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: 2017 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2017 10-K (Filed: Feb 26, 2018) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2017 | Dec 31, 2016 | |
| ASSETS | ||
| Cash and cash equivalents | $ 31,583 | 28,048 |
| Short-term investments in U.S. Treasury Bills | 84,400 | |
| Investments in fixed maturity securities | 21,353 | 23,432 |
| Investments in equity securities | 170,540 [1] | 139,288 [2] |
| Inventories | 16,187 | 15,727 |
| Goodwill | 81,258 | 79,486 |
| Deferred charges under retroactive reinsurance contracts | 15,278 | 8,047 |
| Total assets | 702,095 | 620,854 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| LIABILITIES | ||
| Income taxes, principally deferred | 56,607 | 77,442 |
| Unpaid losses and loss adjustment expenses | 61,122 | 53,379 |
| Unpaid losses and loss adjustment expenses under retroactive reinsurance contracts | 42,937 | 24,972 |
| Total liabilities | 350,141 | 335,426 |
| Shareholders' equity: | ||
| Common stock | 8 | 8 |
| Capital in excess of par value | 35,694 | 35,681 |
| Accumulated other comprehensive income | 58,571 | 37,298 |
| Retained earnings | 255,786 | 210,846 |
| Treasury stock, at cost | (1,763) | (1,763) |
| Berkshire Hathaway shareholders' equity | 348,296 | 282,070 |
| Noncontrolling interests | 3,658 | 3,358 |
| Total shareholders' equity | 351,954 | 285,428 |
| Total liabilities and shareholders' equity | 702,095 | 620,854 |
| Products and Services | ||
| Insurance and Other | ||
| Cash and cash equivalents | 25,460 | 23,581 |
| Short-term investments in U.S. Treasury Bills | 78,515 | 47,338 |
| Investments in fixed maturity securities | 21,353 | 23,432 |
| Investments in equity securities | 164,026 | 134,835 |
| Investments in The Kraft Heinz Company (Fair Value: 2017 - $25,306; 2016 - $28,418) | 17,635 | 15,345 |
| Receivables | 28,578 | 27,097 |
| Inventories | 16,187 | 15,727 |
| Property, plant and equipment | 20,104 | 19,325 |
| Goodwill | 54,985 | 53,994 |
| Other intangible assets | 32,518 | 33,481 |
| Deferred charges under retroactive reinsurance contracts | 15,278 | 8,047 |
| Other | 11,158 | 7,126 |
| Total assets | 485,797 | 409,328 |
| Unpaid losses and loss adjustment expenses | 61,122 | 53,379 |
| Unpaid losses and loss adjustment expenses under retroactive reinsurance contracts | 42,937 | 24,972 |
| Unearned premiums | 16,040 | 14,245 |
| Life, annuity and health insurance benefits | 17,608 | 15,977 |
| Other policyholder liabilities | 7,654 | 6,714 |
| Accounts payable, accruals and other liabilities | 23,099 | 22,164 |
| Notes payable and other borrowings | 27,324 | 27,175 |
| Total liabilities | 195,784 | 164,626 |
| Railroad, Utilities and Energy | ||
| Cash and cash equivalents | 2,910 | 3,939 |
| Property, plant and equipment | 128,184 | 123,759 |
| Goodwill | 24,780 | 24,111 |
| Regulatory assets | 2,950 | 4,457 |
| Other | 15,589 | 13,550 |
| Total assets | 174,413 | 169,816 |
| Accounts payable, accruals and other liabilities | 11,334 | 11,434 |
| Regulatory liabilities | 7,511 | 3,121 |
| Notes payable and other borrowings | 62,178 | 59,085 |
| Total liabilities | 81,023 | 73,640 |
| Finance and Financial Products | ||
| Cash and cash equivalents | 3,213 | 528 |
| Short-term investments in U.S. Treasury Bills | 5,856 | 10,984 |
| Loans and finance receivables | 13,748 | 13,300 |
| Property, plant and equipment and assets held for lease | 9,931 | 9,689 |
| Goodwill | 1,493 | 1,381 |
| Other | 7,644 | 5,828 |
| Total assets | 41,885 | 41,710 |
| Accounts payable, accruals and other liabilities | 1,470 | 1,444 |
| Derivative contract liabilities | 2,172 | 2,890 |
| Notes payable and other borrowings | 13,085 | 15,384 |
| Total liabilities | 16,727 | 19,718 |
| [2] Approximately 60% of the aggregate fair value was concentrated in five companies (American Express Company - $11.2 billion; Bank of America Corporation - $14.5 billion; The Coca-Cola Company - $16.6 billion; International Business Machines Corporation - $13.5 billion and Wells Fargo & Company - $27.6 billion). | ||
| [1] Approximately 65% of the aggregate fair value was concentrated in five companies (American Express Company - $15.1 billion; Apple Inc. - $28.2 billion; Bank of America Corporation - $20.7 billion; The Coca-Cola Company - $18.4 billion and Wells Fargo & Company - $29.3 billion). | ||
| External Links | |
| BERKSHIRE HATHAWAY INC (BRK) Fiscal Year 2017 | |
| 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 |