Berkshire Hathaway (BRK.B) FY2012 results: revenue $162.5 billion, up 13.1% on the year
Berkshire Hathaway Inc. (BRK.B) reported revenue of $162.5 billion for fiscal 2012, the year ended 31 December 2012, up 13.1% on the year before. Net income was $14.8 billion, up 44.6%. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2013.
Revenue
$162.5 billion
+13.1% on the year
FY2007FY2012
Operating margin
12.4%
12.0% a year earlier
FY2007FY2012
Net income
$14.8 billion
+44.6% on the year
FY2007FY2012
Diluted EPS
n/a
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
162,463
143,688
136,185
+13.1%
Operating income
20,079
17,184
17,271
+16.8%
Operating margin
12.4%
12.0%
12.7%
Pre-tax income
22,236
15,314
19,051
+45.2%
Income tax
6,924
4,568
5,607
+51.6%
Effective tax rate
31.1%
29.8%
29.4%
Net income
14,824
10,254
12,967
+44.6%
Net margin
9.1%
7.1%
9.5%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
20,950
20,476
17,895
+2.3%
Capital expenditure
9,775
8,191
5,980
+19.3%
Free cash flow
11,175
12,285
11,915
-9.0%
Free cash flow margin
6.9%
8.5%
8.7%
Cash from investing
n/a
n/a
-18,277
Cash from financing
n/a
n/a
8,125
Depreciation and amortisation
6,154
5,492
n/a
+12.1%
Buybacks
1,296
67.0
n/a
+1,834.3%
Diluted shares, weighted
2m
1,649,891m
1,635,661m
-100.0%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
187,647
164,850
157,318
+13.8%
Non-controlling interest
3,941
4,111
5,616
-4.1%
Other liabilities
235,864
223,686
209,295
+5.4%
Total liabilities and equity
427,452
392,647
372,229
+8.9%
Goodwill
54,523
53,213
49,006
+2.5%
Cash and equivalents
46,992
37,299
38,227
+26.0%
Inventory
9,675
8,975
7,101
+7.8%
Other assets
316,262
293,160
277,895
+7.9%
Total assets
427,452
392,647
372,229
+8.9%
10-K for the year ended 31 December 2012, filed 1 March 2013: the filing.