Attached files
| file | filename |
|---|---|
| EX-95 - EX-95 - BERKSHIRE HATHAWAY INC | d437858dex95.htm |
| EX-32.2 - EX-32.2 - BERKSHIRE HATHAWAY INC | d437858dex322.htm |
| EX-32.1 - EX-32.1 - BERKSHIRE HATHAWAY INC | d437858dex321.htm |
| EX-31.2 - EX-31.2 - BERKSHIRE HATHAWAY INC | d437858dex312.htm |
| EX-31.1 - EX-31.1 - BERKSHIRE HATHAWAY INC | d437858dex311.htm |
| EX-23 - EX-23 - BERKSHIRE HATHAWAY INC | d437858dex23.htm |
| EX-21 - EX-21 - BERKSHIRE HATHAWAY INC | d437858dex21.htm |
| EX-18 - EX-18 - BERKSHIRE HATHAWAY INC | d437858dex18.htm |
| 10-K - 10-K - BERKSHIRE HATHAWAY INC | d437858d10k.htm |
Reg. S-K
Item 601
Exhibit 12
BERKSHIRE HATHAWAY INC.
Calculation of Ratio of Consolidated Earnings to Consolidated Fixed Charges
(Dollars in millions)
| Year Ended December 31, | ||||||||||||||||||||
| 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||
| Net earnings attributable to Berkshire Hathaway shareholders |
$ | 44,940 | $ | 24,074 | $ | 24,083 | $ | 19,872 | $ | 19,476 | ||||||||||
| Income tax expense |
(21,515 | ) | 9,240 | 10,532 | 7,935 | 8,951 | ||||||||||||||
| Earnings attributable to noncontrolling interests |
413 | 353 | 331 | 298 | 369 | |||||||||||||||
| Equity in net (earnings) loss of The Kraft Heinz Company |
(2,938 | ) | (923 | ) | 122 | 26 | 262 | |||||||||||||
| Dividends from Kraft Heinz Company |
797 | 952 | 366 | — | — | |||||||||||||||
| Fixed charges (1) |
4,529 | 4,439 | 4,065 | 3,882 | 3,386 | |||||||||||||||
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| Earnings available for fixed charges |
$ | 26,226 | $ | 38,135 | $ | 39,499 | $ | 32,013 | $ | 32,444 | ||||||||||
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| Fixed charges |
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| Interest expense, including amortization |
$ | 3,927 | $ | 3,741 | $ | 3,446 | $ | 3,253 | $ | 2,801 | ||||||||||
| Rentals representing interest and capitalized interest |
602 | 698 | 619 | 629 | 585 | |||||||||||||||
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| $ | 4,529 | $ | 4,439 | $ | 4,065 | $ | 3,882 | $ | 3,386 | |||||||||||
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| Ratio of earnings to fixed charges |
5.79x | 8.59x | 9.72x | 8.25x | 9.58x | |||||||||||||||
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| (1) | Includes recurring interest expense and excludes foreign currency exchange losses related to Berkshire’s Euro denominated debt and losses from prepayments of debt. |