Subject: Re: brk 10q,
" Berkshire Hathaway Q2 operating earnings -3.8% Y/Y, cash pile slips to $344.09B
Aug. 02, 2025 8:29 AM ETBerkshire Hathaway Inc. (BRK.A) Stock, BRK.B StockBy: Anuron Mitra, SA News Editor
Berkshire Hathaway press release (NYSE:BRK.A)(NYSE:BRK.B): Q2 operating earnings of $11.16B (-3.8% Y/Y).
Q2 total revenue of $92.52B (-1.2% Y/Y).
Net earnings per average equivalent Class A share of $8,601.
Net earnings per average equivalent Class B share of $5.73.
Cash, cash equivalents, and short-term securities of $344.09


Gambino's comments are always worth reading.

Gary Gambino
Today, 8:52 AM

Analyst
Comments (3.76K)
|
Cash pile did not "slip". The real number for Q1 was $328B, not $342B because there was a $14B payable for T Bills bought but not settles at quarter end.
The comparable number for Q2 is $339.8B. There were zero payables for T-bills.
Generally, we don't include the cash held within "Railroad, Utilities and Other" because it is working capital needed to run that business. When we talk about "cash pile", it refers to cash held within Insurance only.
So that is a $11.8 B cash build.
The real question is why is there almost $60 B more "actual" cash and $60 B less T bills? That's in the neighborhood of what $CSX would cost. Just sayin'.

Reply

Like
z
zball
Today, 8:49 AM

Comments (282)
|
A lot of noise here that is masking a very good quarter.

Reply

Like

Gary Gambino
Today, 8:55 AM

Analyst
Comments (3.76K)
|
@zball revenues flat in most businesses but costs down. I like to see that.
I don't like to see the $KHC impairment but that's just recognizing something the market knew already.

Reply

Like

porky11
Today, 8:42 AM

Comments (1.12K)
|
Buying opportunity incoming…..

Reply

Like

Mr. Slushy
Today, 8:40 AM

Investing Group
Comments (51)
|
No bueno. Hoping for at least good statements.

Reply

Like
B
BTB9192
Today, 8:37 AM

Comments (742)
|
Very steady. No buybacks, as predicted.

Reply

Like

alexferguson60
Today, 8:35 AM

Investing Group
Comments (435)
|
Business losses all over the shop + falling investment income = bad quarter

Reply

Like

Gary Gambino
Today, 8:44 AM

Analyst
Comments (3.76K)
|
@alexferguson60 neither of those things are true

Reply

Like
n
nashman
Today, 8:44 AM

Comments (3.21K)
|
@alexferguson60 lol, no. Insurance was the culprit . Hurricanes and the la fires

Reply

Like

Wapiti19
Today, 8:32 AM

Investing Group
Comments (4.22K)
|
Oh boy …..

Reply

Like