Berkshire Hathaway Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $66.97B | $89.00B | $96.22B | $-22.76B | $89.94B | $42.52B | $81.42B | $4.02B |
| Depreciation & Amortization | $13.48B | $12.86B | $12.49B | $10.90B | $10.72B | $10.60B | $10.06B | $9.78B |
| Depreciation | — | — | — | $8.46B | $8.31B | $8.12B | $7.57B | $7.28B |
| Amortization | $1.70B | $1.80B | $1.80B | $1.20B | $1.25B | $1.28B | $1.32B | $1.39B |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $45.97B | $30.59B | $49.20B | $37.35B | $39.43B | $39.77B | $38.69B | $37.40B |
| Investing Activities | ||||||||
| Capital Expenditures | $20.93B | $18.98B | $19.41B | $15.46B | $13.28B | $13.01B | $15.98B | $14.54B |
| Business Acquisitions | $1.07B | $396.0M | $8.60B | $10.59B | $456.0M | $2.53B | $1.68B | $3.28B |
| Net Cash from Investing Activities | $-44.49B | $-10.29B | $-32.66B | $-87.60B | $29.39B | $-37.76B | $-5.62B | $-32.85B |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | $2.92B | $9.17B | $7.85B | $27.06B | $24.71B | $4.85B | $1.35B |
| Net Cash from Financing Activities | $2.23B | $-10.36B | $-14.41B | $-1.66B | $-28.51B | $-18.34B | $730.0M | $-5.81B |
| Net Change in Cash | $4.19B | $9.73B | $2.24B | $-52.31B | $40.31B | $-16.24B | $33.82B | $-1.40B |
| Free Cash Flow | $25.04B | $11.62B | $29.79B | $21.89B | $26.15B | $26.76B | $22.71B | $22.86B |