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: 2019 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 24, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Revenues: | |||
| Sales and service revenues | $ 176,512 | 175,445 | |
| Total revenues | 254,616 | 247,837 | 239,933 |
| Investment and derivative contract gains (losses): | |||
| Investment gains (losses) | 71,123 | (22,155) | 1,410 |
| Derivative contract gains (losses) | 1,484 | (300) | 718 |
| Investment and derivative gains/losses | 72,607 | (22,455) | 2,128 |
| Costs and expenses: | |||
| Interest expense | 3,961 | 3,853 | 4,386 |
| Total costs and expenses | 225,703 | 219,214 | 221,237 |
| Earnings before income taxes and equity method earnings (losses) | 101,520 | 6,168 | 20,824 |
| Equity method earnings (losses) | 1,176 | (2,167) | 3,014 |
| Earnings before income taxes | 102,696 | 4,001 | 23,838 |
| Income tax expense (benefit) | 20,904 | (321) | (21,515) |
| Net earnings | 81,792 | 4,322 | 45,353 |
| Earnings attributable to noncontrolling interests | 375 | 301 | 413 |
| Net earnings attributable to Berkshire Hathaway shareholders | 81,417 | 4,021 | 44,940 |
| Product and Service | |||
| Insurance and Other | |||
| Insurance premiums earned | 61,078 | 57,418 | 60,597 |
| Sales and service revenues | 134,989 | 133,336 | 130,343 |
| Leasing revenues | 5,856 | 5,732 | 2,452 |
| Interest, dividend and other investment income | 9,240 | 7,678 | 6,536 |
| Total revenues | 211,163 | 204,164 | 199,928 |
| Insurance losses and loss adjustment expenses | 44,456 | 39,906 | 48,891 |
| Life, annuity and health insurance benefits | 4,986 | 5,699 | 5,618 |
| Insurance underwriting expenses | 11,200 | 9,793 | 9,321 |
| Cost of sales and services | 107,041 | 106,083 | 104,343 |
| Cost of leasing | 4,003 | 4,061 | 1,455 |
| Selling, general and administrative expenses | 19,322 | 18,238 | 19,189 |
| Interest expense | 1,056 | 1,035 | 1,132 |
| Total costs and expenses | 192,064 | 184,815 | 189,949 |
| Freight Rail Transportation | |||
| Total revenues | 23,357 | 23,703 | 21,080 |
| Expenses | 15,436 | 16,045 | 14,031 |
| Utilities and Energy | |||
| Sales and service revenues | 15,353 | 15,555 | 15,155 |
| Cost of sales and other expenses | 11,296 | 11,641 | 10,772 |
| Railroad, Utilities and Energy | |||
| Service revenues and other income | 4,743 | 4,415 | 3,770 |
| Total revenues | 43,453 | 43,673 | 40,005 |
| Other expenses | 4,002 | 3,895 | 3,231 |
| Interest expense | 2,905 | 2,818 | 3,254 |
| Total costs and expenses | 33,639 | 34,399 | 31,288 |
| Class of Stock | |||
| Equivalent Class A | |||
| Net earnings per average equivalent share | 49828 | 2446 | 27326 |
| Average equivalent shares outstanding | 1,633,946 | 1,643,795 | 1,644,615 |
| Equivalent Class B | |||
| Net earnings per average equivalent share | 33 | 2 | 18 [1] |
| Average equivalent shares outstanding | 2,450,919,020 | 2,465,692,368 | 2,466,923,163 |
| [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. | |||
| External Links | |
| BERKSHIRE HATHAWAY INC (BRK) Fiscal Year 2019 | |
| 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 |