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Berkshire Hathaway Energy

Energy & Utilities energy services renewables sustainability

Berkshire Hathaway Energy is an energy company delivering sustainable energy solutions. It operates in the production, transportation and delivery of energy from a variety of fuels.

Revenue(FY, 2020)

Employee Rating

Type	Subsidiary
Parent Company	Berkshire Hathaway
HQ	Des Moines, IA, US
Founded	1971
Website	brkenergy.com
Cybersecurity rating	BMore

Berkshire Hathaway Energy was founded in 1971 and is headquartered in Des Moines, IA, US

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Key People/Management at Berkshire Hathaway Energy

Gregory E. Abel

Gregory E. Abel

Berkshire Hathaway Inc., Vice Chairman – Non-Insurance Business Operations Berkshire Hathaway Energy, Executive Chairman

William J. Fehrman

William J. Fehrman

Berkshire Hathaway Energy, President and CEO

Patrick J. Goodman

Patrick J. Goodman

Executive Vice President and Chief Financial Officer

Natalie L. Hocken

Natalie L. Hocken

Senior Vice President and General Counsel

Jenny A. McIvor

Jenny A. McIvor

Vice President, Environmental Policy and Chief Environmental Counsel

R. Patrick Reiten

R. Patrick Reiten

Senior Vice President, Government Relations

Berkshire Hathaway Energy Office Locations

Berkshire Hathaway Energy has an office in Des Moines

Des Moines, IA, US (HQ)

666 Grand Ave

Berkshire Hathaway Energy Financials and Metrics

Summary Metrics

Founding Date	1971

Berkshire Hathaway Energy is a subsidiary of Berkshire Hathaway

Berkshire Hathaway Energy Revenue

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Berkshire Hathaway Energy's revenue was reported to be $20.95 b in FY, 2020

Income Statement

Annual

USD	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017	FY, 2018	FY, 2019	FY, 2020
Revenue	11.2b	11.5b	12.6b	17.3b	17.9b	17.4b	18.6b	19.8b	19.8b	21.0b
Revenue growth, %				37%	3%	(3%)
Cost of goods sold	3.6b	3.5b	3.8b	5.7b	5.1b	4.3b	4.5b	4.8b	4.6b	4.2b
Gross profit	7.5b	8.0b	8.8b	11.6b	12.8b	13.1b	14.1b	15.0b	15.3b	16.8b

Quarterly

USD	Q2, 2011	Q3, 2011	Q1, 2012	Q2, 2012	Q3, 2012	Q1, 2013	Q2, 2013	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018	Q3, 2018	Q1, 2019	Q2, 2019	Q1, 2020
Revenue	2.6b	2.8b	2.8b	2.7b	3.0b	3.1b	3.0b	3.3b	4.2b	4.1b	4.8b	4.2b	4.4b	5.1b	4.0b	4.1b	5.1b	4.2b	4.6b	5.3b	4.4b	5.0b	5.6b	4.6b	4.9b	4.5b
Cost of goods sold	840.0m	897.0m	942.0m	750.0m	884.0m	964.0m	840.0m	949.0m	1.6b	1.3b	1.4b	1.4b	1.2b	1.4b	1.1b	970.0m	1.2b	1.1b	1.0b	1.2b	1.2b	1.1b	1.3b	1.2b	1.0b	1.0b
Gross profit	1.8b	1.9b	1.9b	2.0b	2.1b	2.1b	2.1b	2.4b	2.6b	2.8b	3.4b	2.9b	3.2b	3.7b	2.9b	3.2b	3.9b	3.0b	3.5b	4.1b	3.3b	3.9b	4.4b	3.4b	3.9b	3.5b
Gross profit Margin, %	68%	68%	67%	72%	71%	69%	72%	72%	62%	69%	70%	68%	72%	73%	73%	76%	77%	73%	77%	77%	74%	77%	77%	74%	79%	77%

Balance Sheet

Annual

USD	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017	FY, 2018	FY, 2019	FY, 2020
Cash	286.0m	776.0m	1.2b	617.0m	1.1b	721.0m	935.0m	627.0m	1.0b	1.3b
Accounts Receivable	1.3b	1.4b	1.8b	1.8b	1.8b	1.8b	2.0b	2.0b	1.9b	2.1b
Prepaid Expenses	492.0m	612.0m	1.1b	1.5b	814.0m		815.0m	853.0m	839.0m
Inventories	690.0m	766.0m	853.0m	826.0m	882.0m	228.0m	888.0m	844.0m	873.0m	1.2b

Quarterly

USD	Q2, 2011	Q3, 2011	Q1, 2012	Q2, 2012	Q3, 2012	Q1, 2013	Q2, 2013	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018	Q3, 2018	Q1, 2019	Q2, 2019	Q1, 2020
Cash	1.0b	906.0m	382.0m	880.0m	1.9b	618.0m	892.0m	1.9b	1.3b	1.5b	1.5b	507.0m	1.1b	1.7b	1.1b	778.0m	1.0b	1.0b	827.0m	1.1b	1.6b	1.2b	1.0b	1.7b	1.3b	2.1b
Accounts Receivable	1.1b	1.1b	1.2b	1.2b	1.3b	1.3b	1.3b	1.3b	1.9b	1.9b	1.9b	1.8b	2.0b	2.0b	1.6b	1.8b	1.9b	1.6b	1.9b	2.0b	1.8b	2.0b	2.2b	1.9b	2.0b	1.8b
Prepaid Expenses	385.0m	408.0m	645.0m	644.0m	581.0m	564.0m	581.0m	706.0m	1.2b	1.6b	922.0m	1.1b	1.1b	1.1b	796.0m	840.0m	864.0m	1.0b	954.0m	1.1b	963.0m			1.1b
Inventories	613.0m	643.0m	694.0m	726.0m	762.0m	740.0m	759.0m	774.0m	785.0m	825.0m	826.0m	790.0m	835.0m	859.0m	902.0m	933.0m	926.0m	895.0m	893.0m	887.0m	864.0m	860.0m	851.0m	785.0m	867.0m	912.0m

Cash Flow

Annual

USD	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017	FY, 2018	FY, 2019	FY, 2020
Net Income	1.3b	1.5b	1.7b	2.1b	2.4b	2.5b	2.9b	2.6b	3.0b	6.9b
Depreciation and Amortization	1.3b	1.5b	1.6b	2.1b	2.4b	2.6b	2.6b	3.0b	3.0b	3.5b
Accounts Payable	(49.0m)	108.0m	179.0m	(25.0m)	(194.0m)	(28.0m)	50.0m	145.0m	(26.0m)	501.0m
Cash From Operating Activities	3.2b	4.3b	4.7b	5.1b	7.0b	6.1b	6.1b	6.8b	6.2b	6.2b

Quarterly

USD	Q2, 2011	Q3, 2011	Q1, 2012	Q2, 2012	Q3, 2012	Q1, 2013	Q2, 2013	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018	Q3, 2018	Q1, 2019	Q2, 2019	Q1, 2020
Net Income	567.0m	979.0m	375.0m	657.0m	1.1b	438.0m	749.0m	1.3b	507.0m	932.0m	1.7b	473.0m	1.0b	1.9b	490.0m	1.0b	2.1b	556.0m	1.1b	2.2b	513.0m	896.0m	2.3b	622.0m	1.3b	670.0m
Depreciation and Amortization	670.0m	997.0m	351.0m	715.0m	1.1b	389.0m	776.0m	1.2b	482.0m	984.0m	1.5b	587.0m	1.2b	1.8b	626.0m	1.3b	1.9b	622.0m	1.3b	1.9b	716.0m	1.5b	2.1b	733.0m	1.5b	821.0m
Accounts Payable	262.0m	352.0m	(70.0m)	50.0m	56.0m	(12.0m)	44.0m	100.0m	6.0m	57.0m	70.0m	(103.0m)	(48.0m)	(47.0m)	(73.0m)	94.0m	183.0m	(37.0m)	20.0m	170.0m	(40.0m)	16.0m	168.0m	68.0m	32.0m	117.0m
Cash From Operating Activities	1.8b	2.7b	932.0m	2.5b	3.7b	1.3b	2.6b	3.7b	1.0b	2.2b	4.3b	1.1b	3.5b	5.9b	1.4b	2.8b	4.8b	1.4b	2.4b	5.1b	1.5b	2.8b	5.0b	1.5b	2.1b	1.2b

Ratios

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Berkshire Hathaway Energy Cybersecurity Score

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Berkshire Hathaway Energy Environment, Social & Governance (ESG) Ratings

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Competitors

Business Products & Services - Public

Energy & Utilities - Private

Enpowered Solutions

Energy & Utilities - Private

Energy & Utilities - Subsidiary

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Berkshire Hathaway Energy Online and Social Media Presence

6 Months

Berkshire Hathaway Energy has 379 Twitter Followers. The number of followers has increased 0.5% month over month and increased 0.8% quarter over quarter

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Berkshire Hathaway Energy News and Updates

July 06, 2017

Berkshire Hathaway’s Energy Unit Is Buying Utility Company Oncor

NextEra Energy previously bid for the company, but regulators blocked the deal.

Berkshire Hathaway Energy Frequently Asked Questions

When was Berkshire Hathaway Energy founded?
Berkshire Hathaway Energy was founded in 1971.
Who are Berkshire Hathaway Energy key executives?
Berkshire Hathaway Energy's key executives are Gregory E. Abel, William J. Fehrman and Patrick J. Goodman.
How many employees does Berkshire Hathaway Energy have?
Berkshire Hathaway Energy has 23,000 employees.
What is Berkshire Hathaway Energy revenue?
Latest Berkshire Hathaway Energy annual revenue is $21 b.
What is Berkshire Hathaway Energy revenue per employee?
Latest Berkshire Hathaway Energy revenue per employee is $911 k.
Who are Berkshire Hathaway Energy competitors?
Competitors of Berkshire Hathaway Energy include Willdan Group, Daystar Power and Enpowered Solutions.
Where is Berkshire Hathaway Energy headquarters?
Berkshire Hathaway Energy headquarters is located at 666 Grand Ave, Des Moines.
Where are Berkshire Hathaway Energy offices?
Berkshire Hathaway Energy has an office in Des Moines.
How many offices does Berkshire Hathaway Energy have?
Berkshire Hathaway Energy has 1 office.

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