Berkshire Hathaway 2011 Annual Report Download - page 28

BERKSHIRE HATHAWAY INC.
and Subsidiaries
CONSOLIDATED BALANCE SHEETS
(dollars in millions)
December 31,
2011 2010
ASSETS
Insurance and Other:
Cash and cash equivalents ..................................................................................... $ 33,513 $ 34,767
Investments:
Fixed maturity securities ................................................................................... 31,222 33,803
Equity securities ......................................................................................... 76,063 59,819
Other .................................................................................................. 13,111 19,333
Receivables ................................................................................................. 19,012 20,917
Inventories .................................................................................................. 8,975 7,101
Property, plant and equipment .................................................................................. 18,177 15,741
Goodwill ................................................................................................... 32,125 27,891
Other ...................................................................................................... 18,121 13,529
250,319 232,901
Railroad, Utilities and Energy:
Cash and cash equivalents ..................................................................................... 2,246 2,557
Property, plant and equipment .................................................................................. 82,214 77,385
Goodwill ................................................................................................... 20,056 20,084
Other ...................................................................................................... 12,861 13,579
117,377 113,605
Finance and Financial Products:
Cash and cash equivalents ..................................................................................... 1,540 903
Investments in fixed maturity securities ........................................................................... 966 1,080
Other investments ............................................................................................ 3,810 3,676
Loans and finance receivables .................................................................................. 13,934 15,226
Goodwill ................................................................................................... 1,032 1,031
Other ...................................................................................................... 3,669 3,807
24,951 25,723
$392,647 $372,229
LIABILITIES AND SHAREHOLDERS’ EQUITY
Insurance and Other:
Losses and loss adjustment expenses ............................................................................. $ 63,819 $ 60,075
Unearned premiums .......................................................................................... 8,910 7,997
Life, annuity and health insurance benefits ........................................................................ 9,924 8,565
Accounts payable, accruals and other liabilities ..................................................................... 18,466 15,826
Notes payable and other borrowings .............................................................................. 13,768 12,471
114,887 104,934
Railroad, Utilities and Energy:
Accounts payable, accruals and other liabilities ..................................................................... 13,016 12,367
Notes payable and other borrowings .............................................................................. 32,580 31,626
45,596 43,993
Finance and Financial Products:
Accounts payable, accruals and other liabilities ..................................................................... 1,224 1,168
Derivative contract liabilities ................................................................................... 10,139 8,371
Notes payable and other borrowings .............................................................................. 14,036 14,477
25,399 24,016
Income taxes, principally deferred ................................................................................... 37,804 36,352
Total liabilities ...................................................................................... 223,686 209,295
Shareholders’ equity:
Common stock .............................................................................................. 8 8
Capital in excess of par value ................................................................................... 37,807 37,533
Accumulated other comprehensive income ........................................................................ 17,654 20,583
Retained earnings ............................................................................................ 109,448 99,194
Treasury stock, at cost ......................................................................................... (67) —
Berkshire Hathaway shareholders’ equity ................................................................. 164,850 157,318
Noncontrolling interests ....................................................................................... 4,111 5,616
Total shareholders’ equity .............................................................................. 168,961 162,934
$392,647 $372,229
See accompanying Notes to Consolidated Financial Statements
26