For the year ending 2025-12-31, BRK-B had $4,193M increase in cash & cash equivalents over the period. $25,042M in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net earnings | 67,260 | 89,561 | 97,147 | -22,058 |
| Investment (gains) losses | 39,078 | 52,799 | 74,855 | -67,623 |
| Depreciation and amortization | 13,476 | 12,855 | 12,486 | 10,899 |
| Discount accretion on investments, principally u.s. treasury bills | 11,964 | 11,349 | - | - |
| Equity method investment impairment losses | 10,681 | - | - | - |
| Other | -3,239 | 892 | 6,023 | 4,324 |
| Unpaid losses and loss adjustment expenses | 3,088 | 2,173 | 2,628 | 4,057 |
| Deferred charges - retroactive reinsurance | -693 | -698 | -375 | -769 |
| Unearned insurance premiums | 432 | 376 | 1,854 | 1,861 |
| Receivables and originated loans | 2,426 | -626 | 1,949 | 5,592 |
| Inventories | - | -591 | -1,426 | 4,779 |
| Other assets | 861 | 797 | 1,328 | 373 |
| Other liabilities | 429 | -2,288 | 2,570 | 2,033 |
| Income taxes | 1,000 | -8,163 | 14,865 | -12,892 |
| Net cash flows from operating activities | 45,969 | 30,592 | 49,196 | 37,224 |
| Purchases of equity securities | 16,923 | 9,237 | 16,462 | 67,930 |
| Sales of equity securities | 30,686 | 143,359 | 40,631 | 33,664 |
| Purchases of u.s. treasury bills and fixed maturity securities | 586,129 | 526,842 | 235,007 | 183,922 |
| Sales of u.s. treasury bills and fixed maturity securities | 44,769 | 48,462 | 52,302 | 90,088 |
| Redemptions and maturities of u.s. treasury bills and fixed maturity securities | 503,954 | 353,538 | 153,201 | 66,318 |
| Acquisitions of businesses, net of cash acquired | 1,074 | 396 | 8,604 | 10,594 |
| Purchases of property, plant and equipment and equipment held for lease | 20,927 | 18,976 | 19,409 | 15,464 |
| Other | -1,157 | 195 | -685 | -239 |
| Net cash flows from investing activities | -44,487 | -10,287 | -32,663 | -87,601 |
| Proceeds from borrowings-Insurance And Other | 3,071 | 5,528 | 2,133 | 7,822 |
| Repayments of borrowings-Insurance And Other | 3,050 | 7,796 | 5,921 | 1,502 |
| Proceeds from borrowings-Railroad Utilities And Energy | 6,101 | 7,658 | 5,684 | 4,873 |
| Repayments of borrowings-Railroad Utilities And Energy | 3,974 | 4,151 | 5,390 | 2,426 |
| Changes in short term borrowings, net | 878 | -3,059 | 2,407 | -596 |
| Acquisitions of treasury stock | - | 2,918 | 9,171 | 7,854 |
| Other, principally transactions with noncontrolling interests | -793 | -5,622 | -4,147 | -1,979 |
| Net cash flows from financing activities | 2,233 | -10,360 | -14,405 | -1,662 |
| Effects of foreign currency exchange rate changes | 478 | -212 | 116 | -268 |
| Increase in cash and cash equivalents and restricted cash | 4,193 | 9,733 | 2,244 | -52,307 |
| Cash and cash equivalents and restricted cash at the beginning of the year | 48,376 | 38,643 | 36,399 | 88,706 |
| Cash and cash equivalents and restricted cash at the end of the year | 52,569 | 48,376 | 38,643 | 36,399 |
BERKSHIRE HATHAWAY INC (BRK-B)
BERKSHIRE HATHAWAY INC (BRK-B)