Berkshire Hathaway 2006 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,
2006 2005 2004
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 ..................................................................... $26,399 $26,268 $26,151
Exercise of stock options issued in connection with business
acquisitions and SQUARZ warrant premiums.................................. 123 131 117
Balance at end of year................................................................................ $26,522 $26,399 $26,268
Retained Earnings
Balance at beginning of year ..................................................................... $47,717 $39,189 $31,881
Adoption of FTB 85-4-1............................................................................ 180 — —
Net earnings ............................................................................................... 11,015 8,528 7,308
Balance at end of year................................................................................ $58,912 $47,717 $39,189
Accumulated Other Comprehensive Income
Unrealized appreciation of investments..................................................... $ 9,278 $ 2,081 $ 2,599
Applicable income taxes ...................................................................... (3,246) (728) (905)
Reclassification adjustment for appreciation
included in net earnings .................................................................... (1,646) (6,261) (1,569)
Applicable income taxes ...................................................................... 576 2,191 549
Foreign currency translation adjustments .................................................. 603 (359) 140
Applicable income taxes ...................................................................... 1 (26) 134
Minimum pension liability adjustment ...................................................... 563 (62) (38)
Applicable income taxes ...................................................................... (196) 38 3
Other, including minority interests ............................................................ (13) 51 (34)
Other comprehensive income .................................................................... 5,920 (3,075) 879
Adoption of SFAS 158 .............................................................................. (303) — —
Accumulated other comprehensive income at beginning of year .............. 17,360 20,435 19,556
Accumulated other comprehensive income at end of year ........................ $22,977 $17,360 $20,435
Comprehensive Income
Net earnings............................................................................................... $11,015 $ 8,528 $ 7,308
Other comprehensive income .................................................................... 5,920 (3,075) 879
Total comprehensive income..................................................................... $16,935 $ 5,453 $ 8,187
See accompanying Notes to Consolidated Financial Statements