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: 2014 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2014 10-K (Filed: Mar 2, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Revenues: | |||
| Sales and service revenues | $ 102,200 | 97,600 | 85,800 |
| Investment gains/losses | 3,575 | 4,065 | 1,462 |
| Total revenues | 194,673 | 182,150 | 162,463 |
| Costs and expenses: | |||
| Total costs and expenses | 166,568 | 153,354 | 140,227 |
| Earnings before income taxes | 28,105 | 28,796 | 22,236 |
| Income tax expense | 7,935 | 8,951 | 6,924 |
| Net earnings | 20,170 | 19,845 | 15,312 |
| Less: Earnings attributable to noncontrolling interests | 298 | 369 | 488 |
| Net earnings attributable to Berkshire Hathaway shareholders | 19,872 | 19,476 | 14,824 |
| Average common shares outstanding | 1,643,456 [1] | 1,643,613 | 1,651,294 |
| Net earnings per share attributable to Berkshire Hathaway shareholders: | |||
| Financial Segments | |||
| Insurance and Other | |||
| Insurance premiums earned | 41,253 | 36,684 | 34,545 |
| Sales and service revenues | 97,097 | 92,993 | 81,447 |
| Interest, dividend and other investment income | 5,026 | 4,934 | 4,532 |
| Investment gains/losses | 3,503 | 3,881 | 990 |
| Total revenues | 146,879 | 138,492 | 121,514 |
| Insurance losses and loss adjustment expenses | 26,406 | 21,275 | 20,113 |
| Life, annuity and health insurance benefits | 5,181 | 5,072 | 5,114 |
| Insurance underwriting expenses | 6,998 | 7,248 | 7,693 |
| Cost of sales and services | 78,873 | 75,953 | 66,419 |
| Selling, general and administrative expenses | 12,198 | 11,732 | 10,307 |
| Interest expense | 419 | 395 | 363 |
| Total costs and expenses | 130,075 | 121,675 | 110,009 |
| Railroad, Utilities and Energy | |||
| Total revenues | 40,690 | 34,757 | 32,582 |
| Cost of sales and operating expenses | 29,378 | 25,157 | 23,816 |
| Interest expense | 2,378 | 1,865 | 1,745 |
| Total costs and expenses | 31,756 | 27,022 | 25,561 |
| Finance and Financial Products | |||
| Sales and service revenues | 5,094 | 4,635 | 4,358 |
| Interest, dividend and other investment income | 1,432 | 1,474 | 1,574 |
| Investment gains/losses | 72 | 184 | 472 |
| Derivative gains/losses | 506 | 2,608 | 1,963 |
| Total revenues | 7,104 | 8,901 | 8,367 |
| Cost of sales and services | 2,758 | 2,566 | 2,458 |
| Selling, general and administrative expenses | 1,523 | 1,550 | 1,563 |
| Interest expense | 456 | 541 | 636 |
| Total costs and expenses | 4,737 | 4,657 | 4,657 |
| Class of Stock | |||
| Class A | |||
| Net earnings per share attributable to Berkshire Hathaway shareholders | 12092 | 11850 | 8977 |
| [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 $8.06 per share for 2014, $7.90 per share for 2013 and $5.98 per share for 2012. | |||
| External Links | |
| BERKSHIRE HATHAWAY INC (BRK) Fiscal Year 2014 | |
| 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 |