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Berkshire Hathaway's tax expense for the months ended in Dec. 2023 was $9,180 Mil. Its tax expense for the trailing twelve months (TTM) ended in Dec. 2023 was $23,019 Mil.
The historical data trend for Berkshire Hathaway's Tax Expense can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Berkshire Hathaway Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Tax Expense | Get a 7-Day Free Trial | 20,904.00 | 12,440.00 | 20,912.00 | -8,502.00 | 23,019.00 |
Berkshire Hathaway Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Tax Expense | Get a 7-Day Free Trial | 3,872.00 | 8,995.00 | 9,236.00 | -4,392.00 | 9,180.00 |
Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.
Tax Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $23,019 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Berkshire Hathaway (NYSE:BRK.A) Tax Expense Explanation
In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.
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Ronald L Olson | director | EDISON INTERNATIONAL, 2244 WALNUT GROVE AVENUE, ROSEMEAD CA 91770 |
Ajit Jain | director, officer: Vice Chairman | 100 FIRST STAMFORD PLACE, BHRG, STAMFORD CT 06902 |
Charles T Munger | director, officer: Vice Chairman | 355 S GRAND AV, 34TH FL, LOS ANGELES CA 90071 |
Warren E Buffett | director, 10 percent owner, officer: Chairman and CEO | 3555 FARNAM ST, STE 1440, OMAHA NE 68131 |
Meryl B Witmer | director | 655 THIRD AVENUE, 11TH FLOOR, NEW YORK NY 10017 |
Kenneth I Chenault | director | C/O GENERAL CATALYST, 20 UNIVERSITY ROAD, 4TH FLOOR, CAMBRIDGE MA 02138 |
David S Gottesman | director | |
Charlotte Guyman | director | 3324 78TH PL. N.E., MEDINA WA 98004 |
Gregory Abel | director, officer: Vice Chairman | 666 GRAND AVE., STE.500, DES MOINES IA 50309 |
Thomas S Murphy | director | C/O WALT DISNEY CO, 500 S BUENA VISTA STREET, BURBANK CA 91521-1010 |
Stephen B Burke | director | 41 CENTRAL PARK WEST - APT 11A, NEW YORK NY 10023 |
Keough Donald R /ny | director | 200 GALLERIA PARKWAY, SE, SUITE 970, ATLANTA 2Q 30339-5945 |
Bill & Melinda Gates Foundation Trust | 10 percent owner | 2365 CARILLON POINT, KIRKLAND WA 98033 |
Susan L Decker | director | C/O YAHOO INC, 701 FIRST AVE, SUNNYVALE CA 94089 |
Malcolm G Chace | director | ONE PROVIDENCE WASHINGTON PLZ, 4TH FL, PROVIDENCE RI 02903 |
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