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: 2018 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2018 10-K (Filed: Feb 25, 2019) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2018 | Dec 31, 2017 | |
| ASSETS | ||
| Investments in fixed maturity securities | $ 19,898 | 21,353 |
| Investments in equity securities | 172,757 [1] | 170,540 [2] |
| Loans and finance receivables | 16,280 | 13,748 |
| Inventories | 19,069 | 17,366 |
| Goodwill | 81,025 | 81,258 |
| Deferred charges under retroactive reinsurance contracts | 14,104 | 15,278 |
| Total assets | 707,794 | 702,095 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| LIABILITIES | ||
| Income taxes, principally deferred | 51,375 | 56,607 |
| Unpaid losses and loss adjustment expenses | 68,458 | 61,122 |
| Unpaid losses and loss adjustment expenses under retroactive reinsurance contracts | 41,834 | 42,937 |
| Total liabilities | 355,294 | 350,141 |
| Shareholders' equity: | ||
| Common stock | 8 | 8 |
| Capital in excess of par value | 35,707 | 35,694 |
| Accumulated other comprehensive income | (5,015) | 58,571 |
| Retained earnings | 321,112 | 255,786 |
| Treasury stock, at cost | (3,109) | (1,763) |
| Berkshire Hathaway shareholders' equity | 348,703 | 348,296 |
| Noncontrolling interests | 3,797 | 3,658 |
| Total shareholders' equity | 352,500 | 351,954 |
| Total liabilities and shareholders' equity | 707,794 | 702,095 |
| Product and Service | ||
| Insurance and Other | ||
| Cash and cash equivalents | 27,749 | 28,673 |
| Short-term investments in U.S. Treasury Bills | 81,506 | 84,371 |
| Investments in fixed maturity securities | 19,898 | 21,353 |
| Investments in equity securities | 172,757 | 170,540 |
| Equity method investments | 17,325 | 21,024 |
| Loans and finance receivables | 16,280 | 13,748 |
| Other receivables | 31,564 | 29,392 |
| Inventories | 19,069 | 17,366 |
| Property, plant and equipment | 20,628 | 19,868 |
| Equipment held for lease | 14,298 | 10,167 |
| Goodwill | 56,323 | 56,478 |
| Other intangible assets | 31,499 | 32,518 |
| Deferred charges under retroactive reinsurance contracts | 14,104 | 15,278 |
| Other | 9,307 | 9,391 |
| Total assets | 532,307 | 530,167 |
| Unpaid losses and loss adjustment expenses | 68,458 | 61,122 |
| Unpaid losses and loss adjustment expenses under retroactive reinsurance contracts | 41,834 | 42,937 |
| Unearned premiums | 18,093 | 16,040 |
| Life, annuity and health insurance benefits | 18,632 | 17,608 |
| Other policyholder liabilities | 7,675 | 7,654 |
| Accounts payable, accruals and other liabilities | 25,776 | 24,569 |
| Derivative contract liabilities | 2,452 | 2,172 |
| Aircraft repurchase liabilities and unearned lease revenues | 4,593 | |
| Notes payable and other borrowings | 34,975 | 40,409 |
| Total liabilities | 222,488 | 212,511 |
| Railroad, Utilities and Energy | ||
| Cash and cash equivalents | 2,612 [3] | 2,910 |
| Receivables | 3,666 | 3,531 |
| Property, plant and equipment | 131,780 | 128,184 |
| Goodwill | 24,702 | 24,780 |
| Regulatory assets | 3,067 | 2,950 |
| Other | 9,660 | 9,573 |
| Total assets | 175,487 | 171,928 |
| Accounts payable, accruals and other liabilities | 11,410 | 11,334 |
| Regulatory liabilities | 7,506 | 7,511 |
| Notes payable and other borrowings | 62,515 | 62,178 |
| Total liabilities | 81,431 | 81,023 |
| [1] Approximately 68% of the aggregate fair value was concentrated in five companies (American Express Company - $14.5 billion; Apple Inc. - $40.3 billion; Bank of America Corporation - $22.6 billion; The Coca-Cola Company - $18.9 billion and Wells Fargo & Company - $20.7 billion). | ||
| [2] 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). | ||
| [3] Cash and cash equivalents includes U.S. Treasury Bills with maturities of three months or less when purchased of $3.9 billion at December 31, 2018 and $5.7 billion at December 31, 2017. | ||
| External Links | |
| BERKSHIRE HATHAWAY INC (BRK) Fiscal Year 2018 | |
| 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 |