BRK-A

BERKSHIRE HATHAWAY INC

v3.25.1
Consolidated Statements of Earnings - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Leasing revenues $ 2,431 $ 2,222
Total revenues 89,725 89,869
Investment gains (losses) (6,435) 1,876
Costs and expenses:    
Interest expense 1,257 1,316
Total costs and expenses 78,268 76,532
Earnings before income taxes and equity method earnings 5,022 15,213
Equity method earnings 126 493
Earnings before income taxes 5,148 15,706
Income tax expense 476 2,874
Net earnings 4,672 12,832
Earnings attributable to noncontrolling interests 69 130
Net earnings attributable to Berkshire shareholders $ 4,603 $ 12,702
Equivalent Class A [Member]    
Earnings per share:    
Net earnings per average equivalent $ 3,200 $ 8,825
Average equivalent shares outstanding 1,438,223 1,439,370
Equivalent Class B [Member]    
Earnings per share:    
Net earnings per average equivalent [1] $ 2.13 $ 5.88
Average equivalent shares outstanding 2,157,335,139 2,159,055,134
Insurance and Other [Member]    
Revenues:    
Insurance premiums earned $ 21,804 $ 21,474
Sales and service revenues 47,815 49,933
Leasing revenues 2,431 2,222
Interest, dividend and other investment income 5,632 4,338
Total revenues 77,682 77,967
Costs and expenses:    
Insurance losses and loss adjustment expenses 14,646 13,448
Life, annuity and health benefits 1,068 945
Insurance underwriting expenses 4,368 3,753
Cost of sales and services 38,551 40,792
Cost of leasing 1,887 1,691
Selling, general and administrative expenses 7,681 5,541
Interest expense 340 406
Total costs and expenses 68,541 66,576
Railroad, Utilities and Energy [Member]    
Revenues:    
Freight rail transportation revenues 5,671 5,637
Utility and energy operating revenues 5,494 5,233
Service revenues and other income 878 1,032
Total revenues 12,043 11,902
Costs and expenses:    
Freight rail transportation expenses 3,873 3,938
Utility and energy cost of sales and other expenses 4,091 4,103
Other expenses 846 1,005
Interest expense 917 910
Total costs and expenses $ 9,727 $ 9,956
[1] Net earnings per average equivalent Class B share outstanding are equal to one-fifteen-hundredth of the equivalent Class A amount. See Note 18.