Berkshire Hathaway 2013 Annual Report Download - page 28

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BERKSHIRE HATHAWAY INC.
and Subsidiaries
Selected Financial Data for the Past Five Years
(dollars in millions except per-share data)
2013 2012 2011 2010 2009
Revenues:
Insurance premiums earned ................................. $ 36,684 $ 34,545 $ 32,075 $ 30,749 $ 27,884
Sales and service revenues .................................. 94,806 83,268 72,803 67,225 62,555
Revenues of railroad, utilities and energy businesses (1) ........... 34,757 32,582 30,839 26,364 11,443
Interest, dividend and other investment income ................. 4,939 4,534 4,792 5,215 5,531
Interest and other revenues of finance and financial products
businesses ............................................. 4,291 4,109 4,009 4,286 4,293
Investment and derivative gains/losses (2) ...................... 6,673 3,425 (830) 2,346 787
Total revenues ........................................... $182,150 $162,463 $143,688 $136,185 $112,493
Earnings:
Net earnings attributable to Berkshire Hathaway (2) .............. $ 19,476 $ 14,824 $ 10,254 $ 12,967 $ 8,055
Net earnings per share attributable to Berkshire Hathaway
shareholders (3) ......................................... $ 11,850 $ 8,977 $ 6,215 $ 7,928 $ 5,193
Year-end data:
Total assets .............................................. $484,931 $427,452 $392,647 $372,229 $297,119
Notes payable and other borrowings:
Insurance and other businesses .......................... 12,902 13,535 13,768 12,471 4,561
Railroad, utilities and energy businesses (1) ................. 46,655 36,156 32,580 31,626 19,579
Finance and financial products businesses .................. 12,667 13,045 14,036 14,477 13,769
Berkshire Hathaway shareholders’ equity ...................... 221,890 187,647 164,850 157,318 131,102
Class A equivalent common shares outstanding, in thousands ...... 1,644 1,643 1,651 1,648 1,552
Berkshire Hathaway shareholders’ equity per outstanding Class A
equivalent common share ................................. $134,973 $114,214 $ 99,860 $ 95,453 $ 84,487
(1) On February 12, 2010, BNSF became a wholly-owned subsidiary of Berkshire and BNSF’s accounts are consolidated in
Berkshire’s financial statements beginning on that date. From December 31, 2008 to February 12, 2010, Berkshire’s
investment in BNSF common stock was accounted for pursuant to the equity method.
(2) Investment gains/losses include realized gains and losses and non-cash other-than-temporary impairment losses.
Derivative gains/losses include significant amounts related to non-cash changes in the fair value of long-term contracts
arising from short-term changes in equity prices, interest rates and foreign currency rates, among other market factors.
After-tax investment and derivative gains/losses were $4.3 billion in 2013, $2.2 billion in 2012, $(521) million in 2011,
$1.87 billion in 2010 and $486 million in 2009.
(3) Represents net earnings per equivalent Class A common share. Net earnings per Class B common share is equal to 1/1,500
of such amount.
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