XML 68 R3.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Earnings (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues:        
Investment gains/losses $ (376) $ 1,714 $ 3,121 $ 2,711
Total revenues 51,199 46,541 146,414 135,101
Costs and expenses:        
Total costs and expenses 44,449 39,163 124,150 113,537
Earnings before income taxes 6,750 7,378 22,264 21,564
Income tax expense 2,029 2,225 6,312 6,782
Net earnings 4,721 5,153 15,952 14,782
Less: Earnings attributable to noncontrolling interests 104 100 235 296
Net earnings attributable to Berkshire Hathaway 4,617 5,053 15,717 14,486
Average common shares outstanding 1,642,558 [1] 1,643,779 [1] 1,643,657 [1] 1,643,522 [1]
Class A [Member]
       
Net earnings per share attributable to Berkshire Hathaway shareholders:        
Net earnings per share attributable to Berkshire Hathaway shareholders $ 2,811 [1] $ 3,074 [1] $ 9,562 [1] $ 8,814 [1]
Insurance and Other [Member]
       
Revenues:        
Insurance premiums earned 12,717 9,270 31,456 27,462
Sales and service revenues 25,078 23,431 72,252 68,839
Interest, dividend and other investment income 1,171 1,118 3,909 3,736
Investment gains/losses (376) 1,640 3,049 2,529
Total revenues 38,590 35,459 110,666 102,566
Costs and expenses:        
Insurance losses and loss adjustment expenses 8,791 5,466 19,923 15,879
Life, annuity and health insurance benefits 1,355 1,575 3,844 3,899
Insurance underwriting expenses 1,596 1,966 5,361 5,206
Cost of sales and services 20,410 19,125 58,610 56,239
Selling, general and administrative expenses 2,991 2,860 8,845 8,552
Interest expense 109 102 323 293
Total costs and expenses 35,252 31,094 96,906 90,068
Railroad, Utilities and Energy [Member]
       
Revenues:        
Total revenues 10,697 9,043 30,296 25,821
Costs and expenses:        
Cost of sales and operating expenses 7,383 6,429 21,957 18,634
Interest expense 597 472 1,753 1,371
Total costs and expenses 7,980 6,901 23,710 20,005
Finance and Financial Products [Member]
       
Revenues:        
Sales and service revenues 1,322 1,196 3,732 3,410
Interest, dividend and other investment income 332 342 999 1,028
Investment gains/losses   74 72 182
Derivative gains/losses 258 427 649 2,094
Total revenues 1,912 2,039 5,452 6,714
Costs and expenses:        
Cost of sales and services 713 648 2,043 1,902
Selling, general and administrative expenses 393 388 1,144 1,143
Interest expense 111 132 347 419
Total costs and expenses $ 1,217 $ 1,168 $ 3,534 $ 3,464
[1] Average shares outstanding include average Class A common shares and average Class B common shares determined on an equivalent Class A common stock basis. Net earnings per common share attributable to Berkshire Hathaway shown above represents net earnings per equivalent Class A common share. Net earnings per Class B common share is equal to one-fifteen-hundredth (1/1,500) of such amount.