Berkshire Hathaway 2000 Annual Report Download - page 25

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24
BERKSHIRE HATHAWAY INC.
and Subsidiaries
CONSOLIDATED BALANCE SHEETS
(dollars in millions except per share amounts)
December 31,
2000 1999
ASSETS
Cash and cash equivalents............................................................................................... $ 5,263 $ 3,835
Investments:
Securities with fixed maturities..................................................................................... 32,567 30,222
Equity securities........................................................................................................... 37,619 37,772
Other ........................................................................................................................... 1,637 1,736
Receivables..................................................................................................................... 11,764 8,558
Inventories...................................................................................................................... 1,275 844
Investments in MidAmerican Energy Holdings Company ................................................ 1,719 —
Assets of finance and financial products businesses ......................................................... 16,829 24,229
Property, plant and equipment......................................................................................... 2,699 1,903
Goodwill of acquired businesses...................................................................................... 18,875 18,281
Other assets .................................................................................................................... 5,545 4,036
$135,792 $131,416
LIABILITIES AND SHAREHOLDERS’ EQUITY
Losses and loss adjustment expenses ............................................................................... $ 33,022 $ 26,802
Unearned premiums........................................................................................................ 3,885 3,718
Accounts payable, accruals and other liabilities ............................................................... 8,374 7,458
Income taxes, principally deferred................................................................................... 10,125 9,566
Borrowings under investment agreements and other debt ................................................. 2,663 2,465
Liabilities of finance and financial products businesses.................................................... 14,730 22,223
72,799 72,232
Minority shareholders’ interests ...................................................................................... 1,269 1,423
Shareholders’ equity:
Common Stock:*
Class A Common Stock, $5 par value
and Class B Common Stock, $0.1667 par value....................................................... 8 8
Capital in excess of par value ....................................................................................... 25,524 25,209
Accumulated other comprehensive income ................................................................... 17,543 17,223
Retained earnings......................................................................................................... 18,649 15,321
Total shareholders’ equity ....................................................................................... 61,724 57,761
$135,792 $131,416
* Class B Common Stock has economic rights equal to one-thirtieth (1/30) of the economic rights of Class A
Common Stock. Accordingly, on an equivalent Class A Common Stock basis, there are 1,526,230 shares
outstanding at December 31, 2000 versus 1,520,562 shares outstanding at December 31, 1999.
See accompanying Notes to Consolidated Financial Statements