Berkshire Hathaway 2000 Annual Report Download - page 28

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27
BERKSHIRE HATHAWAY INC.
and Subsidiaries
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY
(dollars in millions)
Class A & B
Common
Stock
Capital in
Excess of
Par Value
Retained
Earnings
Accumulated
Other
Comprehensive
Income
Comprehensive
Income
Balance December 31, 1997................... $ 7 $ 2,316 $10,934 $18,198
Common stock issued in connection
with acquisitions of businesses................. 122,805
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
Net earnings ............................................ 1,557 $ 1,557
Exercise of stock options issued in
connection with business acquisitions ...... 88
Other comprehensive income items:
Unrealized appreciation of investments.... (795) (795)
Reclassification adjustment for
appreciation included in net earnings ....... (1,365) (1,365)
Foreign currency translation losses .......... (16) (16)
Income taxes and minority interests ......... 889 889
Other comprehensive income................... (1,287)
Total comprehensive income ................... _____ ______ _______ ______ $ 270
Balance December 31, 1999................... $ 8 $25,209 $15,321 $17,223
Common stock issued in connection
with acquisitions of businesses................. 224
Net earnings ............................................ 3,328 $ 3,328
Exercise of stock options issued in
connection with business acquisitions ...... 91
Other comprehensive income items:
Unrealized appreciation of investments.... 4,410 $4,410
Reclassification adjustment for
appreciation included in net earnings ....... (3,955) (3,955)
Foreign currency translation losses
.......... (161) (161)
Income taxes and minority interests ......... 26 26
Other comprehensive income................... 320
Total comprehensive income
................... _____ ______ ______ ______ $ 3,648
Balance December 31, 2000
................... $ 8 $25,524 $18,649 $17,543
See accompanying Notes to Consolidated Financial Statements