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: 2018 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 25, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Revenues: | |||
| Sales and service revenues | $ 175,445 | ||
| Total revenues | 247,837 | 239,933 | 215,114 |
| Investment and derivative contract gains (losses): | |||
| Investment gains (losses) | (22,155) | 1,410 | 7,553 |
| Derivative contract gains (losses) | (300) | 718 | 751 |
| Investment and derivative gains/losses | (22,455) | 2,128 | 8,304 |
| Costs and expenses: | |||
| Interest expense | 3,853 | 4,386 | 3,741 |
| Total costs and expenses | 219,214 | 221,237 | 190,860 |
| Earnings before income taxes and equity method earnings (losses) | 6,168 | 20,824 | 32,558 |
| Equity method earnings (losses) | (2,167) | 3,014 | 1,109 |
| Earnings before income taxes | 4,001 | 23,838 | 33,667 |
| Income tax expense (benefit) | (321) | (21,515) | 9,240 |
| Net earnings | 4,322 | 45,353 | 24,427 |
| Earnings attributable to noncontrolling interests | 301 | 413 | 353 |
| Net earnings attributable to Berkshire Hathaway shareholders | 4,021 | 44,940 | 24,074 |
| Product and Service | |||
| Insurance and Other | |||
| Insurance premiums earned | 57,418 | 60,597 | 45,881 |
| Sales and service revenues | 133,336 | 130,343 | 123,053 |
| Leasing revenues | 5,732 | 2,452 | 2,553 |
| Interest, dividend and other investment income | 7,678 | 6,536 | 6,180 |
| Total revenues | 204,164 | 199,928 | 177,667 |
| Insurance losses and loss adjustment expenses | 39,906 | 48,891 | 30,906 |
| Life, annuity and health insurance benefits | 5,699 | 5,618 | 5,131 |
| Insurance underwriting expenses | 9,793 | 9,321 | 7,713 |
| Cost of sales and services | 106,083 | 104,343 | 97,867 |
| Cost of leasing | 4,061 | 1,455 | 1,335 |
| Selling, general and administrative expenses | 18,238 | 19,189 | 17,973 |
| Interest expense | 1,035 | 1,132 | 1,099 |
| Total costs and expenses | 184,815 | 189,949 | 162,024 |
| Railroad | |||
| Total revenues | 23,703 | 21,080 | 19,683 |
| Freight rail transportation expenses | 16,045 | 14,031 | 13,134 |
| Utilities and Energy | |||
| Sales and service revenues | 15,555 | 15,155 | 14,621 |
| Cost of sales and other expenses | 11,641 | 10,772 | 10,471 |
| Railroad, Utilities and Energy | |||
| Service revenues and other income | 4,415 | 3,770 | 3,143 |
| Total revenues | 43,673 | 40,005 | 37,447 |
| Other expenses | 3,895 | 3,231 | 2,589 |
| Interest expense | 2,818 | 3,254 | 2,642 |
| Total costs and expenses | 34,399 | 31,288 | 28,836 |
| Class of Stock | |||
| Equivalent Class A | |||
| Net earnings per average equivalent share | 2446 | 27326 | 14645 |
| Average equivalent shares outstanding | 1,643,795 | 1,644,615 | 1,643,826 |
| Equivalent Class B | |||
| Net earnings per average equivalent share | 2 [1] | 18 | 10 |
| Average equivalent shares outstanding | 2,465,692,368 | 2,466,923,163 | 2,465,739,654 |
| [1] Class B shares are economically equivalent to one-fifteen-hundredth of a Class A share. Accordingly, net earnings per average equivalent Class B share outstanding is equal to one-fifteen-hundredth of the equivalent Class A amount. See Note 21. | |||
| External Links | |
| BERKSHIRE HATHAWAY INC (BRK) Fiscal Year 2018 | |
| 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 |