Income StatementBalance SheetCash FlowBusiness Segments
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Berkshire Hathaway Cash Flow Statement

Operating, investing, and financing cash movements

Berkshire Hathaway generated $39.4B in operating cash flow over the trailing twelve months. After $20.1B in capital expenditures, free cash flow was $19.3B. Free cash flow decreased 0.1% year-over-year. Based on the Q3 2025 filing.

Net Cash From Operating (TTM)$39.4BNet Cash From Investing (TTM)-$21.9BNet Cash From Financing (TTM)-$12.1BCapital Expenditures (TTM)$20.1BDepreciation And Amortization (TTM)$13.2BNet Change In Cash (TTM)$39.1B
Latest FilingQ3 2025
Report Date2025-11-03
Market Cap$1.01T
P/E Ratio15.02
ROE10.17%

Operating

MetricQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Accretion (amortization) of discounts and premiums on investments$2.6B$3.4B$3.5B$3.1B$3.0B$2.7B
Change in income taxes payable/receivable$5.7B-$9.3B-$7.0B$204.0M-$3.2B$4.2B
Change in inventories$60.0M$224.0M-$359.0M-$103.0M$225.0M$891.0M
Change in loss reserves$573.0M$2.2B—$1.2B$929.0M$445.0M
Change in other assets$421.0M$713.0M—$400.0M$340.0M-$64.0M
Change in other liabilities$1.7B$2.1B-$559.0M-$1.3B$921.0M$1.6B
Other working capital changes$2.6B$1.7B—-$1.5B-$6.3B$719.0M
Change in receivables$1.6B$602.0M-$2.4B$3.3B$939.0M$1.7B
Change in reinsurance balances payable-$254.0M-$179.0M-$88.0M-$169.0M-$154.0M-$176.0M
Change in unearned premiums$241.0M$775.0M—$1.5B$61.0M$1.1B
Depreciation and amortization$3.2B$3.2B$3.3B$3.3B$3.3B$3.3B
Net gains (losses) on investments$23.9B$20.5B$6.6B-$6.4B$6.4B$21.9B
Net cash from operating activities$13.6B$1.8B$4.6B$10.9B$10.1B$13.8B
Net income$30.5B$26.5B$19.8B$4.7B$12.5B$30.9B

Investing

MetricQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Capital expenditures$4.5B$4.7B$5.3B$4.3B$4.9B$5.6B
Net cash from investing activities-$7.4B-$3.9B—-$16.4B$49.4B-$39.1B
Other investing activities$28.0M$214.0M—-$202.0M-$195.0M$55.0M
Proceeds from fixed maturity securities$40.4B$106.4B$126.6B$138.6B$130.2B$144.0B
Proceeds from maturities/sales of investments$77.2B$36.1B$10.1B$4.7B$6.9B$12.5B
Purchases of equity securities$1.6B$1.5B$3.4B$3.2B$3.9B$6.4B
Purchases of fixed maturity securities$126.3B$155.7B$141.6B$158.7B$91.1B$194.5B

Other

MetricQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Effect of exchange rate changes on cash-$97.0M$87.0M-$158.0M-$76.0M$96.0M$311.0M
Net increase (decrease) in cash$6.9B-$5.1B$10.4B-$5.5B$58.4B-$24.1B

Financing

MetricQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Net cash from financing activities$854.0M-$3.1B—$53.0M-$1.2B$835.0M
Other financing activities-$150.0M-$2.2B-$638.0M-$143.0M-$611.0M$24.0M
Repurchases of common stock$356.0M$0.0$0.0———
Net change in short-term borrowings-$549.0M-$246.0M—-$415.0M$985.0M$58.0M