XML 16 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Earnings - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Sales and service revenues $ 42,392 $ 41,509
Leasing revenues 1,436  
Total revenues 60,678 58,473
Investment and derivative contract gains (losses):    
Investment gains (losses) 19,552 (7,809)
Derivative contract gains (losses) 770 (206)
Investment and derivative gains/losses 20,322 (8,015)
Costs and expenses:    
Total costs and expenses 53,521 52,382
Earnings (loss) before income taxes and equity method earnings (losses) 27,479 (1,924)
Equity method earnings 168 401
Earnings (loss) before income taxes 27,647 (1,523)
Income tax expense (benefit) 5,915 (452)
Net earnings (loss) 21,732 (1,071)
Earnings attributable to noncontrolling interests 71 67
Net earnings (loss) attributable to Berkshire Hathaway shareholders $ 21,661 $ (1,138)
Equivalent Class A [Member]    
Costs and expenses:    
Net earnings (loss) per average equivalent share $ 13,209 $ (692)
Average equivalent shares outstanding 1,639,821 1,644,958
Equivalent Class B [Member]    
Costs and expenses:    
Net earnings (loss) per average equivalent share [1] $ 8.81 $ (0.46)
Average equivalent shares outstanding 2,459,731,886 2,467,436,888
Insurance and Other [Member]    
Revenues:    
Insurance premiums earned $ 14,319 $ 13,373
Sales and service revenues 32,409 31,882
Leasing revenues 1,436 1,434
Interest, dividend and other investment income 2,117 1,682
Total revenues 50,281 48,371
Costs and expenses:    
Insurance losses and loss adjustment expenses 10,174 8,963
Life, annuity and health insurance benefits 904 1,287
Insurance underwriting expenses 2,756 2,604
Cost of sales and services 25,767 25,461
Cost of leasing 1,020 983
Selling, general and administrative expenses 4,432 4,708
Interest expense 262 265
Total costs and expenses 45,315 44,271
Freight Rail Transportation [Member]    
Revenues:    
Total revenues 5,725 5,590
Costs and expenses:    
Expenses 3,982 3,852
Utilities and Energy [Member]    
Revenues:    
Sales and service revenues 3,825 3,679
Costs and expenses:    
Cost of sales and other expenses 2,842 2,800
Railroad, Utilities and Energy [Member]    
Revenues:    
Service revenues and other income 847 833
Total revenues 10,397 10,102
Costs and expenses:    
Other expenses 653 749
Interest expense 729 710
Total costs and expenses $ 8,206 $ 8,111
[1] Class B shares are economically equivalent to one-fifteen-hundredth of a Class A share. Accordingly, net earnings/loss per average equivalent Class B share outstanding is equal to one-fifteen-hundredth of the equivalent Class A amount. See Note 20.