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: 2011 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 27, 2012) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Revenues: | |||
| Investment gains/losses | $ 2,182 | 4,058 | 318 |
| Other-than-temporary impairment losses on investments | (908) | (1,973) | (3,155) |
| Total revenues | 143,688 | 136,185 | 112,493 |
| Costs and expenses: | |||
| Total costs and expenses | 128,374 | 117,134 | 100,941 |
| Earnings before income taxes | 15,314 | 19,051 | 11,552 |
| Income tax expense | 4,568 | 5,607 | 3,538 |
| Earnings from equity method investments | 50 | 427 | |
| Net earnings | 10,746 | 13,494 | 8,441 |
| Less: Earnings attributable to noncontrolling interests | 492 | 527 | 386 |
| Net earnings attributable to Berkshire Hathaway | 10,254 | 12,967 | 8,055 |
| Average common shares outstanding | 1,649,891 [1] | 1,635,661 | 1,551,174 |
| Net earnings per share attributable to Berkshire Hathaway shareholders: | |||
| Financial Segments | |||
| Insurance and Other | |||
| Insurance premiums earned | 32,075 | 30,749 | 27,884 |
| Sales and service revenues | 72,803 | 67,225 | 62,555 |
| Interest, dividend and other investment income | 4,792 | 5,215 | 5,531 |
| Investment gains/losses | 1,973 | 4,044 | 358 |
| Other-than-temporary impairment losses on investments | (908) | (1,973) | (3,155) |
| Total revenues | 110,735 | 105,260 | 93,173 |
| Insurance losses and loss adjustment expenses | 20,829 | 18,087 | 18,251 |
| Life, annuity and health insurance benefits | 4,879 | 4,453 | 1,937 |
| Insurance underwriting expenses | 6,119 | 6,196 | 6,236 |
| Cost of sales and services | 59,839 | 55,585 | 52,647 |
| Selling, general and administrative expenses | 8,670 | 7,704 | 8,117 |
| Interest expense | 308 | 278 | 189 |
| Total costs and expenses | 100,644 | 92,303 | 87,377 |
| Railroad, Utilities and Energy | |||
| Operating revenues | 30,721 | 26,186 | 11,204 |
| Other | 118 | 178 | 239 |
| Total revenues | 30,839 | 26,364 | 11,443 |
| Cost of sales and operating expenses | 22,736 | 19,637 | 8,739 |
| Interest expense | 1,703 | 1,577 | 1,176 |
| Total costs and expenses | 24,439 | 21,214 | 9,915 |
| Finance and Financial Products | |||
| Interest, dividend and other investment income | 1,618 | 1,683 | 1,600 |
| Investment gains/losses | 209 | 14 | (40) |
| Derivative gains/losses | (2,104) | 261 | 3,624 |
| Other | 2,391 | 2,603 | 2,693 |
| Total revenues | 2,114 | 4,561 | 7,877 |
| Interest expense | 653 | 703 | 627 |
| Other | 2,638 | 2,914 | 3,022 |
| Total costs and expenses | 3,291 | 3,617 | 3,649 |
| Class of Stock | |||
| Class A | |||
| Net earnings per share attributable to Berkshire Hathaway shareholders | 6215 | 7928 | 5193 |
| [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 common share attributable to Berkshire Hathaway 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 $4.14 per share for 2011, $5.29 per share for 2010 and $3.46 per share for 2009. | |||
| External Links | |
| BERKSHIRE HATHAWAY INC (BRK) Fiscal Year 2011 | |
| 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 |