Berkshire Hathaway Inc. Comparative Financial Statements

Income Statement for Years Ended December 31, 2021, 2022, 2023

• Revenue: $276,094, $295,812, $314,523
• Cost of Revenue: $156,432, $169,459, $181,876
• Gross Profit: $119,662, $126,353, $132,647
• Operating Expenses: $54,837, $57,298, $59,867
• Operating Income: $64,825, $69,055, $72,780
• Interest Expense: $4,230, $4,389, $4,521
• Income Before Tax: $60,595, $64,666, $68,259
• Income Tax Expense: $12,119, $12,933, $13,652
• Net Income: $48,476, $51,733, $54,607

Balance Sheet as of December 31, 2021, 2022, 2023

• Assets
  • Current Assets: $142,658, $148,765, $153,873
  • Property, Plant, Equipment, Net: $89,761, $92,193, $94,672
  • Intangible Assets: $55,283, $57,926, $60,358
  • Total Assets: $287,702, $298,884, $308,903
• Liabilities and Equity
  • Current Liabilities: $51,482, $54,789, $57,293
  • Long-Term Debt: $91,249, $94,368, $97,258
  • Shareholders' Equity: $144,971, $149,727, $154,352
  • Total Liabilities and Equity: $287,702, $298,884, $308,903

Requirements

1. Calculate the gross profit margin for each year.
2. Determine the operating income as a percentage of revenue for each year.
3. Compute the interest coverage ratio for each year.
4. Assess the return on equity for each year.