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Consolidated Balance Sheet
BERSHIRE HATHAWAY INC,
LIABILITIES AND SHAREHOLDERS' EQUITY 2022 2021 2020 2019 2018 2017
Shareholders’ Equity:
Common stock 8 8 8 8 8 8
Capital in excess of par value 35,167 35,592 35,626 35,658 35,707 35,694
Accumulated other comprehensive income (6,591) (4,027) (4,243) (5,243) (5,015) 58,571
Retained earnings 511,602 534,421 444,626 402,493 321,112 255,786
Treasury stock, at cost (67,826) (59,795) (32,853) (8,125) (3,109) (1,763)
Berkshire Hathaway shareholders' equity 472,360 506,199 443,164 424,791 348,703 348,296
Noncontrolling interests 8,257 8,731 8,172 3,772 3,797 3,658
Total shareholders' equity 480,617 514,930 451,336 428,563 352,500 351,954
948,452 958,784 873,729 817,729 707,794 702,095
See accompanying Notes to Consolidated Financial Statements
3
Consolidated Balance Sheet
BERSHIRE HATHAWAY INC,
Dollars in million Dec.31 2022 2021 2020 2019 2018 2017 2022 2021 2020 2019 2018 2017 2022 2021 2020 2019 2018 2017
ASSETS
Insurance and Other: 1-- Divide each by total asset count: Average Receivable
Cash and cash equivalents* $ 32,260 $ 85,319 $ 44,714 $ 61,151 $ 27,749 $ 28,673 0.034 0.089 0.051 0.075 0.039 0.041 71,509 60,316 55,053 53,362 51,510 46,671
Short-term investments in U,S, Treasury Bills 92,774 58,535 90,300 63,822 81,506 84,371 0.098 0.061 0.103 0.078 0.115 0.120
Investments in fixed maturity securities 25,128 16,434 20,410 18,685 19,898 21,353 0.026 0.017 0.023 0.023 0.028 0.030 65912.5 57684.5 54207.5 52436 49090.5 --
Investments in equity securities 308,793 350,719 281,170 248,027 172,757 170,540 0.326 0.366 0.322 0.303 0.244 0.243 1. Loans and finance receivables, other receivables; 2.
Equity method investments 28,050 16,045 17,303 17,505 17,325 21,024 0.030 0.017 0.020 0.021 0.024 0.030 Receivables
Loans and finance receivables 23,208 20,751 19,201 17,527 16,280 13,748 0.024 0.022 0.022 0.021 0.023 0.020
Other receivables 43,506 35,388 32,310 32,418 31,564 29,392 0.046 0.037 0.037 0.040 0.045 0.042
Inventories 25,366 20,954 19,208 19,852 19,069 17,366 0.027 0.022 0.022 0.024 0.027 0.025 count: Average Inventory
Property, plant and equipment 21,113 20,834 21,200 21,438 20,628 19,868 0.022 0.022 0.024 0.026 0.029 0.028 23160 20081 19530 19460.5 18217.5 --
Equipment held for lease 15,584 14,918 14,601 15,065 14,298 10,167 0.016 0.016 0.017 0.018 0.020 0.014
Goodwill 51,522 47,117 47,121 57,052 56,323 56,478 0.054 0.049 0.054 0.070 0.080 0.080
Other intangible assets 29,187 28,486 29,462 31,051 31,499 32,518 0.031 0.030 0.034 0.038 0.045 0.046
Deferred charges - retroactive reinsurance 9,870 10,639 12,441 13,747 14,104 15,278 0.010 0.011 0.014 0.017 0.020 0.022
Other 19,628 15,854 14,580 13,232 9,307 9,391 0.021 0.017 0.017 0.016 0.013 0.013
725,989 741,993 664,021 630,572 532,307 530,167 0.765 0.774 0.760 0.771 0.752 0.755
LIABILITIES AND SHAREHOLDERS' EQUITY 2022 2021 2020 2019 2018 2017
Income taxes, principally deferred 77,020 90,243 74,098 66,799 51,375 56,607 0.081 0.094 0.085 0.082 0.073 0.081
Total liabilities 467,835 443,854 422,393 389,166 355,294 350,141 0.493 0.463 0.483 0.476 0.502 0.499
Shareholders’ Equity:
Common stock 8 8 8 8 8 8 0.00 0.00 0.00 0.00 0.00 0.00
Capital in excess of par value 35,167 35,592 35,626 35,658 35,707 35,694 0.037 0.037 0.041 0.044 0.050 0.051
Accumulated other comprehensive income (6,591) (4,027) (4,243) (5,243) (5,015) 58,571 (0.007) (0.004) (0.005) (0.006) (0.007) 0.083
Retained earnings 511,602 534,421 444,626 402,493 321,112 255,786 0.539 0.557 0.509 0.492 0.454 0.364
Treasury stock, at cost (67,826) (59,795) (32,853) (8,125) (3,109) (1,763) (0.072) (0.062) (0.038) (0.010) (0.004) (0.003)
Berkshire Hathaway shareholders' equity 472,360 506,199 443,164 424,791 348,703 348,296 0.498 0.528 0.507 0.519 0.493 0.496
Noncontrolling interests 8,257 8,731 8,172 3,772 3,797 3,658 0.009 0.009 0.009 0.005 0.005 0.005
Total shareholders' equity 480,617 514,930 451,336 428,563 352,500 351,954 0.507 0.537 0.517 0.524 0.498 0.501
948,452 958,784 873,729 817,729 707,794 702,095 1.0 1.0 1.0 1.0 1.0 1.0
See accompanying Notes to Consolidated Financial Statements
4
Consolidated Income Statement
BERSHIRE HATHAWAT INC.
Dollars in Million 2022
Year Ended in Dec.31
Revenues:
Insurance and Other:
Insurance premiums earned $ 74,645
Sales and service revenues 157,518
Leasing revenues 7,514
Interest, dividend and other investment income 10,263
249,940
Railroad, Utilities and Energy:
Freight rail transportation revenues 25,802
Energy operating revenues 21,023
Service revenues and other income 5,324
52,149
Total revenues 302,089
Earnings (loss) before income taxes and equity method earnings (losses) (32,439)
Equity method earnings (losses) 1,863
Earnings (loss) before income taxes (30,576)
5
Income tax expense (benefit) (8,518)
Net earnings (loss) (22,058)
Earnings (loss) attributable to noncontrolling interests 761
Net earnings (loss) attributable to Berkshire Hathaway shareholders $ (22,819)
Net earnings (loss) per average equivalent Class A share $ (15,535)
Net earnings (loss) per average equivalent Class B share* $ (10)
Average equivalent Class A shares outstanding 1,468,876
Average equivalent Class B shares outstanding 2,203,313,642
*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 21.
6
2021 2020 2019 2018 2017
7
(8,518) (8,518) 20,904 (321) (21,515)
120,204 64,211 81,792 4,322 45,353
1,012 732 375 301 413
$ 119,192 $ 63,479 $ 81,417 $ 4,021 $ 44,940
$ 59,460 $ 26,668 $ 49,828 $ 2,446 $ 27,326
$ 40 $ 18 $ 33 $ 2 $ 18
1,510,180 1,594,469 1,633,946 1,643,795 1,644,615
2,265,269,867 2,391,703,454 2,450,919,020 2,465,692,368 2,466,923,163
8
Consolidated Income Statement
BERSHIRE HATHAWAT INC.
Dollars in Million 2022
Year Ended in Dec.31
Revenues:
Insurance and Other:
Insurance premiums earned $ 74,645
Sales and service revenues 157,518
Leasing revenues 7,514
Interest, dividend and other investment income 10,263
249,940
Railroad, Utilities and Energy:
Freight rail transportation revenues 25,802
Energy operating revenues 21,023
Service revenues and other income 5,324
52,149
Total revenues 302,089
Earnings (loss) before income taxes and equity method earnings (losses) (32,439)
Equity method earnings (losses) 1,863
Earnings (loss) before income taxes (30,576)
9
Income tax expense (benefit) (8,518)
Net earnings (loss) (22,058)
Earnings (loss) attributable to noncontrolling interests 761
Net earnings (loss) attributable to Berkshire Hathaway shareholders $ (22,819)
Net earnings (loss) per average equivalent Class A share $ (15,535)
Net earnings (loss) per average equivalent Class B share* $ (10)
Average equivalent Class A shares outstanding 1,468,876
Average equivalent Class B shares outstanding 2,203,313,642
10
2021 2020 2019 2018 2017 2022
2--
$ 69,478 $ 63,401 $ 61,078 $ 57,418 $ 60,597 0.247
145,043 127,044 134,989 133,336 130,343 0.521
5,988 5,209 5,856 5,732 2,452 0.025
7,465 8,092 9,240 7,678 6,536 0.034
227,974 203,746 211,163 204,164 199,928 0.827
11
(8,518) (8,518) 20,904 (321) (21,515) (0.028)
120,204 64,211 81,792 4,322 45,353 (0.073)
1,012 732 375 301 413 0.003
$ 119,192 $ 63,479 $ 81,417 $ 4,021 $ 44,940 (0.076)
$ 59,460 $ 26,668 $ 49,828 $ 2,446 $ 27,326 (0.051)
$ 40 $ 18 $ 33 $ 2 $ 18 (0.000)
1,510,180 1,594,469 1,633,946 1,643,795 1,644,615 4.862
2,265,269,867 2,391,703,454 2,450,919,020 2,465,692,368 2,466,923,163 7,293.591
12
2021 2020 2019 2018 2,017.000
13
(0.031) (0.035) 0.082 (0.001) (0.090)
0.435 0.261 0.321 0.017 0.189
0.004 0.003 0.001 0.001 0.002
0.432 0.258 0.320 0.016 0.187
0.215 0.109 0.196 0.010 0.114
0.000 0.000 0.000 0.000 0.000
5.468 6.493 6.417 6.633 6.854
8,201.467 9,739.039 9,625.943 9,948.847 10,281.717
14
2022
roa (0.023)
volumm ato 0.317
profit ros (0.073)