FORM 10-Q - BERKSHIRE HATHAWAY INC.

1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, 20549 form 10-Q (Mark One) For the quarterly period ended March 31, 2015 OR For the transition period from to Commission file number 001-14905 BERKSHIRE HATHAWAY INC. (Exact name of registrant as specified in its charter) 3555 Farnam Street, Omaha, Nebraska 68131 (Address of principal executive office) (Zip Code) (402) 346-1400 (Registrant s telephone number, including area code) (Former name, former address and former fiscal year, if changed since last report) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d)

2 Of the SecuritiesExchange Act of 1934 during the preceding 12 months and (2) has been subject to such filing requirements for the past 90 days. Yes No Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every InteractiveData File required to be submitted and posted pursuant to Rule 405 of Regulation S-T ( of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

3 Yes No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of large accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes No Number of shares of common stock outstanding as of April 23, 2015.

4 QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 Delaware47-0813844(State or other jurisdiction of incorporation or organization) ( Employer Identification Number) Large accelerated filer Accelerated filer Non-accelerated filer Smaller reporting company Class A 824,730 Class B 1,227,452,053 BERKSHIRE HATHAWAY INC.

5 1 Page No. Part I Financial Information Item 1. Financial Statements Consolidated Balance Sheets March 31, 2015 and December 31, 2014 2 Consolidated Statements of Earnings First Quarter 2015 and 2014 3 Consolidated Statements of Comprehensive Income First Quarter 2015 and 2014 4 Consolidated Statements of Changes in Shareholders Equity First Quarter 2015 and 2014 4 Consolidated Statements of Cash Flows First Quarter 2015 and 2014 5 Notes to Consolidated Financial Statements 6-22 Item 2.

6 Management s Discussion and Analysis of Financial Condition and Results of Operations 23-39 Item 3. Quantitative and Qualitative Disclosures About Market Risk 39 Item 4. Controls and Procedures 39 Part II Other Information Item 1. Legal Proceedings 40 Item 1A. Risk Factors 40 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds and Issuer Repurchases of Equity Securities 40 Item 3.

7 Defaults Upon Senior Securities 40 Item 4. Mine Safety Disclosures 40 Item 5. Other Information 40 Item 6. Exhibits 40 Signature 41 Part I Financial Information Item 1. Financial Statements BERKSHIRE HATHAWAY INC. and Subsidiaries CONSOLIDATED BALANCE SHEETS (dollars in millions) See accompanying Notes to Consolidated Financial Statements 2 March 31, 2015 December 31,2014 (Unaudited) ASSETS Insurance and Other: Cash and cash equivalents $ 58,198 $ 57,974 Investments.

8 Fixed maturity securities 27,366 27,397 Equity securities 113,341 115,529 Other 15,208 16,346 Investments in Heinz Holding Corporation 11,493 11,660 Receivables 24,006 21,852 Inventories 11,681 10,236 Property, plant and equipment 15,161 14,153 Goodwill 37,284 34,959 Other 24,235 23,763 337,973 333,869 Railroad, Utilities and Energy: Cash and cash equivalents 3,522 3,001 Property, plant and equipment 115,500 115,054 Goodwill 24,261 24,418 Other 16,916 16,343 160,199 158,816 Finance and Financial Products.

9 Cash and cash equivalents 1,991 2,294 Investments in equity and fixed maturity securities 1,273 1,299 Other investments 5,666 5,978 Loans and finance receivables 12,474 12,566 Property, plant and equipment and assets held for lease 8,079 8,037 Goodwill 1,334 1,337 Other 2,087 1,990 32,904 33,501 $531,076 $526,186 LIABILITIES AND SHAREHOLDERS EQUITY Insurance and Other.

10 Losses and loss adjustment expenses $ 70,617 $ 71,477 Unearned premiums 13,531 11,944 Life, annuity and health insurance benefits 13,381 13,261 Accounts payable, accruals and other liabilities 23,456 23,307 Notes payable and other borrowings 14,529 11,894 135,514 131,883 Railroad, Utilities and Energy: Accounts payable, accruals and other liabilities 14,996 15,595 Notes payable and other borrowings 56,604 55,579 71,600 71,174 Finance and Financial Products.