Berkshire's Operating Earnings Rose $1.8 Billion Last Quarter. A Currency Swing Was $1.2 Billion of It.
The conglomerate's 16% jump looks impressive until you see which line did most of the lifting.
Overview
Berkshire Hathaway's (NYSE: BRKA)(NYSE: BRKB) second-quarter operating earnings, reported Saturday, rose 16% year over year -- to $12.98 billion from $11.16 billion, an increase of about $1.8 billion. And about $1.2 billion of that increase came from one unusual place: the changing dollar value of Berkshire's own debt.
Image source: The Motley Fool.
Berkshire and its finance arm owe billions in euro-, pound-, and yen-denominated senior notes (about 4.85 billion euros, 1.75 billion pounds, and 2,481 billion yen at par).
Details
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Originally published at www.fool.com.
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