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: 2012 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2012 10-K (Filed: Mar 1, 2013) | |||
(In Millions, except shares in actual) | |||
12 Months Ended | 12 Months Ended | 12 Months Ended | |
Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
Revenues: | |||
Investment gains/losses | $ 1,799 | 2,182 | 4,058 |
Other-than-temporary impairment losses on investments | (337) | (908) | (1,973) |
Total revenues | 162,463 | 143,688 | 136,185 |
Costs and expenses: | |||
Total costs and expenses | 140,227 | 128,374 | 117,134 |
Earnings before income taxes | 22,236 | 15,314 | 19,051 |
Income tax expense | 6,924 | 4,568 | 5,607 |
Earnings from equity method investments | 50 | ||
Net earnings | 15,312 | 10,746 | 13,494 |
Less: Earnings attributable to noncontrolling interests | 488 | 492 | 527 |
Net earnings attributable to Berkshire Hathaway shareholders | 14,824 | 10,254 | 12,967 |
Average common shares outstanding | 1,651,294 [1] | 1,649,891 | 1,635,661 |
Net earnings per share attributable to Berkshire Hathaway shareholders: | |||
Financial Segments | |||
Insurance and Other | |||
Insurance premiums earned | 34,545 | 32,075 | 30,749 |
Sales and service revenues | 83,268 | 72,803 | 67,225 |
Interest, dividend and other investment income | 4,534 | 4,792 | 5,215 |
Investment gains/losses | 1,327 | 1,973 | 4,044 |
Other-than-temporary impairment losses on investments | (337) | (908) | (1,973) |
Total revenues | 123,337 | 110,735 | 105,260 |
Insurance losses and loss adjustment expenses | 20,113 | 20,829 | 18,087 |
Life, annuity and health insurance benefits | 5,114 | 4,879 | 4,453 |
Insurance underwriting expenses | 7,693 | 6,119 | 6,196 |
Cost of sales and services | 67,536 | 59,839 | 55,585 |
Selling, general and administrative expenses | 10,503 | 8,670 | 7,704 |
Interest expense | 397 | 308 | 278 |
Total costs and expenses | 111,356 | 100,644 | 92,303 |
Railroad, Utilities and Energy | |||
Operating revenues | 32,383 | 30,721 | 26,186 |
Other | 199 | 118 | 178 |
Total revenues | 32,582 | 30,839 | 26,364 |
Cost of sales and operating expenses | 23,816 | 22,736 | 19,637 |
Interest expense | 1,745 | 1,703 | 1,577 |
Total costs and expenses | 25,561 | 24,439 | 21,214 |
Finance and Financial Products | |||
Interest, dividend and other investment income | 1,572 | 1,618 | 1,683 |
Investment gains/losses | 472 | 209 | 14 |
Derivative gains/losses | 1,963 | (2,104) | 261 |
Other | 2,537 | 2,391 | 2,603 |
Total revenues | 6,544 | 2,114 | 4,561 |
Interest expense | 602 | 653 | 703 |
Other | 2,708 | 2,638 | 2,914 |
Total costs and expenses | 3,310 | 3,291 | 3,617 |
Class of Stock | |||
Class A | |||
Net earnings per share attributable to Berkshire Hathaway shareholders | 8977 | 6215 | 7928 |
[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 $5.98 per share for 2012, $4.14 per share for 2011 and $5.29 per share for 2010. |
External Links | |
BERKSHIRE HATHAWAY INC (BRK) Fiscal Year 2012 | |
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 |