BERKSHIRE HATHAWAY INC

10-K & 10-Q Filings

Berkshire Hathaway Inc. is a holding company based in Omaha, Nebraska, with its corporate headquarters in Omaha. The company is engaged in numerous diverse business activities, including insurance and reinsurance, freight rail transportation, and utility and energy generation and distribution. Berkshire's insurance and reinsurance businesses are conducted through numerous domestic and foreign-based insurance subsidiaries, providing insurance and reinsurance of property and casualty risks, as well as life and health risks worldwide. The company's insurance businesses employed approximately 43,000 people at the end of 2023. Berkshire's insurance businesses operate in both the U.S. and internationally, with significant variations in insurance regulation among countries. Insurers are subject to regulatory oversight and are required to maintain capital strength and comply with various capital requirements and reporting requirements. Berkshire's insurance subsidiaries include GEICO, Berkshire Hathaway Primary Group, and Berkshire Hathaway Reinsurance Group. GEICO is a leading provider of private passenger automobile insurance in the U.S., offering insurance for motorcycles, all-terrain vehicles, recreational vehicles, boats, and small commercial fleets. Berkshire Hathaway Primary Group includes several insurers offering commercial automobile and general liability insurance, workers' compensation, commercial property, and various other insurance coverages. Berkshire Hathaway Reinsurance Group offers a wide range of coverages on property, casualty, life, and health risks to insurers and reinsurers worldwide. Berkshire's website is <https://www.berkshirehathaway.com>, and its ticker symbol is BRK.A for Class A common stock and BRK.B for Class B common stock. The company's business strategy is to achieve an underwriting profit over time and to reject inadequately priced risks. Berkshire expects to maintain a strong capital position and to invest in a diversified portfolio of businesses and securities.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$143688.00
162463.00
182150.00
194673.00
210821.00
223604.00
242137.00
247837.00
254616.00
245510.00
276094.00
302089.00
364482.00
85393.00
89869.00
8.07%5.24%Premiums Earned (+)
$32075.00
34545.00
36684.00
41253.00
41294.00
91762.00
121194.00
114836.00
122156.00
126802.00
138956.00
149290.00
166806.00
19796.00
21474.00
14.73%8.48%Cost of Revenue (-)
$68596.00
77937.00
87132.00
88629.00
97461.00
106915.00
115119.00
119937.00
122244.00
117409.00
130908.00
141811.00
143876.00
35383.00
34839.00
6.37%-1.54%Selling, General & Administrative (-)
$8670.00
10503.00
11917.00
13721.00
15309.00
18217.00
18181.00
18238.00
19322.00
19809.00
18843.00
19506.00
22605.00
5602.00
4773.00
8.31%-14.80%Non-recurring Operating Expenses (-)
$908.00
337.00
Operating Expenses (-)
$12388.00
13780.00
14946.00
17210.00
18824.00
21714.00
23575.00
25986.00
27285.00
28688.00
43107.00
46124.00
48088.00
11852.00
11032.00
11.97%-6.92%Costs & Expenses (Total) (-)
$128374.00
140227.00
153354.00
166568.00
175875.00
190860.00
221237.00
219214.00
225703.00
231289.00
243945.00
266629.00
321144.00
76087.00
76532.00
7.94%0.58%Operating Income/Loss (+)
$15314.00
22236.00
28796.00
28105.00
34946.00
32744.00
20900.00
28623.00
28913.00
14221.00
32149.00
35460.00
43338.00
9306.00
13337.00
9.06%43.32%Non-operating Income/Expense (+)
$4306.00
8069.00
2608.00
506.00
974.00
1674.00
3656.00
-22455.00
72607.00
41472.00
79537.00
-66036.00
76828.00
35446.00
493.00
27.14%-98.61%Interest Expense (-)
$2810.00
2940.00
3029.00
3489.00
3515.00
3497.00
5394.00
3853.00
3961.00
4083.00
4172.00
4352.00
5003.00
1218.00
1316.00
4.92%8.05%Earnings before Tax (+)
$15314.00
22236.00
28796.00
28105.00
34946.00
66411.00
44738.00
10169.00
102696.00
110660.00
111686.00
-63015.00
238359.00
88816.00
30919.00
25.70%-65.19%Tax Expense (-)
$4568.00
6924.00
8951.00
7935.00
10532.00
9240.00
-21515.00
-321.00
20904.00
12440.00
20879.00
-8518.00
23019.00
8995.00
2874.00
14.43%-68.05%Income/Loss (Continuing Operations) (+)
$10746.00
15312.00
19845.00
20170.00
24414.00
24427.00
45353.00
4322.00
81792.00
43253.00
90807.00
-22058.00
97147.00
35757.00
12832.00
20.14%-64.11%Profit/Loss (+)
$10746.00
15312.00
19845.00
20170.00
24414.00
24427.00
45353.00
4322.00
81792.00
43253.00
90807.00
-22058.00
97147.00
35757.00
12832.00
20.14%-64.11%Net Income/Loss (NCI) (-)
$492.00
488.00
369.00
298.00
331.00
353.00
413.00
301.00
375.00
732.00
1012.00
761.00
924.00
253.00
130.00
5.39%-48.62%Net Income/Loss (+)
$10254.00
14824.00
19476.00
19872.00
24083.00
24074.00
44940.00
4021.00
81417.00
42521.00
89795.00
-22819.00
96223.00
35504.00
12702.00
20.51%-64.22%Net Income/Loss (Common) (+)
$10254.00
14824.00
19476.00
19872.00
24083.00
24074.00
44940.00
4021.00
81417.00
42521.00
89795.00
-22819.00
96223.00
35504.00
12702.00
20.51%-64.22%EPS (Basic)
$6215.00
8977.00
11850.00
12092.00
14656.00
14645.00
18.22
1.63
33.22
17.78
39.64
-10.36
44.27
16.25
5.88
-33.77%-63.82%Weighted Avg Shares (Basic)
1649891.00
1.65
1.64
1.64
1.64
1.64
2466.92
2465.69
2450.92
2391.70
2265.27
2203.31
2173.32
2184.66
2159.06
-42.46%-1.17%Cash
$37299.00
46992.00
48186.00
63269.00
71730.00
28048.00
31583.00
30361.00
64175.00
47990.00
88184.00
35811.00
38022.00
26747.00
35549.00
0.16%32.91%Short-term Investments
$
58322.00
84400.00
81506.00
63822.00
90300.00
409254.00
401567.00
483461.00
432030.00
489308.00
13.26%Receivables
$19012.00
21753.00
20497.00
21852.00
23303.00
27097.00
28578.00
35230.00
35835.00
35852.00
39565.00
48301.00
51260.00
52488.00
52835.00
8.62%0.66%Inventory
$8975.00
9675.00
9945.00
10236.00
11916.00
15727.00
16187.00
19069.00
19852.00
19208.00
20954.00
25366.00
24159.00
25499.00
23670.00
8.60%-7.17%Securities & Long-term Investments
$140034.00
153771.00
179141.00
181208.00
172749.00
176461.00
223276.00
226260.00
301744.00
338084.00
54560.00
76386.00
77505.00
72113.00
72187.00
-4.81%0.10%Property, Plant & Equipment (Net)
$100391.00
106872.00
122214.00
129207.00
135819.00
266843.00
148288.00
166706.00
174341.00
187017.00
191282.00
196965.00
216593.00
205855.00
217500.00
6.62%5.66%Goodwill & Intangibles
$53213.00
54523.00
57011.00
60714.00
71856.00
112967.00
113776.00
112524.00
112933.00
103196.00
103512.00
107306.00
113953.00
113503.00
113594.00
6.55%0.08%Other Assets
$33723.00
33866.00
47937.00
59700.00
64884.00
60742.00
56007.00
36138.00
45027.00
52082.00
51473.00
56750.00
65025.00
68837.00
65392.00
5.62%-5.00%Assets (Total)
$392647.00
427452.00
484931.00
526186.00
552257.00
620854.00
702095.00
707794.00
817729.00
873729.00
958784.00
948452.00
1069978.00
997072.00
1070035.00
8.71%7.32%Accounts Payable
$32835.00
35638.00
38044.00
40323.00
31271.00
35042.00
35903.00
37186.00
42319.00
44503.00
46072.00
49816.00
54863.00
52525.00
52232.00
4.37%-0.56%Insurance Liabilities
$82653.00
85340.00
87317.00
96682.00
108075.00
113854.00
145361.00
154692.00
163120.00
172501.00
180214.00
204066.00
207994.00
204547.00
206351.00
7.99%0.88%Securities (Liabilities)
$10139.00
7933.00
5331.00
4810.00
3836.00
2890.00
2172.00
2452.00
968.00
1065.00
Debt (Non-current)
$68671.00
71059.00
80535.00
88563.00
84289.00
101644.00
102587.00
97490.00
103368.00
116895.00
114262.00
122744.00
128271.00
123624.00
122754.00
5.34%-0.70%Other Liabilities
$29388.00
35894.00
49219.00
52781.00
66159.00
81065.00
64118.00
63474.00
79391.00
87429.00
103306.00
91209.00
108080.00
103299.00
110913.00
11.46%7.37%Liabilities (Total)
$223686.00
235864.00
260446.00
283159.00
293630.00
334495.00
350141.00
355294.00
389166.00
422393.00
443854.00
467835.00
499208.00
483995.00
492250.00
6.92%1.71%Treasury Stock
$67.00
1363.00
1363.00
1763.00
1763.00
1763.00
1763.00
3109.00
8125.00
32853.00
59795.00
67826.00
76802.00
72265.00
79375.00
79.86%9.84%Retained Earnings
$109448.00
124272.00
143748.00
163620.00
187703.00
211777.00
255786.00
321112.00
402493.00
444626.00
534421.00
511602.00
607350.00
546631.00
619925.00
15.35%13.41%AOCI
$17654.00
27500.00
44025.00
42732.00
33982.00
37298.00
58571.00
-5015.00
-5243.00
-4243.00
-4027.00
-6591.00
-3763.00
-4976.00
-4050.00
18.61%Shareholder's Equity
$168961.00
191588.00
224485.00
243027.00
258627.00
286359.00
351954.00
352500.00
428563.00
451336.00
514930.00
480617.00
567509.00
513077.00
577785.00
10.62%12.61%Liabilities & Equity
$392647.00
427452.00
484931.00
526186.00
552257.00
620854.00
702095.00
707794.00
817729.00
873729.00
958784.00
948452.00
1069978.00
997072.00
1070035.00
8.71%7.32%Net Income/Loss
$10746.00
15312.00
19845.00
20170.00
24414.00
24427.00
45353.00
4322.00
81792.00
43253.00
90807.00
-22058.00
97147.00
35757.00
12832.00
20.14%-64.11%Depreciation & Amortization
$4683.00
5146.00
6508.00
7370.00
7779.00
8901.00
9188.00
9779.00
10064.00
10596.00
10718.00
10899.00
12486.00
3051.00
3168.00
8.52%3.83%Increase/Decrease in Working Capital
$-5510.00
-1159.00
-5043.00
-8386.00
-7920.00
-6921.00
7813.00
1813.00
-19208.00
-15566.00
-18869.00
14916.00
-20441.00
-5936.00
695.00
111.71%Adjustments to Reconcile Net Income
$9730.00
5638.00
7859.00
11840.00
7077.00
8108.00
423.00
33078.00
-43105.00
-3480.00
-51386.00
59282.00
-47951.00
-27064.00
-2266.00
91.63%Net Cash (Operating)
$20476.00
20950.00
27704.00
32010.00
31491.00
32535.00
45776.00
37400.00
38687.00
39773.00
39421.00
37224.00
49196.00
8693.00
10566.00
7.58%21.55%Capital Expenditure
$16876.00
12963.00
17518.00
20009.00
20984.00
44353.00
14416.00
17816.00
17662.00
15544.00
13732.00
26058.00
28013.00
11342.00
4720.00
4.31%-58.38%Net Cash (Investing)
$-19189.00
-10574.00
-55070.00
-19369.00
-26668.00
-84267.00
-41091.00
-32849.00
-5621.00
-37757.00
29392.00
-87601.00
-32663.00
-7919.00
-3203.00
59.55%Increase/Decrease in Debt
$-357.00
1242.00
3985.00
3996.00
4036.00
12679.00
-1277.00
-4123.00
6077.00
6791.00
-752.00
8171.00
-1087.00
-5092.00
-4576.00
10.13%Increase/Decrease in Equity
$
-1296.00
-1346.00
-4850.00
-24706.00
-27061.00
-7854.00
-9171.00
-4450.00
-2562.00
42.43%Net Cash (Financing)
$-2217.00
-1612.00
1922.00
2731.00
3803.00
12791.00
-1398.00
-5812.00
730.00
-18344.00
-28508.00
-1662.00
-14405.00
-9922.00
-9802.00
1.21%Cash Taxes Paid
$-1493.00
-1710.00
-3514.00
-4905.00
-5718.00
-4044.00
24957.00
4957.00
-15181.00
-7195.00
-15297.00
12892.00
-14865.00
-8629.00
-2433.00
71.80%Effect of Exchange Rate
$2.00
123.00
64.00
-289.00
-165.00
-172.00
248.00
-140.00
25.00
92.00
5.00
-268.00
116.00
47.00
-44.00
40.27%-193.62%Increase/Decrease in Cash
$-928.00
9693.00
1194.00
15083.00
8461.00
-39113.00
3535.00
-1401.00
33821.00
-16236.00
40310.00
-52307.00
2244.00
-9101.00
-2483.00
72.72%Cash (Beginning)
$38227.00
37299.00
46992.00
48186.00
63269.00
67161.00
28048.00
32212.00
30811.00
64632.00
48396.00
88706.00
36399.00
72210.00
76665.00
-0.41%6.17%Cash (Ending)
$37299.00
46992.00
48186.00
63269.00
71730.00
28048.00
31583.00
61172.00
64632.00
48396.00
88706.00
36399.00
76665.00
54045.00
71709.00
6.19%32.68%NOPAT
$10746.00
15312.00
19845.00
20170.00
24414.00
28188.21
30951.04
27719.47
23027.69
12622.33
26138.95
40253.28
39152.73
8363.52
12097.29
11.38%44.64%Gross Margin %
52.26%
52.03%
52.16%
54.47%
53.77%
52.19%
52.46%
51.61%
51.99%
52.18%
52.59%
53.06%
60.53%
58.56%
61.23%
Operating Margin %
10.66%
13.69%
15.81%
14.44%
16.58%
14.64%
8.63%
11.55%
11.36%
5.79%
11.64%
11.74%
11.89%
10.90%
14.84%
NOPAT Margin %
7.48%
9.42%
10.89%
10.36%
11.58%
12.61%
12.78%
11.18%
9.04%
5.14%
9.47%
13.32%
10.74%
9.79%
13.46%
Net Margin %
7.14%
9.12%
10.69%
10.21%
11.42%
10.77%
18.56%
1.62%
31.98%
17.32%
32.52%
-7.55%
26.40%
41.58%
14.13%
Tax Rate %
29.83%
31.14%
31.08%
28.23%
30.14%
13.91%
-48.09%
3.16%
20.36%
11.24%
18.69%
-13.52%
9.66%
10.13%
9.30%
ROA
2.74%
3.58%
4.09%
3.83%
4.42%
4.54%
4.41%
3.92%
2.82%
1.44%
2.73%
4.24%
3.66%
0.84%
1.13%
ROE
6.36%
7.99%
8.84%
8.30%
9.44%
9.84%
8.79%
7.86%
5.37%
2.80%
5.08%
8.38%
6.90%
1.63%
2.09%
ROIC
6.59%
8.83%
10.45%
10.03%
10.49%
6.88%
10.49%
8.63%
7.06%
3.88%
7.76%
11.23%
10.10%
2.37%
3.32%
Asset Turnover
0.37
0.38
0.38
0.37
0.38
0.36
0.34
0.35
0.31
0.28
0.29
0.32
0.34
0.09
0.08
Inventory Turnover
7.64
8.06
8.76
8.66
8.18
6.80
7.11
6.29
6.16
6.11
6.25
5.59
5.96
1.39
1.47
Equity Multiplier
2.32
2.23
2.16
2.17
2.14
2.17
1.99
2.01
1.91
1.94
1.86
1.97
1.89
1.94
1.85
Current Ratio
1.99
2.20
2.07
2.36
3.42
3.69
4.48
4.47
4.34
4.34
12.11
10.26
10.88
10.22
11.51
Quick Ratio
1.71
1.93
1.81
2.11
3.04
3.24
4.03
3.96
3.87
3.91
11.66
9.75
10.44
9.73
11.06
Debt/Equity Ratio
0.41
0.37
0.36
0.36
0.33
0.35
0.29
0.28
0.24
0.26
0.22
0.26
0.23
0.24
0.21
Working Capital/Sales
0.07
0.07
0.06
0.06
0.12
0.13
0.14
0.17
0.15
0.14
0.15
0.18
0.16
0.40
0.37
Total Payout
$357.00
54.00
-3985.00
-3996.00
-4036.00
-12679.00
1277.00
5469.00
-1227.00
17915.00
27813.00
-317.00
10258.00
9542.00
7138.00
32.29%-25.19%Payout Ratio %
3.32%
0.35%
-20.08%
-19.81%
-16.53%
-44.98%
4.13%
19.73%
-5.33%
141.93%
106.40%
-0.79%
26.20%
114.09%
59.00%