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: 2017 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 26, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Revenues: | |||
| Sales and service revenues | $ 132,900 | 125,700 | 112,400 |
| Investment gains/losses | 1,410 | 7,553 | 9,373 |
| Total revenues | 242,137 | 223,604 | 210,943 |
| Costs and expenses: | |||
| Interest expense | 5,394 | 3,497 | 3,515 |
| Total costs and expenses | 221,237 | 190,860 | 175,875 |
| Earnings before income taxes and equity in earnings of The Kraft Heinz Company | 20,900 | 32,744 | 35,068 |
| Equity in earnings (loss) of The Kraft Heinz Company | 2,938 | 923 | (122) |
| Earnings before income taxes | 23,838 | 33,667 | 34,946 |
| Income tax expense (benefit) | (21,515) | 9,240 | 10,532 |
| Net earnings | 45,353 | 24,427 | 24,414 |
| Earnings attributable to noncontrolling interests | 413 | 353 | 331 |
| Net earnings attributable to Berkshire Hathaway shareholders | 44,940 | 24,074 | 24,083 |
| Net earnings per share attributable to Berkshire Hathaway shareholders: | |||
| Products and Services | |||
| Insurance and Other | |||
| Insurance premiums earned | 60,597 | 45,881 | 41,294 |
| Sales and service revenues | 125,963 | 119,489 | 107,001 |
| Interest, dividend and other investment income | 5,144 | 4,725 | 5,357 |
| Investment gains/losses | 1,202 | 5,128 | 9,363 |
| Total revenues | 192,906 | 175,223 | 163,015 |
| Insurance losses and loss adjustment expenses | 48,891 | 30,906 | 26,527 |
| Life, annuity and health insurance benefits | 5,618 | 5,131 | 5,413 |
| Insurance underwriting expenses | 9,321 | 7,713 | 7,517 |
| Cost of sales and services | 101,748 | 95,754 | 87,029 |
| Selling, general and administrative expenses | 16,241 | 16,478 | 13,723 |
| Interest expense | 1,740 | 445 | 460 |
| Total costs and expenses | 183,559 | 156,427 | 140,669 |
| Railroad, Utilities and Energy | |||
| Total revenues | 39,943 | 37,542 | 40,004 |
| Cost of sales and operating expenses | 28,034 | 26,194 | 27,650 |
| Interest expense | 3,254 | 2,642 | 2,653 |
| Total costs and expenses | 31,288 | 28,836 | 30,303 |
| Finance and Financial Products | |||
| Sales and service revenues | 6,924 | 6,208 | 5,430 |
| Interest, dividend and other investment income | 1,438 | 1,455 | 1,510 |
| Investment gains/losses | 208 | 2,425 | 10 |
| Derivative contract gains/losses | 718 | 751 | 974 |
| Total revenues | 9,288 | 10,839 | 7,924 |
| Cost of sales and services | 4,050 | 3,448 | 2,915 |
| Selling, general and administrative expenses | 1,940 | 1,739 | 1,586 |
| Interest expense | 400 | 410 | 402 |
| Total costs and expenses | 6,390 | 5,597 | 4,903 |
| Class of Stock | |||
| Equivalent Class A | |||
| Net earnings per share attributable to Berkshire Hathaway shareholders | 27326 | 14645 | 14656 |
| Average equivalent shares outstanding | 1,644,615 | 1,643,826 | 1,643,183 |
| Equivalent Class B | |||
| Net earnings per share attributable to Berkshire Hathaway shareholders | 18 [1] | 10 | 10 |
| Average equivalent shares outstanding | 2,466,923,163 | 2,465,739,654 | 2,464,773,947 |
| [1] Net earnings per average equivalent Class B share outstanding are one-fifteen-hundredth of the equivalent Class A amount. | |||
| External Links | |
| BERKSHIRE HATHAWAY INC (BRK) Fiscal Year 2017 | |
| 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 |