Berkshire Hathaway 2008 Annual Report Download - page 29

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BERKSHIRE HATHAWAY INC.
and Subsidiaries
CONSOLIDATED BALANCE SHEETS
(dollars in millions except per share amounts)
December 31,
2008 2007
ASSETS
Insurance and Other:
Cash and cash equivalents ...................................................................... $ 24,302 $ 37,703
Investments:
Fixed maturity securities ................................................................... 27,115 28,515
Equity securities ......................................................................... 49,073 74,999
Other .................................................................................. 21,535 —
Loans and receivables ......................................................................... 14,925 13,157
Inventories .................................................................................. 7,500 5,793
Property, plant, equipment and assets held for lease .................................................. 16,703 9,969
Goodwill ................................................................................... 27,477 26,306
Deferred charges reinsurance assumed ............................................................ 3,923 3,987
Other ...................................................................................... 9,334 7,797
201,887 208,226
Utilities and Energy:
Cash and cash equivalents ...................................................................... 280 1,178
Property, plant and equipment ................................................................... 28,454 26,221
Goodwill ................................................................................... 5,280 5,543
Other ...................................................................................... 7,556 6,246
41,570 39,188
Finance and Financial Products:
Cash and cash equivalents ...................................................................... 957 5,448
Investments in fixed maturity securities ........................................................... 4,517 3,056
Loans and finance receivables ................................................................... 13,942 12,359
Goodwill ................................................................................... 1,024 1,013
Other ...................................................................................... 3,502 3,870
23,942 25,746
$267,399 $273,160
LIABILITIES AND SHAREHOLDERS’ EQUITY
Insurance and Other:
Losses and loss adjustment expenses ............................................................. $ 56,620 $ 56,002
Unearned premiums .......................................................................... 7,861 6,680
Life and health insurance benefits ................................................................ 3,619 3,804
Other policyholder liabilities .................................................................... 3,243 4,089
Accounts payable, accruals and other liabilities ..................................................... 11,744 10,672
Notes payable and other borrowings .............................................................. 4,349 2,680
87,436 83,927
Utilities and Energy:
Accounts payable, accruals and other liabilities ..................................................... 6,303 6,043
Notes payable and other borrowings .............................................................. 19,145 19,002
25,448 25,045
Finance and Financial Products:
Accounts payable, accruals and other liabilities ..................................................... 2,656 2,931
Derivative contract liabilities ................................................................... 14,612 6,887
Notes payable and other borrowings .............................................................. 13,388 12,144
30,656 21,962
Income taxes, principally deferred ................................................................... 10,280 18,825
Total liabilities ....................................................................... 153,820 149,759
Minority shareholders’ interests ..................................................................... 4,312 2,668
Shareholders’ equity:
Common stock: Class A, $5 par value; Class B, $0.1667 par value ...................................... 8 8
Capital in excess of par value ................................................................... 27,133 26,952
Accumulated other comprehensive income ........................................................ 3,954 21,620
Retained earnings ............................................................................ 78,172 72,153
Total shareholders’ equity .............................................................. 109,267 120,733
$267,399 $273,160
See accompanying Notes to Consolidated Financial Statements
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