Berkshire Hathaway, Inc.

Berkshire Hathaway, Inc.

Berkshire Hathaway, Inc.

Overview
Date Founded

1998

Headquarters

136 East Putnam Avenue, Greenwich, Connecticut, 06830, United States

Type of Company

Public

Employees (Worldwide)

389K

Industries

Other Insurance Services
Insurance: Property & Casualty
Consumer Finance
Private Equity & Venture Capital
Real Estate
Food
Automobiles
Reinsurance
Railroads
Holding Companies
Alternative Energy

Company Description

Berkshire Hathaway, Inc. engages in the provision of property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing, and services. It operates through following segments: GEICO, General Re, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC, Berkshire Hathaway Energy, McLane Company, Manufacturing, Service and Retailing, and Finance and Financial products. The GEICO segments involves in underwriting private passenger automobile insurance mainly by direct response methods. The General Re offers underwriting excess-of-loss, quota-share, and facultative reinsurance. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share reinsurance for insurers and reinsurers. The Berkshire Hathaway Primary Group segment comprises of underwriting multiple lines of property and casualty insurance policies. The BNSF segment operates railroad systems in North America. The Berkshire Hathaway Energy segments deals with regulated electric and gas utility, including power generation and distribution activities, and domestic real estate brokerage and brokerage franchisor. The McLane Company segment offers wholesale distribution of groceries and non-food items. The Manufacturing segment includes industrial and end-user products, building products, and apparel. The Service and Retailing segment involves providing fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and retailing. The Finance and Financial Products segment includes manufactured housing and consumer financing; transportation equipment, manufacturing and leasing; and furniture leasing. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, NE.

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Executives & Employees

Chief Executive Officer

Senior Vice President & Chief Financial Officer

Vice President & Controller

Director-Internal Auditing

Treasurer

Chief Executive Officer, Specialty-Insurance Unit

Director & Vice Chairman, Non-Insurance Operations

Director & Vice Chairman, Insurance Operations

Owner

Homeowner Programs

Board of Directors

Co-Founder at Microsoft Corporation

Chairman & Chief Executive Officer at Howard G. Buffett Foundation

Founder at First Manhattan Co.

Chief Executive Officer at NBCUniversal Media LLC

Locomotive Engineer at Burlington Northern Santa Fe LLC

Former Chief Executive Officer at ABC, Inc.

Partner at Munger, Tolles & Olson LLP

Executive Chairman at Berkshire Hathaway Energy Company

Principal at Deck3 Ventures LLC

Paths to Berkshire Hathaway, Inc.
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Berkshire Hathaway, Inc.
Owners & Shareholders
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The Vanguard Group is an American investment management company based in Malvern, Pennsylvania, that manages approximately $3.4 trillion[1] in assets. It is the largest provider of mutual funds and now the second-largest provider of exchange-traded funds (ETFs) in the world after BlackRock, with about $451 billion in ETF assets under management, as of March 2015.[3] It offers mutual funds and other financial products and services to retail and institutional investors in the United States and abroad. Founder and former chairman John C. Bogle is credited with the creation of the first index fund available to individual investors,[4] the popularization of index funds generally,[5] and driving costs down across the mutual fund industry.

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The Bill & Melinda Gates Foundation Trust holds the endowment, including the annual installments of Warren Buffett's gift, and funds the foundation. Bill and Melinda are the trustees for the Foundation Trust, and the endowment continues to be managed, as it has been for more than 10 years, by a team of outside investment managers. The trust invests undistributed assets, with the exclusive goal of maximizing the return on investment. Investments include companies that have been criticized for worsening poverty in the same developing countries where the Foundation is attempting to relieve poverty. The majority of the trust's assets are invested in government and corporate bonds, with additional holdings in commercial paper and other short-term debt securities. The trust engages in substantial foreign currency transactions, options and futures trading and lending out of securities.

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SSgA FM's methods of analysis include quantitative, fundamental, technical, cyclical, indexing, arbitrage, charting and other strategy specific methods. They offer a broad range of strategies including: Active, Enhanced, and Passive Equity; Active & Passive Debt; Cash Management; Multi-Asset Class Solutions; Real Estate (including Direct Real Estate); Senior Loans; Managed Futures; and Private Equity. Active equity strategies include enhanced equity and active quantitative strategies. The strategies cover market-cap and style segments of the market including: large-cap core, large-cap growth, large-cap value, mid-cap, small-cap, small-cap value, all-cap, and long-short equity. They also manage long-short and long-short market neutral strategies. SSgA FM's Active & Passive Debt strategies offers a range of investment styles from passive to active, short to long duration, tax-exempt, sovereign to high yield, and single country to global. The firm's Cash Management strategies seek to generate current income while preserving capital and liquidity by investing in diversified portfolios of short-term securities. SSgA FM's Multi-Asset Class strategies employ an asset allocation model as means of diversification and seek to position assets among major investment categories. Their Multi Asset Class Solutions strategies employ an asset allocation model as a method of diversification that aims to position assets among major investment categories. SSgA FM's Managed Futures strategy allocates assets using two approaches: a managed futures strategy and a fixed income strategy. The firm's Private Equity strategies focus on rigorous partner selection, thorough evaluation of quality investment opportunities, and fundamental, research-driven research.

Recent Transactions
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Berkshire Hathaway, Inc., HomeServices of America, Inc. purchase Watermark Realty, Inc. (Florida) from Lennar Corporation

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Berkshire Hathaway, Inc., Clayton Properties Group, Inc. purchase Mungo Homes, Inc.

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GP Strategies Corp. purchases TTI (Europe) Ltd. from Berkshire Hathaway, Inc.

Transaction Advisors
Accountant

Advised onBerkshire Hathaway, Inc. purchases General Re Corporation

Legal Advisor

Advised onBerkshire Hathaway, Inc. purchases Burlington Northern Santa Fe Corp.

Legal Advisor

Advised onBerkshire Hathaway, Inc. purchases Precision Castparts Corp.

Legal Advisor

Advised onBerkshire Hathaway, Inc. purchases Burlington Northern Santa Fe Corp.

Legal Advisor

Advised onBerkshire Hathaway, Inc. purchases Burlington Northern Santa Fe Corp.

Legal Advisor

Advised onBerkshire Hathaway, Inc. purchases Burlington Northern Santa Fe Corp.

Advisors & Consultants
Legal Advisor

Partner at Jones Day

Advisor

Partner at Munger, Tolles & Olson LLP

Advisor

Chief Financial Officer at The Jackson Laboratory

Clients

Facebook, Inc. engages in the development of social media applications for people to connect through mobile devices, personal computers, and other surfaces. It enables users to share opinions, ideas, photos, videos, and other activities online. Its products include Facebook, Instagram, Messenger, WhatsApp, and Oculus. The company was founded by Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004 and is headquartered in Menlo Park, CA.

Loews Corporation is one of the largest diversified holding companies in the United States, with five operating subsidiaries: CNA Financial Corporation, one of the largest U.S. commercial property-casualty insurers; Diamond Offshore Drilling, Inc., one of the world’s largest offshore drilling companies; HighMount Exploration & Production LLC, a domestic natural gas exploration and production company; Boardwalk Pipeline Partners, LP, an operator of interstate natural gas pipeline systems; and Loews Hotels, one of the country’s top luxury lodging companies.

AIG

American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG traces its root to 1919, when American Cornelius Vander Starr established a general insurance agency, American Asiatic Underwriters, in Shanghai, China. Since then, an enterprising spirit, ingenuity, and tenacity have built the company into one of the world’s leading insurers. Today, AIG is focused on what it has been known for since the beginning: the willingness and ability to provide insurance coverage to meet the diverse needs of its clients.

Key Stats and Financials As of 2018
Market Capitalization
$496B
Total Enterprise Value
$501B
Earnings Per Share
$1.63
Revenue
$248B
Net Profit
$4.02B
EBITDA
$41.9B
EBITDAMargin
16.9%
Enterprise Value EBITDAOperating
11.96x
TEVNet Income
124.59x
Debt TEV
0.21x
Enterprise Value Sales
2.02x
Total Equity
$352B
Total Debt
$106B
Three Year Compounded Annual Growth Rate Of Revenue
5.7%
Five Year Compounded Annual Growth Rate Of Revenue
6.63%
Non-Profit Donations & Grants
$100K - $1M
2002
$100K - $1M
2001
$200K - $1M
2000
Investments
Details Hidden

Evolution Systems Ltd. provides software solutions for the telecommunications industry. Its smart energy solution is a fully-automated software solution that reduces energy consumption on the cellular tower level by deactivating the redundant capacity of base stations during low traffic demand. The company was founded by Roy Morad and Idan Cohen in 2011 and is headquartered in Ramat-Gan, Israel.

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Reverse Medical Corp. develops medical devices. The company was founded by Jeffrey Valko and Michael R. Henson in 2007 and is headquartered in Irvine, CA.

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StarStone Insurance Holdings Ltd. provided insurance services. It offered casualty and specialty insurance, as well as reinsurance products through its European, United States and Bermudian based insurance subsidiaries. The company was founded in 2008 and was headquartered in Hamilton, Bermuda.

Investors
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Former Faculty Member at St. Athanasius School

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Former President at Premier Magnesia LLC

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Founder at Chemtool, Inc.

Suppliers
La-Z-Boy Incorporated Other Consumer Durables | Monroe, MI

La-Z-Boy, Inc. is a manufacturer, marketer, importer, distributor and retailer of upholstery products. It also imports, distribute and retail accessories and casegoods furniture products. The company operates through its segments: Upholstery, Casegoods and Retail. The Upholstery segment manufactures or imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans and sleeper sofas. The Casegoods segment includes bedroom sets, dining room sets, entertainment centers and occasional pieces. The Retail segment primarily sells upholstered furniture, in addition to some casegoods and other accessories, to the end consumer through the retail network. La-Z-Boy was founded by Edward M. Knabusch and Edwin J. Shoemaker in 1941 and is headquartered in Monroe, MI.

Leggett & Platt, Inc. Industrial Machinery & Manufacturing | CARTHAGE, MO

Leggett & Platt, Inc. engages in the manufacture and distribution of furniture and engineered components; and products among homes, offices, automobiles, and commercial aircraft. It operates through the following business segments: Residential Products, Industrial Products, Furniture Products, and Specialized Products. The Residential Products segment comprises of bedding, fabric and carpet cushion, and machineries. The Industrial Products segment includes drawn wire, wire products, and steel rod. The Furniture Products segment consists of home furniture, work furniture, and consumer products. The Specialized Products segment offers automotive, aerospace, and commercial vehicle products. The company was founded J. P. Productsand C. B. Platt in 1883 and is headquartered in Carthage, MO.

Gogo, Inc. Wireless Telecommunications | Itasca, IL

Gogo, Inc. engages in the provision of in-flight broadband connectivity and wireless entertainment services. It operates through the following segments: Commercial Aviation North American (CA-NA); Commercial Aviation Rest of World (CA-ROW); and Business Aviation (BA). The CA-NA segment offers a broad range of connectivity and entertainment services to commercial airlines flying routes. The CA-ROW segment covers satellite-based connectivity and entertainment services to foreign-based commercial airlines and North American based commercial airlines when flying routes outside of North America. The BA segment comprises of a broad suite of in-flight Internet connectivity and other voice and data communications products and services under its Gogo Business Aviation brand to the business aviation market. The company was founded in 1991 and is headquartered in Chicago, IL.

Competitors
The Home Depot Retail: Home Improvement - Atlanta , GA

Home Depot, Inc. is a home improvement retailer, which engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products, and decor products. It offers home improvement installation services and tool and equipment rental. The company was founded by Bernard Marcus, Arthur M. Blank, Kenneth Gerald Langone and Pat Farrah on June 29, 1978 and is headquartered at Atlanta, GA.

Chevron Corp. Oil & Gas - San Ramon, California

Chevron is one of the world's leading integrated energy companies and conducts business worldwide. Our success is driven by our people and their commitment to get results the right way—by operating responsibly, executing with excellence, applying innovative technologies and capturing new opportunities for profitable growth. We are involved in virtually every facet of the energy industry. We explore for, produce and transport crude oil and natural gas; refine, market and distribute transportation fuels and lubricants; manufacture and sell petrochemical products; generate power and produce geothermal energy; provide energy efficiency solutions; and develop the energy resources of the future, including research for advanced biofuels.

Lowe's Companies, Inc. Retail: Home Improvement - Mooresville, NC

Lowe's Cos., Inc. engages in the retail sale of home improvement products. It offers products for maintenance, repair, remodeling, home decorating, and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows, and doors. The company was founded in 1946 and is headquartered in Mooresville, NC.

Awards & Honors
Rank #4
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #4
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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