Berkshire Hathaway 2000 Annual Report Download - page 43

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Notes to Consolidated Financial Statements (Continued)
(15) Insurance premium and supplemental cash flow information (Continued)
A summary of supplemental cash flow information is presented in the following table (in millions):
2000 1999 1998
Cash paid during the year for:
Income taxes .......................................................................................................... $1,396 $2,215 $1,703
Interest of finance and financial products businesses ............................................... 794 513 21
Other interest.......................................................................................................... 157 136 111
Non-cash investing and financing activities:
Liabilities assumed in connection with acquisitions of businesses............................ 901 61 36,064
Common shares issued in connection with acquisitions of businesses ...................... 224 — 22,795
Contingent value of Exchange Notes recognized in earnings ................................... 117 87 54
Value of equity securities used to redeem Exchange Notes ...................................... 278 298 344
(16) Business Segment Data
SFAS No. 131 requires certain disclosures about operating segments in a manner that is consistent with how
management evaluates the performance of the segment. Information related to Berkshire’s reportable business operating
segments is shown below.
Business Identity
Business Activity
GEICO Underwriting private passenger automobile insurance
mainly by direct response methods
General Re Underwriting excess-of-loss, quota-share and facultative
reinsurance worldwide
Berkshire Hathaway Reinsurance Group Underwriting excess-of-loss and quota-share reinsurance for
property and casualty insurers and reinsurers
Berkshire Hathaway Direct Insurance Group Underwriting multiple lines of property and casualty
insurance policies for primarily commercial accounts
FlightSafety and Executive Jet (“Flight Services”) Training to operators of aircraft and ships and providing
fractional ownership programs for general aviation aircraft
Nebraska Furniture Mart, R.C. Willey Home
Furnishings, Star Furniture Company, Jordan’s
Furniture, Borsheim’s, Helzberg’s Diamond
Shops and Ben Bridge Jeweler (“Retail
Businesses”)
Retail sales of home furnishings, appliances, electronics,
fine jewelry and gifts
Scott Fetzer Companies Diversified manufacturing and distribution of various
consumer and commercial products with principal brand
names including Kirby and Campbell Hausfeld
Other businesses not specifically identified above consist of: Buffalo News, a daily newspaper publisher in
Western New York; International Dairy Queen, which licenses and services a system of almost 6,000 Dairy Queen
stores; See’s Candies, a manufacturer and distributor of boxed chocolates and other confectionery products; H.H. Brown
Shoe, Lowell Shoe, Dexter Shoe and Justin Brands, manufacturers and distributors of footwear and Acme Building
Brands, a manufacturer and distributor of building materials. This group of businesses also includes several
independently operated finance and financial products businesses. In 2000, other businesses also include CORT
Business Services, a leading national provider of rental furniture and related services and Benjamin Moore, a
formulator, manufacturer and retailer of a range of architectural and industrial coatings and paints.
General Re’s reinsurance business is included as a separate reportable segment beginning in 1999.