Exhibit 12
BERKSHIRE HATHAWAY INC.
Calculation of Ratio of Consolidated Earnings to Consolidated Fixed Charges
(Dollars in millions)
Six Months Ended June 30, 2015 | Year Ended December 31, | |||||||||||||||||||||||
2014 |
2013 |
2012 |
2011 |
2010 | ||||||||||||||||||||
Net earnings attributable to Berkshire Hathaway | $ | 9,177 | $ | 19,872 | $ | 19,476 | $ | 14,824 | $ | 10,254 | $ | 12,967 | ||||||||||||
Income tax expense | 4,153 | 7,935 | 8,951 | 6,924 | 4,568 | 5,607 | ||||||||||||||||||
Earnings attributable to noncontrolling interests | 163 | 298 | 369 | 488 | 492 | 527 | ||||||||||||||||||
(Earnings) loss from equity method investments | 130 | 33 | 255 | — | — | (50) | ||||||||||||||||||
Dividends from equity method investments | — | — | — | — | — | 20 | ||||||||||||||||||
Fixed charges | 2,163 | 3,882 | 3,386 | 3,304 | 3,219 | 3,084 | ||||||||||||||||||
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Earnings available for fixed charges | $ | 15,786 | $ | 32,020 | $ | 32,437 | $ | 25,540 | $ | 18,533 | $ | 22,155 | ||||||||||||
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Fixed charges | ||||||||||||||||||||||||
Interest expense, including amortization | $ | 1,842 | $ | 3,253 | $ | 2,801 | $ | 2,744 | $ | 2,664 | $ | 2,558 | ||||||||||||
Rentals representing interest and capitalized interest | 321 | 629 | 585 | 560 | 555 | 526 | ||||||||||||||||||
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$ | 2,163 | $ | 3,882 | $ | 3,386 | $ | 3,304 | $ | 3,219 | $ | 3,084 | |||||||||||||
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Ratio of earnings to fixed charges | 7.30x | 8.25x | 9.58x | 7.73x | 5.76x | 7.18x | ||||||||||||||||||
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