- Berkshire's 2020 Annual Report de-emphasizes the search for large acquisitions and discusses the long term benefits of share repurchases at both Berkshire and Apple.
- Berkshire's 2020 operating income was $21.9 billion, down just 9% from the $24 billion in 2019.
- Berkshire purchased an additional $9 billion of shares in Q4, bringing the total to $24.7 billion for the year.
- Investment gains totaled $31.6 billion for 2020, compared to $56.3 billion in 2019.
- 2020 included a $11 billion impairment charge, predominantly related to the 2016 acquisition of Precision Castparts.
For further details see:
Berkshire Hathaway: Critical Turning Point