Berkshire Hathaway 2014 Annual Report Download - page 52

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BERKSHIRE HATHAWAY INC.
and Subsidiaries
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(dollars in millions)
Year Ended December 31,
2014 2013 2012
Net earnings ................................................................... $20,170 $19,845 $15,312
Other comprehensive income:
Net change in unrealized appreciation of investments ............................... 5,831 25,111 15,700
Applicable income taxes ..................................................... (2,062) (8,691) (5,434)
Reclassification of investment appreciation in net earnings .......................... (3,360) (2,447) (953)
Applicable income taxes ..................................................... 1,176 856 334
Foreign currency translation .................................................. (2,032) (82) 276
Applicable income taxes ..................................................... 183 34 (9)
Prior service cost and actuarial gains/losses of defined benefit pension plans ............ (1,703) 2,602 5
Applicable income taxes ..................................................... 624 (950) (26)
Other, net ................................................................. 8 138 (32)
Other comprehensive income, net .................................................. (1,335) 16,571 9,861
Comprehensive income .......................................................... 18,835 36,416 25,173
Comprehensive income attributable to noncontrolling interests ........................... 256 394 503
Comprehensive income attributable to Berkshire Hathaway shareholders ................... $18,579 $36,022 $24,670
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, 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
Net earnings ........................... — — 19,872 — 298 20,170
Other comprehensive income, net .......... — (1,293) — — (42) (1,335)
Issuance (acquisition) of common stock ...... 118 — — (400) — (282)
Transactions with noncontrolling interests .... (17) — — — 6 (11)
Balance at December 31, 2014 ................. $35,581 $42,732 $163,620 $(1,763) $ 2,857 $243,027
See accompanying Notes to Consolidated Financial Statements
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