Berkshire Hathaway (BRK-A) Reports Q1 EPS of $2,862.00

May 5, 2014 6:47 AM EDT

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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