Original title: Berkshire Hathaway (BRK.A.US) 2020 net profit is close to cutting back and holdingBYD(01211) Market capitalization of nearly US$5.9 billion Source: Zhitong Financial Network
The Zhitong Finance app learned that on February 27, Berkshire Hathaway announced the fourth quarter and full year results of 2020. Net profit attributable to the company in 2020 decreased by about 47.8% compared to the previous year. As of December 31, 2020, the company's stock with the highest market capitalization was Apple (AAPL.US), and the market value held by BYD (01211) was close to US$5.9 billion.
According to the data, revenue for the fourth quarter was US$64,381 billion, down about 1.5% from the same period in 2019 to US$65.368 billion; earnings per share of Class A shares were US$35,835, compared with US$17,909 for the same period in 2019; net investment income was US$30.45 billion, with US$24.53 billion for the same period in 2019; and about US$9 billion for stock purchases in the fourth quarter.
Total revenue in 2020 was US$245.51 billion, and in 2019 it was US$254.616 billion. Of this, premium income was US$63.401 billion, in 2019 it was US$61.078 billion; interest, dividends and other investment income was US$8.092 billion, and in 2019 it was US$9.240 billion.
Net profit attributable to the company in 2020 was US$42,521 billion, down about 47.8% from US$81,417 billion in 2019. Earnings per Class A share were $26,668, compared to $49,828 in 2019.
As of December 31, 2020, the company held the top ten stocks by market capitalization: Apple (AAPL.US, market capitalization of US$12.4 billion, accounting for 5.4% of holdings), Bank of America (BAC.US, market capitalization: US$31.3 billion), Coca Cola (KO.US, market capitalization of US$21.9 billion), American Express (AXP.US, market capitalization: US$18.3 billion), Verizon Communications (VZ.US, market capitalization: US$8.6 billion), Moody's (MCO.US, market capitalization: US$7.16 billion), and Bank of America (USB.US, market capitalization of US$7.16 billion), Bank of America (USB.US, market capitalization of US$7.16 billion) US dollars), BYD (01211, market capitalization of 5.897 billion US dollars, accounting for 8.2% of holdings), Chevron (CVX.US, market capitalization of 4,096 billion US dollars), and Charter Communications.
Additionally, in 2020, the company spent $24.7 billion to buy back its Class A and Class B common shares.