Company: BRK-A
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000950170-25-025210
Chunk: 88

Company: BERKSHIRE HATHAWAY INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1B
Chunk 88
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 lower earnings from the renewable energy businesses, primarily due to lower income tax benefits, higher operating expenses and lower solar and wind generation from owned projects, partially offset by debt extinguishment gains in 2023.

Net earnings of real estate brokerage decreased $87 million in 2023 compared to 2022. The decrease reflected lower brokerage services revenues and margins, primarily due to a 19% reduction in closed brokerage transaction volumes, as well as lower mortgage services revenues and margins from a 28% decrease in closed transaction volumes. 

Manufacturing, Service and Retailing 

A summary of revenues and earnings of our manufacturing, service and retailing businesses follows (dollars in millions). 

    Percentage change

    2024

    2023

    2022

    2024 vs 2023

    2023 vs 2022

    Revenues

    Manufacturing
    $
    77,231

    $
    75,405

    $
    75,781

    2.4
    %

    (0.5
    )%

    Service and retailing
     
    138,672

    144,342

    91,512

    (3.9
    )

    57.7

    $
    215,903

    $
    219,747

    $
    167,293

    (1.7
    )

    31.4

    Pre-tax earnings

    Manufacturing
    $
    11,895

    $
    11,445

    $
    11,177

    3.9
    %

    2.4
    %

    Service and retailing
     
    4,948

    6,144

    5,042

    (19.5
    )

    21.9

    16,843

    17,589

    16,219

    (4.2
    )

    8.4

    Income taxes and noncontrolling interests
     
    3,771

    4,227

    3,707

    Net earnings*
    $
    13,072

    $
    13,362

    $
    12,512

    Effective income tax rate
     
    21.7
    %

    22.2
    %

    22.2
    %

    Pre-tax