Berkshire Hathaway 2007 Annual Report Download - page 26

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25
BERKSHIRE HATHAWAY INC.
and Subsidiaries
CONSOLIDATED BALANCE SHEETS
(dollars in millions except per share amounts)
December 31
,
2007 2006
ASSETS
Insurance and Other:
Cash and cash e
q
uivalents .................................................................................... $ 37
,
703 $ 37
,
977
Investments:
Fixed maturit
y
securities................................................................................... 28
,
515 25
,
300
E
q
uit
y
securities................................................................................................ 74
,
999 61
,
533
Loans and
r
eceivables........................................................................................... 13
,
157 12
,
881
Inventories ............................................................................................................ 5
,
793 5
,
257
Pro
p
ert
y,
p
lant and e
q
ui
p
men
t
.............................................................................. 9
,
969 9
,
303
Goodwill............................................................................................................... 26
,
306 25
,
678
Deferred char
g
es reinsurance assumed................................................................. 3
,
987 1
,
964
Othe
r
..................................................................................................................... 7
,
797 7
,
443
208
,
226 187
,
336
Utilities and Ener
gy
:
Cash and cash e
q
uivalents .................................................................................... 1
,
178 343
Pro
p
ert
y,
p
lant and e
q
ui
p
men
t
.............................................................................. 26
,
221 24
,
039
Goodwill............................................................................................................... 5
,
543 5
,
548
Othe
r
..................................................................................................................... 6
,
246 6
,
560
39
,
188 36
,
490
F
inance and Financial Products:
Cash and cash e
q
uivalents .................................................................................... 5
,
448 5
,
423
Investments in fixed maturit
y
securities ............................................................... 3
,
056 3
,
012
Loans and finance receivables.............................................................................. 12
,
359 11
,
498
Goodwill............................................................................................................... 1
,
013 1
,
012
Othe
r
..................................................................................................................... 3
,
870 3
,
666
25
,
746 24
,
611
$273,160 $248,437
LIABILITIES AND SHAREHOLDERS’ E
Q
UITY
Insurance and Other:
Losses and loss ad
j
ustment ex
p
enses................................................................... $ 56,002 $ 47,612
Unearned
p
remiums............................................................................................. 6,680 7,058
Life and health insurance benefits ....................................................................... 3,804 3,600
Other
p
olic
y
holder liabilities ............................................................................... 4,089 3,938
Accounts
p
a
y
able, accruals and other liabilities .................................................. 10,672 9,654
N
otes
p
a
y
able and other borrowin
g
s ................................................................... 2,680 3,698
83,927 75,560
Utilities and Ener
gy
:
Accounts
p
a
y
able, accruals and other liabilities .................................................. 6,043 6,693
N
otes
p
a
y
able and other borrowin
g
s ................................................................... 19,002 16,946
25,045 23,639
F
inance and Financial Products:
Accounts
p
a
y
able, accruals and other liabilities .................................................. 2,931 3,543
Derivative contract liabilities............................................................................... 6,887 3,883
Notes payable and other borrowings ................................................................... 12,144 11,961
21,962 19,387
Income taxes,
p
rinci
p
all
y
deferre
d
.......................................................................... 18,825 19,170
Total liabilities ................................................................................................. 149,759 137,756
Minorit
y
shareholders’ interests ............................................................................. 2,668 2,262
Shareholders’ e
q
uit
y
:
Common stock:
Class A, $5
p
ar value; Class B, $0.1667
p
ar value .......................................... 8 8
Ca
p
ital in excess of
p
ar value .............................................................................. 26,952 26,522
Accumulated other com
p
rehensive income ......................................................... 21
,
620 22
,
977
Retained earnin
g
s................................................................................................. 72,153 58,912
Total shareholders’ e
q
uit
y
.............................................................................. 120,733 108,419
$273,160 $248,437
See accompanying Notes to Consolidated Financial Statements