伯克希尔·哈撒韦Berkshire Hathaway (BRK-A) 2001年年度报告「NYSE」.pdf

1、BERKSHIRE HATHAWAY INC.2001 ANNUAL REPORTTABLE OF CONTENTSBusiness Activities.Inside Front CoverCorporate Performance vs.the S&P 500.2Chairmans Letter*.3Selected Financial Data For ThePast Five Years.20Acquisition Criteria.21Independent Auditors Report.21Consolidated Financial Statements.22Managemen

2、ts Discussion.47Chairmans Memo to ManagersFollowing September 11th Terrorist Attack.61Owners Manual.62Shareholder-Designated Contributions.69Common Stock Data.71Subsidiary Listing.72Directors and Officers of the Company.Inside Back Cover*Copyright 2002 By Warren E.BuffettAll Rights ReservedBusiness

3、ActivitiesBerkshire Hathaway Inc.is a holding company owning subsidiaries engaged in anumber of diverse business activities.The most important of these is the property andcasualty insurance business conducted on both a direct and reinsurance basis through anumber of subsidiaries.Included in this gro

4、up of subsidiaries is GEICO Corporation,thesixth largest auto insurer in the United States and General Re Corporation,one of the fourlargest reinsurers in the world.Investment portfolios of insurance subsidiaries include meaningful equity ownershippercentages of other publicly traded companies.Inves

5、tments with a market value inexcess of$500 million at the end of 2001 include approximately 11%of the capital stockof American Express Company,approximately 8%of the capital stock of The Coca-ColaCompany,approximately 9%of the capital stock of The Gillette Company,approximately 9%of the capital stoc

6、k of H&R Block,Inc.,approximately 15%of thecapital stock of Moodys Corporation,approximately 18%of the capital stock of TheWashington Post Company and approximately 3%of the capital stock of Wells Fargoand Company.Much information about these publicly-owned companies is available,including informati