Berkshire Hathaway (BRK.B) FY2015 results: revenue $210.8 billion, up 8.3% on the year
Berkshire Hathaway Inc. (BRK.B) reported revenue of $210.8 billion for fiscal 2015, the year ended 31 December 2015, up 8.3% on the year before. Net income was $24.1 billion, up 21.2%. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2016.
Revenue
$210.8 billion
+8.3% on the year
FY2008FY2015
Operating margin
16.6%
14.4% a year earlier
FY2008FY2015
Net income
$24.1 billion
+21.2% on the year
FY2008FY2015
Diluted EPS
n/a
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
210,821
194,673
182,150
+8.3%
Operating income
34,946
28,105
28,796
+24.3%
Operating margin
16.6%
14.4%
15.8%
Interest expense
3,515
3,253
2,801
+8.1%
Pre-tax income
34,946
28,105
28,796
+24.3%
Income tax
10,532
7,935
8,951
+32.7%
Effective tax rate
30.1%
28.2%
31.1%
Net income
24,083
19,872
19,476
+21.2%
Net margin
11.4%
10.2%
10.7%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
31,491
32,010
27,704
-1.6%
Capital expenditure
16,082
15,185
11,087
+5.9%
Free cash flow
15,409
16,825
16,617
-8.4%
Free cash flow margin
7.3%
8.6%
9.1%
Cash from investing
-28,001
n/a
n/a
Cash from financing
3,803
n/a
n/a
Depreciation and amortisation
7,779
7,370
6,508
+5.5%
Diluted shares, weighted
n/a
2m
2m
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
255,550
240,170
221,890
+6.4%
Non-controlling interest
3,077
2,857
2,595
+7.7%
Other liabilities
293,630
283,159
260,446
+3.7%
Total liabilities and equity
552,257
526,186
484,931
+5.0%
Goodwill
62,708
60,714
57,011
+3.3%
Securities held for sale or to maturity
26,027
27,636
n/a
-5.8%
Cash and equivalents
67,161
60,033
45,907
+11.9%
Inventory
11,916
10,236
9,860
+16.4%
Other assets
384,445
367,567
372,153
+4.6%
Total assets
552,257
526,186
484,931
+5.0%
10-K for the year ended 31 December 2015, filed 29 February 2016: the filing.