10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BERKSHIRE HATHAWAY INC | |||
Ticker: BRK Fiscal Year: 2009 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2009 10-K (Filed: Mar 1, 2010) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Net income loss attributable to reporting entity | |||
| Income loss from continuing operations before income taxes minority | |||
| Revenues: | |||
| Total revenues | $ 112,493 | 107,786 | 118,245 |
| Costs and expenses: | |||
| Total costs and expenses | 100,941 | 100,212 | 98,084 |
| Earnings before income taxes and equity method earnings | 11,552 | 7,574 | 20,161 |
| Income tax expense | 3,538 | 1,978 | 6,594 |
| Earnings from equity method investments | 427 | ||
| Net earnings | 8,441 | 5,596 | 13,567 |
| Less: Earnings attributable to noncontrolling interests | 386 | 602 | 354 |
| Net earnings attributable to Berkshire Hathaway | 8,055 | 4,994 | 13,213 |
| Average common shares outstanding [1] | 1,551,174 | 1,548,960 [1] | 1,545,751 |
| Net earnings per share attributable to Berkshire Hathaway shareholders: | |||
| Statement Business Segment | |||
| Insurance and Other: | |||
| Insurance premiums earned | 27,884 | 25,525 | 31,783 |
| Sales and service revenues | 62,555 | 65,854 | 58,243 |
| Interest, dividend and other investment income | 5,245 | 4,966 | 4,979 |
| Investment gains/losses | 251 | 1,166 | 5,405 |
| Other-than-temporary impairment losses on investments | (3,155) | (1,813) | |
| Total revenues | 92,780 | 95,698 | 100,410 |
| Insurance losses and loss adjustment expenses | 18,251 | 16,259 | 21,010 |
| Life and health insurance benefits | 1,838 | 1,840 | 1,786 |
| Insurance underwriting expenses | 6,236 | 4,634 | 5,613 |
| Cost of sales and services | 52,647 | 54,103 | 47,477 |
| Selling, general and administrative expenses | 8,117 | 8,052 | 7,098 |
| Interest expense | 130 | 156 | 164 |
| Total costs and expenses | 87,219 | 85,044 | 83,148 |
| Utilities and Energy: | |||
| Operating revenues | 11,204 | 12,668 | 12,376 |
| Other | 239 | 1,303 | 252 |
| Total revenues | 11,443 | 13,971 | 12,628 |
| Cost of sales and operating expenses | 8,739 | 9,840 | 9,696 |
| Interest expense | 1,176 | 1,168 | 1,158 |
| Total costs and expenses | 9,915 | 11,008 | 10,854 |
| Finance and Financial Products: | |||
| Interest, dividend and other investment income | 1,886 | 1,790 | 1,717 |
| Investment gains/losses | 67 | 7 | 193 |
| Derivative gains/losses | 3,624 | (6,821) | (89) |
| Other | 2,693 | 3,141 | 3,386 |
| Total revenues | 8,270 | (1,883) | 5,207 |
| Interest expense | 686 | 639 | 588 |
| Other | 3,121 | 3,521 | 3,494 |
| Total costs and expenses | 3,807 | 4,160 | 4,082 |
| Class of Stock | |||
| Class A | |||
| Net earnings per share attributable to Berkshire Hathaway shareholders [1] | 5193.00 | 3224.00 | 8548.00 |
| Class B | |||
| Net earnings per share attributable to Berkshire Hathaway shareholders [1] | 3.46 | 2.15 | 5.70 |
| [1] Average shares outstanding include average Class A common shares and average Class B common shares determined on an equivalent Class A common stock basis. Net earnings per share attributable to Berkshire Hathaway shareholders shown above represents net earnings per equivalent Class A common share. Net earnings per Class B common share is equal to one-fifteen-hundredth (1/1,500) of such amount or $3.46 per share for 2009, $2.15 per share for 2008 and $5.70 per share for 2007 after giving effect to the 50-for | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BERKSHIRE HATHAWAY INC | |||
Ticker: BRK Fiscal Year: 2009 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2009 10-K (Filed: Mar 1, 2010) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Comprehensive income attributable to Berkshire: | |||
| Net earnings | $ 8,055 | 4,994 | 13,213 |
| Other comprehensive income: | |||
| Net change in unrealized appreciation of investments | 17,607 | (23,342) | 2,523 |
| Applicable income taxes | (6,263) | 8,257 | (872) |
| Reclassification of investment appreciation in net earnings | 2,768 | 895 | (5,494) |
| Applicable income taxes | (969) | (313) | 1,923 |
| Foreign currency translation | 851 | (2,140) | 456 |
| Applicable income taxes | (17) | 118 | (26) |
| Prior service cost and actuarial gains/losses of defined benefit plans | (41) | (1,071) | 257 |
| Applicable income taxes | (1) | 389 | (102) |
| Other | (206) | (60) | (22) |
| Other comprehensive income, net | 13,729 | (17,267) | (1,357) |
| Comprehensive income attributable to Berkshire | 21,784 | (12,273) | 11,856 |
| Comprehensive income of noncontrolling interests | 585 | 347 | 389 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BERKSHIRE HATHAWAY INC | |||
Ticker: BRK Fiscal Year: 2009 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2009 10-K (Filed: Mar 1, 2010) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Cash and cash equivalents period increase decrease | |||
| Cash flows from operating activities: | |||
| Net earnings | $ 8,441 | 5,596 | 13,567 |
| Adjustments to reconcile net earnings to operating cash flows: | |||
| Investment (gains) losses and other-than-temporary impairment losses | 2,837 | 640 | (5,598) |
| Depreciation | 3,127 | 2,810 | 2,407 |
| Other | (149) | (1,248) | (268) |
| Changes in operating assets and liabilities before business acquisitions: | |||
| Losses and loss adjustment expenses | 2,165 | 1,466 | (1,164) |
| Deferred charges reinsurance assumed | (39) | 64 | 196 |
| Unearned premiums | (21) | 1,311 | (713) |
| Receivables and originated loans | 697 | (2,222) | (977) |
| Derivative contract assets and liabilities | (5,441) | 7,827 | 2,938 |
| Income taxes | 2,035 | (2,057) | 553 |
| Other assets and liabilities | 2,194 | (2,935) | 1,609 |
| Net cash flows from operating activities | 15,846 | 11,252 | 12,550 |
| Cash flows from investing activities: | |||
| Purchases of fixed maturity securities | (10,798) | (35,615) | (13,394) |
| Purchases of equity securities | (4,570) | (10,140) | (19,111) |
| Purchases of other investments | (7,068) | (14,452) | |
| Sales of fixed maturity securities | 4,338 | 14,796 | 7,821 |
| Redemptions and maturities of fixed maturity securities | 5,234 | 18,550 | 9,158 |
| Sales of equity securities | 5,626 | 6,840 | 8,054 |
| Purchases of loans and finance receivables | (854) | (1,446) | (1,008) |
| Principal collections on loans and finance receivables | 796 | 740 | 1,229 |
| Acquisitions of businesses, net of cash acquired | (108) | (6,050) | (1,602) |
| Purchases of property, plant and equipment | (4,937) | (6,138) | (5,373) |
| Other | 1,180 | 849 | 798 |
| Net cash flows from investing activities | (11,161) | (32,066) | (13,428) |
| Cash flows from financing activities: | |||
| Changes in short term borrowings, net | (885) | 1,183 | (596) |
| Acquisitions of noncontrolling interests and other | (410) | (132) | 387 |
| Net cash flows from financing activities | 233 | 2,286 | 1,366 |
| Effects of foreign currency exchange rate changes | 101 | (262) | 98 |
| Increase (decrease) in cash and cash equivalents | 5,019 | (18,790) | 586 |
| Cash and cash equivalents: | |||
| Cash and cash equivalents at beginning of year | 25,539 | 44,329 | |
| Cash and cash equivalents at end of year | 30,558 | 25,539 | 44,329 |
| Statement Business Segment | |||
| Insurance and Other: | |||
| Proceeds from borrowings | 289 | 134 | 121 |
| Repayments of borrowings | (739) | (233) | (995) |
| Cash and cash equivalents at beginning of year | 27,917 | 37,703 | 37,703 |
| Cash and cash equivalents at end of year | 27,917 | 37,703 | 37,703 |
| Utilities and Energy: | |||
| Proceeds from borrowings | 1,241 | 2,147 | 3,538 |
| Repayments of borrowings | (444) | (2,147) | (1,149) |
| Cash and cash equivalents at beginning of year | 429 | 1,178 | 1,178 |
| Cash and cash equivalents at end of year | 429 | 1,178 | 1,178 |
| Finance and Financial Products: | |||
| Proceeds from borrowings | 1,584 | 5,195 | 1,153 |
| Repayments of borrowings | (403) | (3,861) | (1,093) |
| Cash and cash equivalents at beginning of year | 2,212 | 5,448 | 5,448 |
| Cash and cash equivalents at end of year | 2,212 | 5,448 | 5,448 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
BERKSHIRE HATHAWAY INC | ||
Ticker: BRK Fiscal Year: 2009 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2009 10-K (Filed: Mar 1, 2010) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2009 | Dec 31, 2008 | |
| ASSETS | ||
| Cash and cash equivalents | $ 30,558 | 25,539 |
| Total assets | 297,119 | 267,399 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| LIABILITIES | ||
| Income taxes, principally deferred | 19,225 | 10,280 |
| Total liabilities | 161,334 | 153,692 |
| SHAREHOLDERS' EQUITY | ||
| Common stock | 8 | 8 |
| Capital in excess of par value | 27,074 | 27,133 |
| Accumulated other comprehensive income | 17,793 | 3,954 |
| Retained earnings | 86,227 | 78,172 |
| Berkshire Hathaway shareholders' equity | 131,102 | 109,267 |
| Noncontrolling interests | 4,683 | 4,440 |
| Total shareholders' equity | 135,785 | 113,707 |
| Total liabilities and shareholders' equity | 297,119 | 267,399 |
| Statement Business Segment | ||
| Insurance and Other: | ||
| Cash and cash equivalents | 27,917 | 24,302 |
| Investments in fixed maturity securities | 32,523 | 27,115 |
| Investments in equity securities | 56,562 | 49,073 |
| Other investments | 28,980 | 18,419 |
| Receivables | 14,792 | 14,925 |
| Inventories | 6,147 | 7,500 |
| Property, plant and equipment | 15,720 | 16,703 |
| Goodwill | 27,614 | 27,477 |
| Other | 13,070 | 13,257 |
| Total assets | 223,325 | 198,771 |
| Losses and loss adjustment expenses | 59,416 | 56,620 |
| Unearned premiums | 7,925 | 7,861 |
| Life and health insurance benefits | 3,802 | 3,619 |
| Accounts payable, accruals and other liabilities | 15,379 | 14,987 |
| Notes payable and other borrowings | 3,719 | 4,349 |
| Total liabilities | 90,241 | 87,436 |
| Utilities and Energy: | ||
| Cash and cash equivalents | 429 | 280 |
| Property, plant and equipment | 30,936 | 28,454 |
| Goodwill | 5,334 | 5,280 |
| Other | 8,072 | 7,556 |
| Total assets | 44,771 | 41,570 |
| Accounts payable, accruals and other liabilities | 5,895 | 6,175 |
| Notes payable and other borrowings | 19,579 | 19,145 |
| Total liabilities | 25,474 | 25,320 |
| Finance and Financial Products: | ||
| Cash and cash equivalents | 2,212 | 957 |
| Investments in fixed maturity securities | 4,608 | 4,517 |
| Other investments | 3,620 | 3,116 |
| Loans and finance receivables | 13,989 | 13,942 |
| Goodwill | 1,024 | 1,024 |
| Other | 3,570 | 3,502 |
| Total assets | 29,023 | 27,058 |
| Accounts payable, accruals and other liabilities | 2,514 | 2,656 |
| Derivative contract liabilities | 9,269 | 14,612 |
| Notes payable and other borrowings | 14,611 | 13,388 |
| Total liabilities | 26,394 | 30,656 |
| External Links | |
| BERKSHIRE HATHAWAY INC (BRK) Fiscal Year 2009 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |