git branch in terminal, i/o starts on a new line

.bashrc

# Add git branch if its present to PS1

parse_git_branch() {
 git branch 2> /dev/null | sed -e '/^[^*]/d' -e 's/* \(.*\)/(\1)/'
}
if [ "$color_prompt" = yes ]; then
 PS1='${debian_chroot:+($debian_chroot)}\[\033[01;32m\]\u@\h\[\033[00m\]:\[\033[01;34m\]\w\[\033[01;31m\]$(parse_git_branch)\[\033[00m\]\n$ '
else
 PS1='${debian_chroot:+($debian_chroot)}\u@\h:\w$(parse_git_branch)\$ '
fi