beatandraise : Equity Research with AI and ChatGPT on SEC Edgar

1.0.0.3 false Common stock false 1 $ false false Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 2 Common stock [Abstract] 0 us-gaap_ClassOfStockDisclosuresAbstract us-gaap true na duration string No definition available. false false false false false true false false false 1 false false 0 0 false false No definition available. false 3 Common stock 1 us-gaap_ScheduleOfStockByClassTextBlock us-gaap true na duration string No definition available. false false false false false false false false false 1 false false 0 0 <table cellpadding="0" style="BORDER-COLLAPSE: collapse" cellspacing="0" border="0" width="100%"> <tr> <td valign="top" align="left" width="4%">(19) </td> <td valign="top" align="left">Common stock </td></tr></table> On January 20, 2010, our shareholders approved proposals to increase the authorized number of Class B common shares from 55,000,000 to 3,225,000,000 and to effect a 50-for-1 split of the Class B common stock which became effective on January 21, 2010. The Class A common stock was not split. Thereafter, each share of Class A common stock became convertible, at the option of the holder, into 1,500 shares of Class B common stock. Class B common stock is not convertible into Class A common stock. The Class B share data in the following table and the related disclosures regarding Class B shares are presented on a post-split basis for all periods. Changes in issued and outstanding Berkshire common stock during the three years ended December 31, 2009 are shown in the table below.   <table cellpadding="0" cellspacing="0" align="center" border="0" width="100%"> <tr> <td width="56%"/> <td valign="bottom" width="14%"/> <td/> <td/> <td valign="bottom" width="14%"/> <td/></tr> <tr> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center">Class A, $5 Par Value</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center">Class B, $0.0033 Par Value</td></tr> <tr> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center">(1,650,000 shares authorized) Shares Issued and Outstanding</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center">(3,225,000,000 shares authorized) Shares Issued and Outstanding</td></tr> <tr bgcolor="#cceeff"> <td valign="top"> Balance December 31, 2006</td> <td valign="bottom">  </td> <td valign="bottom" align="right">1,117,568</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">637,621,550</td></tr> <tr> <td valign="top"> Conversions of Class A common stock to Class B common stock and other</td> <td valign="bottom">  </td> <td valign="bottom" align="right">(36,544</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom"> </td> <td valign="bottom" align="right">62,382,450</td></tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"/> <td valign="bottom">  </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom"> </td></tr> <tr bgcolor="#cceeff"> <td valign="top"> Balance December 31, 2007</td> <td valign="bottom">  </td> <td valign="bottom" align="right">1,081,024</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">700,004,000</td></tr> <tr> <td valign="top"> Conversions of Class A common stock to Class B common stock and other</td> <td valign="bottom">  </td> <td valign="bottom" align="right">(22,023</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom"> </td> <td valign="bottom" align="right">35,345,800</td></tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"/> <td valign="bottom">  </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom"> </td></tr> <tr bgcolor="#cceeff"> <td valign="top"> Balance December 31, 2008</td> <td valign="bottom">  </td> <td valign="bottom" align="right">1,059,001</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">735,349,800</td></tr> <tr> <td valign="top"> Conversions of Class A common stock to Class B common stock and other</td> <td valign="bottom">  </td> <td valign="bottom" align="right">(3,720</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom"> </td> <td valign="bottom" align="right">9,351,500</td></tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"/> <td valign="bottom">  </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom"> </td></tr> <tr bgcolor="#cceeff"> <td valign="top"> Balance December 31, 2009</td> <td valign="bottom">  </td> <td valign="bottom" align="right">1,055,281</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">744,701,300</td></tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"/> <td valign="bottom">  </td> <td style="BORDER-TOP: #000000 3px double" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td style="BORDER-TOP: #000000 3px double" valign="bottom"> </td></tr></table> Class B common stock possesses dividend and distribution rights equal to one-fifteen-hundredth (1/1,500) of such rights of Class A common stock. Each Class A common share is entitled to one vote per share. Each Class B common share possesses voting rights equivalent to one-ten-thousandth (1/10,000) of the voting rights of a Class A share. Unless otherwise required under Delaware General Corporation Law, Class A and Class B common shares vote as a single class. On an equivalent Class A common stock basis, there were 1,551,749 shares outstanding as of December 31, 2009 and 1,549,234 shares outstanding as of December 31, 2008. The Class B stock split had no effect on the number of equivalent Class A common shares outstanding. In addition to our common stock, we have 1,000,000 shares of preferred stock authorized, none of which are issued and outstanding. (19)  Common stock On January 20, 2010, our shareholders approved proposals to increase the authorized number of Class B common shares from false false No definition available. No authoritative reference available. false false 1 2 false UnKnown UnKnown UnKnown false true