BRK-B · 10-Q · 2026Q2 · Full report

Operating Cash Flow and Capex

BERKSHIRE HATHAWAY INC · 2026-08-10 · Importance 70 · Surprise 24 · In source text

Berkshire generated $21.7 billion of net cash from operating activities in the first six months of 2026. Consolidated capital expenditures for property, plant and equipment and equipment held for lease were $10.6 billion, including $6.7 billion attributable to BNSF and BHE. BNSF and BHE forecast approximately $8.6 billion of additional capital expenditures over the remainder of 2026.

Key facts

• BHE and BNSF forecast capital expenditures of approximately $8.6 billion over the remainder of 2026. source
• In the first six months of 2026, Berkshire's businesses generated net cash flows from operating activities of $21.7 billion. source
• GEICO underwriting expenses increased $355 million (27.3%) in the second quarter and $693 million (28.3%) in the first six months of 2026 compared to 2025. source
• Consolidated capital expenditures for property, plant and equipment and equipment held for lease were $10.6 billion in the first six months of 2026, of which $6.7 billion was attributable to BNSF and BHE. source

Impact estimates