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: 2016 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 27, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Revenues: | |||
| Sales and service revenues | $ 125,700 | 112,400 | 102,200 |
| Investment gains/losses | 7,553 | 9,373 | 3,575 |
| Total revenues | 223,604 | 210,943 | 194,699 |
| Costs and expenses: | |||
| Insurance losses and loss adjustment expenses | 30,906 | 26,527 | 26,406 |
| Interest expense | 3,497 | 3,515 | 3,253 |
| Total costs and expenses | 190,860 | 175,875 | 166,568 |
| Earnings before income taxes and equity in earnings of Kraft Heinz Company | 32,744 | 35,068 | 28,131 |
| Equity in earnings (losses) of Kraft Heinz Company | 923 | (122) | (26) |
| Earnings before income taxes | 33,667 | 34,946 | 28,105 |
| Income tax expense | 9,240 | 10,532 | 7,935 |
| Net earnings | 24,427 | 24,414 | 20,170 |
| Less: Earnings attributable to noncontrolling interests | 353 | 331 | 298 |
| Net earnings attributable to Berkshire Hathaway shareholders | 24,074 | 24,083 | 19,872 |
| Net earnings per share attributable to Berkshire Hathaway shareholders: | |||
| Products and Services | |||
| Insurance and Other | |||
| Insurance premiums earned | 45,881 | 41,294 | 41,253 |
| Sales and service revenues | 119,489 | 107,001 | 97,097 |
| Interest, dividend and other investment income | 4,725 | 5,357 | 5,052 |
| Investment gains/losses | 5,128 | 9,363 | 3,503 |
| Total revenues | 175,223 | 163,015 | 146,905 |
| Insurance losses and loss adjustment expenses | 30,906 | 26,527 | 26,406 |
| Life, annuity and health insurance benefits | 5,131 | 5,413 | 5,181 |
| Insurance underwriting expenses | 7,713 | 7,517 | 6,998 |
| Cost of sales and services | 95,754 | 87,029 | 78,873 |
| Selling, general and administrative expenses | 16,478 | 13,723 | 12,198 |
| Interest expense | 445 | 460 | 419 |
| Total costs and expenses | 156,427 | 140,669 | 130,075 |
| Railroad, Utilities and Energy | |||
| Total revenues | 37,542 | 40,004 | 40,690 |
| Cost of sales and operating expenses | 26,194 | 27,650 | 29,378 |
| Interest expense | 2,642 | 2,653 | 2,378 |
| Total costs and expenses | 28,836 | 30,303 | 31,756 |
| Finance and Financial Products | |||
| Sales and service revenues | 6,208 | 5,430 | 5,094 |
| Interest, dividend and other investment income | 1,455 | 1,510 | 1,432 |
| Investment gains/losses | 2,425 | 10 | 72 |
| Derivative gains/losses | 751 | 974 | 506 |
| Total revenues | 10,839 | 7,924 | 7,104 |
| Cost of sales and services | 3,448 | 2,915 | 2,758 |
| Selling, general and administrative expenses | 1,739 | 1,586 | 1,523 |
| Interest expense | 410 | 402 | 456 |
| Total costs and expenses | 5,597 | 4,903 | 4,737 |
| Class of Stock | |||
| Class A | |||
| Net earnings per share attributable to Berkshire Hathaway shareholders | 14645 [1] | 14656 | 12092 |
| Average equivalent Class A shares outstanding | 1,643,826 | 1,643,183 | 1,643,456 |
| [1] 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 of the equivalent Class A amount or $9.76 for 2016, $9.77 for 2015 and $8.06 for 2014. | |||
| External Links | |
| BERKSHIRE HATHAWAY INC (BRK) Fiscal Year 2016 | |
| 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 |