The chart above displays the net earnings of Berkshire Hathaway from 2010 to 2022 in millions of US dollars.
In fiscal 2022, Berkshire Hathaway incurred net losses worth $22.06 billion compared to $90.8 billion positive net income in the last year.
| Year | Net Income ($mn) |
|---|---|
| 2022 | $(22,058) |
| 2021 | $90,807 |
| 2020 | $42,521 |
| 2019 | $81,417 |
| 2018 | $4,021 |
| 2017 | $ 44,940 |
| 2016 | $ 24,074 |
| 2015 | $24,083 |
| 2014 | $ 19,872 |
| 2013 | $ 19,476 |
| 2012 | $ 14,824 |
| 2011 | $ 10,254 |
| 2010 | $ 12,967 |
| 2009 | $ 8,055 |
| 2008 | $ 4,994 |
| 2007 | $ 13,214 |
| 2006 | $ 11,015 |
| 2005 | $ 8,528 |
| 2004 | $ 7,308 |
| 2003 | $ 8,151 |
| 2002 | $ 4,286 |
| 2001 | $ 795 |
| 2000 | $ 3,328 |
| 1999 | $ 1,557 |
Net Income of Berkshire Hathaway was $4 billion in 2018 compared to $44.9 billion in 2017.
Berkshire hathaway Inc. is a holding company that owns several subsidiaries engaged in a variety of businesses. Most important among these are insurance business, freight rail transportation business and a group of utility and energy generation and distribution businesses. Berkshire also owns and operates a large number of other businesses apart from these. These businesses operate independently or on a decentralized basis which means no central HR, marketing or finance function. However, the top management participates in resource allocation, investment and selection of CEOs for each of the businesses.
The net earnings of Berkshire Hathaway jumped to $44.94 Billions rising from 24 Billion dollars previous year. However, to a large extent, it was the TCJA that was responsible for the increase in net earnings of Berkshire Hathaway. Before TCJA arrived in December Berkshire had been expecting taxes at the corporate rate of 35%. Arrival of the new law changed it to 21%. This is how Berkshire managed to save around 29 billion dollars which went into its gains for the year.
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