Item 6. Selected Financial Data

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Selected Financial Data for the Past Five Years

(dollars in millions except per-share data)


	2017		2016		2015		2014		2013
Revenues:
Insurance premiums earned	$	60,597	$	45,881	$	41,294	$	41,253	$	36,684
Sales and service revenues		125,963		119,489		107,001		97,097		92,993
Railroad, utilities and energy revenues		39,943		37,542		40,004		40,690		34,757
Interest, dividend and other investment income		5,144		4,725		5,357		5,052		5,196
Finance and financial products sales and service revenues and interest and dividend income		8,362		7,663		6,940		6,526		6,109
Investment and derivative gains/losses		2,128		8,304		10,347		4,081		6,673

Total revenues	$	242,137	$	223,604	$	210,943	$	194,699	$	182,412

Earnings:
Net earnings attributable to Berkshire Hathaway (1)	$	44,940	$	24,074	$	24,083	$	19,872	$	19,476

Net earnings per share attributable to Berkshire Hathaway shareholders (2)	$	27,326	$	14,645	$	14,656	$	12,092	$	11,850


Year-end data:
Total assets	$	702,095	$	620,854	$	552,257	$	525,867	$	484,624
Notes payable and other borrowings:
Insurance and other		27,324		27,175		14,599		11,854		12,396
Railroad, utilities and energy		62,178		59,085		57,739		55,306		46,399
Finance and financial products		13,085		15,384		11,951		12,730		13,122

Berkshire Hathaway shareholders’ equity (3)		348,296		282,070		254,619		239,239		220,959
Class A equivalent common shares outstanding, in thousands		1,645		1,644		1,643		1,643		1,644
Berkshire Hathaway shareholders’ equity per outstanding Class A equivalent common share (3)	$	211,750	$	171,542	$	154,935	$	145,619	$	134,407

	(1)	Includes after-tax investment and derivative gains/losses of $1.4 billion in 2017, $6.5 billion in 2016, $6.7 billion in 2015, $3.3 billion in 2014 and $4.3 billion in 2013. Net earnings in 2017 includes a one-time net benefit of $29.1 billion attributable to the enactment of the Tax Cuts and Jobs Act of 2017.

	(2)	Represents net earnings per average equivalent Class A share outstanding. Net earnings per average equivalent Class B common share outstanding is equal to 1/1,500 of such amount.

	(3)	Beginning in 2017, discounting of certain workers’ compensation claim liabilities for financial reporting purposes was discontinued. The effect of the change was immaterial to the Consolidated Statements of Earnings from 2013 through 2016, and such amounts were not restated. The after-tax net discount as of December 31, 2016 of $931 million was charged to retained earnings as of the earliest period presented. Accordingly, shareholders’ equity and shareholders’ equity per Class A equivalent common share for the years 2013-2016 have been restated from the amounts previously reported.

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