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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: mungofitch 🐝🐝🐝 GOLD
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Number: of 21944 
Subject: Re: The Berkshire Problem
Date: 08/07/23 6:35 PM
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That's the reinvested capital earned by BHE, not from the parent BRK. Right?

Both, I think. But I've never tried to track it.
I guess BHE has its own filings, so one could figure it out.

[we pause briefly while Jim has a peek for the first time]

I had assumed some of the larger acquisitions would not have been done with just debt and retained earnings, especially the earlier ones: money from Omaha would have been needed.

But maybe you're right...the filings show only $6bn of paid in capital, versus $42bn in retained earnings, comprising effectively the whole of shareholders' equity.
Maybe the funding from Berkshire that I had imagined was (if it existed) limited to loans, perhaps only bridge financing since Berkshire is clear on the fact that the debt is non-recourse.
I couldn't find any mention of notes payable up the chain, but the filing is 569 pages.

Jim
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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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