Berkshire Hathaway 2001 Annual Report Download - page 23

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22
BERKSHIRE HATHAWAY INC.
and Subsidiaries
CONSOLIDATED BALANCE SHEETS
(dollars in millions except per share amounts)
December 31,
2001 2000
ASSETS
Cash and cash equivalents................................................................................................... $ 5,313 $ 5,263
Investments:
Securities with fixed maturities ........................................................................................ 36,509 32,567
Equity securities ............................................................................................................... 28,675 37,619
Other................................................................................................................................. 1,974 1,637
Receivables ......................................................................................................................... 11,926 11,764
Inventories........................................................................................................................... 2,213 1,275
Investments in MidAmerican Energy Holdings Company.................................................. 1,826 1,719
Assets of finance and financial products businesses ........................................................... 41,591 16,829
Property, plant and equipment............................................................................................. 4,776 2,699
Goodwill of acquired businesses......................................................................................... 21,407 18,875
Other assets ......................................................................................................................... 6,542 5,545
$162,752 $135,792
LIABILITIES AND SHAREHOLDERS’ EQUITY
Losses and loss adjustment expenses .................................................................................. $ 40,716 $ 33,022
Unearned premiums ............................................................................................................ 4,814 3,885
Accounts payable, accruals and other liabilities.................................................................. 9,626 8,374
Income taxes........................................................................................................................ 7,021 10,125
Borrowings under investment agreements and other debt................................................... 3,485 2,663
Liabilities of finance and financial products businesses ..................................................... 37,791 14,730
103,453 72,799
Minority shareholders’ interests.......................................................................................... 1,349 1,269
Shareholders’ equity:
Common Stock:*
Class A Common Stock, $5 par value
and Class B Common Stock, $0.1667 par value......................................................... 8 8
Capital in excess of par value........................................................................................... 25,607 25,524
Accumulated other comprehensive income...................................................................... 12,891 17,543
Retained earnings ............................................................................................................. 19,444 18,649
Total shareholders’ equity .......................................................................................... 57,950 61,724
$162,752 $135,792
* Class B Common Stock has economic rights equal to one-thirtieth (1/30) of the economic rights of Class A
Common Stock. Accordingly, on an equivalent Class A Common Stock basis, there are 1,528,217 shares
outstanding at December 31, 2001 versus 1,526,230 shares outstanding at December 31, 2000.
See accompanying Notes to Consolidated Financial Statements