Berkshire Hathaway (BRK.B) FY2022 results: revenue $302.1 billion, up 9.4% on the year
Berkshire Hathaway Inc. (BRK.B) reported revenue of $302.1 billion for fiscal 2022, the year ended 31 December 2022, up 9.4% on the year before. Net income was -$22.8 billion, and diluted earnings per share $-10.36. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2023.
Revenue
$302.1 billion
+9.4% on the year
FY2015FY2022
Operating margin
11.7%
11.6% a year earlier
FY2015FY2022
Net income
-$22.8 billion
FY2015FY2022
Diluted EPS
-$10.36
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
37,350
39,421
39,773
-5.3%
Capital expenditure
15,464
13,276
13,012
+16.5%
Free cash flow
21,886
26,145
26,761
-16.3%
Free cash flow margin
7.2%
9.5%
10.9%
Cash from investing
-87,601
29,392
-37,757
Cash from financing
-1,662
-28,508
-18,344
Depreciation and amortisation
10,899
10,718
10,596
+1.7%
Buybacks
7,854
27,061
24,706
-71.0%
Diluted shares, weighted
2,203m
2,265m
2,392m
-2.7%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
473,424
506,199
443,164
-6.5%
Non-controlling interest
8,257
8,731
8,172
-5.4%
Other liabilities
466,771
443,854
422,393
+5.2%
Total liabilities and equity
948,452
958,784
873,729
-1.1%
Goodwill
78,119
73,875
73,734
+5.7%
Securities held for sale or to maturity
25,128
16,434
20,410
+52.9%
Cash and equivalents
36,399
88,706
48,396
-59.0%
Inventory
25,366
20,954
19,208
+21.1%
Other assets
783,440
758,815
711,981
+3.2%
Total assets
948,452
958,784
873,729
-1.1%
10-K for the year ended 31 December 2022, filed 27 February 2023: the filing.