Berkshire Hathaway 2010 Annual Report Download - page 29

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BERKSHIRE HATHAWAY INC.
and Subsidiaries
Selected Financial Data for the Past Five Years
(dollars in millions except per-share data)
2010 2009 2008 2007 2006
Revenues:
Insurance premiums earned (1) ........................... $ 30,749 $ 27,884 $ 25,525 $ 31,783 $ 23,964
Sales and service revenues .............................. 67,225 62,555 65,854 58,243 51,803
Revenues of railroad, utilities and energy businesses (2) ....... 26,364 11,443 13,971 12,628 10,644
Interest, dividend and other investment income ............. 5,215 5,531 5,140 5,161 4,568
Interest and other revenues of finance and financial products
businesses ......................................... 4,286 4,293 4,757 4,921 4,925
Investment and derivative gains/losses (3) .................. 2,346 787 (7,461) 5,509 2,635
Total revenues ....................................... $136,185 $112,493 $107,786 $118,245 $ 98,539
Earnings:
Net earnings attributable to Berkshire Hathaway (3) .......... $ 12,967 $ 8,055 $ 4,994 $ 13,213 $ 11,015
Net earnings per share attributable to Berkshire Hathaway
shareholders (4) ..................................... $ 7,928 $ 5,193 $ 3,224 $ 8,548 $ 7,144
Year-end data:
Total assets .......................................... $372,229 $297,119 $267,399 $273,160 $248,437
Notes payable and other borrowings:
Insurance and other businesses ...................... 12,471 4,561 5,149 3,447 4,431
Railroad, utilities and energy businesses (2) ............. 31,626 19,579 19,145 19,002 16,946
Finance and financial products businesses .............. 14,477 13,769 12,588 11,377 11,228
Berkshire Hathaway shareholders’ equity .................. 157,318 131,102 109,267 120,733 108,419
Class A equivalent common shares outstanding, in thousands . . 1,648 1,552 1,549 1,548 1,543
Berkshire Hathaway shareholders’ equity per outstanding
Class A equivalent common share ...................... $ 95,453 $ 84,487 $ 70,530 $ 78,008 $ 70,281
(1) Insurance premiums earned in 2007 included $7.1 billion from a single reinsurance transaction with Equitas.
(2) On February 12, 2010, BNSF became a wholly-owned subsidiary of Berkshire and BNSF’s accounts are included in
Berkshire’s Consolidated Financial Statements beginning as of February 13, 2010. From December 31, 2008 to
February 12, 2010, Berkshire’s investment in BNSF common stock was accounted for pursuant to the equity method.
(3) 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 factors. After-tax
investment and derivative gains/losses were $1.87 billion in 2010, $486 million in 2009, $(4.65) billion in 2008,
$3.58 billion in 2007 and $1.71 billion in 2006.
(4) 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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