According to ChainCatcher citing Cailian Press, Berkshire Hathaway reported third-quarter operating profit of $12.71 billion, down 5.8% year over year, and repurchased $9.6 billion of its stock. Net income attributable to shareholders was $22.112 billion, compared with $30.796 billion a year earlier. Earnings per Class A equivalent share were $15,502. Net investment income totaled $9.407 billion, down from $17.311 billion in the same quarter last year.
As of September 30, the company reported $356.9 billion in cash holdings. Its cash reserves increased from the previous quarter to a record $377.4 billion. Berkshire said 65% of the total fair value of its equity investments was concentrated in Alphabet, American Express, Apple, Bank of America, and Coca-Cola.
