Berkshire Hathaway (BRK-A) Reports Q1 EPS of $2,862.00
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Berkshire Hathaway (NYSE: BRK-A) reported Q1 earnings of $2,862.00 per Class A share, versus $2,977.00 reported last year.
Earnings of Berkshire Hathaway Inc. and its consolidated subsidiaries for the first quarter of 2014 and 2013 are summarized below. Earnings are stated on an after-tax basis. (Dollar amounts are in millions, except for per share amounts).
First Quarter | ||||||||
2014 | 2013 | |||||||
| Operating earnings | $ | 3,533 | $ | 3,782 | ||||
| Investment and derivative gains/losses – | ||||||||
| Investments | 1,019 | 326 | ||||||
| Derivatives | 153 | 784 | ||||||
| 1,172 | 1,110 | |||||||
| Net earnings attributable to Berkshire shareholders | $ | 4,705 | $ | 4,892 | ||||
| Operating earnings per Class A equivalent share | $ | 2,149 | $ | 2,302 | ||||
| Investment and derivative gains/losses per Class A equivalent share | 713 | 675 | ||||||
| Net earnings per Class A equivalent share attributable to Berkshire shareholders | $ | 2,862 | $ | 2,977 | ||||
| Average Class A equivalent shares outstanding | 1,644,059 | 1,643,181 | ||||||
Note: Per share amounts for the Class B shares are 1/1,500th of those shown for the Class A.
An analysis of Berkshire’s operating earnings follows (dollar amounts are in millions).
| First Quarter | |||||||||
| 2014 | 2013 | ||||||||
| Insurance-underwriting | $ | 461 | $ | 901 | |||||
| Insurance-investment income | 720 | 799 | |||||||
| Railroad, utilities and energy | 1,176 | 1,192 | |||||||
| Other businesses | 1,171 | 1,053 | |||||||
| Other | 5 | (163 | ) | ||||||
| Operating earnings | $ | 3,533 | $ | 3,782 | |||||
In the table at the top of the page (which, as noted, reports after-tax results), we give investment and derivative gains/losses lines of their own because the amounts of these in any given quarter or year is usually meaningless.
At March 31, 2014, our book value had increased by 2.6% since yearend 2013 to $138,426 per Class A equivalent share. Insurance float (the net liabilities we assume under insurance contracts) at March 31, 2014 was approximately $78 billion.
For earnings history and earnings-related data on Berkshire Hathaway (BRK-A) click here.
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