Berkshire Hathaway 2009 Annual Report Download - page 29

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BERKSHIRE HATHAWAY INC.
and Subsidiaries
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
AND COMPREHENSIVE INCOME
(dollars in millions)
Berkshire Hathaway shareholders’ equity
Non-
controlling
interests
Common stock
and capital in
excess of par
value
Accumulated
other
comprehensive
income
Retained
earnings Total
Balance at December 31, 2006 ............................... $26,530 $ 22,977 $58,912 $108,419 $2,262
Net earnings .......................................... — — 13,213 13,213 354
Other comprehensive income, net ......................... — (1,357) — (1,357) 35
Issuance of common stock and other transactions ............ 430 — — 430 —
Adoption of new accounting pronouncements ............... — — 28 28 —
Changes in noncontrolling interests:
Interests acquired and other transactions ............... — — — — 17
Balance at December 31, 2007 ............................... 26,960 21,620 72,153 120,733 2,668
Net earnings .......................................... — — 4,994 4,994 602
Other comprehensive income, net ......................... — (17,267) — (17,267) (255)
Adoption of equity method .............................. — (399) 1,025 626 —
Issuance of common stock and other transactions ............ 181 — — 181 —
Adoption of new accounting pronouncements ............... — — — — 128
Changes in noncontrolling interests:
Business acquisitions ............................... — — — — 1,568
Interests acquired and other transactions ............... — — — — (271)
Balance at December 31, 2008 ............................... 27,141 3,954 78,172 109,267 4,440
Net earnings .......................................... — — 8,055 8,055 386
Other comprehensive income, net ......................... — 13,729 — 13,729 199
Issuance of common stock and other transactions ............ 172 — — 172 —
Changes in noncontrolling interests:
Interests acquired and other transactions ............... (231) 110 — (121) (342)
Balance at December 31, 2009 ............................... $27,082 $ 17,793 $86,227 $131,102 $4,683
2009 2008 2007
Comprehensive income attributable to Berkshire:
Net earnings ................................................................. $ 8,055 $ 4,994 $13,213
Other comprehensive income:
Net change in unrealized appreciation of investments ............................. 17,607 (23,342) 2,523
Applicable income taxes .................................................... (6,263) 8,257 (872)
Reclassification of investment appreciation in net earnings ......................... 2,768 895 (5,494)
Applicable income taxes .................................................... (969) (313) 1,923
Foreign currency translation ................................................ 851 (2,140) 456
Applicable income taxes .................................................... (17) 118 (26)
Prior service cost and actuarial gains/losses of defined benefit plans ................. (41) (1,071) 257
Applicable income taxes .................................................... (1) 389 (102)
Other ................................................................... (206) (60) (22)
Other comprehensive income, net ................................................ 13,729 (17,267) (1,357)
Comprehensive income attributable to Berkshire ......................................... $21,784 $(12,273) $11,856
Comprehensive income of noncontrolling interests ....................................... $ 585 $ 347 $ 389
See accompanying Notes to Consolidated Financial Statements
27