Berkshire Hathaway 2015 Annual Report Download - page 41

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BERKSHIRE HATHAWAY INC.
and Subsidiaries
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(dollars in millions)
Year Ended December 31,
2015 2014 2013
Net earnings ................................................................... $24,414 $20,170 $19,845
Other comprehensive income:
Net change in unrealized appreciation of investments ............................... (8,520) 5,831 25,111
Applicable income taxes ..................................................... 3,014 (2,062) (8,691)
Reclassification of investment appreciation in net earnings .......................... (2,332) (3,360) (2,447)
Applicable income taxes ..................................................... 816 1,176 856
Foreign currency translation .................................................. (1,931) (2,032) (82)
Applicable income taxes ..................................................... (43) 183 34
Prior service cost and actuarial gains/losses of defined benefit pension plans ............ 424 (1,703) 2,602
Applicable income taxes ..................................................... (140) 624 (950)
Other, net ................................................................. (94) 8 138
Other comprehensive income, net .................................................. (8,806) (1,335) 16,571
Comprehensive income .......................................................... 15,608 18,835 36,416
Comprehensive income attributable to noncontrolling interests ........................... 275 256 394
Comprehensive income attributable to Berkshire Hathaway shareholders ................... $15,333 $18,579 $36,022
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, 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
Net earnings ........................... — — 24,083 — 331 24,414
Other comprehensive income, net .......... — (8,750) — — (56) (8,806)
Issuance of common stock ................ 53 — — — — 53
Transactions with noncontrolling interests .... (6) — — — (55) (61)
Balance at December 31, 2015 ................. $35,628 $33,982 $187,703 $(1,763) $ 3,077 $258,627
See accompanying Notes to Consolidated Financial Statements
39