Berkshire Hathaway 2003 Annual Report Download - page 49

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48
Notes to Consolidated Financial Statements (Continued)
(19) Supplemental cash flow information
A summary of supplemental cash flow information for each of the three years ending December 31, 2003 is
presented in the following table (in millions). 2003 2002 2001
Cash paid during the year for:
Income taxes.................................................................................................................. $3,309 $1,945 $ 905
Interest of finance and financial products businesses.................................................... 372 509 726
Interest of insurance and other businesses..................................................................... 215 207 221
Non-cash investing and financing activities:
Liabilities assumed in connection with acquisitions of businesses................................ 2,167 700 3,507
Common shares issued in connection with acquisitions of businesses.......................... —324 —
Securities sold (purchased) offset by decrease (increase) in repurchase agreements .... 5,936 6,666 (6,731)
(20) Business segment data
Information related to Berkshire’ s reportable business operating segments is shown below. Berkshire’ s reportable
segments are reported in a manner consistent with the way management evaluates the businesses. As such, insurance
underwriting activities are evaluated separately from investment activities. Realized investment gains are not considered
relevant in evaluating investment performance on an annual basis. Amortization of purchase accounting adjustments is
not considered by management in evaluating the results of the business segments.
Business Identity Business Activity
GEICO Underwriting private passenger automobile insurance
mainly by direct response methods
General Re Underwriting excess-of-loss, quota-share and facultative
reinsurance worldwide
Berkshire Hathaway Reinsurance Group Underwriting excess-of-loss and quota-share reinsurance for
property and casualty insurers and reinsurers
Berkshire Hathaway Primary Group Underwriting multiple lines of property and casualty
insurance policies for primarily commercial accounts
Fruit of the Loom, Garan, Fechheimer Brothers,
H.H. Brown Shoe, Lowell Shoe, Justin Brands
and Dexter Shoe (“Apparel”)
Manufacturing and distribution of a variety of footwear and
clothing products, including underwear, activewear,
children’ s clothes and uniforms
Acme Building Brands, Benjamin Moore, Johns
Manville and MiTek (“Building products”)
Manufacturing and distribution of a variety of building
materials and related products and services
BH Finance, Clayton Homes, XTRA, CORT,
Berkshire Hathaway Life and General Re
Securities (“Finance and financial products”)
Proprietary investing, manufactured housing and related
consumer financing, transportation equipment leasing,
furniture leasing, life annuities and risk management
products
FlightSafety and NetJets (“Flight services”) Training to operators of aircraft and ships and providing
fractional ownership programs for general aviation aircraft
McLane Wholesale distributing of groceries and non-food items
Nebraska Furniture Mart, R.C. Willey Home
Furnishings, Star Furniture Company, Jordan’ s
Furniture, Borsheim’ s, Helzberg Diamond Shops
and Ben Bridge Jeweler (“Retail”)
Retail sales of home furnishings, appliances, electronics,
fine jewelry and gifts
Shaw Industries Manufacturing and distribution of carpet and floor
coverings under a variety of brand names
Other businesses not specifically identified consist of: Scott Fetzer, a diversified manufacturer and distributor of
commercial and industrial products; Buffalo News, a newspaper publisher in Western New York; International Dairy
Queen, which licenses and services a system of about 6,000 Dairy Queen stores; See’ s Candies, a manufacturer and
distributor of boxed chocolates and other confectionery products; Larson-Juhl, which designs, manufactures, and
distributes custom picture framing products; CTB International, a manufacturer of equipment and systems for the
poultry, hog, egg production and grain industries and The Pampered Chef, a direct seller of kitchen tools.