Berkshire Hathaway (BRK.B) FY2021 results: revenue $276.1 billion, up 12.5% on the year
Berkshire Hathaway Inc. (BRK.B) reported revenue of $276.1 billion for fiscal 2021, the year ended 31 December 2021, up 12.5% on the year before. Net income was $89.8 billion, up 111.2%, and diluted earnings per share $39.64. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2022.
Revenue
$276.1 billion
+12.5% on the year
FY2014FY2021
Operating margin
11.6%
5.8% a year earlier
FY2014FY2021
Net income
$89.8 billion
+111.2% on the year
FY2014FY2021
Diluted EPS
$39.64
+122.9% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
39,421
39,773
38,687
-0.9%
Capital expenditure
13,276
13,012
15,979
+2.0%
Free cash flow
26,145
26,761
22,708
-2.3%
Free cash flow margin
9.5%
10.9%
8.9%
Cash from investing
29,392
-37,757
-5,621
Cash from financing
-28,508
-18,344
730
Depreciation and amortisation
10,718
10,596
10,064
+1.2%
Buybacks
27,061
24,706
4,850
+9.5%
Diluted shares, weighted
2,265m
2,392m
2,451m
-5.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
506,199
443,164
424,791
+14.2%
Non-controlling interest
8,731
8,172
3,772
+6.8%
Other liabilities
443,854
422,393
389,166
+5.1%
Total liabilities and equity
958,784
873,729
817,729
+9.7%
Goodwill
73,875
73,734
81,882
+0.2%
Securities held for sale or to maturity
16,434
20,410
18,685
-19.5%
Loans
n/a
n/a
17,527
Cash and equivalents
88,706
48,396
64,632
+83.3%
Inventory
20,954
19,208
19,852
+9.1%
Other assets
758,815
711,981
615,151
+6.6%
Total assets
958,784
873,729
817,729
+9.7%
10-K for the year ended 31 December 2021, filed 28 February 2022: the filing.