XML 90 R3.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Earnings (USD $)
In Millions, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenues:      
Sales and service revenues $ 102,200us-gaap_SalesRevenueNet $ 97,600us-gaap_SalesRevenueNet $ 85,800us-gaap_SalesRevenueNet
Investment gains/losses 3,575us-gaap_GainLossOnInvestments 4,065us-gaap_GainLossOnInvestments 1,462us-gaap_GainLossOnInvestments
Total revenues 194,673us-gaap_Revenues 182,150us-gaap_Revenues 162,463us-gaap_Revenues
Costs and expenses:      
Total costs and expenses 166,568us-gaap_CostsAndExpenses 153,354us-gaap_CostsAndExpenses 140,227us-gaap_CostsAndExpenses
Earnings before income taxes 28,105us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 28,796us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 22,236us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense 7,935us-gaap_IncomeTaxExpenseBenefit 8,951us-gaap_IncomeTaxExpenseBenefit 6,924us-gaap_IncomeTaxExpenseBenefit
Net earnings 20,170us-gaap_ProfitLoss 19,845us-gaap_ProfitLoss 15,312us-gaap_ProfitLoss
Less: Earnings attributable to noncontrolling interests 298us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 369us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 488us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net earnings attributable to Berkshire Hathaway shareholders 19,872us-gaap_NetIncomeLoss 19,476us-gaap_NetIncomeLoss 14,824us-gaap_NetIncomeLoss
Average common shares outstanding 1,643,456us-gaap_WeightedAverageNumberOfSharesOutstandingBasic [1] 1,643,613us-gaap_WeightedAverageNumberOfSharesOutstandingBasic [1] 1,651,294us-gaap_WeightedAverageNumberOfSharesOutstandingBasic [1]
Class A [Member]      
Net earnings per share attributable to Berkshire Hathaway shareholders:      
Net earnings per share attributable to Berkshire Hathaway shareholders $ 12,092.00us-gaap_EarningsPerShareBasic
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
[1] $ 11,850.00us-gaap_EarningsPerShareBasic
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
[1] $ 8,977.00us-gaap_EarningsPerShareBasic
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
[1]
Insurance and Other [Member]      
Revenues:      
Insurance premiums earned 41,253us-gaap_PremiumsEarnedNet
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
36,684us-gaap_PremiumsEarnedNet
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
34,545us-gaap_PremiumsEarnedNet
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
Sales and service revenues 97,097us-gaap_SalesRevenueNet
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
92,993us-gaap_SalesRevenueNet
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
81,447us-gaap_SalesRevenueNet
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
Interest, dividend and other investment income 5,026brka_InvestmentIncomeInterestDividendAndOther
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
4,934brka_InvestmentIncomeInterestDividendAndOther
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
4,532brka_InvestmentIncomeInterestDividendAndOther
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
Investment gains/losses 3,503us-gaap_GainLossOnInvestments
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
3,881us-gaap_GainLossOnInvestments
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
990us-gaap_GainLossOnInvestments
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
Total revenues 146,879us-gaap_Revenues
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
138,492us-gaap_Revenues
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
121,514us-gaap_Revenues
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
Costs and expenses:      
Insurance losses and loss adjustment expenses 26,406us-gaap_IncurredClaimsPropertyCasualtyAndLiability
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
21,275us-gaap_IncurredClaimsPropertyCasualtyAndLiability
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
20,113us-gaap_IncurredClaimsPropertyCasualtyAndLiability
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
Life, annuity and health insurance benefits 5,181brka_PolicyholderBenefitsAndClaimsIncurredLifeAnnuityAndHealth
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
5,072brka_PolicyholderBenefitsAndClaimsIncurredLifeAnnuityAndHealth
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
5,114brka_PolicyholderBenefitsAndClaimsIncurredLifeAnnuityAndHealth
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
Insurance underwriting expenses 6,998brka_InsuranceUnderwritingExpenses
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
7,248brka_InsuranceUnderwritingExpenses
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
7,693brka_InsuranceUnderwritingExpenses
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
Cost of sales and services 78,873us-gaap_CostOfGoodsAndServicesSold
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
75,953us-gaap_CostOfGoodsAndServicesSold
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
66,419us-gaap_CostOfGoodsAndServicesSold
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
Selling, general and administrative expenses 12,198us-gaap_SellingGeneralAndAdministrativeExpense
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
11,732us-gaap_SellingGeneralAndAdministrativeExpense
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
10,307us-gaap_SellingGeneralAndAdministrativeExpense
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
Interest expense 419us-gaap_InterestExpense
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
395us-gaap_InterestExpense
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
363us-gaap_InterestExpense
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
Total costs and expenses 130,075us-gaap_CostsAndExpenses
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
121,675us-gaap_CostsAndExpenses
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
110,009us-gaap_CostsAndExpenses
/ brka_FinancialSegmentsAxis
= brka_InsuranceAndOtherMember
Railroad, Utilities and Energy [Member]      
Revenues:      
Total revenues 40,690us-gaap_Revenues
/ brka_FinancialSegmentsAxis
= brka_RailroadUtilitiesAndEnergyMember
34,757us-gaap_Revenues
/ brka_FinancialSegmentsAxis
= brka_RailroadUtilitiesAndEnergyMember
32,582us-gaap_Revenues
/ brka_FinancialSegmentsAxis
= brka_RailroadUtilitiesAndEnergyMember
Costs and expenses:      
Cost of sales and operating expenses 29,378brka_CostsOfServicesAndOperatingExpenses
/ brka_FinancialSegmentsAxis
= brka_RailroadUtilitiesAndEnergyMember
25,157brka_CostsOfServicesAndOperatingExpenses
/ brka_FinancialSegmentsAxis
= brka_RailroadUtilitiesAndEnergyMember
23,816brka_CostsOfServicesAndOperatingExpenses
/ brka_FinancialSegmentsAxis
= brka_RailroadUtilitiesAndEnergyMember
Interest expense 2,378us-gaap_InterestExpense
/ brka_FinancialSegmentsAxis
= brka_RailroadUtilitiesAndEnergyMember
1,865us-gaap_InterestExpense
/ brka_FinancialSegmentsAxis
= brka_RailroadUtilitiesAndEnergyMember
1,745us-gaap_InterestExpense
/ brka_FinancialSegmentsAxis
= brka_RailroadUtilitiesAndEnergyMember
Total costs and expenses 31,756us-gaap_CostsAndExpenses
/ brka_FinancialSegmentsAxis
= brka_RailroadUtilitiesAndEnergyMember
27,022us-gaap_CostsAndExpenses
/ brka_FinancialSegmentsAxis
= brka_RailroadUtilitiesAndEnergyMember
25,561us-gaap_CostsAndExpenses
/ brka_FinancialSegmentsAxis
= brka_RailroadUtilitiesAndEnergyMember
Finance and Financial Products [Member]      
Revenues:      
Sales and service revenues 5,094us-gaap_SalesRevenueNet
/ brka_FinancialSegmentsAxis
= brka_FinanceAndFinancialProductsMember
4,635us-gaap_SalesRevenueNet
/ brka_FinancialSegmentsAxis
= brka_FinanceAndFinancialProductsMember
4,358us-gaap_SalesRevenueNet
/ brka_FinancialSegmentsAxis
= brka_FinanceAndFinancialProductsMember
Interest, dividend and other investment income 1,432brka_InvestmentIncomeInterestDividendAndOther
/ brka_FinancialSegmentsAxis
= brka_FinanceAndFinancialProductsMember
1,474brka_InvestmentIncomeInterestDividendAndOther
/ brka_FinancialSegmentsAxis
= brka_FinanceAndFinancialProductsMember
1,574brka_InvestmentIncomeInterestDividendAndOther
/ brka_FinancialSegmentsAxis
= brka_FinanceAndFinancialProductsMember
Investment gains/losses 72us-gaap_GainLossOnInvestments
/ brka_FinancialSegmentsAxis
= brka_FinanceAndFinancialProductsMember
184us-gaap_GainLossOnInvestments
/ brka_FinancialSegmentsAxis
= brka_FinanceAndFinancialProductsMember
472us-gaap_GainLossOnInvestments
/ brka_FinancialSegmentsAxis
= brka_FinanceAndFinancialProductsMember
Derivative gains/losses 506us-gaap_GainLossOnDerivativeInstrumentsNetPretax
/ brka_FinancialSegmentsAxis
= brka_FinanceAndFinancialProductsMember
2,608us-gaap_GainLossOnDerivativeInstrumentsNetPretax
/ brka_FinancialSegmentsAxis
= brka_FinanceAndFinancialProductsMember
1,963us-gaap_GainLossOnDerivativeInstrumentsNetPretax
/ brka_FinancialSegmentsAxis
= brka_FinanceAndFinancialProductsMember
Total revenues 7,104us-gaap_Revenues
/ brka_FinancialSegmentsAxis
= brka_FinanceAndFinancialProductsMember
8,901us-gaap_Revenues
/ brka_FinancialSegmentsAxis
= brka_FinanceAndFinancialProductsMember
8,367us-gaap_Revenues
/ brka_FinancialSegmentsAxis
= brka_FinanceAndFinancialProductsMember
Costs and expenses:      
Cost of sales and services 2,758us-gaap_CostOfGoodsAndServicesSold
/ brka_FinancialSegmentsAxis
= brka_FinanceAndFinancialProductsMember
2,566us-gaap_CostOfGoodsAndServicesSold
/ brka_FinancialSegmentsAxis
= brka_FinanceAndFinancialProductsMember
2,458us-gaap_CostOfGoodsAndServicesSold
/ brka_FinancialSegmentsAxis
= brka_FinanceAndFinancialProductsMember
Selling, general and administrative expenses 1,523us-gaap_SellingGeneralAndAdministrativeExpense
/ brka_FinancialSegmentsAxis
= brka_FinanceAndFinancialProductsMember
1,550us-gaap_SellingGeneralAndAdministrativeExpense
/ brka_FinancialSegmentsAxis
= brka_FinanceAndFinancialProductsMember
1,563us-gaap_SellingGeneralAndAdministrativeExpense
/ brka_FinancialSegmentsAxis
= brka_FinanceAndFinancialProductsMember
Interest expense 456us-gaap_InterestExpense
/ brka_FinancialSegmentsAxis
= brka_FinanceAndFinancialProductsMember
541us-gaap_InterestExpense
/ brka_FinancialSegmentsAxis
= brka_FinanceAndFinancialProductsMember
636us-gaap_InterestExpense
/ brka_FinancialSegmentsAxis
= brka_FinanceAndFinancialProductsMember
Total costs and expenses $ 4,737us-gaap_CostsAndExpenses
/ brka_FinancialSegmentsAxis
= brka_FinanceAndFinancialProductsMember
$ 4,657us-gaap_CostsAndExpenses
/ brka_FinancialSegmentsAxis
= brka_FinanceAndFinancialProductsMember
$ 4,657us-gaap_CostsAndExpenses
/ brka_FinancialSegmentsAxis
= brka_FinanceAndFinancialProductsMember
[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 or $8.06 per share for 2014, $7.90 per share for 2013 and $5.98 per share for 2012.