Berkshire Hathaway (BRK.B) FY2013 results: revenue $182.2 billion, up 12.1% on the year
Berkshire Hathaway Inc. (BRK.B) reported revenue of $182.2 billion for fiscal 2013, the year ended 31 December 2013, up 12.1% on the year before. Net income was $19.5 billion, up 31.4%. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2014.
Revenue
$182.2 billion
+12.1% on the year
FY2007FY2013
Operating margin
15.8%
12.4% a year earlier
FY2007FY2013
Net income
$19.5 billion
+31.4% on the year
FY2007FY2013
Diluted EPS
n/a
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
182,150
162,463
143,688
+12.1%
Operating income
28,796
20,079
17,184
+43.4%
Operating margin
15.8%
12.4%
12.0%
Interest expense
2,801
n/a
n/a
Pre-tax income
28,796
22,236
15,314
+29.5%
Income tax
8,951
6,924
4,568
+29.3%
Effective tax rate
31.1%
31.1%
29.8%
Net income
19,476
14,824
10,254
+31.4%
Net margin
10.7%
9.1%
7.1%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
27,704
20,950
20,476
+32.2%
Capital expenditure
11,087
9,775
8,191
+13.4%
Free cash flow
16,617
11,175
12,285
+48.7%
Free cash flow margin
9.1%
6.9%
8.5%
Depreciation and amortisation
6,508
6,154
5,492
+5.8%
Buybacks
n/a
1,296
67.0
Diluted shares, weighted
2m
2m
1,649,891m
-0.5%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
221,890
187,647
164,850
+18.2%
Non-controlling interest
2,595
3,941
4,111
-34.2%
Other liabilities
260,446
235,864
223,686
+10.4%
Total liabilities and equity
484,931
427,452
392,647
+13.4%
Goodwill
57,011
54,523
53,213
+4.6%
Cash and equivalents
45,907
46,992
37,299
-2.3%
Inventory
9,860
9,675
8,975
+1.9%
Other assets
372,153
316,262
293,160
+17.7%
Total assets
484,931
427,452
392,647
+13.4%
10-K for the year ended 31 December 2013, filed 3 March 2014: the filing.