Biglari (BH_A) - 2023 Q2 - Quarterly Report

Corporate expenses exclude the activities of the restaurant, insurance, brand licensing, and oil and gas businesses. Corporate and other net losses increased during the second quarter and first six months of 2023 compared to the same periods in 2022 primarily because of recording a non-cash write down of a receivable of $1,000 and accruing for incentive fees. Consolidated cash and investments are summarized below. Table of Contents In 2023, cash from operating activities decreased by $2,686 as compared to 2 ...