Berkshire Hathaway 2001 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
Common
Stock
Capital in
Excess of
Par Value
Retained
Earnings
Accumulated
Other
Comprehensive
Income
Comprehensive
Income
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 ac
q
uisitions ...... 88
Other comprehensive income items:
Unrealized appreciation of investments.... (795) (795)
Reclassification adjustment for
a
pp
reciation included in net earnin
g
s ....... (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
Net earnings.............................................. 3,328 $ 3,328
Common stock issued in connection
with business ac
q
uisitions......................... 224
Exercise of stock options issued in
connection with business ac
q
uisitions ...... 91
Other comprehensive income items:
Unrealized appreciation of investments.... 4,402 $4,402
Reclassification adjustment for
a
pp
reciation included in net earnin
g
s ....... (3,955) (3,955)
Foreign currency translation losses and
other.......................................................... (153) (153)
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
Net earnings.............................................. 795 $ 795
Exercise of stock options issued in
connection with business ac
q
uisitions ...... 83
Other comprehensive income items:
Unrealized appreciation of investments.... (5,706) (5,706)
Reclassification adjustment for
a
pp
reciation included in net earnin
g
s ....... (1,363) (1,363)
Foreign currency translation losses and
other.......................................................... (151) (151)
Income taxes and minority interests ......... 2,568 2,568
Other comprehensive income ................... (4,652)
Total comprehensive income .................... _____ ______ ______ ______ $(3,857)
Balance December 31, 2001.................... $ 8 $25,607 $19,444 $12,891
See accompanying Notes to Consolidated Financial Statements