Berkshire Hathaway 2010 Annual Report Download - page 35

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BERKSHIRE HATHAWAY INC.
and Subsidiaries
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
(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, 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
Net earnings ..................................... — — 12,967 12,967 527
Other comprehensive income, net .................... — 2,789 — 2,789 9
Issuance of common stock and other transactions ....... 11,096 — — 11,096 —
Changes in noncontrolling interests:
Interests acquired and other transactions .......... (637) 1 — (636) 397
Balance at December 31, 2010 .......................... $37,541 $ 20,583 $99,194 $157,318 $5,616
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(dollars in millions)
2010 2009 2008
Comprehensive income attributable to Berkshire Hathaway:
Net earnings .............................................................. $12,967 $ 8,055 $ 4,994
Other comprehensive income:
Net change in unrealized appreciation of investments .......................... 5,398 17,607 (23,342)
Applicable income taxes ................................................. (1,866) (6,263) 8,257
Reclassification of investment appreciation in net earnings ...................... (1,068) 2,768 895
Applicable income taxes ................................................. 374 (969) (313)
Foreign currency translation .............................................. (172) 851 (2,140)
Applicable income taxes ................................................. (21) (17) 118
Prior service cost and actuarial gains/losses of defined benefit plans .............. (76) (41) (1,071)
Applicable income taxes ................................................. 25 (1) 389
Other, net ............................................................. 195 (206) (60)
Other comprehensive income, net ............................................. 2,789 13,729 (17,267)
Comprehensive income attributable to Berkshire Hathaway ............................. $15,756 $21,784 $(12,273)
Comprehensive income of noncontrolling interests .................................... $ 536 $ 585 $ 347
See accompanying Notes to Consolidated Financial Statements
33