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: 2015 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 29, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Revenues: | |||
| Sales and service revenues | $ 112,400 | 102,200 | 97,600 |
| Investment gains/losses | 9,373 | 3,575 | 4,065 |
| Total revenues | 210,821 | 194,673 | 182,150 |
| Costs and expenses: | |||
| Interest expense | 3,515 | 3,253 | 2,801 |
| Total costs and expenses | 175,875 | 166,568 | 153,354 |
| Earnings before income taxes | 34,946 | 28,105 | 28,796 |
| Income tax expense | 10,532 | 7,935 | 8,951 |
| Net earnings | 24,414 | 20,170 | 19,845 |
| Less: Earnings attributable to noncontrolling interests | 331 | 298 | 369 |
| Net earnings attributable to Berkshire Hathaway shareholders | 24,083 | 19,872 | 19,476 |
| Net earnings per share attributable to Berkshire Hathaway shareholders: | |||
| Financial Segments | |||
| Insurance and Other | |||
| Insurance premiums earned | 41,294 | 41,253 | 36,684 |
| Sales and service revenues | 107,001 | 97,097 | 92,993 |
| Interest, dividend and other investment income | 5,235 | 5,026 | 4,934 |
| Investment gains/losses | 9,363 | 3,503 | 3,881 |
| Total revenues | 162,893 | 146,879 | 138,492 |
| Insurance losses and loss adjustment expenses | 26,527 | 26,406 | 21,275 |
| Life, annuity and health insurance benefits | 5,413 | 5,181 | 5,072 |
| Insurance underwriting expenses | 7,517 | 6,998 | 7,248 |
| Cost of sales and services | 87,029 | 78,873 | 75,953 |
| Selling, general and administrative expenses | 13,723 | 12,198 | 11,732 |
| Interest expense | 460 | 419 | 395 |
| Total costs and expenses | 140,669 | 130,075 | 121,675 |
| Railroad, Utilities and Energy | |||
| Total revenues | 40,004 | 40,690 | 34,757 |
| Cost of sales and operating expenses | 27,650 | 29,378 | 25,157 |
| Interest expense | 2,653 | 2,378 | 1,865 |
| Total costs and expenses | 30,303 | 31,756 | 27,022 |
| Finance and Financial Products | |||
| Sales and service revenues | 5,430 | 5,094 | 4,635 |
| Interest, dividend and other investment income | 1,510 | 1,432 | 1,474 |
| Investment gains/losses | 10 | 72 | 184 |
| Derivative gains/losses | 974 | 506 | 2,608 |
| Total revenues | 7,924 | 7,104 | 8,901 |
| Cost of sales and services | 2,915 | 2,758 | 2,566 |
| Selling, general and administrative expenses | 1,586 | 1,523 | 1,550 |
| Interest expense | 402 | 456 | 541 |
| Total costs and expenses | 4,903 | 4,737 | 4,657 |
| Class of Stock | |||
| Class A | |||
| Net earnings per share attributable to Berkshire Hathaway shareholders | 14656 [1] | 12092 | 11850 |
| Average equivalent Class A shares outstanding | 1,643,183 | 1,643,456 | 1,643,613 |
| [1] Average shares outstanding and net earnings per share are shown on an equivalent Class A common stock basis. Equivalent Class B shares outstanding are 1,500 times the equivalent Class A amount. Net earnings per equivalent Class B share outstanding are one-fifteen-hundredth (1/1,500) of the equivalent Class A amount or $9.77 for 2015, $8.06 for 2014 and $7.90 for 2013. | |||
| External Links | |
| BERKSHIRE HATHAWAY INC (BRK) Fiscal Year 2015 | |
| 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 |