← BERKSHIRE HATHAWAY INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $125.7b | $132.9b | $247.8b | $254.6b | $245.6b | $276.2b | $302.1b | $364.5b | $371.4b | $371.4b | |
| Revenues: | |||||||||||
| Cost of sales and services | $99.2b | $105.8b | $106.1b | $107.0b | $101.1b | $114.1b | $124.3b | $122.6b | $163.6b | $160.1b | |
| Utilities and energy cost of sales and other expenses | $26.2b | $28.0b | $11.6b | $11.3b | $11.6b | $14.0b | $15.9b | $68.0b | $17.0b | $17.0b | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | $1.5b | $1.5b | $1.4b | $1.3b | $1.3b | $1.3b | $1.2b | $1.8b | $1.8b | $1.7b | |
| Earnings attributable to noncontrolling interests | $353.0m | $413.0m | $301.0m | $375.0m | $732.0m | $1.0b | $761.0m | $924.0m | $566.0m | $292.0m | |
| Earnings before income taxes | $33.7b | $23.8b | $4.0b | $102.7b | $55.7b | $111.7b | ($30.6b) | $120.2b | $110.4b | $82.5b | |
| Earnings before income taxes and equity method earnings | $32.7b | $20.9b | $6.2b | $101.5b | $55.0b | $110.7b | ($32.4b) | $118.2b | $108.5b | $92.0b | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | $291.0m | $1.6b | ($14.0b) | $997.0m | ($3.9b) | $2.7b | $3.5b | ($18.0m) | |
| Equity method earnings (losses) | $923.0m | $2.9b | ($2.2b) | $1.2b | $726.0m | $995.0m | $1.9b | $2.0b | $1.8b | ($9.6b) | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | — | — | $2.1b | — | — | — | |
| Goodwill, Impairment Loss | — | — | — | — | $10.0b | — | — | — | — | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | — | — | — | — | — | — | — | — | — | $77.1b | |
| Income (Loss) from Equity Method Investments | $923.0m | $2.9b | ($2.2b) | $1.2b | $726.0m | $995.0m | $1.9b | $2.0b | $1.8b | ($9.6b) | |
| Insurance premiums earned | $91.8b | $121.2b | $114.8b | $122.2b | $126.8b | $139.0b | $149.3b | $166.8b | $176.5b | $177.8b | |
| Interest, dividend and other investment income | $6.2b | $6.6b | $7.7b | $9.2b | $8.1b | $7.5b | $10.3b | $15.6b | $21.8b | $23.3b | |
| Investment gains (losses) | $7.6b | $1.4b | ($22.2b) | $71.1b | — | — | ($67.9b) | $74.9b | $52.8b | $39.1b | |
| Leasing revenues | $2.6b | $2.5b | $5.7b | $5.9b | $5.2b | $6.0b | $7.5b | $8.4b | $9.2b | $10.0b | |
| Life, annuity and health insurance benefits | $5.1b | $5.6b | $5.7b | $5.0b | $5.8b | $6.0b | $5.2b | $4.0b | $3.9b | $4.4b | |
| Net earnings | $24.4b | $45.4b | $4.3b | $81.8b | $43.3b | $90.8b | ($22.1b) | $97.1b | $89.6b | $67.3b | |
| Net earnings attributable to Berkshire shareholders | $24.1b | $44.9b | $4.0b | $81.4b | $42.5b | $89.8b | ($22.8b) | $96.2b | $89.0b | $67.0b | |
| Operating Lease, Lease Income | $2.6b | $2.5b | $5.7b | $5.9b | $5.2b | $6.0b | $7.5b | $8.4b | $9.2b | $10.0b | |
| Railroad transportation revenues | — | — | — | — | — | — | $25.8b | $23.8b | $23.4b | $23.3b | |
| Reclassification from AOCI, Current Period, before Tax, Attributable to Parent | — | — | — | ($42.0m) | — | — | — | — | — | — | |
| Sales and service revenues | $125.7b | $132.9b | $175.4b | $176.5b | $166.7b | $145.0b | $157.5b | $155.7b | $202.3b | $199.5b | |
| Service revenues and other income | $3.1b | $3.8b | $4.4b | $4.7b | $5.5b | $6.1b | $5.3b | $4.9b | $4.9b | $4.5b | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | — | ($300.0m) | $1.5b | — | $966.0m | ($276.0m) | — | — | — | |
| Gain (Loss) on Investments | $7.6b | $1.4b | ($22.2b) | $71.1b | $40.9b | $77.6b | ($67.6b) | $74.9b | $52.8b | $39.1b | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $33.7b | $23.8b | $4.0b | $102.7b | $55.7b | $111.7b | ($30.6b) | $120.2b | $110.4b | $82.5b | |
| Net Income (Loss) Attributable to Parent | $24.1b | $44.9b | $4.0b | $81.4b | $42.5b | $89.8b | ($22.8b) | $96.2b | $89.0b | $67.0b | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $353.0m | $413.0m | $301.0m | $375.0m | $732.0m | $1.0b | $761.0m | $924.0m | $566.0m | $292.0m | |
| Earnings per share: | |||||||||||
| Average equivalent shares outstanding | 1.6m | 2.5b | 2.5b | 2.5b | 2.4b | 2.3b | 2.2b | 2.2b | 2.2b | 2.2b | |
| Expenses | |||||||||||
| Cost of leasing | $1.3b | $1.5b | $4.1b | $4.0b | $3.5b | $4.2b | $5.5b | $6.0b | $7.1b | $7.7b | |
| Costs and Expenses | $190.9b | $221.2b | $219.2b | $225.7b | $231.3b | $243.9b | $266.6b | $321.1b | $315.7b | $318.5b | |
| Current Income Tax Expense (Benefit) | $6.6b | $3.3b | $5.2b | $5.8b | $5.1b | $5.3b | $4.8b | $7.6b | $30.5b | $13.3b | |
| Freight rail transportation expenses | $13.1b | $14.0b | $16.0b | $15.4b | $13.1b | $14.5b | $17.3b | $16.5b | $16.0b | $15.4b | |
| Income tax expense | $9.2b | ($21.5b) | ($321.0m) | $20.9b | $12.4b | $20.9b | ($8.5b) | $23.0b | $20.8b | $15.2b | |
| Insurance losses and loss adjustment expenses | $30.9b | $86.0b | $78.4b | $87.0b | $87.0b | $98.9b | $114.4b | $112.9b | $111.4b | $113.7b | |
| Insurance underwriting expenses | $7.7b | $9.3b | $9.8b | $11.2b | $12.8b | $12.6b | $11.9b | $15.3b | $16.8b | $17.8b | |
| Interest Expense | $3.5b | $5.4b | $3.9b | $4.0b | $4.1b | $4.2b | $4.4b | $5.0b | $5.2b | $5.1b | |
| Nonoperating Income (Expense) | — | — | ($22.5b) | $72.6b | $40.7b | — | — | — | — | — | |
| Other expenses | $2.6b | $3.2b | $3.9b | $4.0b | $4.8b | $5.6b | $5.0b | $4.0b | $4.3b | $4.2b | |
| Selling, general and administrative expenses | $18.2b | $18.2b | $18.2b | $19.3b | $19.8b | $18.8b | $19.5b | $22.6b | $25.6b | $29.7b | |
| Income Tax Expense (Benefit) | $9.2b | ($21.5b) | ($321.0m) | $20.9b | $12.4b | $20.9b | ($8.5b) | $23.0b | $20.8b | $15.2b | |
| Total costs and expenses | $190.9b | $221.2b | $219.2b | $225.7b | $231.3b | $243.9b | $266.6b | $321.1b | $315.7b | $318.5b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.