Berkshire Hathaway Inc. (BRKB) financial statements (2022 and earlier)

Company profile

Business Address 3555 FARNAM STREET
OMAHA, NE 68131
State of Incorp. DE
Fiscal Year End December 31
SIC 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments350,719281,170248,027172,75731,58328,04871,730
Cash and cash equivalents    31,58328,04871,730
Short-term investments350,719281,170248,027172,757   
Inventory, net of allowances, customer advances and progress billings20,95419,20819,85219,06916,18715,72711,916
Inventory20,95419,20819,85219,06916,18715,72711,916
Total current assets:371,673300,378267,879191,82647,77043,77583,646
Noncurrent Assets
Operating lease, right-of-use asset5,0915,579 
Intangible assets, net (including goodwill)92,37592,034100,88290,56992,15791,40359,971
Goodwill73,87573,73481,88281,02581,25879,48662,708
Intangible assets, net (excluding goodwill)18,50018,30019,0009,54410,89911,917(2,737)
Total noncurrent assets:97,46697,613100,88290,56992,15791,40359,971
Other undisclosed assets489,645475,738448,968425,399562,168485,676408,640
TOTAL ASSETS:958,784873,729817,729707,794702,095620,854552,257
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities  24   (643)
Taxes payable  24   (643)
Total current liabilities:  24   (643)
Noncurrent Liabilities
Liabilities, other than long-term debt89,67973,26165,823    
Deferred income tax liabilities89,67973,26165,823
Total noncurrent liabilities:89,67973,26165,823    
Other undisclosed liabilities354,175349,132323,319355,294350,141334,495294,273
Total liabilities:443,854422,393389,166355,294350,141334,495293,630
Stockholders' equity
Stockholders' equity attributable to parent506,199443,164424,791348,703348,296283,001255,550
Common stock8888888
Treasury stock, value(59,795)(32,853)(8,125)(3,109)(1,763)(1,763)(1,763)
Additional paid in capital35,59235,62635,65835,70735,69435,68135,620
Accumulated other comprehensive income (loss)(4,027)(4,243)(5,243)(5,015)58,57137,29833,982
Retained earnings534,421444,626402,493321,112255,786211,777187,703
Stockholders' equity attributable to noncontrolling interest8,7318,1723,7723,7973,6583,3583,077
Total stockholders' equity:514,930451,336428,563352,500351,954286,359258,627
TOTAL LIABILITIES AND EQUITY:958,784873,729817,729707,794702,095620,854552,257

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues276,094245,510254,616247,837242,137223,604210,821
Revenue, net132,900125,700112,400
Cost of revenue(88)(177)(224,386)(219,214)(221,237)(190,860)(175,875)
Provision for loan, lease, and other losses(88)(177)  
Gross profit:276,006245,33330,23028,62320,90032,74434,946
Operating expenses  (1,317)    
Operating income:276,006245,33328,91328,62320,90032,74434,946
Nonoperating income (expense)78,54240,74672,607(22,455)   
Investment income, nonoperating78,54240,9051,484(300)   
Interest and debt expense(4,172)(4,083)(3,961)(3,853)(5,394)(3,497)(3,515)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(239,685)(227,029)3,9613,8535,3943,497 
Income from continuing operations before equity method investments, income taxes:110,69154,967101,5206,16820,90032,74431,431
Income (loss) from equity method investments9957261,176(2,167)2,938923 
Other undisclosed income from continuing operations before income taxes      3,515
Income from continuing operations before income taxes:111,68655,693102,6964,00123,83833,66734,946
Income tax expense (benefit)(20,879)(12,440)(20,904)32121,515(9,240)(10,532)
Net income:90,80743,25381,7924,32245,35324,42724,414
Net loss attributable to noncontrolling interest(1,012)(732)(375)(301)(413)(353)(331)
Net income available to common stockholders, diluted:89,79542,52181,4174,02144,94024,07424,083

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:90,80743,25381,7924,32245,35324,42724,414
Other comprehensive income (loss)2341,019(198)(2,263)21,4153,254(8,806)
Comprehensive income:91,04144,27281,5942,05966,76827,68115,608
Comprehensive loss, net of tax, attributable to noncontrolling interest(1,030)(751)(405)(249)(555)(291)(275)
Comprehensive income, net of tax, attributable to parent:90,01143,52181,1891,81066,21327,39015,333

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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