Company: BRK-A
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000950170-25-025210
Chunk: 216

Company: BERKSHIRE HATHAWAY INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7
Chunk 216
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 )

    Income taxes

    1,617

    1,527

    1,762

    5.9

    (13.3
    )

    Net earnings
     
    $
    5,031
     
    $
    5,087
     
    $
    5,946

    (1.1
    )
     
    (14.4
    )

    Effective income tax rate

    24.3
    %
     
    23.1
    %
     
    22.9
    %

A summary of BNSF’s railroad freight volumes by business group follows (cars/units in thousands).

    Cars/Units
     
    Percentage Change

    2024
     
    2023
     
    2022
     
    2024 vs 2023
     
    2023 vs 2022

    Consumer products

    5,537

    4,765

    5,202

    16.2
    %
     
    (8.4
    )%

    Industrial products

    1,596

    1,605

    1,618

    (0.6
    )
     
    (0.8
    )

    Agricultural products

    1,251

    1,165

    1,200

    7.4

    (2.9
    )

    Coal

    1,205

    1,468

    1,529

    (17.9
    )
     
    (4.0
    )

    9,589

    9,003

    9,549

    6.5

    (5.7
    )

2024 versus 2023

Railroad operating revenues declined 0.5% in 2024 compared to 2023, reflecting lower average revenue per car/unit of 6.6%, primarily attributable to lower fuel surcharge revenue and business mix changes, partially offset by a net volume increase of 6.5%. Pre-tax earnings were $6.6 billion in 2024, a slight increase from 2023. Railroad operating earnings in 2024 increased due to volume growth and lower operating costs from improved productivity, partially offset by a $290 million charge related to a labor agreement that was finalized in the fourth quarter