February 25, 2023 — Berkshire Hathaway(NYSE:BRK.A)
Earnings (losses) of Berkshire Hathaway Inc. and its consolidated subsidiaries for the fourth quarter and full year of 2022 and 2021 are summarized below. Earnings (losses) are stated on an after-tax basis. (Dollar amounts are in millions, except for per share amounts).
BERKSHIRE HATHAWAY INC. and Subsidiaries CONSOLIDATED STATEMENTS OF EARNINGS
Approximately $2.6 billion was used to repurchase Berkshire shares during the fourth quarter bringing the total for the year to approximately $7.9 billion.
Berkshire Hathaway (NYSE:BRK. A) In Q4 2022, the profit per EPS was $12,412, and the market expected a profit of $5,436.9, compared to a profit of $26,690 in the same period last year.
Revenue in 2022 was $302.089 billion, compared to $276.094 billion in the previous year. The net loss in 2022 was $22.819 billion, and the net profit in the fourth quarter was $18.164 billion, compared to a profit of $39.646 billion in the same period last year.
Cash reserves at the end of 2022 were $128.6 billion. As of December 31, the Company’s equity investments were concentrated in American Express, Apple, Bank of America, Chevron and Coca-Cola.
About Berkshire
Berkshire Hathaway and its subsidiaries engage in diverse business activities including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing, retailing and services. Common stock of the company is listed on the New York Stock Exchange, trading symbols BRK.A and BRK.B.