Berkshire’s Third-Quarter Profit Falls 28 Percent as Cash Pile Hits Record
伯克希尔三季度净利润下降28%，现金储备升至3774亿美元创新高
Berkshire Hathaway reported third-quarter revenue of 105.6 billion dollars on November 7, up 11.2 percent from a year earlier, while net profit attributable to shareholders fell about 28 percent to 22.1 billion dollars. Investment gains dropped 45.7 percent to 9.4 billion dollars, reflecting the accounting rule that requires unrealized gains and losses on stock holdings to flow through earnings. Operating profit, which Buffett has long called the better measure of the company’s performance, slipped 5.8 percent to 12.7 billion dollars. Insurance underwriting profit fell 43 percent to 1.35 billion dollars, while the railroad BNSF earned 1.73 billion dollars, up 19 percent, and the manufacturing, service and retail businesses posted 4.04 billion dollars, up 12 percent. Berkshire bought back about 9.6 billion dollars of its own stock in the quarter, the largest quarterly repurchase on record, and its cash and equivalents rose to 377.4 billion dollars from 365.5 billion dollars three months earlier.
伯克希尔·哈撒韦11月7日公布三季度财报，营收1056亿美元，同比增长11.2%；归属于股东的净利润约221亿美元，同比下降约28%。投资收益下降45.7%至94亿美元，反映美国会计准则要求将股票持仓的未实现盈亏计入当期利润。巴菲特长期视为更能衡量真实经营表现的运营利润下降5.8%至127亿美元。保险承保利润下降43%至13.5亿美元；铁路业务BNSF税后利润17.3亿美元，增长19%；制造、服务及零售业务运营利润40.4亿美元，增长12%。当季回购约96亿美元自家股票，创单季度新高；现金及等价物从三个月前的3655亿美元升至3774亿美元。
