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Berkshire Hathaway (BRK-A) (BRK-B) recently posted its Annual Report for 2021. These are 5 highlights of Berkshire Hathaway’s 2021 Annual Report:

1. In Q4, Berkshire’s operating income rose 45% and it bought back $6.9 billion of its shares at an average price per A share of about $435,000. Its closing price on Feb. 25 was $479,345, and it bought back only $1.2 billion of its shares in 2022 through Feb. 23. Berkshire repurchased $51.7 billion, or 9% of its shares during 2020-2021.
2. Berkshire had $144 billion of cash and cash equivalents at year-end 2021. Since it plans to always have at least $30 billion of cash and equivalents, at least $100 billion is available to invest.
3. Todd Combs and Ted Weschler are managing $34 billion, or about 10% of Berkshire’s $350+ billion equity portfolio. However, subtracting Apple (AAPL), Bank of America (BAC), American Express (AXP), and Coca-Cola (KO), they are managing about 35% of the remaining $100 billion portfolio.
4. Berkshire’s book value on Dec. 31, 2021 was $348,632. At its closing price on Feb. 25 of $479,345, its price to book ratio equals 1.37, approximating its historical average.
5. Berkshire’s annual meeting on Saturday, April 30 will be webcast by CNBC, beginning at 8:45 a.m. central time (9:45 a.m. eastern time).