Berkshire Hathaway 2013 Annual Report Download - page 32

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BERKSHIRE HATHAWAY INC.
and Subsidiaries
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(dollars in millions)
Year Ended December 31,
2013 2012 2011
Net earnings ................................................................... $19,845 $15,312 $10,746
Other comprehensive income:
Net change in unrealized appreciation of investments ............................... 25,111 15,700 (2,146)
Applicable income taxes ..................................................... (8,691) (5,434) 811
Reclassification of investment appreciation in net earnings .......................... (2,447) (953) (1,245)
Applicable income taxes ..................................................... 856 334 436
Foreign currency translation .................................................. (82) 276 (126)
Applicable income taxes ..................................................... 34 (9) (18)
Prior service cost and actuarial gains/losses of defined benefit pension plans ............ 2,602 5 (1,121)
Applicable income taxes ..................................................... (950) (26) 401
Other, net ................................................................. 138 (32) (104)
Other comprehensive income, net .................................................. 16,571 9,861 (3,112)
Comprehensive income .......................................................... 36,416 25,173 7,634
Comprehensive income attributable to noncontrolling interests ........................... 394 503 385
Comprehensive income attributable to Berkshire Hathaway shareholders ................... $36,022 $24,670 $ 7,249
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, 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 (repurchase) of common stock ..... 355 — — (67) — 288
Transactions with noncontrolling interests . . . (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 (repurchase) of common stock ..... 118 — — (1,296) — (1,178)
Transactions with noncontrolling interests . . . (695) — — — (673) (1,368)
Balance at December 31, 2012 ................ 37,238 27,500 124,272 (1,363) 3,941 191,588
Net earnings .......................... — — 19,476 — 369 19,845
Other comprehensive income, net .......... — 16,546 — — 25 16,571
Issuance of common stock ............... 92 — — — — 92
Transactions with noncontrolling interests . . . (1,850) (21) — — (1,740) (3,611)
Balance at December 31, 2013 ................ $35,480 $44,025 $143,748 $(1,363) $ 2,595 $224,485
See accompanying Notes to Consolidated Financial Statements
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