← BERKSHIRE HATHAWAY INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net earnings $24.4b $45.4b $4.3b $81.8b $43.3b $90.8b ($22.1b) $97.1b $89.6b $67.3b
Net Income (Loss) Attributable to Parent $24.1b $44.9b $4.0b $81.4b $42.5b $89.8b ($22.8b) $96.2b $89.0b $67.0b
Net Income (Loss) Attributable to Noncontrolling Interest $353.0m $413.0m $301.0m $375.0m $732.0m $1.0b $761.0m $924.0m $566.0m $292.0m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $24.4b $45.4b $4.3b $81.8b $43.3b $90.8b ($22.1b) $97.1b $89.6b $67.3b
Amortization of Intangible Assets $1.5b $1.5b $1.4b $1.3b $1.3b $1.3b $1.2b $1.8b $1.8b $1.7b
Depreciation $7.4b $7.7b $7.3b $7.6b $8.1b $8.3b $8.5b $12.5b $12.9b $13.5b
Depreciation, Depletion and Amortization $8.9b $9.2b $9.8b $10.1b $10.6b $10.7b $10.9b $12.5b $12.9b $13.5b
Deferred Income Tax Expense (Benefit) $2.7b ($24.8b) ($5.5b) $15.1b $7.4b $15.6b ($13.3b) $15.4b ($9.6b) $1.9b
Equity Method Investment, Other than Temporary Impairment — — — — — — — — — $10.7b
Goodwill, Impairment Loss — — — — $10.0b — — — — —
Income (Loss) from Equity Method Investments $923.0m $2.9b ($2.2b) $1.2b $726.0m $995.0m $1.9b $2.0b $1.8b ($9.6b)
Income Tax Expense (Benefit) $9.2b ($21.5b) ($321.0m) $20.9b $12.4b $20.9b ($8.5b) $23.0b $20.8b $15.2b
Operating Lease, Lease Income — — — — $5.2b $6.0b $7.5b $8.4b $9.2b $10.0b
Changes in operating assets and liabilities:
Additional Financial Items
Acquisitions of treasury stock — — ($1.3b) ($4.8b) ($24.7b) ($27.1b) ($7.9b) ($9.2b) ($2.9b) —
Changes in short term borrowings, net $130.0m $2.1b ($1.9b) $266.0m ($1.1b) ($624.0m) ($596.0m) $2.4b ($3.1b) $878.0m
Deferred charges - retroactive reinsurance — — — $357.0m $1.3b $1.8b $769.0m $375.0m $698.0m $693.0m
Discount accretion on investments, principally U.S. Treasury Bills — — — — — — ($1.1b) ($5.5b) ($11.3b) ($12.0b)
Equity Securities, FV-NI, Gain (Loss) — — — $71.2b $40.9b $77.4b ($67.0b) $71.8b $52.8b $40.0b
Equity Securities, FV-NI, Realized Gain (Loss) — — $291.0m $1.6b ($14.0b) $997.0m ($3.9b) $2.7b $3.5b ($18.0m)
Equity Securities, FV-NI, Unrealized Gain (Loss) — — ($22.7b) $69.6b $55.0b $76.4b ($63.1b) $69.1b $49.3b $40.0b
Financing Receivable, Credit Loss, Expense (Reversal) — — — — $177.0m $88.0m $124.0m $169.0m $298.0m $385.0m
Foreign Currency Transaction Gain (Loss), before Tax — — — — — — $2.1b — — —
Goodwill $79.5b $81.3b $81.0b $81.9b $73.7b $73.9b $78.1b $84.6b $83.9b $83.1b
Income taxes $4.0b ($25.0b) ($5.0b) $15.2b $7.2b $15.3b ($12.9b) $14.9b ($8.2b) $1.0b
Increase (Decrease) in Inventories — — — — — — $4.8b ($1.4b) ($591.0m) —
Increase (Decrease) in Other Operating Assets — — $1.8b $2.0b $1.1b $1.7b $373.0m $1.3b $797.0m $861.0m
Investment (gains) losses ($7.6b) ($1.4b) $22.2b ($71.1b) ($40.9b) ($77.6b) $67.6b ($74.9b) ($52.8b) ($39.1b)
Nonoperating Income (Expense) — — ($22.5b) $72.6b $40.7b — — — — —
Other ($419.0m) ($3.7b) ($71.0m) ($1.5b) ($3.6b) $297.0m $239.0m $685.0m ($195.0m) $1.2b
Other assets ($373.0m) ($1.7b) ($1.8b) ($2.0b) ($1.1b) ($1.7b) ($373.0m) ($1.3b) ($797.0m) ($861.0m)
Other liabilities $1.7b $1.2b $2.0b $190.0m $3.4b $2.4b $2.0b $2.6b ($2.3b) $429.0m
Proceeds from borrowings $17.2b $5.7b $9.4b $13.5b $14.4b $6.9b $12.7b $7.8b $13.2b $9.2b
Purchases of U.S. Treasury Bills and fixed maturity securities ($96.6b) ($158.5b) ($141.8b) ($136.1b) ($208.4b) ($152.6b) ($183.9b) ($235.0b) ($526.8b) ($586.1b)
Purchases of equity securities ($16.5b) ($20.3b) ($43.2b) ($18.6b) ($30.2b) ($8.4b) ($67.9b) ($16.5b) ($9.2b) ($16.9b)
Receivables and originated loans ($3.3b) ($2.0b) ($3.4b) ($2.3b) ($1.6b) ($5.8b) ($5.6b) ($1.9b) $626.0m ($2.4b)
Redemptions and maturities of U.S. Treasury Bills and fixed maturity securities $26.2b $86.7b $113.0b $137.8b $149.7b $160.4b $66.3b $153.2b $353.5b $504.0b
Repayments of borrowings ($4.7b) ($9.0b) ($11.6b) ($7.7b) ($6.5b) ($7.0b) ($3.9b) ($11.3b) ($11.9b) ($7.0b)
Restricted cash, included in other assets at end of year $595.0m $629.0m $450.0m $457.0m $406.0m $522.0m $588.0m $621.0m $647.0m $692.0m
Sales of U.S. Treasury Bills and fixed maturity securities $18.8b $49.3b $39.7b $15.9b $31.9b $27.2b $90.1b $52.3b $48.5b $44.8b
Sales of equity securities — — $18.8b $14.3b $38.8b $15.8b $33.7b $40.6b $143.4b $30.7b
Unearned insurance premiums $968.0m $1.8b $1.8b $1.7b $1.6b $2.3b $1.9b $1.9b $376.0m $432.0m
Unpaid losses and loss adjustment expenses $4.4b $25.0b $3.4b $6.1b $4.8b $4.6b $4.1b $2.6b $2.2b $3.1b
Gain (Loss) on Derivative Instruments, Net, Pretax — — ($300.0m) $1.5b — $966.0m ($276.0m) — — —
Gain (Loss) on Investments $7.6b $1.4b ($22.2b) $71.1b $40.9b $77.6b ($67.6b) $74.9b $52.8b $39.1b
Net Cash Provided by (Used in) Operating Activities $32.5b $45.8b $37.4b $38.7b $39.8b $39.4b $37.2b $49.2b $30.6b $46.0b
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $13.0b $11.7b $14.5b $16.0b $13.0b $13.3b $15.5b $19.4b $19.0b $20.9b
Acquisitions of businesses, net of cash acquired ($31.4b) ($2.7b) ($3.3b) ($1.7b) ($2.5b) ($456.0m) ($10.6b) ($8.6b) ($396.0m) ($1.1b)
Payments to Acquire Businesses, Net of Cash Acquired $31.4b $2.7b $3.3b $1.7b $2.5b $456.0m $10.6b $8.6b $396.0m $1.1b
Payments for (Proceeds from) Other Investing Activities $419.0m $3.7b $71.0m $1.5b $3.6b ($297.0m) ($239.0m) ($685.0m) $195.0m ($1.2b)
Net cash flows from investing activities ($84.3b) ($41.1b) ($32.8b) ($5.6b) ($37.8b) $29.4b ($87.6b) ($32.7b) ($10.3b) ($44.5b)
Net Cash Provided by (Used in) Investing Activities ($84.3b) ($41.1b) ($32.8b) ($5.6b) ($37.8b) $29.4b ($87.6b) ($32.7b) ($10.3b) ($44.5b)
Cash flows from financing activities:
Payments for Repurchase of Common Stock — — $1.3b $4.8b $24.7b $27.1b $7.9b $9.2b $2.9b —
Other, principally transactions with noncontrolling interests $112.0m ($121.0m) ($343.0m) ($497.0m) ($429.0m) ($695.0m) ($2.0b) ($4.1b) ($5.6b) ($793.0m)
Proceeds from (Payments for) Other Financing Activities — ($121.0m) ($343.0m) ($497.0m) ($429.0m) ($695.0m) ($2.0b) ($4.1b) ($5.6b) ($793.0m)
Net cash flows from financing activities $12.8b ($1.4b) ($5.8b) $730.0m ($18.3b) ($28.5b) ($1.7b) ($14.4b) ($10.4b) $2.2b
Net Cash Provided by (Used in) Financing Activities $12.8b ($1.4b) ($5.8b) $730.0m ($18.3b) ($28.5b) ($1.7b) ($14.4b) ($10.4b) $2.2b
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — ($140.0m) $25.0m $92.0m $5.0m ($268.0m) $116.0m ($212.0m) $478.0m
Effects of foreign currency exchange rate changes ($172.0m) $248.0m ($140.0m) $25.0m $92.0m $5.0m ($268.0m) $116.0m ($212.0m) $478.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — $3.6b ($1.4b) $33.8b ($16.2b) $40.3b ($52.3b) $2.2b $9.7b $4.2b
Increase in cash and cash equivalents and restricted cash ($39.0b) $3.6b ($1.4b) $33.8b ($16.2b) $40.3b ($52.3b) $2.2b $9.7b $4.2b
Cash and cash equivalents and restricted cash at the beginning of the year $28.6b $32.2b $30.8b $64.6b $48.4b $88.7b $36.4b $38.6b $48.4b $52.6b
Cash and cash equivalents at the end of the year $28.0b $31.6b $30.4b $64.2b $48.0b $88.2b $35.8b $38.0b $47.7b $51.9b
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($39.0b) $3.6b $30.8b $64.6b $48.4b $88.7b $36.4b $38.6b $48.4b $52.6b
Supplemental disclosure of cash flow information:
Income Taxes Paid, Net $4.7b $3.3b $4.4b $5.4b $5.0b $5.4b $4.2b $7.8b $28.5b $14.0b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.