Summary
Berkshire Hathaway Inc. reported strong financial results for the nine months ended September 30, 2013, with net earnings attributable to shareholders increasing to $14.486 billion, up from $10.273 billion in the prior year period. This substantial growth was driven by a significant increase in investment and derivative gains, which totaled $4.805 billion for the nine months, compared to $752 million in the same period of 2012. The company's diversified business segments, including insurance, railroad, utilities, manufacturing, service, and retailing, all contributed positively to overall performance. Notably, the insurance group demonstrated robust underwriting gains and strong investment income. The company's balance sheet remains exceptionally strong, with shareholders' equity growing to $208.382 billion. Berkshire maintained substantial liquidity, with cash and cash equivalents totaling $42.079 billion at the end of the period. The company also continued its strategic investments, notably the acquisition of a controlling interest in H.J. Heinz Holding Corporation, and made significant capital expenditures across its railroad, utilities, and energy businesses. Despite potential market volatility and operational challenges in certain segments, Berkshire Hathaway demonstrated resilience and continued growth, reinforcing its position as a financially sound and diversified conglomerate.
Financial Highlights
29 data points| Revenue | $46.54B |
| Operating Expenses | $39.16B |
| Net Income | $5.05B |
| EPS (Basic) | $3074.00 |
| Shares Outstanding (Basic) | 1.64M |
Key Highlights
- 1Net earnings attributable to Berkshire Hathaway shareholders significantly increased to $14.486 billion for the first nine months of 2013, up from $10.273 billion in the same period of 2012.
- 2Investment and derivative gains totaled $4.805 billion for the first nine months of 2013, a substantial increase from $752 million in the prior year, largely due to gains from warrants and other investments.
- 3Shareholders' equity grew to $208.382 billion as of September 30, 2013, reflecting strong retained earnings and positive other comprehensive income.
- 4Consolidated cash and cash equivalents stood at $42.079 billion, indicating strong liquidity and financial flexibility.
- 5The acquisition of a controlling interest in H.J. Heinz Holding Corporation for $12.25 billion was a major strategic investment during the period.
- 6Capital expenditures for railroad, utilities, and energy businesses were substantial, totaling $5.7 billion for the first nine months of 2013, supporting long-term operational growth.
- 7Underwriting results from the insurance group showed a net gain of $1.601 billion for the first nine months of 2013, demonstrating the resilience of this core business segment.