BRK-A · As filed with the SEC
Berkshire Hathaway cash flow statement, by fiscal year
The statement as Berkshire Hathaway presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statements of Cash Flows · USD
| USD | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net earnings | 67,260,000,000 | 89,561,000,000 | 97,147,000,000 | (22,058,000,000) |
| Adjustments to reconcile net earnings to operating cash flows: | ||||
| Investment (gains) losses | (39,078,000,000) | (52,799,000,000) | (74,855,000,000) | 67,623,000,000 |
| Depreciation and amortization | 13,476,000,000 | 12,855,000,000 | 12,486,000,000 | 10,899,000,000 |
| Discount accretion on investments, principally U.S. Treasury Bills | (11,964,000,000) | (11,349,000,000) | — | — |
| Equity method investment impairment losses | 10,681,000,000 | — | — | — |
| Other | 3,239,000,000 | (892,000,000) | (6,023,000,000) | (4,324,000,000) |
| Changes in operating assets and liabilities: | ||||
| Unpaid losses and loss adjustment expenses | 3,088,000,000 | 2,173,000,000 | 2,628,000,000 | 4,057,000,000 |
| Deferred charges - retroactive reinsurance | 693,000,000 | 698,000,000 | 375,000,000 | 769,000,000 |
| Unearned insurance premiums | 432,000,000 | 376,000,000 | 1,854,000,000 | 1,861,000,000 |
| Receivables and originated loans | (2,426,000,000) | 626,000,000 | (1,949,000,000) | (5,592,000,000) |
| Inventories | — | 591,000,000 | 1,426,000,000 | (4,779,000,000) |
| Other assets | (861,000,000) | (797,000,000) | (1,328,000,000) | (373,000,000) |
| Other liabilities | 429,000,000 | (2,288,000,000) | 2,570,000,000 | 2,033,000,000 |
| Income taxes | 1,000,000,000 | (8,163,000,000) | 14,865,000,000 | (12,892,000,000) |
| Net cash flows from operating activities | 45,969,000,000 | 30,592,000,000 | 49,196,000,000 | 37,224,000,000 |
| Cash flows from investing activities: | ||||
| Purchases of equity securities | — | — | — | (67,930,000,000) |
| Sales of equity securities | — | — | — | 33,664,000,000 |
| Purchases of equity securities | (16,923,000,000) | (9,237,000,000) | (16,462,000,000) | — |
| Sales of equity securities | 30,686,000,000 | 143,359,000,000 | 40,631,000,000 | — |
| Purchases of U.S. Treasury Bills and fixed maturity securities | (586,129,000,000) | (526,842,000,000) | (235,007,000,000) | (183,922,000,000) |
| Sales of U.S. Treasury Bills and fixed maturity securities | 44,769,000,000 | 48,462,000,000 | 52,302,000,000 | 90,088,000,000 |
| Redemptions and maturities of U.S. Treasury Bills and fixed maturity securities | 503,954,000,000 | 353,538,000,000 | 153,201,000,000 | 66,318,000,000 |
| Acquisitions of businesses, net of cash acquired | (1,074,000,000) | (396,000,000) | (8,604,000,000) | (10,594,000,000) |
| Purchases of property, plant and equipment and equipment held for lease | (20,927,000,000) | (18,976,000,000) | (19,409,000,000) | (15,464,000,000) |
| Other | 1,157,000,000 | (195,000,000) | 685,000,000 | 239,000,000 |
| Net cash flows from investing activities | (44,487,000,000) | (10,287,000,000) | (32,663,000,000) | (87,601,000,000) |
| Cash flows from financing activities: | ||||
| Insurance and Other | 3,071,000,000 | 5,528,000,000 | 2,133,000,000 | 7,822,000,000 |
| Railroad, Utilities and Energy | 6,101,000,000 | 7,658,000,000 | 5,684,000,000 | 4,873,000,000 |
| Insurance and Other | (3,050,000,000) | (7,796,000,000) | (5,921,000,000) | (1,502,000,000) |
| Railroad, Utilities and Energy | (3,974,000,000) | (4,151,000,000) | (5,390,000,000) | (2,426,000,000) |
| Changes in short term borrowings, net | 878,000,000 | (3,059,000,000) | 2,407,000,000 | (596,000,000) |
| Acquisitions of treasury stock | — | (2,918,000,000) | (9,171,000,000) | (7,854,000,000) |
| Other, principally transactions with noncontrolling interests | (793,000,000) | (5,622,000,000) | (4,147,000,000) | (1,979,000,000) |
| Net cash flows from financing activities | 2,233,000,000 | (10,360,000,000) | (14,405,000,000) | (1,662,000,000) |
| Effects of foreign currency exchange rate changes | 478,000,000 | (212,000,000) | 116,000,000 | (268,000,000) |
| Increase in cash and cash equivalents and restricted cash | 4,193,000,000 | 9,733,000,000 | 2,244,000,000 | (52,307,000,000) |
| Cash and cash equivalents and restricted cash at the beginning of the year | 48,376,000,000 | 38,643,000,000 | 36,399,000,000 | 88,706,000,000 |
| Cash and cash equivalents and restricted cash at the end of the year | 52,569,000,000 | 48,376,000,000 | 38,643,000,000 | 36,399,000,000 |
| Insurance and Other | 47,719,000,000 | 44,333,000,000 | 33,672,000,000 | — |
| Railroad, Utilities and Energy | 4,158,000,000 | 3,396,000,000 | 4,350,000,000 | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.