Berkshire Hathaway 2005 Annual Report Download - page 49

Download and view the complete annual report

Please find page 49 of the 2005 Berkshire Hathaway annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 82

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82

48
Notes to Consolidated Financial Statements (Continued)
(20) Business segment data (Continued)
Depreciation
Capital expenditures * of tangible assets
Operating Businesses: 2005 2004 2003 2005 2004 2003
Insurance group........................................................................... $ 60 $ 52 $ 55 $ 62 $ 52 $ 63
Apparel........................................................................................ 79 51 71 52 52 51
Building products........................................................................ 212 219 170 184 172 174
Finance and financial products.................................................... 354 373 296 221 213 181
Flight services ............................................................................. 1,023 155 150 156 146 136
McLane Company....................................................................... 125 136 51 96 107 59
Retail........................................................................................... 82 126 106 54 56 51
Shaw Industries........................................................................... 209 125 120 113 99 91
Other businesses.......................................................................... 51 41 47 44 44 43
$2,195 $1,278 $1,066 $ 982 $ 941 $ 849
* Excludes capital expenditures which were part of business acquisitions.
Goodwill Identifiable assets
at year-end at year-end
Operating Businesses: 2005 2004 2005 2004
Insurance group:
GEICO............................................................................................. $ 1,370 $ 1,370 $ 18,262 $ 15,968
General Re....................................................................................... 13,476 13,518 30,564 37,734
Berkshire Hathaway Reinsurance and Primary Groups................... 290 143 78,770 61,057
Total insurance group ......................................................................... 15,136 15,031 127,596 114,759
Apparel ............................................................................................... 54 54 1,668 1,582
Building products................................................................................ 2,154 2,159 2,755 2,803
Finance and financial products ........................................................... 951 911 23,573 30,086
Flight services..................................................................................... 1,369 1,369 3,171 2,823
McLane Company .............................................................................. 158 158 2,555 2,349
Retail................................................................................................... 434 434 1,765 1,669
Shaw Industries................................................................................... 2,228 1,979 2,711 2,153
Other businesses ................................................................................. 1,160 917 2,579 1,875
$23,644 $23,012 168,373 160,099
Reconciliation of segments to consolidated amount:
Corporate and other ........................................................................ 2,183 1,796
Investments in MidAmerican Energy Holdings Company.............. 4,125 3,967
Goodwill ......................................................................................... 23,644 23,012
$198,325 $188,874
Insurance premiums written by geographic region (based upon the domicile of the insured or reinsured) are summarized below.
Dollars are in millions.
Property/Casualty Life/Health
2005 2004 2003 2005 2004 2003
United States ................................................................ $16,228 $14,886 $14,701 $1,147 $1,040 $1,031
Western Europe............................................................ 2,643 3,533 3,880 578 361 297
All other ....................................................................... 760 587 797 578 621 510
$19,631 $19,006 $19,378 $2,303 $2,022 $1,838