
Buffet to Berkshire Shareholders: ‘You Can Be Proud of Your Railroad’
BNSF has reported record net earnings of $5.99 billion in 2021, up 16.1% from 2020. “Here, it should be noted, we are talking about the old-fashioned sort of earnings that we favor: a figure calculated after interest, taxes, depreciation, amortization and all forms of compensation,” Warren E. Buffett, Chairman/CEO of parent company Berkshire Hathaway Inc. told shareholders in a Feb. 26 letter.