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 | ||||||||||||