Berkshire Hathaway (BRK.B) FY2016 results: revenue $215.1 billion, up 2.0% on the year
Berkshire Hathaway Inc. (BRK.B) reported revenue of $215.1 billion for fiscal 2016, the year ended 31 December 2016, up 2.0% on the year before. Net income was $24.1 billion, unchanged. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2017.
Revenue
$215.1 billion
+2.0% on the year
FY2009FY2016
Operating margin
11.3%
16.6% a year earlier
FY2009FY2016
Net income
$24.1 billion
-0.0% on the year
FY2009FY2016
Diluted EPS
n/a
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
215,114
210,821
194,673
+2.0%
Operating income
24,254
34,946
28,105
-30.6%
Operating margin
11.3%
16.6%
14.4%
Interest expense
3,741
3,515
3,253
+6.4%
Pre-tax income
33,667
34,946
28,105
-3.7%
Income tax
9,240
10,532
7,935
-12.3%
Effective tax rate
27.4%
30.1%
28.2%
Net income
24,074
24,083
19,872
-0.0%
Net margin
11.2%
11.4%
10.2%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
32,647
31,491
32,010
+3.7%
Capital expenditure
12,954
16,082
15,185
-19.5%
Free cash flow
19,693
15,409
16,825
+27.8%
Free cash flow margin
9.2%
7.3%
8.6%
Cash from investing
-84,267
-28,001
n/a
Cash from financing
12,791
3,803
n/a
+236.3%
Depreciation and amortisation
8,901
7,779
7,370
+14.4%
Diluted shares, weighted
n/a
n/a
2m
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
282,070
255,550
240,170
+10.4%
Non-controlling interest
3,358
3,077
2,857
+9.1%
Other liabilities
335,426
293,630
283,159
+14.2%
Total liabilities and equity
620,854
552,257
526,186
+12.4%
Goodwill
79,486
62,708
60,714
+26.8%
Securities held for sale or to maturity
23,465
26,027
27,636
-9.8%
Cash and equivalents
28,048
67,161
60,033
-58.2%
Inventory
15,727
11,916
10,236
+32.0%
Other assets
474,128
384,445
367,567
+23.3%
Total assets
620,854
552,257
526,186
+12.4%
10-K for the year ended 31 December 2016, filed 27 February 2017: the filing.