Summary and Analysis by Chapter

Chapter 18: The Return Journey

Bilbo regains consciousness and is carried to Thorin, who is dying after having been wounded in the battle. He finds that the eagles have routed the Goblins from the Mountain and that Beorn, too, has come to their aid.

Thorin is buried with the Arkenstone and Orcrist; Kili and Fili, who also died in battle, are buried, too.

One-fourteenth of the hoard is given to Bard and some is given to Bilbo. Bilbo leaves with Gandalf, Elvenking, and Beorn and spends yuletide with Beorn, staying with him till spring.

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