Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - BERKSHIRE HATHAWAY INC | d268144d10q.htm |
| EX-95 - EX-95 - BERKSHIRE HATHAWAY INC | d268144dex95.htm |
| EX-32.2 - EX-32.2 - BERKSHIRE HATHAWAY INC | d268144dex322.htm |
| EX-32.1 - EX-32.1 - BERKSHIRE HATHAWAY INC | d268144dex321.htm |
| EX-31.2 - EX-31.2 - BERKSHIRE HATHAWAY INC | d268144dex312.htm |
| EX-31.1 - EX-31.1 - BERKSHIRE HATHAWAY INC | d268144dex311.htm |
Exhibit 12
BERKSHIRE HATHAWAY INC.
Calculation of Ratio of Consolidated Earnings to Consolidated Fixed Charges
(Dollars in millions)
| Nine Months Ending September 30, 2016 |
Year Ended December 31, | |||||||||||||||||||||||||||||
| 2015 |
2014 |
2013 |
2012 |
2011 | ||||||||||||||||||||||||||
| Net earnings attributable to Berkshire Hathaway shareholders |
$ | 17,788 | $ | 24,083 | $ | 19,872 | $ | 19,476 | $ | 14,824 | $ | 10,254 | ||||||||||||||||||
| Income tax expense |
6,281 | 10,532 | 7,935 | 8,951 | 6,924 | 4,568 | ||||||||||||||||||||||||
| Earnings attributable to noncontrolling interests |
284 | 331 | 298 | 369 | 488 | 492 | ||||||||||||||||||||||||
| (Earnings) loss from equity method investments |
(834 | ) | (83) | 33 | 255 | — | — | |||||||||||||||||||||||
| Dividends from equity method investments |
666 | 547 | — | — | — | — | ||||||||||||||||||||||||
| Fixed charges |
3,481 | 4,134 | 3,882 | 3,386 | 3,304 | 3,219 | ||||||||||||||||||||||||
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| Earnings available for fixed charges |
$ | 27,666 | $ | 39,544 | $ | 32,020 | $ | 32,437 | $ | 25,540 | $ | 18,533 | ||||||||||||||||||
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| Fixed charges |
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| Interest expense, including amortization(1) |
$ | 2,943 | $ | 3,515 | $ | 3,253 | $ | 2,801 | $ | 2,744 | $ | 2,664 | ||||||||||||||||||
| Rentals representing interest and capitalized interest |
538 | 619 | 629 | 585 | 560 | 555 | ||||||||||||||||||||||||
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| $ | 3,481 | $ | 4,134 | $ | 3,882 | $ | 3,386 | $ | 3,304 | $ | 3,219 | |||||||||||||||||||
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| Ratio of earnings to fixed charges |
7.95x | 9.57x | 8.25x | 9.58x | 7.73x | 5.76x | ||||||||||||||||||||||||
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| (1) | Includes non-cash foreign currency exchange losses on the Euro denominated debt issued by Berkshire of $165 million for the first nine months of 2016 and $69 million for the year ended December 31, 2015. |