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: 2021 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 28, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Revenues: | |||
| Leasing revenues | $ 5,988 | 5,209 | 5,856 |
| Total revenues | 276,094 | 245,510 | 254,616 |
| Investment and derivative contract gains | 78,542 | 40,746 | 72,607 |
| Costs and expenses: | |||
| Interest expense | 4,172 | 4,083 | 3,961 |
| Total costs and expenses | 243,945 | 231,289 | 225,703 |
| Earnings before income taxes and equity method earnings | 110,691 | 54,967 | 101,520 |
| Equity method earnings | 995 | 726 | 1,176 |
| Earnings before income taxes | 111,686 | 55,693 | 102,696 |
| Income tax expense | 20,879 | 12,440 | 20,904 |
| Net earnings | 90,807 | 43,253 | 81,792 |
| Earnings attributable to noncontrolling interests | 1,012 | 732 | 375 |
| Net earnings attributable to Berkshire Hathaway shareholders | 89,795 | 42,521 | 81,417 |
| Product and Service | |||
| Insurance and Other | |||
| Insurance premiums earned | 69,478 | 63,401 | 61,078 |
| Sales and service revenues | 145,043 | 127,044 | 134,989 |
| Leasing revenues | 5,988 | 5,209 | 5,856 |
| Interest, dividend and other investment income | 7,465 | 8,092 | 9,240 |
| Total revenues | 227,974 | 203,746 | 211,163 |
| Insurance losses and loss adjustment expenses | 49,964 | 43,951 | 44,456 |
| Life, annuity and health insurance benefits | 6,007 | 5,812 | 4,986 |
| Insurance underwriting expenses | 12,569 | 12,798 | 11,200 |
| Cost of sales and services | 114,138 | 101,091 | 107,041 |
| Cost of leasing | 4,201 | 3,520 | 4,003 |
| Selling, general and administrative expenses | 18,843 | 19,809 | 19,226 |
| Goodwill and intangible asset impairments | 10,671 | 96 | |
| Interest expense | 1,086 | 1,105 | 1,056 |
| Total costs and expenses | 206,808 | 198,757 | 192,064 |
| Railroad, Utilities and Energy | |||
| Freight rail transportation revenues | 23,177 | 20,750 | 23,357 |
| Energy operating revenues | 18,891 | 15,540 | 15,353 |
| Service revenues and other income | 6,052 | 5,474 | 4,743 |
| Total revenues | 48,120 | 41,764 | 43,453 |
| Expenses | 14,477 | 13,120 | 15,436 |
| Cost of sales and other expenses | 13,959 | 11,638 | 11,296 |
| Other expenses | 5,615 | 4,796 | 4,002 |
| Interest expense | 3,086 | 2,978 | 2,905 |
| Total costs and expenses | 37,137 | 32,532 | 33,639 |
| Class of Stock | |||
| Equivalent Class A | |||
| Net earnings per average equivalent share | 59460.00 | 26668.00 | 49828.00 |
| Average equivalent shares outstanding | 1,510,180 | 1,594,469 | 1,633,946 |
| Equivalent Class B | |||
| Net earnings per average equivalent share | 39.64 | 17.78 | 33.22 [1] |
| Average equivalent shares outstanding | 2,265,269,867 | 2,391,703,454 | 2,450,919,020 |
| [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 2021 | |
| 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 |