Attached files
| file | filename |
|---|---|
| EX-95 - EX-95 - BERKSHIRE HATHAWAY INC | d473873dex95.htm |
| EX-32.2 - EX-32.2 - BERKSHIRE HATHAWAY INC | d473873dex322.htm |
| EX-32.1 - EX-32.1 - BERKSHIRE HATHAWAY INC | d473873dex321.htm |
| EX-31.2 - EX-31.2 - BERKSHIRE HATHAWAY INC | d473873dex312.htm |
| EX-31.1 - EX-31.1 - BERKSHIRE HATHAWAY INC | d473873dex311.htm |
| 10-Q - 10-Q - BERKSHIRE HATHAWAY INC | d473873d10q.htm |
Exhibit 12
BERKSHIRE HATHAWAY INC.
Calculation of Ratio of Consolidated Earnings to Consolidated Fixed Charges
(Dollars in millions)
| Nine Months Ending September 30, 2017 |
Year Ended December 31, | |||||||||||||||||||||||
| 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||||||
| Net earnings attributable to Berkshire Hathaway shareholders |
$ | 12,389 | $ | 24,074 | $ | 24,083 | $ | 19,872 | $ | 19,476 | $ | 14,824 | ||||||||||||
| Income tax expense |
4,750 | 9,240 | 10,532 | 7,935 | 8,951 | 6,924 | ||||||||||||||||||
| Earnings attributable to noncontrolling interests |
308 | 353 | 331 | 298 | 369 | 488 | ||||||||||||||||||
| Equity in net (earnings) loss of The Kraft Heinz Company |
(800 | ) | (923 | ) | 122 | 26 | 262 | — | ||||||||||||||||
| Dividends from The Kraft Heinz Company |
594 | 952 | 366 | — | — | — | ||||||||||||||||||
| Fixed charges |
4,222 | 4,195 | 4,134 | 3,882 | 3,386 | 3,304 | ||||||||||||||||||
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| Earnings available for fixed charges |
$ | 21,463 | $ | 37,891 | $ | 39,568 | $ | 32,013 | $ | 32,444 | $ | 25,540 | ||||||||||||
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| Fixed charges |
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| Interest expense, including amortization(1) |
$ | 3,800 | $ | 3,497 | $ | 3,515 | $ | 3,253 | $ | 2,801 | $ | 2,744 | ||||||||||||
| Rentals representing interest and capitalized interest |
422 | 698 | 619 | 629 | 585 | 560 | ||||||||||||||||||
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| $ | 4,222 | $ | 4,195 | $ | 4,134 | $ | 3,882 | $ | 3,386 | $ | 3,304 | |||||||||||||
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| Ratio of earnings to fixed charges |
5.08x | 9.03x | 9.57x | 8.25x | 9.58x | 7.73x | ||||||||||||||||||
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| (1) | Includes foreign currency exchange losses of $878 million for the first nine months of 2017 related to Berkshire’s Euro denominated debt. Also includes gains of $244 million in 2016 and losses of $69 million in 2015 with respect to Berkshire’s Euro denominated debt. These gains and losses were predominantly from the periodic revaluation of the Euro denominated debt due to changes in the Euro/U.S. Dollar exchange rate. |