| Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
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Cash and cash equivalents | - | - | 25 | 42 | 37 | 28 |
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Investments | - | - | 95 | 83 | 69 | 92 |
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Receivables | - | - | 19 | 29 | 29 | 22 |
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Inventories | - | - | 3 | 4 | 4 | 3 |
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Other current assets | - | - | 6 | 7 | 10 | 7 |
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Total current assets | - | - | 148 | 165 | 151 | 153 |
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Property and equipment | - | - | 316 | 349 | 401 | 380 |
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Operating lease assets | - | - | 43 | 43 | 35 | 32 |
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Goodwill | - | - | 54 | 54 | 54 | 54 |
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Other intangible assets | - | - | 24 | 23 | 23 | 23 |
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Investment partnerships | - | - | 420 | 250 | 156 | 199 |
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Other assets | - | - | 14 | 11 | 10 | 8 |
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Total assets | - | - | 1,018 | 895 | 828 | 849 |
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Accounts payable and accrued expenses | - | - | - | 100 | 79 | 67 |
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Loss Reserves Payable, Current | - | - | - | 15 | 17 | 15 |
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Unearned premiums | - | - | - | 12 | 12 | 14 |
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Current portion of lease obligations | - | - | - | 17 | 17 | 15 |
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Line of credit | - | - | 159 | - | 10 | - |
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Total current liabilities | - | - | 288 | 144 | 135 | 111 |
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Lease obligations | - | - | - | 104 | 92 | 86 |
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Deferred taxes | - | - | 41 | 47 | 31 | 38 |
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Asset retirement obligations | - | - | 10 | 10 | 14 | 14 |
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Other liabilities | - | - | 2 | 2 | 1 | 0 |
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Total liabilities | - | - | 453 | 307 | 273 | 250 |
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Common stock | - | - | 1 | 1 | 1 | 1 |
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Additional paid-in capital | - | - | 382 | 382 | 382 | 386 |
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Retained earnings | - | - | 573 | 609 | 577 | 631 |
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Accumulated other comprehensive loss | - | - | -2 | -2 | -3 | -3 |
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Treasury stock, at cost | - | - | 390 | 402 | 410 | - |
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Treasury stock, at cost | - | - | - | - | - | 416 |
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Biglari Holdings Inc. shareholders’ equity | 570 | 616 | 565 | 588 | 556 | 599 |
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Noncontrolling interests | - | - | - | - | 9 | - |
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Total shareholders’ equity | - | - | - | - | 556 | 599 |
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Total liabilities and shareholders’ equity | - | - | 1,018 | 895 | 828 | 849 |
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