XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Earnings - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Leasing revenues $ 8,416 $ 7,514 $ 5,988
Total revenues 364,482 302,020 276,185
Investment and derivative contract gains (losses) 74,855 (67,899) 78,542
Costs and expenses:      
Interest expense 5,003 4,352 4,172
Total costs and expenses 321,144 266,484 243,752
Earnings (loss) before income taxes and equity method earnings 118,193 (32,363) 110,975
Equity method earnings 1,973 1,863 886
Earnings (loss) before income taxes 120,166 (30,500) 111,861
Income tax expense (benefit) 23,019 (8,502) 20,912
Net earnings (loss) 97,147 (21,998) 90,949
Earnings attributable to noncontrolling interests 924 761 1,012
Net earnings (loss) attributable to Berkshire Hathaway shareholders $ 96,223 $ (22,759) $ 89,937
Equivalent Class A [Member]      
Earnings per share:      
Net earnings (loss) per average equivalent $ 66,412 $ (15,494) $ 59,554
Average equivalent shares outstanding 1,448,880 1,468,876 1,510,180
Equivalent Class B [Member]      
Earnings per share:      
Net earnings (loss) per average equivalent [1] $ 44.27 $ (10.33) $ 39.70
Average equivalent shares outstanding 2,173,319,709 2,203,313,642 2,265,269,867
Insurance and Other [Member]      
Revenues:      
Insurance premiums earned $ 83,403 $ 74,576 $ 69,460
Sales and service revenues 155,687 157,518 145,043
Leasing revenues 8,416 7,514 5,988
Interest, dividend and other investment income 15,561 10,263 7,465
Total revenues 263,067 249,871 227,956
Costs and expenses:      
Insurance losses and loss adjustment expenses 57,187 57,646 49,964
Life, annuity and health benefits 4,029 5,243 5,824
Insurance underwriting expenses 15,270 11,706 12,559
Cost of sales and services 122,569 124,319 114,138
Cost of leasing 6,037 5,550 4,201
Selling, general and administrative expenses 22,605 19,506 18,843
Interest expense 1,258 1,187 1,086
Total costs and expenses 228,955 225,157 206,615
Railroad, Utilities and Energy [Member]      
Revenues:      
Freight rail transportation revenues 23,791 25,802 23,177
Utility and energy operating revenues 72,693 21,023 18,891
Service revenues and other income 4,931 5,324 6,161
Total revenues 101,415 52,149 48,229
Costs and expenses:      
Freight rail transportation expenses 16,464 17,282 14,477
Utilities and energy cost of sales and other expenses 67,964 15,896 13,959
Other expenses 4,016 4,984 5,615
Interest expense 3,745 3,165 3,086
Total costs and expenses $ 92,189 $ 41,327 $ 37,137
[1] Net earnings per average equivalent Class B share outstanding are equal to one-fifteen-hundredth of the equivalent Class A amount. See Note 22.