Berkshire Hathaway 2012 Annual Report Download - page 32

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BERKSHIRE HATHAWAY INC.
and Subsidiaries
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(dollars in millions)
2012 2011 2010
Net earnings ............................................................... $15,312 $10,746 $13,494
Other comprehensive income:
Net change in unrealized appreciation of investments ........................... 15,700 (2,146) 5,398
Applicable income taxes ................................................. (5,434) 811 (1,866)
Reclassification of investment appreciation in net earnings ...................... (953) (1,245) (1,068)
Applicable income taxes ................................................. 334 436 374
Foreign currency translation .............................................. 276 (126) (172)
Applicable income taxes ................................................. (9) (18) (21)
Prior service cost and actuarial gains/losses of defined benefit plans ............... 5 (1,121) (76)
Applicable income taxes ................................................. (26) 401 25
Other, net ............................................................. (32) (104) 204
Other comprehensive income, net .............................................. 9,861 (3,112) 2,798
Comprehensive income .......................................................... 25,173 7,634 16,292
Comprehensive income attributable to noncontrolling interests ........................... 503 385 536
Comprehensive income attributable to Berkshire Hathaway shareholders ................... $24,670 $ 7,249 $15,756
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
(dollars in millions)
Berkshire Hathaway shareholders’ equity
Total
Common stock
and capital in
excess of par
value
Accumulated
other
comprehensive
income
Retained
earnings
Treasury
stock
Non-
controlling
interests
Balance at December 31, 2009 ...................... $27,082 $17,793 $ 86,227 $ — $ 4,683 $135,785
Net earnings ................................ — — 12,967 — 527 13,494
Other comprehensive income, net ................ — 2,789 — — 9 2,798
Issuance of common stock and other transactions . . . 11,096 — — — — 11,096
Changes in noncontrolling interests:
Interests acquired and other transactions ...... (637) 1 — — 397 (239)
Balance at December 31, 2010 ...................... 37,541 20,583 99,194 — 5,616 162,934
Net earnings ................................ — — 10,254 — 492 10,746
Other comprehensive income, net ................ — (3,005) — — (107) (3,112)
Issuance and repurchase of common stock ......... 355 — — (67) — 288
Changes in noncontrolling interests:
Interests acquired and other transactions ...... (81) 76 — — (1,890) (1,895)
Balance at December 31, 2011 ...................... 37,815 17,654 109,448 (67) 4,111 168,961
Net earnings ................................ — — 14,824 — 488 15,312
Other comprehensive income, net ................ — 9,846 — — 15 9,861
Issuance and repurchase of common stock ......... 118 — — (1,296) — (1,178)
Changes in noncontrolling interests:
Interests acquired and other transactions ...... (695) — — — (673) (1,368)
Balance at December 31, 2012 ...................... $37,238 $27,500 $124,272 $(1,363) $ 3,941 $191,588
See accompanying Notes to Consolidated Financial Statements
30