$BRK-B
BERKSHIRE HATHAWAY INC
CIK:0001067983|SEC Filings
Consolidated Statements of Earnings - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Revenues: | ||||||
| Leasing revenues | $ 2,887 | $ 2,509 | $ 5,558 | $ 4,940 | ||
| Total revenues | 101,808 | 92,515 | 195,483 | 182,240 | ||
| Investment gains (losses) | 16,077 | 6,364 | 14,472 | (71) | ||
| Costs and expenses: | ||||||
| Interest expense | 1,335 | 1,253 | 2,636 | 2,510 | ||
| Total costs and expenses | 86,070 | 79,384 | 165,997 | 157,652 | ||
| Earnings before income taxes and equity method earnings | 31,815 | 19,495 | 43,958 | 24,517 | ||
| Equity method earnings (losses) | 248 | (4,745) | 424 | (4,619) | ||
| Earnings before income taxes | 32,063 | 14,750 | 44,382 | 19,898 | ||
| Income tax expense | 6,291 | 2,293 | 8,431 | 2,769 | ||
| Net earnings | 25,772 | 12,457 | 35,951 | 17,129 | ||
| Earnings attributable to noncontrolling interests | 105 | 87 | 178 | 156 | ||
| Net earnings attributable to Berkshire shareholders | $ 25,667 | $ 12,370 | $ 35,773 | $ 16,973 | ||
| Equivalent Class A [Member] | ||||||
| Earnings per share: | ||||||
| Net earnings per average equivalent | $ 17,868 | $ 8,601 | $ 24,889 | $ 11,801 | ||
| Average equivalent shares outstanding | 1,436,443 | 1,438,223 | 1,437,279 | 1,438,223 | ||
| Equivalent Class B [Member] | ||||||
| Earnings per share: | ||||||
| Net earnings per average equivalent | [1] | $ 11.91 | $ 5.73 | $ 16.59 | $ 7.87 | |
| Average equivalent shares outstanding | 2,154,664,073 | 2,157,335,139 | 2,155,918,015 | 2,157,335,139 | ||
| Insurance and Other [Member] | ||||||
| Revenues: | ||||||
| Insurance premiums earned | $ 22,475 | $ 22,195 | $ 44,480 | $ 43,999 | ||
| Sales and service revenues | 57,282 | 49,658 | 108,228 | 97,473 | ||
| Leasing revenues | 2,887 | 2,509 | 5,558 | 4,940 | ||
| Interest, dividend and other investment income | 5,857 | 6,002 | 11,287 | 11,634 | ||
| Total revenues | 88,501 | 80,364 | 169,553 | 158,046 | ||
| Costs and expenses: | ||||||
| Insurance losses and loss adjustment expenses | 14,274 | 14,073 | 28,478 | 28,719 | ||
| Life, annuity and health insurance benefits | 1,233 | 1,132 | 2,252 | 2,200 | ||
| Insurance underwriting expenses | 4,788 | 4,456 | 9,305 | 8,824 | ||
| Cost of sales and services | 45,947 | 39,616 | 87,154 | 78,167 | ||
| Cost of leasing | 2,141 | 1,887 | 4,168 | 3,774 | ||
| Selling, general and administrative expenses | 6,724 | 7,931 | 13,280 | 15,612 | ||
| Interest expense | 315 | 318 | 639 | 658 | ||
| Total costs and expenses | 75,422 | 69,413 | 145,276 | 137,954 | ||
| Railroad, Utilities and Energy [Member] | ||||||
| Revenues: | ||||||
| Railroad transportation revenues | 6,553 | 5,718 | 12,493 | 11,389 | ||
| Utility and energy operating revenues | 5,408 | 5,118 | 11,215 | 10,612 | ||
| Service revenues and other income | 1,346 | 1,315 | 2,222 | 2,193 | ||
| Total revenues | 13,307 | 12,151 | 25,930 | 24,194 | ||
| Costs and expenses: | ||||||
| Freight rail transportation expenses | 4,308 | 3,729 | 8,231 | 7,602 | ||
| Utilities and energy cost of sales and other expenses | 4,134 | 4,156 | 8,451 | 8,247 | ||
| Other expenses | 1,186 | 1,151 | 2,042 | 1,997 | ||
| Interest expense | 1,020 | 935 | 1,997 | 1,852 | ||
| Total costs and expenses | $ 10,648 | $ 9,971 | $ 20,721 | $ 19,698 | ||
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Consolidated Balance Sheets - USD ($) $ in Millions |
Jun. 30, 2026 |
Dec. 31, 2025 |
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|---|---|---|---|---|---|---|---|---|
| Assets: | ||||||||
| Investments in fixed maturity securities | $ 17,034 | $ 17,816 | ||||||
| Investments in equity securities | 323,779 | 297,778 | ||||||
| Equity method investments | 19,948 | 19,978 | ||||||
| Loans and finance receivables | 30,724 | 29,836 | ||||||
| Inventories | 26,575 | 24,424 | ||||||
| Equipment held for lease | 18,912 | 18,535 | ||||||
| Goodwill | [1] | 83,173 | 83,074 | |||||
| Total assets | 1,263,071 | 1,222,176 | ||||||
| Liabilities: | ||||||||
| Life, annuity and health insurance benefits | 17,738 | |||||||
| Payable for purchases of U.S. Treasury Bills | 771 | 167 | ||||||
| Income taxes, principally deferred | 90,176 | 86,955 | ||||||
| Total liabilities | 512,894 | 502,473 | ||||||
| Shareholders’ equity: | ||||||||
| Common stock at par value | 8 | 8 | ||||||
| Capital in excess of par value | 35,615 | 35,612 | ||||||
| Accumulated other comprehensive income | (2,971) | (2,448) | ||||||
| Retained earnings | 798,959 | 763,186 | ||||||
| Treasury stock, at cost | (83,701) | (78,939) | ||||||
| Berkshire shareholders' equity | 747,910 | 717,419 | ||||||
| Noncontrolling interests | 2,267 | 2,284 | ||||||
| Total shareholders’ equity | 750,177 | 719,703 | ||||||
| Total liabilities and shareholders' equity | 1,263,071 | 1,222,176 | ||||||
| Insurance and Other [Member] | ||||||||
| Assets: | ||||||||
| Cash and cash equivalents | [2] | 35,096 | 47,719 | |||||
| Short-term investments in U.S. Treasury Bills | [3] | 324,905 | 321,434 | |||||
| Investments in fixed maturity securities | 17,034 | 17,816 | ||||||
| Investments in equity securities | 323,779 | 297,778 | ||||||
| Equity method investments | 19,948 | 19,978 | ||||||
| Loans and finance receivables | 30,724 | 29,836 | ||||||
| Other receivables | 48,635 | 44,331 | ||||||
| Inventories | 26,575 | 24,424 | ||||||
| Property, plant and equipment | 39,409 | 31,885 | ||||||
| Equipment held for lease | 18,912 | 18,535 | ||||||
| Goodwill | 56,192 | 55,945 | ||||||
| Other intangible assets | 33,949 | 33,802 | ||||||
| Deferred charges - retroactive reinsurance | 7,675 | 8,104 | ||||||
| Other | 27,813 | 24,413 | ||||||
| Total assets | 1,010,646 | 976,000 | ||||||
| Liabilities: | ||||||||
| Unpaid losses and loss adjustment expenses | 122,875 | 120,713 | ||||||
| Unpaid losses and loss adjustment expenses - retroactive reinsurance | 29,978 | 31,048 | ||||||
| Unearned insurance premiums | 32,754 | 31,339 | ||||||
| Life, annuity and health insurance benefits | 17,738 | 17,890 | ||||||
| Other insurance policyholder liabilities | 9,942 | 10,312 | ||||||
| Accounts payable, accruals and other liabilities | 41,422 | 38,019 | ||||||
| Payable for purchases of U.S. Treasury Bills | 771 | 167 | ||||||
| Aircraft repurchase liabilities and unearned lease revenues | 11,217 | 10,686 | ||||||
| Notes payable and other borrowings | 43,302 | 45,763 | ||||||
| Liabilities, excluding income taxes, principally deferred, Total | 309,999 | 305,937 | ||||||
| Railroad, Utilities and Energy [Member] | ||||||||
| Assets: | ||||||||
| Cash and cash equivalents | [2] | 5,513 | 4,158 | |||||
| Receivables | 4,562 | 4,387 | ||||||
| Property, plant and equipment | 185,815 | 184,740 | ||||||
| Goodwill | 26,981 | 27,129 | ||||||
| Regulatory assets | 4,385 | 4,821 | ||||||
| Other | 25,169 | 20,941 | ||||||
| Total assets | 252,425 | 246,176 | ||||||
| Liabilities: | ||||||||
| Accounts payable, accruals and other liabilities | 20,424 | 19,250 | ||||||
| Regulatory liabilities | 6,998 | 7,013 | ||||||
| Notes payable and other borrowings | 85,297 | 83,318 | ||||||
| Liabilities, excluding income taxes, principally deferred, Total | $ 112,719 | $ 109,581 | ||||||
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