$55.71  
Diluted EPS   [+]($107.43)$111.83($110.05)$131.64$55.71  
   
Shares outstanding (basic)   [+]0.30.30.30.30.3  
Shares outstanding (diluted)   [+]0.30.30.30.30.3  
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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