Consolidated Statements of Earnings (USD $)
In Millions, except Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||||||||
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Sep. 30, 2014
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Sep. 30, 2013
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Sep. 30, 2014
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Sep. 30, 2013
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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]
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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]
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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]
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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]
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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 | ||||||
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