XML 16 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Earnings - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Sales and service revenues $ 37,378 $ 44,460 $ 78,830 $ 86,852
Leasing revenues 1,161 1,491 2,589 2,927
Total revenues 56,840 63,598 118,105 124,276
Investment and derivative contract gains (losses) 40,085 10,048 (30,190) 30,370
Costs and expenses:        
Total costs and expenses 61,259 56,011 115,598 109,532
Earnings (loss) before income taxes and equity method earnings 35,666 17,635 (27,683) 45,114
Equity method earnings (loss) (257) 124 43 292
Earnings (loss) before income taxes 35,409 17,759 (27,640) 45,406
Income tax expense (benefit) 9,002 3,586 (4,350) 9,501
Net earnings (loss) 26,407 14,173 (23,290) 35,905
Earnings attributable to noncontrolling interests 112 100 161 171
Net earnings (loss) attributable to Berkshire Hathaway shareholders $ 26,295 $ 14,073 $ (23,451) $ 35,734
Equivalent Class A [Member]        
Costs and expenses:        
Net earnings (loss) per average equivalent share $ 16,314 $ 8,608 $ (14,500) $ 21,824
Average equivalent shares outstanding 1,611,760 1,634,962 1,617,325 1,637,378
Equivalent Class B [Member]        
Costs and expenses:        
Net earnings (loss) per average equivalent share [1] $ 10.88 $ 5.74 $ (9.67) $ 14.55
Average equivalent shares outstanding 2,417,640,311 2,452,442,401 2,425,986,839 2,456,067,007
Insurance and Other [Member]        
Revenues:        
Insurance premiums earned $ 15,595 $ 14,863 $ 31,343 $ 29,182
Sales and service revenues 28,703 34,128 60,629 66,537
Leasing revenues 1,161 1,491 2,589 2,927
Interest, dividend and other investment income 2,150 2,295 4,426 4,412
Total revenues 47,609 52,777 98,987 103,058
Costs and expenses:        
Insurance losses and loss adjustment expenses 10,066 10,669 21,045 20,843
Life, annuity and health insurance benefits 1,407 1,165 2,790 2,069
Insurance underwriting expenses 3,067 2,569 5,991 5,325
Cost of sales and services 23,216 27,047 48,608 52,814
Cost of leasing 749 1,000 1,751 2,020
Selling, general and administrative expenses 4,652 4,829 9,123 9,261
Goodwill and intangible asset impairments 10,634   10,634  
Interest expense 258 267 554 529
Total costs and expenses 54,049 47,546 100,496 92,861
Freight Rail Transportation [Member]        
Revenues:        
Total revenues 4,573 5,851 9,953 11,576
Costs and expenses:        
Expenses 2,871 3,885 6,464 7,867
Utilities and Energy [Member]        
Revenues:        
Sales and service revenues 3,419 3,566 7,053 7,391
Costs and expenses:        
Cost of sales and other expenses 2,503 2,680 5,225 5,522
Railroad, Utilities and Energy [Member]        
Revenues:        
Service revenues and other income 1,239 1,404 2,112 2,251
Total revenues 9,231 10,821 19,118 21,218
Costs and expenses:        
Other expenses 1,092 1,175 1,941 1,828
Interest expense 744 725 1,472 1,454
Total costs and expenses $ 7,210 $ 8,465 $ 15,102 $ 16,671
[1] Class B shares are economically equivalent to one-fifteen-hundredth of a Class A share. Accordingly, net earnings per average equivalent Class B share outstanding is equal to one-fifteen-hundredth of the equivalent Class A amount. See Note 18.