Reg. S-K
Item 601
Exhibit 12
BERKSHIRE HATHAWAY INC.
Calculation of Ratio of Consolidated Earnings to Consolidated Fixed Charges
(Dollars in millions)
| Year Ended December 31, | ||||||||||||||||||||
| 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||
| Net earnings attributable to Berkshire Hathaway shareholders |
$ | 19,872 | $ | 19,476 | $ | 14,824 | $ | 10,254 | $ | 12,967 | ||||||||||
| Income tax expense |
7,935 | 8,951 | 6,924 | 4,568 | 5,607 | |||||||||||||||
| Earnings attributable to noncontrolling interests |
298 | 369 | 488 | 492 | 527 | |||||||||||||||
| (Earnings) loss from equity method investments |
33 | 255 | — | — | (50 | ) | ||||||||||||||
| Dividends from equity method investments |
— | — | — | — | 20 | |||||||||||||||
| Fixed charges |
3,882 | 3,386 | 3,304 | 3,219 | 3,084 | |||||||||||||||
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| Earnings available for fixed charges |
$ | 32,020 | $ | 32,437 | $ | 25,540 | $ | 18,533 | $ | 22,155 | ||||||||||
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| Fixed charges |
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| Interest expense, including amortization |
$ | 3,253 | $ | 2,801 | $ | 2,744 | $ | 2,664 | $ | 2,558 | ||||||||||
| Rentals representing interest and capitalized interest |
629 | 585 | 560 | 555 | 526 | |||||||||||||||
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| $ | 3,882 | $ | 3,386 | $ | 3,304 | $ | 3,219 | $ | 3,084 | |||||||||||
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| Ratio of earnings to fixed charges |
8.25x | 9.58x | 7.73x | 5.76x | 7.18x | |||||||||||||||
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