beatandraise : Equity Research with AI and ChatGPT on SEC Edgar

1.0.0.3 false Quarterly Data 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 Quarterly Data [Abstract] 0 brka_QuarterlyDataAbstract brka false 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 Quarterly Data 1 us-gaap_QuarterlyFinancialInformationTextBlock 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%">(23) </td> <td valign="top" align="left">Quarterly data </td></tr></table> A summary of revenues and earnings by quarter for each of the last two years is presented in the following table. This information is unaudited. Dollars are in millions, except per share amounts.   <table cellpadding="0" cellspacing="0" align="center" border="0" width="100%"> <tr> <td width="72%"/> <td valign="bottom" width="2%"/> <td/> <td/> <td/> <td valign="bottom" width="2%"/> <td/> <td/> <td valign="bottom" width="2%"/> <td/> <td/> <td valign="bottom" width="2%"/> <td/> <td/></tr> <tr> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="2">1st Quarter</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="2">2nd Quarter</td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="2">3rd Quarter</td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="2">4th Quarter</td></tr> <tr bgcolor="#cceeff"> <td valign="top"> 2009</td> <td valign="bottom">  </td> <td valign="bottom"/> <td valign="bottom"/> <td valign="bottom"/> <td valign="bottom"> </td> <td valign="bottom"/> <td valign="bottom"/> <td valign="bottom">  </td> <td valign="bottom"/> <td valign="bottom"/> <td valign="bottom">  </td> <td valign="bottom"/> <td valign="bottom"/></tr> <tr> <td valign="top"> Revenues</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">22,784</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">29,607</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">29,904</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">30,198</td></tr> <tr bgcolor="#cceeff"> <td valign="top"> Net earnings attributable to Berkshire *</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(1,534</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">3,295</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">3,238</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">3,056</td></tr> <tr> <td valign="top"> Net earnings attributable to Berkshire per equivalent Class A common share</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(990</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">2,123</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">2,087</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,969</td></tr> <tr bgcolor="#cceeff"> <td valign="top"> 2008</td> <td valign="bottom">  </td> <td valign="bottom"/> <td valign="bottom"/> <td valign="bottom"/> <td valign="bottom"> </td> <td valign="bottom"/> <td valign="bottom"/> <td valign="bottom">  </td> <td valign="bottom"/> <td valign="bottom"/> <td valign="bottom">  </td> <td valign="bottom"/> <td valign="bottom"/></tr> <tr> <td valign="top"> Revenues</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">25,175</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">30,093</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">27,926</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">24,592</td></tr> <tr bgcolor="#cceeff"> <td valign="top"> Net earnings attributable to Berkshire *</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">940</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">2,880</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,057</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">117</td></tr> <tr> <td valign="top"> Net earnings attributable to Berkshire per equivalent Class A common share</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">607</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,859</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">682</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">76</td></tr></table>   <table cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE: collapse" border="0" width="100%"> <tr> <td valign="top" align="left" width="2%">*</td> <td valign="top" align="left">Includes investment and derivative gains/losses, which, for any given period have no predictive value and variations in amount from period to period have no practical analytical value. 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 for the periods presented above are as follows (in millions): </td></tr></table>   <table cellpadding="0" cellspacing="0" align="center" border="0" width="100%"> <tr> <td width="72%"/> <td valign="bottom" width="3%"/> <td/> <td/> <td/> <td valign="bottom" width="3%"/> <td/> <td/> <td valign="bottom" width="3%"/> <td/> <td/> <td/> <td valign="bottom" width="3%"/> <td/> <td/> <td/></tr> <tr> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="2">1st Quarter</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="2">2nd Quarter</td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="2">3rd Quarter</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="2">4th Quarter</td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"> <td valign="top"> Investment and derivative gains/losses – 2009</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(3,239</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,515</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,183</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,027</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td valign="top"> Investment and derivative gains/losses – 2008</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(991</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">610</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(1,012</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(3,252</td> <td valign="bottom" nowrap="nowrap">)</td></tr></table> (23)  Quarterly data A summary of revenues and earnings by quarter for each of the last two years is presented in the following table. 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