Summary
Berkshire Hathaway Inc. reported strong financial results for the six months ending June 30, 2019, driven by significant investment gains and solid performance across its diverse business segments. Net earnings attributable to Berkshire Hathaway shareholders surged to $35.7 billion, a substantial increase from $10.9 billion in the prior year, largely propelled by investment and derivative gains of $24.0 billion, which included substantial unrealized gains on equity securities. Operating earnings from its insurance, railroad, utilities, manufacturing, service, and retailing businesses remained robust, demonstrating resilience and consistent performance. The company maintained a strong balance sheet with total shareholders' equity reaching $386.4 billion. Cash, cash equivalents, and U.S. Treasury Bills totaled $45.1 billion, underscoring Berkshire's commitment to maintaining ample liquidity. Share repurchases continued, with $2.1 billion in Class A and B shares repurchased in the first six months of 2019, reflecting management's confidence in the company's intrinsic value and commitment to returning capital to shareholders when opportunities arise. The overall financial health and diverse revenue streams position Berkshire Hathaway favorably.
Financial Highlights
29 data points| Revenue | $63.60B |
| Operating Expenses | $56.01B |
| Net Income | $14.07B |
Key Highlights
- 1Net earnings attributable to Berkshire Hathaway shareholders significantly increased to $35.7 billion for the first six months of 2019, up from $10.9 billion in the same period of 2018.
- 2Investment and derivative gains were a major driver, totaling $24.0 billion in the first six months of 2019, primarily due to unrealized gains on equity securities.
- 3Total shareholders' equity grew to $386.4 billion as of June 30, 2019, reflecting strong profitability and capital accumulation.
- 4Cash, cash equivalents, and U.S. Treasury Bills remained substantial at $45.1 billion, ensuring significant liquidity.
- 5The company repurchased $2.1 billion of its Class A and Class B common stock in the first six months of 2019.
- 6Insurance underwriting, railroad, utilities, manufacturing, service, and retailing segments all contributed positively to earnings, showcasing the diversified strength of Berkshire's operations.