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10-K.Info (Beta Test)
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BERKSHIRE HATHAWAY INC

Ticker: BRK   Fiscal Year: 2014

Consolidated Statements of Earnings

Period Ending Dec 31, 2014 10-K (Filed: Mar 2, 2015)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2014Dec 31, 2013Dec 31, 2012
Revenues:
Sales and service revenues
$
102,200
97,60085,800
Investment gains/losses3,5754,0651,462
Total revenues194,673182,150162,463
 
Costs and expenses:
Total costs and expenses166,568153,354140,227
 
Earnings before income taxes28,10528,79622,236
 
Income tax expense7,9358,9516,924
Net earnings20,17019,84515,312
 
Less: Earnings attributable to noncontrolling interests298369488
Net earnings attributable to Berkshire Hathaway shareholders19,87219,47614,824
 
Average common shares outstanding1,643,456 [1]1,643,6131,651,294
Net earnings per share attributable to Berkshire Hathaway shareholders:
Financial Segments
Insurance and Other
Insurance premiums earned41,25336,68434,545
Sales and service revenues97,09792,99381,447
Interest, dividend and other investment income5,0264,9344,532
Investment gains/losses3,5033,881990
Total revenues146,879138,492121,514
 
Insurance losses and loss adjustment expenses26,40621,27520,113
Life, annuity and health insurance benefits5,1815,0725,114
Insurance underwriting expenses6,9987,2487,693
Cost of sales and services78,87375,95366,419
Selling, general and administrative expenses12,19811,73210,307
Interest expense419395363
Total costs and expenses130,075121,675110,009
 
Railroad, Utilities and Energy
Total revenues40,69034,75732,582
 
Cost of sales and operating expenses29,37825,15723,816
Interest expense2,3781,8651,745
Total costs and expenses31,75627,02225,561
 
Finance and Financial Products
Sales and service revenues5,0944,6354,358
Interest, dividend and other investment income1,4321,4741,574
Investment gains/losses72184472
Derivative gains/losses5062,6081,963
Total revenues7,1048,9018,367
 
Cost of sales and services2,7582,5662,458
Selling, general and administrative expenses1,5231,5501,563
Interest expense456541636
Total costs and expenses4,7374,6574,657
 
Class of Stock
Class A
Net earnings per share attributable to Berkshire Hathaway shareholders12092118508977
[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 common share attributable to Berkshire Hathaway 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 $8.06 per share for 2014, $7.90 per share for 2013 and $5.98 per share for 2012.
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BERKSHIRE HATHAWAY INC

Ticker: BRK   Fiscal Year: 2014

Consolidated Statements of Comprehensive Income

Period Ending Dec 31, 2014 10-K (Filed: Mar 2, 2015)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2014Dec 31, 2013Dec 31, 2012
Net earnings
$
20,170
19,84515,312
Other comprehensive income:
Net change in unrealized appreciation of investments5,83125,11115,700
Applicable income taxes(2,062)(8,691)(5,434)
Reclassification of investment appreciation in net earnings(3,360)(2,447)(953)
Applicable income taxes1,176856334
Foreign currency translation(2,032)(82)276
Applicable income taxes18334(9)
Prior service cost and actuarial gains/losses of defined benefit pension plans(1,703)2,6025
Applicable income taxes624(950)(26)
Other, net8138(32)
Other comprehensive income, net(1,335)16,5719,861
 
Comprehensive income18,83536,41625,173
 
Comprehensive income attributable to noncontrolling interests256394503
Comprehensive income attributable to Berkshire Hathaway shareholders18,57936,02224,670
 
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BERKSHIRE HATHAWAY INC

Ticker: BRK   Fiscal Year: 2014

Consolidated Statements of Cash Flows

Period Ending Dec 31, 2014 10-K (Filed: Mar 2, 2015)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2014Dec 31, 2013Dec 31, 2012
Cash flows from operating activities:
Net earnings
$
20,170
19,84515,312
Adjustments to reconcile net earnings to operating cash flows:
Investment gains/losses(3,575)(4,065)(1,462)
Depreciation and amortization7,3706,5086,154
Other(341)373(213)
Changes in operating assets and liabilities before business acquisitions:
Losses and loss adjustment expenses7,404578(421)
Deferred charges reinsurance assumed(3,413)(340)121
Unearned premiums1,1595191,134
Receivables and originated loans(1,890)1,035(1,610)
Derivative contract assets and liabilities(520)(2,430)(2,183)
Income taxes4,9053,5141,710
Other7412,1672,408
Net cash flows from operating activities32,01027,70420,950
 
Cash flows from investing activities:
Purchases of fixed maturity securities(7,774)(7,546)(8,250)
Purchases of equity securities(7,014)(8,558)(7,376)
Investments in H.J. Heinz Holding Corp. and other investments(3,000)(12,250)
Sales of fixed maturity securities1,6974,3112,982
Redemptions and maturities of fixed maturity securities6,79511,2036,064
Sales and redemptions of equity securities8,8963,8698,088
Purchases of loans and finance receivables(181)(490)(650)
Collections of loans and finance receivables8856541,714
Acquisitions of businesses, net of cash acquired(4,824)(6,431)(3,188)
Purchases of property, plant and equipment(15,185)(11,087)(9,775)
Other336(1,210)(183)
Net cash flows from investing activities(19,369)(27,535)(10,574)
 
Cash flows from financing activities:
Changes in short term borrowings, net932(1,317)(309)
Acquisitions of noncontrolling interests and treasury stock(1,287)(2,890)(2,096)
Other financing activities22(134)48
Net cash flows from financing activities2,731961(806)
 
Effects of foreign currency exchange rate changes(289)64123
Increase (decrease) in cash and cash equivalents15,0831,1949,693
 
Cash and cash equivalents:
Cash and cash equivalents at beginning of year48,18646,992
Cash and cash equivalents at end of year63,26948,18646,992
 
Financial Segments
Insurance and Other
Investment gains/losses(3,503)(3,881)(990)
Proceeds from borrowings8452,6221,820
Repayments of borrowings(1,289)(2,750)(1,999)
Cash and cash equivalents at beginning of year57,97442,18642,186
Cash and cash equivalents at end of year57,97442,18642,186
 
Railroad, Utilities and Energy
Proceeds from borrowings5,7657,4914,707
Repayments of borrowings(1,862)(1,596)(2,119)
Cash and cash equivalents at beginning of year3,0012,5702,570
Cash and cash equivalents at end of year3,0012,5702,570
 
Finance and Financial Products
Investment gains/losses(72)(184)(472)
Proceeds from borrowings1,1483,4622,352
Repayments of borrowings(1,543)(3,927)(3,210)
Cash and cash equivalents at beginning of year2,2942,2362,236
Cash and cash equivalents at end of year2,2942,2362,236
 
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BERKSHIRE HATHAWAY INC

Ticker: BRK   Fiscal Year: 2014

Consolidated Balance Sheets

Period Ending Dec 31, 2014 10-K (Filed: Mar 2, 2015)

(In Millions, except shares in actual)
 As ofAs of
 Dec 31, 2014Dec 31, 2013
ASSETS
Cash and cash equivalents
$
63,269
48,186
Investments in equity securities117,470117,505
Inventories10,2369,860
Goodwill60,71457,011
Total assets526,186484,931
 
LIABILITIES AND SHAREHOLDERS' EQUITY
LIABILITIES
Income taxes, principally deferred61,23557,739
Total liabilities283,159260,446
 
SHAREHOLDERS' EQUITY
Common stock88
Capital in excess of par value35,57335,472
Accumulated other comprehensive income42,73244,025
Retained earnings163,620143,748
Treasury stock, at cost(1,763)(1,363)
Berkshire Hathaway shareholders' equity240,170221,890
 
Noncontrolling interests2,8572,595
Total shareholders' equity243,027224,485
 
Total liabilities and shareholders' equity526,186484,931
 
Financial Segments
Insurance and Other
Cash and cash equivalents57,97442,433
Investments in fixed maturity securities27,39728,785
Investments in equity securities115,529115,464
Other investments16,34612,334
Investments in H.J. Heinz Holding Corporation11,66012,111
Receivables21,85220,280
Inventories10,2369,860
Property, plant and equipment14,15313,623
Goodwill34,95933,067
Other23,76319,113
Total assets333,869307,070
 
Losses and loss adjustment expenses71,47764,866
Unearned premiums11,94410,770
Life, annuity and health insurance benefits13,26111,681
Accounts payable, accruals and other liabilities23,30721,979
Notes payable and other borrowings11,89412,440
Total liabilities131,883121,736
 
Railroad, Utilities and Energy
Cash and cash equivalents3,0013,400
Property, plant and equipment115,054102,482
Goodwill24,41822,603
Other16,34316,149
Total assets158,816144,634
 
Accounts payable, accruals and other liabilities15,59514,557
Notes payable and other borrowings55,57946,655
Total liabilities71,17461,212
 
Finance and Financial Products
Cash and cash equivalents2,2942,353
Investments in equity and fixed maturity securities1,2991,506
Investments in equity securities1,060938
Other investments5,9785,617
Loans and finance receivables12,56612,826
Property, plant and equipment and assets held for lease8,0377,700
Goodwill1,3371,341
Other1,9901,884
Total assets33,50133,227
 
Accounts payable, accruals and other liabilities1,3211,299
Derivative contract liabilities4,8105,331
Notes payable and other borrowings12,73613,129
Total liabilities18,86719,759
 
External Links 
BERKSHIRE HATHAWAY INC (BRK) Fiscal Year 2014
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