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: 2020 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2020 10-K (Filed: Mar 1, 2021) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2020 | Dec 31, 2019 | |
| ASSETS | ||
| Investments in fixed maturity securities | $ 20,410 | 18,685 |
| Investments in equity securities | 281,170 [1] | 248,027 [2] |
| Loans and finance receivables | 19,201 | 17,527 |
| Inventories | 19,208 | 19,852 |
| Equipment held for lease | 14,601 | 15,065 |
| Goodwill | 73,734 [3] | 81,882 |
| Deferred charges under retroactive reinsurance contracts | 12,441 | 13,747 |
| Total assets | 873,729 | 817,729 |
| LIABILITIES AND SHAREHOLDERS EQUITY | ||
| LIABILITIES | ||
| Unpaid losses and loss adjustment expenses | 79,854 | 73,019 |
| Unpaid losses and loss adjustment expenses under retroactive reinsurance contracts | 40,966 | 42,441 |
| Income taxes, principally deferred | 74,098 | 66,799 |
| Total liabilities | 422,393 | 389,166 |
| Shareholders equity: | ||
| Common stock | 8 | 8 |
| Capital in excess of par value | 35,626 | 35,658 |
| Accumulated other comprehensive income | (4,243) | (5,243) |
| Retained earnings | 444,626 | 402,493 |
| Treasury stock, at cost | (32,853) | (8,125) |
| Berkshire Hathaway shareholders equity | 443,164 | 424,791 |
| Noncontrolling interests | 8,172 | 3,772 |
| Total shareholders equity | 451,336 | 428,563 |
| Total liabilities and shareholders' equity | 873,729 | 817,729 |
| Product and Service | ||
| Insurance and Other | ||
| Cash and cash equivalents | 44,714 | 61,151 |
| Short-term investments in U.S. Treasury Bills | 90,300 | 63,822 |
| Investments in fixed maturity securities | 20,410 | 18,685 |
| Investments in equity securities | 281,170 | 248,027 |
| Equity method investments | 17,303 | 17,505 |
| Loans and finance receivables | 19,201 | 17,527 |
| Other receivables | 32,310 | 32,418 |
| Inventories | 19,208 | 19,852 |
| Property, plant and equipment | 21,200 | 21,438 |
| Equipment held for lease | 14,601 | 15,065 |
| Goodwill | 47,121 | 57,052 |
| Other intangible assets | 29,462 | 31,051 |
| Deferred charges under retroactive reinsurance contracts | 12,441 | 13,747 |
| Other | 14,580 | 13,232 |
| Total assets | 664,021 | 630,572 |
| Unpaid losses and loss adjustment expenses | 79,854 | 73,019 |
| Unpaid losses and loss adjustment expenses under retroactive reinsurance contracts | 40,966 | 42,441 |
| Unearned premiums | 21,395 | 19,782 |
| Life, annuity and health insurance benefits | 21,616 | 20,155 |
| Other policyholder liabilities | 8,670 | 7,723 |
| Accounts payable, accruals and other liabilities | 29,279 | 27,611 |
| Derivative contract liabilities | 1,065 | 968 |
| Aircraft repurchase liabilities and unearned lease revenues | 5,856 | 5,281 |
| Notes payable and other borrowings | 41,522 | 37,590 |
| Total liabilities | 250,223 | 234,570 |
| Railroad, Utilities and Energy | ||
| Cash and cash equivalents | 3,276 | 3,024 |
| Receivables | 3,542 | 3,417 |
| Property, plant and equipment | 151,216 | 137,838 |
| Goodwill | 26,613 | 24,830 |
| Regulatory assets | 3,440 | 2,881 |
| Other | 21,621 | 15,167 |
| Total assets | 209,708 | 187,157 |
| Accounts payable, accruals and other liabilities | 15,224 | 14,708 |
| Regulatory liabilities | 7,475 | 7,311 |
| Notes payable and other borrowings | 75,373 | 65,778 |
| Total liabilities | 98,072 | 87,797 |
| [1] Approximately 68% of the aggregate fair value was concentrated in four companies (American Express Company $18.3 billion; Apple Inc. $120.4 billion; Bank of America Corporation $31.3 billion and The Coca-Cola Company $21.9 billion). | ||
| [2] Approximately 60% of the aggregate fair value was concentrated in four companies (American Express Company $18.9 billion; Apple Inc. $73.7 billion; Bank of America Corporation $33.4 billion and The Coca-Cola Company $22.1 billion). | ||
| [3] Net of accumulated goodwill impairments of $11.0 billion as of December 31, 2020 and $1.1 billion as of December 31, 2019. | ||
| External Links | |
| BERKSHIRE HATHAWAY INC (BRK) Fiscal Year 2020 | |
| 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 |