Berkshire Hathaway (BRK.B) FY2011 results: revenue $143.7 billion, up 5.5% on the year
Berkshire Hathaway Inc. (BRK.B) reported revenue of $143.7 billion for fiscal 2011, the year ended 31 December 2011, up 5.5% on the year before. Net income was $10.3 billion, down 20.9%. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2012.
Revenue
$143.7 billion
+5.5% on the year
FY2007FY2011
Operating margin
12.0%
12.7% a year earlier
FY2007FY2011
Net income
$10.3 billion
-20.9% on the year
FY2007FY2011
Diluted EPS
n/a
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
143,688
136,185
112,493
+5.5%
Operating income
17,184
17,271
11,158
-0.5%
Operating margin
12.0%
12.7%
9.9%
Pre-tax income
15,314
19,051
11,552
-19.6%
Income tax
4,568
5,607
3,538
-18.5%
Effective tax rate
29.8%
29.4%
30.6%
Net income
10,254
12,967
8,055
-20.9%
Net margin
7.1%
9.5%
7.2%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
20,476
17,895
15,846
+14.4%
Capital expenditure
8,191
5,980
4,937
+37.0%
Free cash flow
12,285
11,915
10,909
+3.1%
Free cash flow margin
8.5%
8.7%
9.7%
Cash from investing
n/a
-18,277
-11,161
Cash from financing
n/a
8,125
233
Depreciation and amortisation
5,492
n/a
n/a
Buybacks
67.0
n/a
n/a
Diluted shares, weighted
1,649,891m
1,635,661m
2m
+0.9%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
164,850
157,318
131,102
+4.8%
Non-controlling interest
4,111
5,616
4,683
-26.8%
Other liabilities
223,686
209,295
161,334
+6.9%
Total liabilities and equity
392,647
372,229
297,119
+5.5%
Goodwill
53,213
49,006
33,972
+8.6%
Cash and equivalents
37,299
38,227
30,558
-2.4%
Inventory
8,975
7,101
6,147
+26.4%
Other assets
293,160
277,895
226,442
+5.5%
Total assets
392,647
372,229
297,119
+5.5%
10-K for the year ended 31 December 2011, filed 27 February 2012: the filing.