Attached files
| file | filename |
|---|---|
| EX-31.2 - EX-31.2 - BERKSHIRE HATHAWAY INC | d364161dex312.htm |
| EX-95 - EX-95 - BERKSHIRE HATHAWAY INC | d364161dex95.htm |
| EX-32.2 - EX-32.2 - BERKSHIRE HATHAWAY INC | d364161dex322.htm |
| EX-32.1 - EX-32.1 - BERKSHIRE HATHAWAY INC | d364161dex321.htm |
| EX-31.1 - EX-31.1 - BERKSHIRE HATHAWAY INC | d364161dex311.htm |
| 10-Q - 10-Q - BERKSHIRE HATHAWAY INC | d364161d10q.htm |
Exhibit 12
BERKSHIRE HATHAWAY INC.
Calculation of Ratio of Consolidated Earnings to Consolidated Fixed Charges
(Dollars in millions)
| Three Months Ending | Year Ended December 31, | |||||||||||||||||||||||||||||
| March 31, 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||||||||||||
| Net earnings attributable to Berkshire Hathaway shareholders |
$ | 4,060 | $ | 24,074 | $ | 24,083 | $ | 19,872 | $ | 19,476 | $ | 14,824 | ||||||||||||||||||
| Income tax expense |
1,549 | 9,240 | 10,532 | 7,935 | 8,951 | 6,924 | ||||||||||||||||||||||||
| Earnings attributable to noncontrolling interests |
79 | 353 | 331 | 298 | 369 | 488 | ||||||||||||||||||||||||
| Equity in net (earnings) loss of Kraft Heinz Company |
(239) | (923) | 122 | 26 | 262 | — | ||||||||||||||||||||||||
| Dividends from Kraft Heinz Company |
195 | 952 | 366 | — | — | — | ||||||||||||||||||||||||
| Fixed charges |
1,215 | 4,195 | 4,134 | 3,882 | 3,386 | 3,304 | ||||||||||||||||||||||||
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| Earnings available for fixed charges |
$ | 6,859 | $ | 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) |
$ | 1,067 | $ | 3,497 | $ | 3,515 | $ | 3,253 | $ | 2,801 | $ | 2,744 | ||||||||||||||||||
| Rentals representing interest and capitalized interest |
148 | 698 | 619 | 629 | 585 | 560 | ||||||||||||||||||||||||
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| $ | 1,215 | $ | 4,195 | $ | 4,134 | $ | 3,882 | $ | 3,386 | $ | 3,304 | |||||||||||||||||||
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| Ratio of earnings to fixed charges |
5.65x | 9.03x | 9.57x | 8.25x | 9.58x | 7.73x | ||||||||||||||||||||||||
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| (1) | Includes non-cash foreign currency exchange losses of $88 million for the first quarter of 2017, gains of $244 million in 2016 and losses of $69 million in 2015 with respect to Berkshire’s Euro denominated debt. |