Exhibit 12.1
BERKSHIRE HATHAWAY INC.
Calculation of Ratio of Consolidated Earnings to Consolidated Fixed Charges
(Dollars in millions)
| Nine Months Ended September 30, 2015 |
Year Ended December 31, | |||||||||||||||||||||||
| 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||||||
Net earnings attributable to Berkshire Hathaway shareholders | $ | 18,605 | $ | 19,872 | $ | 19,476 | $ | 14,824 | $ | 10,254 | $ | 12,967 | ||||||||||||
Income tax expense | 8,698 | 7,935 | 8,951 | 6,924 | 4,568 | 5,607 | ||||||||||||||||||
Earnings attributable to noncontrolling interests | 262 | 298 | 369 | 488 | 492 | 527 | ||||||||||||||||||
(Earnings) loss from equity method investments | 211 | 33 | 255 | — | — | (50 | ) | |||||||||||||||||
Dividends from equity method investments | 179 | — | — | — | — | 20 | ||||||||||||||||||
Fixed charges | 3,179 | 3,882 | 3,386 | 3,304 | 3,219 | 3,084 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Earnings available for fixed charges | $ | 31,134 | $ | 32,020 | $ | 32,437 | $ | 25,540 | $ | 18,533 | $ | 22,155 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Fixed charges | ||||||||||||||||||||||||
Interest expense, including amortization | $ | 2,707 | $ | 3,253 | $ | 2,801 | $ | 2,744 | $ | 2,664 | $ | 2,558 | ||||||||||||
Rentals representing interest and other | 472 | 629 | 585 | 560 | 555 | 526 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
| $ | 3,179 | $ | 3,882 | $ | 3,386 | $ | 3,304 | $ | 3,219 | $ | 3,084 | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio of earnings to fixed charges | 9.79x | 8.25x | 9.58x | 7.73x | 5.76x | 7.18x | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||