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: 2012

Consolidated Statements of Earnings

Period Ending Dec 31, 2012 10-K (Filed: Mar 1, 2013)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2012Dec 31, 2011Dec 31, 2010
Revenues:
Investment gains/losses
$
1,799
2,1824,058
Other-than-temporary impairment losses on investments(337)(908)(1,973)
Total revenues162,463143,688136,185
 
Costs and expenses:
Total costs and expenses140,227128,374117,134
 
Earnings before income taxes22,23615,31419,051
 
Income tax expense6,9244,5685,607
Earnings from equity method investments50
Net earnings15,31210,74613,494
 
Less: Earnings attributable to noncontrolling interests488492527
Net earnings attributable to Berkshire Hathaway shareholders14,82410,25412,967
 
Average common shares outstanding1,651,294 [1]1,649,8911,635,661
Net earnings per share attributable to Berkshire Hathaway shareholders:
Financial Segments
Insurance and Other
Insurance premiums earned34,54532,07530,749
Sales and service revenues83,26872,80367,225
Interest, dividend and other investment income4,5344,7925,215
Investment gains/losses1,3271,9734,044
Other-than-temporary impairment losses on investments(337)(908)(1,973)
Total revenues123,337110,735105,260
 
Insurance losses and loss adjustment expenses20,11320,82918,087
Life, annuity and health insurance benefits5,1144,8794,453
Insurance underwriting expenses7,6936,1196,196
Cost of sales and services67,53659,83955,585
Selling, general and administrative expenses10,5038,6707,704
Interest expense397308278
Total costs and expenses111,356100,64492,303
 
Railroad, Utilities and Energy
Operating revenues32,38330,72126,186
Other199118178
Total revenues32,58230,83926,364
 
Cost of sales and operating expenses23,81622,73619,637
Interest expense1,7451,7031,577
Total costs and expenses25,56124,43921,214
 
Finance and Financial Products
Interest, dividend and other investment income1,5721,6181,683
Investment gains/losses47220914
Derivative gains/losses1,963(2,104)261
Other2,5372,3912,603
Total revenues6,5442,1144,561
 
Interest expense602653703
Other2,7082,6382,914
Total costs and expenses3,3103,2913,617
 
Class of Stock
Class A
Net earnings per share attributable to Berkshire Hathaway shareholders897762157928
[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