Company: BRK-A
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000950170-25-025210
Chunk: 84

Company: BERKSHIRE HATHAWAY INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1B
Chunk 84
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5,268

    Other income
     
    428

    406

    56

    Total revenue
     
    26,348

    26,008

    26,393

    Costs and expenses:

    Energy cost of sales
     
    6,616

    7,057

    6,757

    Energy operating expenses
     
    10,403

    11,412

    9,233

    Real estate operating costs and expenses
     
    4,509

    4,316

    5,117

    Interest expense
     
    2,528

    2,283

    2,140

    Total costs and expenses
     
    24,056

    25,068

    23,247

    Pre-tax earnings
     
    2,292

    940

    3,146

    Income tax benefit*
     
    (1,871
    )
     
    (2,022
    )
     
    (1,629
    )

    Net earnings after income taxes
     
    4,163

    2,962

    4,775

    Noncontrolling interests of BHE subsidiaries
     
    137

    352

    423

    Net earnings attributable to BHE
     
    4,026

    2,610

    4,352

    Noncontrolling interests and preferred stock dividends
     
    296

    279

    448

    Net earnings attributable to Berkshire shareholders
    $
    3,730
     
    $
    2,331
     
    $
    3,904

    Effective income tax rate
     
    (81.6
    )%
     
    (215.1
    )%
     
    (51.8
    )%

——————

* Includes significant production tax credits primarily from wind-powered electricity generation.

The discussion of BHE’s operating results that follows is based on after-tax earnings, reflecting how the energy businesses are managed and evaluated. A summary of net earnings attributable to BHE (“net earnings”) follows (dollars in millions).

    Percentage Change

    2024
     
    2023
     
    2022
     
    2024 vs 2023