3 weeks ago

Berkshire Hathaway's Cash Pile Declines as Greg Abel Deploys Capital

Berkshire Hathaway's Cash Pile Declines as Greg Abel Deploys Capital
After Warren Buffett exit, Greg Abel starts deploying Berkshire Hathaway’s $365.5 billion cash pile · livemint.com

Berkshire Hathaway is a big company that owns lots of other companies.

For a long time, it kept a giant pile of money in the bank.

Warren Buffett, its famous boss, liked to wait and save that money.

This year, a new boss named Greg Abel took over.

He decided it was time to spend some of the money pile.

The company used the money to buy parts of other companies, like the one that owns Google.

It also bought some of its own shares, which is called a buyback.

Because of all that spending, the money pile got smaller.

Berkshire's business also made more money than before.

But the company says there are still worries in the world, like tariffs and wars.

Key facts

Cash and Treasury bills (end of June)
$365.5 billion
Cash and Treasury bills (end of March)
$397.4 billion
Net equity purchases in quarter
Nearly $20 billion
Share repurchases
About $4.5 billion in the quarter and more than $3.3 billion in July
Additional Alphabet investment
$10 billion
Quarterly operating profit
$12.98 billion, up 16%
Quarterly net income
$25.6 billion
Revenue
$101.81 billion, up 10%

Sources

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