Company: BRK-A
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000950170-25-025210
Chunk: 147

Company: BERKSHIRE HATHAWAY INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1B
Chunk 147
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 equity transaction and we recorded an increase of $517 million to capital in excess of par value for the excess of the carrying value of the noncontrolling interest acquired over the consideration paid, net of deferred income tax liabilities arising from the transaction.A summary of the values of Pilot’s assets acquired, liabilities assumed and noncontrolling interests as of January 31, 2023 follows (in millions). 

        Assets acquired

        Liabilities assumed and noncontrolling interests

        Property, plant and equipment
        $
        8,015

        Notes payable
        $
        5,876

        Goodwill*
         
        6,605

        Other liabilities
         
        4,918

        Other intangible assets
         
        6,853

        Liabilities assumed
         
        10,794

        Other assets
         
        7,047

        Noncontrolling interests, predominantly redeemable
         
        3,361

        Liabilities assumed and noncontrolling interests
        $
        14,155

        Assets acquired
        $
        28,520

        Net assets
        $
        14,365

      ——————* Goodwill from this acquisition is expected to be deductible for income tax purposes. On October 19, 2022, Berkshire acquired all of the outstanding common stock of Alleghany Corporation (“Alleghany”) for $11.5 billion, which operates property and casualty insurance and reinsurance businesses. Acquired assets were $35.6 billion, including cash and investments of $19.7 billion and goodwill of $3.9 billion, which is not expected to be deductible for income tax purposes. Liabilities were $24.1 billion, including unpaid losses and loss adjustment expenses of $15.1 billion. Certain unaudited pro forma revenue and consolidated earnings (loss) data for the year ended December 31, 2022 as if the Alleghany and Pilot acquisitions were completed on the same terms at the beginning of 2022 follows (in millions, except per share amounts).

        2022

        Revenues
        $
        383,115

        Net earnings (loss) attributable to Berkshire shareholders
         
        (23,947
        )

        Net earnings (loss) per equivalent Class A common share
         
        (16,303
        )
       
       On September 30, 2024, Berkshire Hathaway Energy Company (“BHE”)