This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
It all starts with its master limited partnership structure, which is designed to pass income on to investors in a tax-advantaged manner. (A A portion of the distribution is usually return of capital.) It is far more likely that it will continue to grow those disbursements, albeit slowly, as its capitalinvestment plans pan out.
of invested assets) Even though more than 500 million shares of Apple (NASDAQ: AAPL) have been sold by Buffett since the start of October 2023 -- potentially for tax purposes -- this tech goliath is still the far-and-away largest holding for Berkshire Hathaway. Since the start of 2013, Apple has bought back $700.6 Apple: $90.7
of invested assets) Despite selling nearly 116.2 million shares of tech stock Apple (NASDAQ: AAPL) during the first quarter, the second-largest publicly traded company by market cap still accounts for close to 40% of Berkshire's invested assets. Apple: $149,766,876,019 (39.7% Besides being on track to pay out more than $15.4
The state of Florida has benefited from net migration for years as people move to lower-tax states, especially ones with warmer climates. But more customers also help NextEra in other ways, as it means there's more need for capitalinvestments and more reason for regulators to approve the company's spending and rate requests.
Our pro forma effective tax rate for the first quarter was 22.5%, consistent with our expectations. First quarter GAAP tax expense was a benefit of $9 million, reflecting excess tax benefits associated with employee equity plans of $111 million. Pro forma other income was $72.5 million for Q1, higher than $67.1
Since inception in 2013, when the company was formed by Fortress to take advantage of price dislocations created by higher capital requirements at the banks, we have executed on that plan. The company, which was started in 2013 with $1 billion of equity, has grown to over $7 billion of equity.
While we are still finalizing capital programs beyond 2026, we are targeting annual capex spend to be in the range of approximately 12% to 13% of net revenues over the long term. We've got this $800 million pre-tax unlevered free cash flow number. With that, I'd like to turn the call over to Richard. James Hardiman -- Analyst Got it.
So, to put that into perspective, 40 million ounce increase is about the same as the total demand that you had for photovoltaics in 2013. And Indians actually have to pay more for their silver because of 12% duties and taxes that they have now. That could cause us to make a substantial investment. Now, let's go to Slide 4.
Finally, we'll provide a comprehensive capitalinvestment forecast update through 2029 on our fourth quarter earnings call, which will take place as usual in early 2025. Since 2013, we've averaged around 15 data center connections per year. It's return on capital, both the financing for the debt, as well as the return on equity.
These tax-deductible securities received 50% equity credit from the credit rating agencies. Since 2013, we've averaged around 15 data center connections per year. Given these drivers, we continue to believe there may be opportunities for incremental regulated capitalinvestment toward the back end of our plan and beyond.
billion in capitalinvestment expected to be completed this year. We have considerable amount of growth capital underway. Capitalinvestments for the year of 2023 were $3.3 billion of organic growth capital projects, 100 million in asset acquisitions, and 413 million of sustaining capital expenditures.
Moritex's heavy exposure to electronics and semi has also negatively impacted its recent growth, but we expect to see growth in those segments rebound as capitalinvestment in equipment to support demand for chips grows over the remainder of this decade. And as a result, we reported a pre-tax loss of $8.5
Diluted earnings per share on a GAAP basis was $0.07, down year on year due to lower operating margins, acquisition and amortization costs, and unfavorable discrete tax items. The adjusted effective tax rate was 16% in both Q1 of 2024 and Q1 of 2023. Sequentially, GAAP diluted EPS increased 7%. Adjusted diluted EPS was $0.11, down $0.02
Transaction-related expenses, which increased by $11 million, vary from year to year according to the number, size and complexity of our investing activities. Other categories affecting our total cost profile include taxes and expenses associated with various forms of leverage. Our original investment was made in 2013.
Transaction-related expenses, which decreased by $151 million, vary from year to year according to the number, size and complexity of our investing activities. Other categories affecting our total cost profile include taxes and expenses associated with various forms of leverage. Our original investment was made in 2013.
During Berkshire Hathaway's annual shareholder meeting in May, Buffett opined that tax purposes were behind the recent selling activity. He intimated that the corporate income tax rate was likely to climb, which would make locking in sizable unrealized gains at a favorably low corporate income tax rate a smart move.
In the quarter, we recognized a pre-tax gain of $54 million on deferred consideration associated with the 2022 sale of our Canadian retail business. declined 86 basis points and the adjusted effective tax rate of 24.2% Brandon Sink -- Executive Vice President, Chief Financial Officer Thank you, Bill, and good morning. This is Brandon.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content