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Berkshire Hathaway-B | 8-K: Fourth Quarter and Full Year Results for 2022 and 2023

SEC announcement ·  Feb 26 13:56
Summary by Moomoo AI
On February 24, 2024, Berkshire Hathaway Inc. released its earnings report for the fourth quarter and the full year of 2023. The report, which was made public through a press release and is detailed in the company's Form 8-K filed with the SEC, shows a significant increase in net earnings attributable to Berkshire shareholders, amounting to $37,574 million for the quarter and $96,223 million for the year. This is a notable improvement from the previous year's net loss of $22,759 million. The earnings include substantial investment and derivative gains, with $29,093 million recorded in the fourth quarter and $58,873 million over the full year. Operating earnings were also strong, with $8,481 million for the quarter and $37,350 million for the year. The company highlights that these investment gains...Show More
On February 24, 2024, Berkshire Hathaway Inc. released its earnings report for the fourth quarter and the full year of 2023. The report, which was made public through a press release and is detailed in the company's Form 8-K filed with the SEC, shows a significant increase in net earnings attributable to Berkshire shareholders, amounting to $37,574 million for the quarter and $96,223 million for the year. This is a notable improvement from the previous year's net loss of $22,759 million. The earnings include substantial investment and derivative gains, with $29,093 million recorded in the fourth quarter and $58,873 million over the full year. Operating earnings were also strong, with $8,481 million for the quarter and $37,350 million for the year. The company highlights that these investment gains and losses can be misleading due to their variability and encourages investors to review the annual report for a more informed investment judgment. Berkshire Hathaway's diverse operations cover sectors such as insurance, utilities, energy, freight rail transportation, manufacturing, retailing, and services. The company also reported the use of approximately $9.2 billion for share repurchases in 2023 and an increase in insurance float to approximately $169 billion by the end of the year.

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