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: 2013 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2013 10-K (Filed: Mar 3, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Revenues: | |||
| Investment gains/losses | $ 4,065 | 1,462 | 1,274 |
| Total revenues | 182,150 | 162,463 | 143,688 |
| Costs and expenses: | |||
| Total costs and expenses | 153,354 | 140,227 | 128,374 |
| Earnings before income taxes | 28,796 | 22,236 | 15,314 |
| Income tax expense | 8,951 | 6,924 | 4,568 |
| Net earnings | 19,845 | 15,312 | 10,746 |
| Less: Earnings attributable to noncontrolling interests | 369 | 488 | 492 |
| Net earnings attributable to Berkshire Hathaway shareholders | 19,476 | 14,824 | 10,254 |
| Average common shares outstanding | 1,643,613 [1] | 1,651,294 | 1,649,891 |
| Net earnings per share attributable to Berkshire Hathaway shareholders: | |||
| Financial Segments | |||
| Insurance and Other | |||
| Insurance premiums earned | 36,684 | 34,545 | 32,075 |
| Sales and service revenues | 94,806 | 83,268 | 72,803 |
| Interest, dividend and other investment income | 4,939 | 4,534 | 4,792 |
| Investment gains/losses | 3,881 | 990 | 1,065 |
| Total revenues | 140,310 | 123,337 | 110,735 |
| Insurance losses and loss adjustment expenses | 21,275 | 20,113 | 20,829 |
| Life, annuity and health insurance benefits | 5,072 | 5,114 | 4,879 |
| Insurance underwriting expenses | 7,248 | 7,693 | 6,119 |
| Cost of sales and services | 77,053 | 67,536 | 59,839 |
| Selling, general and administrative expenses | 11,917 | 10,503 | 8,670 |
| Interest expense | 426 | 397 | 308 |
| Total costs and expenses | 122,991 | 111,356 | 100,644 |
| Railroad, Utilities and Energy | |||
| Operating revenues | 34,649 | 32,383 | 30,721 |
| Other | 108 | 199 | 118 |
| Total revenues | 34,757 | 32,582 | 30,839 |
| Cost of sales and operating expenses | 25,157 | 23,816 | 22,736 |
| Interest expense | 1,865 | 1,745 | 1,703 |
| Total costs and expenses | 27,022 | 25,561 | 24,439 |
| Finance and Financial Products | |||
| Interest, dividend and other investment income | 1,469 | 1,572 | 1,618 |
| Investment gains/losses | 184 | 472 | 209 |
| Derivative gains/losses | 2,608 | 1,963 | (2,104) |
| Other | 2,822 | 2,537 | 2,391 |
| Total revenues | 7,083 | 6,544 | 2,114 |
| Interest expense | 510 | 602 | 653 |
| Other | 2,831 | 2,708 | 2,638 |
| Total costs and expenses | 3,341 | 3,310 | 3,291 |
| Class of Stock | |||
| Class A | |||
| Net earnings per share attributable to Berkshire Hathaway shareholders | 11850 | 8977 | 6215 |
| [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 $7.90 per share for 2013, $5.98 per share for 2012 and $4.14 per share for 2011. | |||
| External Links | |
| BERKSHIRE HATHAWAY INC (BRK) Fiscal Year 2013 | |
| 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 |