All told, Berkshire's net income increased more than 86% to $44.94 billion, while revenues increased 8.3% to $242.14 billion.
Berkshire-backed Kraft Heinz (KHC) also made a more-than-$140-billion offer for consumer products giant Unilever (UL) a year ago, but Unilever turned the bid down.
Buffett said his goal is to make "one or more huge acquisitions", with Berkshire sitting on US$116bn in cash and government bonds.
The three announced last month a venture created to cut health costs and improve services for their USA employees.
Buffett is arguably the most important person in the United States banking industry. Teva has lately hovered around $20 a share, after tumbling from more than $30 last Spring to as little as $11 in November on disappointing sales and profits.
Warren Buffett had better hope that Insurance Australia Group, the country's biggest general insurer (or property and casualty in U.S. parlance) runs a tight underwriting and insurance book ship, maintains standards and doesn't not veer off into a mad price war. "Hopefully we can find a way where perhaps better care could be delivered even at a somewhat lesser cost".
US Market Indexes Lower, Dow Jones Closes Below 25000
While worker wages have increased, the Central Bank remains unconvinced that long-term inflation is about to damage the economy. The earnings further buoyed optimism on British banks, a day after Lloyds reported its highest pre-tax profit since 2006.
Buffett likes to buy companies "cheaper than they are", Cramer said.
Name SearchWatch Service' Tim Sloan has worked to clean up the misconduct that was reported at the bank in recent years.
This led Buffett to explain how Berkshire Hathaway has been much less impacted by the hurricanes than its reinsurance competitors.
Buffett answered an array of other non-Apple related questions with CNBC, including three "L's" which can make a smart person go broke: liquor, ladies and leverage - or investing with borrowed money.
He estimated the chances of a "mega-catastrophe" this year - one causing losses of at least US$400 billion - at 2 percent. "Berkshire owns $170 billion of marketable stocks (not including our shares of Kraft Heinz), and the value of these holdings can easily swing by $10 billion or more within a quarterly reporting period", Buffett said. The Apple stake at Berkshire now sits at over $28 billion, just behind Wells Fargo.
Several of Berkshire's other biggest stock holdings have been held for decades.
In the aftermath of the shooting, Andrew Ross Sorkin suggested credit-card companies, like Visa, MasterCard, and American Express, could stop supporting (paywall) sellers of assault weapons. Instead, we simply believe that if the businesses of the investees are successful (as we believe most will be) our investments will be successful as well.