Attached files
| file | filename |
|---|---|
| EX-95 - EX-95 - BERKSHIRE HATHAWAY INC | d415768dex95.htm |
| EX-32.2 - EX-32.2 - BERKSHIRE HATHAWAY INC | d415768dex322.htm |
| EX-32.1 - EX-32.1 - BERKSHIRE HATHAWAY INC | d415768dex321.htm |
| EX-31.2 - EX-31.2 - BERKSHIRE HATHAWAY INC | d415768dex312.htm |
| EX-31.1 - EX-31.1 - BERKSHIRE HATHAWAY INC | d415768dex311.htm |
| 10-Q - 10-Q - BERKSHIRE HATHAWAY INC | d415768d10q.htm |
Exhibit 12
BERKSHIRE HATHAWAY INC.
Calculation of Ratio of Consolidated Earnings to Consolidated Fixed Charges
(Dollars in millions)
| Six Months Ending June 30, 2017 |
Year Ended December 31, | |||||||||||||||||||||||
| 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||||||
| Net earnings attributable to Berkshire Hathaway shareholders |
$ | 8,322 | $ | 24,074 | $ | 24,083 | $ | 19,872 | $ | 19,476 | $ | 14,824 | ||||||||||||
| Income tax expense |
3,323 | 9,240 | 10,532 | 7,935 | 8,951 | 6,924 | ||||||||||||||||||
| Earnings attributable to noncontrolling interests |
172 | 353 | 331 | 298 | 369 | 488 | ||||||||||||||||||
| Equity in net (earnings) loss of Kraft Heinz Company |
(548) | (923 | ) | 122 | 26 | 262 | — | |||||||||||||||||
| Dividends from Kraft Heinz Company |
391 | 952 | 366 | — | — | — | ||||||||||||||||||
| Fixed charges |
2,852 | 4,195 | 4,134 | 3,882 | 3,386 | 3,304 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Earnings available for fixed charges |
$ | 14,512 | $ | 37,891 | $ | 39,568 | $ | 32,013 | $ | 32,444 | $ | 25,540 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Fixed charges |
||||||||||||||||||||||||
| Interest expense, including amortization(1) |
$ | 2,567 | $ | 3,497 | $ | 3,515 | $ | 3,253 | $ | 2,801 | $ | 2,744 | ||||||||||||
| Rentals representing interest and capitalized interest |
285 | 698 | 619 | 629 | 585 | 560 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| $ | 2,852 | $ | 4,195 | $ | 4,134 | $ | 3,882 | $ | 3,386 | $ | 3,304 | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Ratio of earnings to fixed charges |
5.09x | 9.03x | 9.57x | 8.25x | 9.58x | 7.73x | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| (1) | Includes non-cash foreign currency exchange losses of $614 million for the first six months of 2017, gains of $244 million in 2016 and losses of $69 million in 2015 with respect to Berkshire’s Euro denominated debt. |