2010 Q4 Form 10-K Financial Statement

#000119312512079022 Filed on February 27, 2012

View on sec.gov

Income Statement

Concept 2010 Q4 2010 Q3 2010 Q2
Revenue $36.17B $36.27B $31.71B
YoY Change 19.76% 21.3% 7.1%
Cost Of Revenue $26.30B $28.44B $25.40B
YoY Change 17.4% 30.72% 18.3%
Gross Profit $9.865B $7.835B $6.309B
YoY Change 26.54% -3.85% -22.47%
Gross Profit Margin 27.28% 21.6% 19.9%
Selling, General & Admin $2.054B $1.896B $1.915B
YoY Change -0.58% -5.91% -7.62%
% of Gross Profit 20.82% 24.2% 30.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.170B $1.094B $1.100B
YoY Change 44.09% 40.44% 41.39%
% of Gross Profit 11.86% 13.96% 17.44%
Operating Expenses $2.724B $2.633B $2.734B
YoY Change -3.78% -6.5% -3.6%
Operating Profit $7.141B $4.359B $4.874B
YoY Change 43.83% -18.26% -8.06%
Interest Expense -$660.0M -$668.0M -$637.0M
YoY Change 32.0% 35.22% 24.9%
% of Operating Profit -9.24% -15.32% -13.07%
Other Income/Expense, Net
YoY Change
Pretax Income $6.481B $4.534B $2.938B
YoY Change 45.15% -6.3% -38.68%
Income Tax $2.008B $1.415B $848.0M
% Of Pretax Income 30.98% 31.21% 28.86%
Net Earnings $4.377B $2.989B $1.968B
YoY Change 43.23% -7.69% -40.27%
Net Earnings / Revenue 12.1% 8.24% 6.21%
Basic Earnings Per Share $2.656K $1.814K $1.195K
Diluted Earnings Per Share $2.189B $1.495B $984.0M
COMMON SHARES
Basic Shares Outstanding 956.2K shares 1648B shares 1647B shares
Diluted Shares Outstanding

Balance Sheet

Concept 2010 Q4 2010 Q3 2010 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $38.23B $34.46B $27.95B
YoY Change 25.1% 28.02% 14.04%
Cash & Equivalents $38.23B $34.46B $27.95B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $7.101B $6.924B $6.563B
Prepaid Expenses
Receivables $11.84B
Other Receivables $9.077B
Total Short-Term Assets $66.25B $59.46B $51.92B
YoY Change 28.64% 21.31% 11.24%
LONG-TERM ASSETS
Property, Plant & Equipment $93.13B $92.02B $91.15B
YoY Change 99.6% 95.8% 93.92%
Goodwill $49.01B $49.20B $49.11B
YoY Change 44.25%
Intangibles
YoY Change
Long-Term Investments $117.7B $117.1B $111.5B
YoY Change -6.8% -5.86% -0.7%
Other Assets
YoY Change
Total Long-Term Assets $306.0B $304.5B $297.3B
YoY Change 24.58% 25.32% 29.83%
TOTAL ASSETS
Total Short-Term Assets $66.25B $59.46B $51.92B
Total Long-Term Assets $306.0B $304.5B $297.3B
Total Assets $372.2B $364.0B $349.2B
YoY Change 25.28% 24.65% 26.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $29.36B $29.37B $28.36B
YoY Change 31.3% 23.99% 23.01%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $1.682B $0.00 $0.00
YoY Change 4.67%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $39.04B $38.43B $37.24B
YoY Change 22.41% 18.47% 16.77%
LONG-TERM LIABILITIES
Long-Term Debt $56.89B $58.66B $57.97B
YoY Change 56.72% 54.29% 49.47%
Other Long-Term Liabilities $77.01B $79.69B $76.39B
YoY Change 4.19% 7.73% 1.76%
Total Long-Term Liabilities $133.9B $138.3B $134.4B
YoY Change 21.49% 23.54% 18.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $39.04B $38.43B $37.24B
Total Long-Term Liabilities $133.9B $138.3B $134.4B
Total Liabilities $209.3B $209.4B $201.7B
YoY Change 29.73% 29.79% 25.17%
SHAREHOLDERS EQUITY
Retained Earnings $99.19B $94.82B $91.83B
YoY Change 15.04% 14.0%
Common Stock $37.54B $38.13B $38.09B
YoY Change 38.62%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $157.3B $149.7B $142.8B
YoY Change
Total Liabilities & Shareholders Equity $372.2B $364.0B $349.2B
YoY Change 25.28% 24.65% 26.68%

Cashflow Statement

Concept 2010 Q4 2010 Q3 2010 Q2
OPERATING ACTIVITIES
Net Income $4.377B $2.989B $1.968B
YoY Change 43.23% -7.69% -40.27%
Depreciation, Depletion And Amortization $1.170B $1.094B $1.100B
YoY Change 44.09% 40.44% 41.39%
Cash From Operating Activities $4.064B $6.971B $3.547B
YoY Change 6.39% 53.92% 24.24%
INVESTING ACTIVITIES
Capital Expenditures -$1.689B -$1.575B -$1.546B
YoY Change 48.94% 34.62% 22.7%
Acquisitions
YoY Change
Other Investing Activities $1.562B $325.0M $17.00M
YoY Change 41.74% -202.2% -100.58%
Cash From Investing Activities -$127.0M -$1.250B -$1.529B
YoY Change 296.88% -15.99% -63.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -116.0M 660.0M 387.0M
YoY Change -24.68% -195.79% 156.29%
NET CHANGE
Cash From Operating Activities 4.064B 6.971B 3.547B
Cash From Investing Activities -127.0M -1.250B -1.529B
Cash From Financing Activities -116.0M 660.0M 387.0M
Net Change In Cash 3.821B 6.381B 2.405B
YoY Change 5.15% 171.3% -299.09%
FREE CASH FLOW
Cash From Operating Activities $4.064B $6.971B $3.547B
Capital Expenditures -$1.689B -$1.575B -$1.546B
Free Cash Flow $5.753B $8.546B $5.093B
YoY Change 16.13% 49.96% 23.77%

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<div> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="4%"><font size="1">&#xA0;</font></td> <td valign="top" width="4%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"><i>(b)</i></font></td> <td valign="top" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"><i>Use of estimates in preparation of financial statements</i></font></td> </tr> </table> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px; MARGIN-LEFT: 8%"> <font style="FONT-FAMILY: Times New Roman" size="2">The preparation of our Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States (&#x201C;GAAP&#x201D;) requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. In particular, estimates of unpaid losses and loss adjustment expenses and related recoverables under reinsurance for property and casualty insurance are subject to considerable estimation error due to the inherent uncertainty in projecting ultimate claim amounts that will be settled over many years. In addition, estimates and assumptions associated with the amortization of deferred charges reinsurance assumed, determinations of fair values of certain financial instruments and evaluations of goodwill for impairment require considerable judgment. Actual results may differ from the estimates used in preparing our Consolidated Financial Statements.</font></p> </div>
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CY2011 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
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CY2011 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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CY2011 us-gaap Profit Loss
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CY2011 us-gaap Payments To Acquire Available For Sale Securities Debt
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CY2011 brka Increase Decrease In Derivative Contract Assets And Liabilities
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CY2011 brka Payments To Minority Shareholders And Proceeds From Payments For Other Financing Activities
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CY2011 brka Reclassification Of Investment Appreciation In Net Earnings Before Tax Portion Attributable To Parent
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CY2011 brka Reclassification Of Investment Appreciation In Net Earnings Tax Portion Attributable To Parent
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CY2011 brka Redemptions Of Other Investments
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CY2011 brka Ceded Premiums Written Life And Health
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CY2011 brka Annuities Interest Rate High End
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0.07 pure
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