10-K.Info (Beta Test)
Courtesy of Short Sands, LLC
10-K.Info (Beta Test)
Courtesy of Short Sands, LLC

BERKSHIRE HATHAWAY INC

Ticker: BRK   Fiscal Year: 2009

Consolidated Statements of Earnings

Period Ending Dec 31, 2009 10-K (Filed: Mar 1, 2010)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2009Dec 31, 2008Dec 31, 2007
Net income loss attributable to reporting entity
Income loss from continuing operations before income taxes minority
Revenues:
Total revenues
$
112,493
107,786118,245
 
Costs and expenses:
Total costs and expenses100,941100,21298,084
 
Earnings before income taxes and equity method earnings11,5527,57420,161
 
Income tax expense3,5381,9786,594
Earnings from equity method investments427
Net earnings8,4415,59613,567
 
Less: Earnings attributable to noncontrolling interests386602354
Net earnings attributable to Berkshire Hathaway8,0554,99413,213
 
Average common shares outstanding [1]1,551,1741,548,960 [1]1,545,751
Net earnings per share attributable to Berkshire Hathaway shareholders:
Statement Business Segment
Insurance and Other:
Insurance premiums earned27,88425,52531,783
Sales and service revenues62,55565,85458,243
Interest, dividend and other investment income5,2454,9664,979
Investment gains/losses2511,1665,405
Other-than-temporary impairment losses on investments(3,155)(1,813)
Total revenues92,78095,698100,410
 
Insurance losses and loss adjustment expenses18,25116,25921,010
Life and health insurance benefits1,8381,8401,786
Insurance underwriting expenses6,2364,6345,613
Cost of sales and services52,64754,10347,477
Selling, general and administrative expenses8,1178,0527,098
Interest expense130156164
Total costs and expenses87,21985,04483,148
 
Utilities and Energy:
Operating revenues11,20412,66812,376
Other2391,303252
Total revenues11,44313,97112,628
 
Cost of sales and operating expenses8,7399,8409,696
Interest expense1,1761,1681,158
Total costs and expenses9,91511,00810,854
 
Finance and Financial Products:
Interest, dividend and other investment income1,8861,7901,717
Investment gains/losses677193
Derivative gains/losses3,624(6,821)(89)
Other2,6933,1413,386
Total revenues8,270(1,883)5,207
 
Interest expense686639588
Other3,1213,5213,494
Total costs and expenses3,8074,1604,082
 
Class of Stock
Class A
Net earnings per share attributable to Berkshire Hathaway shareholders [1]5193.003224.008548.00
 
Class B
Net earnings per share attributable to Berkshire Hathaway shareholders [1]3.462.155.70
 
[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 share attributable to Berkshire Hathaway shareholders 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 $3.46 per share for 2009, $2.15 per share for 2008 and $5.70 per share for 2007 after giving effect to the 50-for
External Links 
BERKSHIRE HATHAWAY INC (BRK) Fiscal Year 2009
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