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: 2022 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 27, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Revenues: | |||
| Leasing revenues | $ 7,514 | 5,988 | 5,209 |
| Total revenues | 302,089 | 276,203 | 245,579 |
| Investment and derivative contract gains (losses) | (67,899) | 78,542 | 40,746 |
| Costs and expenses: | |||
| Goodwill and intangible asset impairments | 10,671 | ||
| Interest expense | 4,352 | 4,172 | 4,083 |
| Total costs and expenses | 266,629 | 243,945 | 231,289 |
| Earnings (loss) before income taxes and equity method earnings | (32,439) | 110,800 | 55,036 |
| Equity method earnings | 1,863 | 886 | 657 |
| Earnings (loss) before income taxes | (30,576) | 111,686 | 55,693 |
| Income tax expense (benefit) | (8,518) | 20,879 | 12,440 |
| Net earnings (loss) | (22,058) | 90,807 | 43,253 |
| Earnings (loss) attributable to noncontrolling interests | 761 | 1,012 | 732 |
| Net earnings (loss) attributable to Berkshire Hathaway shareholders | (22,819) | 89,795 | 42,521 |
| Earnings per share: | |||
| Product and Service | |||
| Insurance and Other | |||
| Insurance premiums earned | 74,645 | 69,478 | 63,401 |
| Sales and service revenues | 157,518 | 145,043 | 127,044 |
| Leasing revenues | 7,514 | 5,988 | 5,209 |
| Interest, dividend and other investment income | 10,263 | 7,465 | 8,092 |
| Total revenues | 249,940 | 227,974 | 203,746 |
| Insurance losses and loss adjustment expenses | 57,646 | 49,964 | 43,951 |
| Life, annuity and health insurance benefits | 5,152 | 6,007 | 5,812 |
| Insurance underwriting expenses | 11,942 | 12,569 | 12,798 |
| Cost of sales and services | 124,319 | 114,138 | 101,091 |
| Cost of leasing | 5,550 | 4,201 | 3,520 |
| Selling, general and administrative expenses | 19,506 | 18,843 | 19,809 |
| Goodwill and intangible asset impairments | 10,671 | ||
| Interest expense | 1,187 | 1,086 | 1,105 |
| Total costs and expenses | 225,302 | 206,808 | 198,757 |
| Railroad, Utilities and Energy | |||
| Freight rail transportation revenues | 25,802 | 23,177 | 20,750 |
| Energy operating revenues | 21,023 | 18,891 | 15,540 |
| Service revenues and other income | 5,324 | 6,161 | 5,543 |
| Total revenues | 52,149 | 48,229 | 41,833 |
| Expenses | 17,282 | 14,477 | 13,120 |
| Cost of sales and other expenses | 15,896 | 13,959 | 11,638 |
| Other expenses | 4,984 | 5,615 | 4,796 |
| Interest expense | 3,165 | 3,086 | 2,978 |
| Total costs and expenses | 41,327 | 37,137 | 32,532 |
| Class of Stock | |||
| Equivalent Class A | |||
| Net earnings (loss) per average equivalent | (15535.00) | 59460.00 | 26668.00 |
| Average equivalent shares outstanding | 1,468,876 | 1,510,180 | 1,594,469 |
| Equivalent Class B | |||
| Net earnings (loss) per average equivalent | (10.36) | 39.64 [1] | 17.78 |
| Average equivalent shares outstanding | 2,203,313,642 | 2,265,269,867 | 2,391,703,454 |
| [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 2022 | |
| 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 |