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 Statements of Cash Flows | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 25, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Cash flows from operating activities: | |||
| Net earnings | $ 4,322 | 45,353 | 24,427 |
| Adjustments to reconcile net earnings to operating cash flows: | |||
| Investment gains/losses | 22,155 | (1,410) | (7,553) |
| Depreciation and amortization | 9,779 | 9,188 | 8,901 |
| Other | 2,957 | 458 | (161) |
| Changes in operating assets and liabilities: | |||
| Losses and loss adjustment expenses | 3,449 | 25,027 | 4,372 |
| Deferred charges reinsurance assumed | 1,174 | (7,231) | (360) |
| Unearned premiums | 1,794 | 1,761 | 968 |
| Receivables and originated loans | (3,443) | (1,990) | (3,302) |
| Other assets | (1,832) | (1,665) | (373) |
| Other liabilities | 2,002 | 1,194 | 1,684 |
| Income taxes | (4,957) | (24,957) | 4,044 |
| Net cash flows from operating activities | 37,400 | 45,728 | 32,647 |
| Cash flows from investing activities: | |||
| Purchases of U.S. Treasury Bills and fixed maturity securities | (141,844) | (158,492) | (96,568) |
| Purchases of equity securities | (43,210) | (20,326) | (16,508) |
| Sales of U.S. Treasury Bills and fixed maturity securities | 39,693 | 49,327 | 18,757 |
| Redemptions and maturities of U.S. Treasury Bills and fixed maturity securities | 113,045 | 86,727 | 26,177 |
| Sales and redemptions of equity securities | 18,783 | 19,512 | 28,464 |
| Purchases of loans and finance receivables | (1,771) | (1,435) | (307) |
| Collections of loans and finance receivables | 342 | 1,702 | 490 |
| Acquisitions of businesses, net of cash acquired | (3,279) | (2,708) | (31,399) |
| Purchases of property, plant and equipment and equipment held for lease | (14,537) | (11,708) | (12,954) |
| Other | (71) | (3,608) | (377) |
| Net cash flows from investing activities | (32,849) | (41,009) | (84,225) |
| Cash flows from financing activities: | |||
| Changes in short term borrowings, net | (1,943) | 2,079 | 130 |
| Acquisition of treasury stock | (1,346) | ||
| Other | (343) | (121) | 112 |
| Net cash flows from financing activities | (5,812) | (1,398) | 12,791 |
| Effects of foreign currency exchange rate changes | (140) | 248 | (172) |
| Increase (decrease) in cash and cash equivalents and restricted cash | (1,401) | 3,569 | (38,959) |
| Cash and cash equivalents and restricted cash at beginning of year | 32,212 | 28,643 | |
| Cash and cash equivalents and restricted cash at end of year | 30,811 | 32,212 | 28,643 |
| Restricted cash, included in other assets at end of year | 450 | 629 | 595 |
| Product and Service | |||
| Insurance and Other | |||
| Proceeds from borrowings | 2,409 | 2,645 | 14,172 |
| Repayments of borrowings | (7,395) | (5,465) | (2,577) |
| Cash and cash equivalents at end of year | 27,749 | 28,673 | 24,109 |
| Railroad, Utilities and Energy | |||
| Proceeds from borrowings | 7,019 | 3,013 | 3,077 |
| Repayments of borrowings | (4,213) | (3,549) | (2,123) |
| Cash and cash equivalents at end of year | 2,612 [1] | 2,910 | 3,939 |
| [1] 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 |