EX-12 2 a50258446ex12.htm EXHIBIT 12 a50258446ex12.htm
Exhibit 12
 
BERKSHIRE HATHAWAY INC.
Calculation of Ratio of Consolidated Earnings to Consolidated Fixed Charges
(Dollars in millions)
 
  Three Months Ended    
Year Ended December 31,
 
  March 31, 2012    
2011
     
2010
     
2009
     
2008
     
2007
 
Net earnings attributable to Berkshire Hathaway
  $ 3,245     $ 10,254     $ 12,967     $ 8,055     $ 4,994     $ 13,213  
Income tax expense
    1,565       4,568       5,607       3,538       1,978       6,594  
Earnings attributable to noncontrolling interests
    121       492       527       386       602       354  
Earnings from equity method investments
                (50 )     (427 )            
Dividends from equity method investees
                20       132              
Fixed charges
    823       3,219       3,084       2,279       2,276       2,202  
Earnings available for fixed charges
  $ 5,754     $ 18,533     $ 22,155     $ 13,963     $ 9,850     $ 22,363  
Fixed charges
                                               
Interest on indebtedness (including amortization of debt discount and expense)
  $ 691     $ 2,664     $ 2,558     $ 1,992     $ 1,963     $ 1,910  
Rentals representing interest and other
    132       555       526       287       313       292  
    $ 823     $ 3,219     $ 3,084     $ 2,279     $ 2,276     $ 2,202  
Ratio of earnings to fixed charges
    6.99 x     5.76 x     7.18 x     6.13 x     4.33 x     10.16 x