Manufacturing, Service and Retailing Operations
Our activities in this part of Berkshire cover the waterfront. Let’s look, though, at a summary balance
sheet and earnings statement for the entire group.
Balance Sheet 12/31/09 (in millions)
Assets
Cash and equivalents . . . . . . . . . . . . . . . . . $ 3,018
Accounts and notes receivable . . . . . . . . . . 5,066
Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . 6,147
Other current assets . . . . . . . . . . . . . . . . . . 625
Total current assets . . . . . . . . . . . . . . . . . . . 14,856
Goodwill and other intangibles . . . . . . . . . 16,499
Fixed assets . . . . . . . . . . . . . . . . . . . . . . . . 15,374
Other assets . . . . . . . . . . . . . . . . . . . . . . . . 2,070
$48,799
Liabilities and Equity
Notes payable . . . . . . . . . . . . . . . . . . . . . . . $ 1,842
Other current liabilities . . . . . . . . . . . . . . . 7,414
Total current liabilities . . . . . . . . . . . . . . . . 9,256
Deferred taxes . . . . . . . . . . . . . . . . . . . . . . 2,834
Term debt and other liabilities . . . . . . . . . . 6,240
Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,469
$48,799
Earnings Statement (in millions)
2009 2008 2007
Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $61,665 $66,099 $59,100
Operating expenses (including depreciation of $1,422 in 2009, $1,280 in 2008
and $955 in 2007) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59,509 61,937 55,026
Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 98 139 127
Pre-tax earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,058* 4,023* 3,947*
Income taxes and minority interests . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 945 1,740 1,594
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,113 $2,283 $2,353
*Does not include purchase-accounting adjustments.