BERKSHIRE HATHAWAY INC - 10-K filing on 2019-02-25

Business segment data (Tables)

12 Months Ended

Dec. 31, 2018

A disaggregation of our consolidated data for each of the three most recent years is presented in the tables which follow (in millions).


	Revenues								Earnings before income taxes
	2018		2017			2016			2018			2017			2016
Operating Businesses:
Insurance:
Underwriting:
GEICO	$	33,363	$	29,441		$	25,483		$	2,449		$	(310	)	$	462
Berkshire Hathaway Reinsurance Group		15,944		24,013			14,141			(1,109	)		(3,648	)		1,012
Berkshire Hathaway Primary Group		8,111		7,143			6,257			670			719			657

Insurance underwriting		57,418		60,597			45,881			2,010			(3,239	)		2,131
Investment income		5,518		4,865			4,522			5,503			4,855			4,482

Total insurance		62,936		65,462			50,403			7,513			1,616			6,613

BNSF		23,855		21,387			19,829			6,863			6,328			5,693
Berkshire Hathaway Energy		19,987		18,854			17,764			2,472			2,499			2,878
Manufacturing		61,883		57,645			52,969			9,366			8,324			7,735
McLane Company		49,987		49,775			48,075			246			299			431
Service and retailing		28,939		27,219			26,392			2,696			2,304			2,058

		247,587		240,342			215,432			29,156			21,370			25,408
Reconciliation to consolidated amount:
Investment and derivative gains/losses		—		—			—			(22,455	)		2,128			8,304
Interest expense, not allocated to segments		—		—			—			(458	)		(486	)		(474	)
Equity method investments		—		—			—			(2,167	)		3,014			1,109
Corporate, eliminations and other		250		(409	)		(318	)		(75	)		(2,188	)		(680	)

	$	247,837	$	239,933		$	215,114		$	4,001		$	23,838		$	33,667


	Interest expense								Income tax expense
	2018		2017			2016			2018			2017			2016
Operating Businesses:
Insurance	$	—	$	—		$	—		$	1,374		$	(71	)	$	1,585
BNSF		1,041		1,016			992			1,644			2,369			2,124
Berkshire Hathaway Energy		1,777		2,254			1,715			(452	)		148			371
Manufacturing		690		679			631			2,188			2,678			2,442
McLane Company		15		19			—			59			94			169
Service and retailing		91		67			71			634			812			761

		3,614		4,035			3,409			5,447			6,030			7,452
Reconciliation to consolidated amount:
Investment and derivative gains/losses		—		—			—			(4,673	)		742			1,807
Interest expense, not allocated to segments		458		486			474			(96	)		(170	)		(166)
Equity method investments		—		—			—			(753	)		910			396
Income tax net benefit – Tax Cuts and Jobs Act of 2017		—		—			—			—			(28,200	)		—
Corporate, eliminations and other		(219)		(135	)		(142	)		(246	)		(827	)		(249)

	$	3,853	$	4,386		$	3,741		$	(321	)	$	(21,515	)	$	9,240


	Capital expenditures						Depreciation of tangible assets
	2018		2017		2016		2018		2017		2016
Operating Businesses:
Insurance	$	130	$	170	$	128	$	79	$	84	$	85
BNSF		3,187		3,256		3,819		2,268		2,304		2,079
Berkshire Hathaway Energy		6,241		4,571		5,090		2,830		2,548		2,560
Manufacturing		3,116		2,490		2,581		1,890		1,839		1,757
McLane Company		276		289		258		204		193		165
Service and retailing		1,587		932		1,078		1,115		751		765

	$	14,537	$	11,708	$	12,954	$	8,386	$	7,719	$	7,411


	Goodwill at year-end						Identifiable assets at year-end
	2018		2017		2016		2018		2017		2016
Operating Businesses:
Insurance	$	15,289	$	15,499	$	15,474	$	289,746	$	294,418	$	234,037
BNSF		14,851		14,845		14,845		70,242		69,438		69,277
Berkshire Hathaway Energy		9,851		9,935		9,266		80,543		77,710		74,571
Manufacturing		34,019		33,967		32,915		99,912		97,753		93,835
McLane Company		734		734		734		6,243		6,090		5,896
Service and retailing		6,281		6,278		6,252		24,724		20,014		19,208

	$	81,025	$	81,258	$	79,486		571,410		565,423		496,824

Reconciliation to consolidated amount:
Corporate and other								55,359		55,414		44,544
Goodwill								81,025		81,258		79,486

							$	707,794	$	702,095	$	620,854

Premiums written and earned by the property/casualty and life/health insurance businesses are summarized below (in millions).

Insurance premiums written by geographic region (based upon the domicile of the insured or reinsured) are summarized below. Dollars are in millions.