Exhibit 12
BERKSHIRE HATHAWAY INC.
Calculation of Ratio of Consolidated Earnings to Consolidated Fixed Charges
(Dollars in millions)
| Nine Months Ended September 30, 2014 | Year Ended December 31, | |||||||||||||||||||||||
| 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||||
Net earnings attributable to Berkshire Hathaway shareholders | $ | 15,717 | $ | 19,476 | $ | 14,824 | $ | 10,254 | $ | 12,967 | $ | 8,055 | ||||||||||||
Income tax expense | 6,312 | 8,951 | 6,924 | 4,568 | 5,607 | 3,538 | ||||||||||||||||||
Earnings attributable to noncontrolling interests | 235 | 369 | 488 | 492 | 527 | 386 | ||||||||||||||||||
(Earnings) loss from equity method investments | 24 | 255 | — | — | (50 | ) | (427 | ) | ||||||||||||||||
Dividends from equity method investments | — | — | — | — | 20 | 132 | ||||||||||||||||||
Fixed charges | 2,885 | 3,386 | 3,304 | 3,219 | 3,084 | 2,279 | ||||||||||||||||||
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Earnings available for fixed charges | $ | 25,173 | $ | 32,437 | $ | 25,540 | $ | 18,533 | $ | 22,155 | $ | 13,963 | ||||||||||||
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Fixed charges | ||||||||||||||||||||||||
Interest on indebtedness (including amortization of debt discount and expense) | $ | 2,423 | $ | 2,801 | $ | 2,744 | $ | 2,664 | $ | 2,558 | $ | 1,992 | ||||||||||||
Rentals representing interest and other | 462 | 585 | 560 | 555 | 526 | 287 | ||||||||||||||||||
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| $ | 2,885 | $ | 3,386 | $ | 3,304 | $ | 3,219 | $ | 3,084 | $ | 2,279 | |||||||||||||
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Ratio of earnings to fixed charges | 8.73x | 9.58x | 7.73x | 5.76x | 7.18x | 6.13x | ||||||||||||||||||
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