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That $56 bn was here somewhere: Berkshire revises cash stake disclosure

After proper consultations, Berkshire concluded US Treasury Bills aren't cash equivalents

Reuters 

Berkshire Hathaway Inc shareholders might have been forgiven on Saturday for looking at the company's annual report and wondering why some $56 billion of cash appeared to vanish. It did not, Chairman Warren Buffett assured them. The Omaha, Nebraska-based conglomerate has changed how it reports its cash stake, and no longer includes the overall amount in its consolidated statement of cash flows. In his annual shareholder letter, Buffett said Berkshire has about $86 billion of cash and equivalents, roughly triple the $28 billion shown on the cash flow statement. Berkshire ...

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First Published: Sun, February 26 2017. 14:02 IST
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