Berkshire Hathaway 2004 Annual Report Download - page 30

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29
BERKSHIRE HATHAWAY INC.
and Subsidiaries
CONSOLIDATED BALANCE SHEETS
(dollars in millions except per share amounts)
December 31,
2004 2003
ASSETS
Insurance and Other:
Cash and cash e
q
uivalents.............................................................................................. $ 40,020 $ 31,262
Investments:
Fixed maturit
y
securities............................................................................................. 22,846 26,116
E
q
uit
y
securities ......................................................................................................... 37,717 35,287
Othe
r
........................................................................................................................... 2,346 2,924
Receivables .................................................................................................................... 11,291 12,314
Inventories...................................................................................................................... 3,842 3,656
Pro
p
ert
y
,
p
lant and e
q
ui
p
men
t
........................................................................................ 6,516 6,260
Goodwill of ac
q
uired businesses.................................................................................... 23,012 22,948
Deferred char
g
es reinsurance assumed .......................................................................... 2,727 3,087
Othe
r
............................................................................................................................... 4,508 4,468
154,825 148,322
Investments in MidAmerican Ener
gy
Holdin
g
s Com
p
an
y
............................................. 3,967 3,899
F
inance and Financial Products:
Cash and cash e
q
uivalents.............................................................................................. 3,407 4,695
Investments in fixed maturi
t
y
securities......................................................................... 8,459 9,803
Tradin
g
account assets ................................................................................................... 4,234 4,519
Funds
p
rovided as collateral........................................................................................... 1,649 1,065
Loans and finance receivables........................................................................................ 9,175 4,951
Othe
r
............................................................................................................................... 3,158 3,305
30,082 28,338
$188,874 $180,559
LIABILITIES AND SHAREHOLDERS’ E
Q
UITY
Insurance and Other:
Losses and loss ad
j
ustment ex
p
enses ............................................................................. $ 45,219 $ 45,393
Unearned
p
remiums ....................................................................................................... 6,283 6,308
Life and health insurance benefits.................................................................................. 3,154 2,872
Other
p
olic
y
holder liabilities.......................................................................................... 3,955 3,635
Accounts
p
a
y
able, accruals and other liabilities............................................................. 7,500 6,871
Income taxes,
p
rinci
p
all
y
deferre
d
................................................................................. 12,247 10,994
N
otes
p
a
y
able and other borrowin
g
s .............................................................................. 3,450 4,182
81,808 80,255
F
inance and Financial Products:
Securities sold under a
g
reements to re
p
urchase............................................................. 5,773 7,931
Tradin
g
account liabilities.............................................................................................. 4,794 5,445
Funds held as collateral .................................................................................................. 1,6191,121
N
otes
p
a
y
able and other borrowin
g
s .............................................................................. 5,387 4,937
Other............................................................................................................................... 2,835 2,529
20,408 21,963
Total liabilities.............................................................................................................. 102,216 102,218
Minorit
y
shareholders’ inte
r
ests........................................................................................ 758 745
Shareholders’ e
q
uit
y
:
Common stock - Class A, $5
p
ar value and Class B, $0.1667
p
ar value........................ 8 8
Ca
p
ital in excess of
p
ar value......................................................................................... 26,268 26,151
Accumulated other com
p
rehensive income.................................................................... 20,435 19,556
Retained earnin
g
s ........................................................................................................... 39,189 31,881
Total shareholders’ e
q
uit
y
........................................................................................ 85,900 77,596
$188,874 $180,559
See accompanying Notes to Consolidated Financial Statements