Berkshire Hathaway 2015 Annual Report Download - page 39
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BERKSHIRE HATHAWAY INC.
and Subsidiaries
CONSOLIDATED BALANCE SHEETS
(dollars in millions)
December 31,
2015 2014
LIABILITIES AND SHAREHOLDERS’ EQUITY
Insurance and Other:
Losses and loss adjustment expenses .................................................. $ 73,144 $ 71,477
Unearned premiums ............................................................... 13,311 11,944
Life, annuity and health insurance benefits .............................................. 14,497 13,261
Other policyholder liabilities ......................................................... 7,123 6,835
Accounts payable, accruals and other liabilities .......................................... 17,879 16,472
Notes payable and other borrowings ................................................... 14,599 11,854
140,553 131,843
Railroad, Utilities and Energy:
Accounts payable, accruals and other liabilities .......................................... 11,994 12,763
Regulatory liabilities ............................................................... 3,033 2,832
Notes payable and other borrowings ................................................... 57,739 55,306
72,766 70,901
Finance and Financial Products:
Accounts payable, accruals and other liabilities .......................................... 1,398 1,321
Derivative contract liabilities ........................................................ 3,836 4,810
Notes payable and other borrowings ................................................... 11,951 12,730
17,185 18,861
Income taxes, principally deferred ........................................................ 63,126 61,235
Total liabilities ............................................................... 293,630 282,840
Shareholders’ equity:
Common stock .................................................................... 8 8
Capital in excess of par value ........................................................ 35,620 35,573
Accumulated other comprehensive income ............................................. 33,982 42,732
Retained earnings ................................................................. 187,703 163,620
Treasury stock, at cost .............................................................. (1,763) (1,763)
Berkshire Hathaway shareholders’ equity .......................................... 255,550 240,170
Noncontrolling interests ............................................................ 3,077 2,857
Total shareholders’ equity ....................................................... 258,627 243,027
$552,257 $525,867
See accompanying Notes to Consolidated Financial Statements
37