tyb
For those who were not here on the last quarterly release of Google Q4 2018 form 10-Q.
That one was determined to have a 'hole' in it of approximately $6.65b. This was done through a series of transaction's using FOREX and derivative financial products.
This new release, for Q1-2019 was found to have a hole in it almost 3X larger. This time they decided to shove everything in the bucket known as "goodwill". It is roughly explained in this mini-bun that was provided by baker on duty at time of posting.
Keep in mind that this is an opinion and nothing moar, as to say not forensic accountants. However it was not to hard to figure this out last time either.
In the last release they sold dragonfly for cheap or literally gave it away.
Google 10-Q analysis Q1-2019
>>6379371 pb
You can access any filings for public company's here:
https://www.sec.gov/edgar.shtml
Berkshire swings to big profit; Buffett laments Kraft Heinz
OMAHA, Neb. (Reuters) - Warren Buffett’s Berkshire Hathaway Inc on Saturday said gains in its stock investments fueled a big first-quarter profit, while improved results from its Geico auto insurer and BNSF railroad units boosted operating results.
Berkshire also said it repurchased $1.7 billion of its stock in the quarter, reflecting Buffett’s troubles to find better uses for the Omaha, Nebraska-based conglomerate’s cash hoard, which now totals $114.2 billion.
Results were released as Buffett, 88, and Vice Chairman Charlie Munger, 95, prepared to answer more than five hours of questions from shareholders and analysts at Berkshire’s annual meeting in Omaha, Nebraska, which draws tens of thousands of people.
The $21.66-billion overall profit, or $13,209 per Class A share, compared with a year-earlier net loss of $1.14 billion, or $692 per share, and a fourth-quarter net loss of $25.39 billion.
These results illustrate what Buffett has called the “wild and capricious” and, in his view, meaningless swings caused by an accounting rule requiring the reporting of unrealized stock gains with earnings, regardless of Berkshire’s plans to sell. Berkshire had $15.1 billion of these gains in the first quarter.
Operating profit, which Buffett considers a better performance measure, rose 5 percent to $5.56 billion, or about $3,388 per Class A share, from $5.29 billion, or $3,215 per share, a year earlier.
Analysts on average expected operating profit of about $3,399 per Class A share, according to Refinitiv data.
Results excluded operating earnings tied to Berkshire’s 26.7 percent stake in Kraft Heinz Co because the food company has not released its own audited quarterly results, Buffett told reporters before the annual meeting.
Buffett also maintained that “we paid too much” for Kraft Heinz, which was created in a 2015 merger between Kraft Foods and H.J. Heinz, which Berkshire and Brazil’s 3G Capital controlled.
In last year’s fourth quarter, Berkshire took a $3-billion writedown on Kraft.
Berkshire owns more than 90 companies.
Last month, Berkshire committed $10 billion to Occidental Petroleum Corp’s cash-and-stock bid for Anadarko Petroleum Corp, which Chevron Corp also wants to buy.
The Berkshire investment is contingent on Occidental completing its proposed purchase of Anadarko.
Berkshire’s Class A shares closed Friday at $327,765.61, and its Class B shares closed at $218.60.
https://www.reuters.com/article/us-berkshire-results/berkshire-swings-to-big-profit-buffett-laments-kraft-heinz-idUSKCN1SA0BY?il=0