On February 27, Berkshire Hathaway, a subsidiary of Buffett, announced financial results for the fourth quarter of 2020:

• Operating profit was 5.02 billion US dollars, compared to 4.42 billion US dollars in the same period last year;

• Net investment income for the fourth quarter was US$30.45 billion, compared to US$24.53 billion in the same period last year;
  

• Net profit attributable to the company's shareholders was US$35.84 billion, compared to US$29.59 billion in the same period last year;

• Berkshire Hathaway's cash reserves at the end of 2020 were $138.3 billion;

• As of December 31, 2020, it held 120.4 billion US dollars of Apple shares, and previously held 111.7 billion US dollars of Apple shares as of September 30;

• In 2020, the company spent $24.7 billion to buy back its Class A and Class B common stock.

Click to read >> Full text of Buffett's 2021 shareholder letter