Berkshire Hathaway 2011 Annual Report Download - page 30

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BERKSHIRE HATHAWAY INC.
and Subsidiaries
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(dollars in millions)
2011 2010 2009
Comprehensive income attributable to Berkshire Hathaway:
Net earnings ............................................................... $10,254 $12,967 $ 8,055
Other comprehensive income:
Net change in unrealized appreciation of investments ........................... (2,146) 5,398 17,607
Applicable income taxes ................................................. 811 (1,866) (6,263)
Reclassification of investment appreciation in net earnings ...................... (1,245) (1,068) 2,768
Applicable income taxes ................................................. 436 374 (969)
Foreign currency translation .............................................. (126) (172) 851
Applicable income taxes ................................................. (18) (21) (17)
Prior service cost and actuarial gains/losses of defined benefit plans ............... (1,121) (76) (41)
Applicable income taxes ................................................. 401 25 (1)
Other, net ............................................................. 3 195 (206)
Other comprehensive income, net .............................................. (3,005) 2,789 13,729
Comprehensive income attributable to Berkshire Hathaway .............................. $ 7,249 $15,756 $21,784
Comprehensive income of noncontrolling interests ..................................... $ 385 $ 536 $ 585
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
Treasury
stock Total
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
Net earnings ................................. — — 10,254 — 10,254 492
Other comprehensive income, net ................ — (3,005) — — (3,005) (107)
Issuance and repurchase of common stock .......... 355 — — (67) 288 —
Changes in noncontrolling interests:
Interests acquired and other transactions ....... (81) 76 — — (5) (1,890)
Balance at December 31, 2011 ....................... $37,815 $17,654 $109,448 $ (67) $164,850 $ 4,111
See accompanying Notes to Consolidated Financial Statements
28