Berkshire Hathaway 1998 Annual Report Download - page 26

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25
BERKSHIRE HATHAWAY INC.
and Subsidiaries
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY
(dollars in millions)
Class A & B Capital in Class A Other
Common Excess of Treasury Retained Comprehensive Comprehensive
Stock Par Value Stock Earnings Income Income
Accumulated
Balance December 31, 1995 ........ $ 7 $ 1,002 $ (35) $ 6,544 $ 9,221
Common stock issued in connection with
acquisitions of businesses ........... 707 4
Issuance of Class B Stock ........... 565
Net earnings ..................... 2,489 $ 2,489
Other comprehensive income items:
Unrealized appreciation of investments 7,088 7,088
Reclassification adjustment for
appreciation included in net earnings .. (2,484) (2,484)
Income taxes and minority interests .... (1,681) (1,681)
Other comprehensive income ......... 2,923
Total comprehensive income ......... $ 5,412
Balance December 31, 1996 ........ $ 7 $ 2,274 $ (31) $ 9,033 $12,144
Common stock issued in connection with
acquisitions of businesses ........... 73
Net earnings ..................... 1,901 1,901
Other comprehensive income items:
Unrealized appreciation of investments 10,574 10,574
Reclassification adjustment for
appreciation included in net earnings .. (1,106) (1,106)
Income taxes and minority interests .... (3,414) (3,414)
Other comprehensive income ......... 6,054
Total comprehensive income ......... $ 7,955
Balance December 31, 1997 ........ $ 7 $ 2,347 $ (31) $10,934 $18,198
Common stock issued in connection with
acquisitions of businesses ........... 1 22,803 2
Retirement of treasury stock ......... (29) 29
Net earnings ..................... 2,830 2,830
Other comprehensive income items:
Unrealized appreciation of investments 3,011 3,011
Reclassification adjustment for
appreciation included in net earnings .. (2,415) (2,415)
Income taxes and minority interests .... (284) (284)
Other comprehensive income ......... 312
Total comprehensive income ......... $ 3,142
Balance December 31, 1998 ........ $ 8 $25,121 $ — $13,764 $18,510
See accompanying Notes to Consolidated Financial Statements