Berkshire Hathaway 2002 Annual Report Download - page 31

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30
BERKSHIRE HATHAWAY INC.
and Subsidiaries
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY
AND COMPREHENSIVE INCOME
(dollars in millions)
Year Ended December 31,
2002 2001 2000
Class A & B Common Stock
Balance at beginning and end of year........................................................ $ 8 $ 8 $ 8
Capital in Excess of Par Value
Balance at beginning of year ..................................................................... $25,607 $25,524 $25,209
Common stock issued in connection with business acquisitions ........... 324 224
Exercise of stock options issued in connection with business
acquisitions and SQUARZ warrant premiums.................................. 97 83 91
Balance at end of year................................................................................ $26,028 $25,607 $25,524
Retained Earnings
Balance at beginning of year ..................................................................... $19,444 $18,649 $15,321
Net earnings ........................................................................................... 4,286 795 3,328
Balance at end of year................................................................................ $23,730 $19,444 $18,649
Accumulated Other Comprehensive Income
Unrealized appreciation of investments..................................................... $ 2,859 $ (5,708) $ 4,406
Applicable income taxes and minority interests................................... (1,041) 2,039 (1,586)
Reclassification adjustment for appreciation
included in net earnings .................................................................... (637) (1,363) (3,955)
Applicable income taxes and minority interests................................... 232 493 1,563
Foreign currency translation adjustments and other .................................. 272 (114) (157)
Applicable income taxes and minority interests................................... (55) 24 49
Minimum pension liability adjustment ...................................................... (279) (35)
Applicable income taxes and minority interests................................... 29 12
Other comprehensive income (loss) .......................................................... $ 1,380 $(4,652) $ 320
Accumulated other comprehensive income at beginning of year .............. 12,891 17,543 17,223
Accumulated other comprehensive income at end of year ........................ $14,271 $12,891 $17,543
Comprehensive Income
Net earnings............................................................................................... $ 4,286 $ 795 $ 3,328
Other comprehensive income (loss) .......................................................... 1,380 (4,652) 320
Total comprehensive income (loss) ........................................................... $ 5,666 $(3,857) $ 3,648
See accompanying Notes to Consolidated Financial Statements