Berkshire Hathaway 2007 Annual Report Download - page 29

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28
BERKSHIRE HATHAWAY INC.
and Subsidiaries
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
AND COMPREHENSIVE INCOME
(dollars in millions)
Year Ended December 31,
2007 2006 2005
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 ..................................................................... $26,522 $26,399 $26,268
Issuance of Class A and B shares and SQUARZ warrant premiums ......... 430 123 131
Balance at end of year................................................................................ $26,952 $26,522 $26,399
Retained Earnings
Balance at beginning of year ..................................................................... $58,912 $47,717 $39,189
Adoption of new accounting pronouncements........................................... 28 180 —
Net earnings ............................................................................................... 13,213 11,015 8,528
Balance at end of year................................................................................ $72,153 $58,912 $47,717
Accumulated Other Comprehensive Income
Unrealized appreciation of investments..................................................... $ 2,523 $ 9,278 $ 2,081
Applicable income taxes ...................................................................... (872) (3,246) (728)
Reclassification adjustment of investment appreciation
included in net earnings .................................................................... (5,494) (1,646) (6,261)
Applicable income taxes ...................................................................... 1,923 576 2,191
Foreign currency translation adjustments .................................................. 456 603 (359)
Applicable income taxes ...................................................................... (26) 1 (26)
Prior service cost and actuarial gains/losses of defined benefit plans........ 257 563 (62)
Applicable income taxes ...................................................................... (102) (196) 38
Other, including minority interests ............................................................ (22) (13) 51
Other comprehensive income .................................................................... (1,357) 5,920 (3,075)
Adoption of SFAS 158 .............................................................................. — (303) —
Accumulated other comprehensive income at beginning of year .............. 22,977 17,360 20,435
Accumulated other comprehensive income at end of year ........................ $21,620 $22,977 $17,360
Comprehensive Income
Net earnings............................................................................................... $13,213 $11,015 $ 8,528
Other comprehensive income .................................................................... (1,357) 5,920 (3,075)
Total comprehensive income..................................................................... $11,856 $16,935 $ 5,453
See accompanying Notes to Consolidated Financial Statements