Activision 2012 Annual Report Download - page 71

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53
Long-lived assets by geographic region at December 31, 2012, 2011, and 2010 were as follows (amounts in millions):
Years Ended
December 31,
2012
2011
2010
Long-lived assets* by geographic region:
North America ...................................................................................................................
$90
$105
$113
Europe ................................................................................................................................
40
46
46
Asia Pacific ........................................................................................................................
11
12
10
Total long-lived assets by geographic region .........................................................................
$141
$163
$169
* The only long-lived assets that we classify by region are our long term tangible fixed assets, which only include property,
plant and equipment assets; all other long term assets are not allocated by location.
For information regarding significant customers, see “Concentration of Credit Risk” in Note 2 of the Notes to Consolidated Financial
Statements.
14. Computation of Basic/Diluted Earnings Per Common Share
The following table sets forth the computation of basic and diluted earnings per common share (amounts in millions, except per share
data):
Years Ended December 31,
2012
2011
2010
Numerator:
Consolidated net income .............................................................................................................................................................
$1,149
$1,085
$418
Less: Distributed earnings to unvested stock-based awards that participate in earnings ......................................................
(4)
(3)
(2)
Less: Undistributed earnings allocated to unvested stock-based awards that participate in earnings ................................
(20)
(13)
(2)
Numerator for basic and diluted earnings per common share—income available to common shareholders ............................
$1,125
$1,069
$414
Denominator:
Denominator for basic earnings per common share—weighted-average common shares outstanding ................................
1,112
1,148
1,222
Effect of potential dilutive common shares under the treasury stock method: Employee stock options ................................
6
8
14
Denominator for diluted earnings per common share—weighted-average common shares outstanding plus
dilutive effect of employee stock options .........................................................................................................................
1,118
1,156
1,236
Basic earnings per common share ....................................................................................................................................................
$1.01
$0.93
$0.34
Diluted earnings per common share .................................................................................................................................................
$1.01
$0.92
$0.33
Our unvested restricted stock rights (including restricted stock units, restricted stock awards, and performance shares) are considered
participating securities since these securities have non-forfeitable rights to dividends or dividend equivalents during the contractual period of the
award. Since the unvested restricted stock rights are considered participating securities, we are required to use the two-class method in our
computation of basic and diluted earnings per common share. For the years ended December 31, 2012 and 2011, we had outstanding unvested
restricted stock rights with respect to 24 million and 17 million shares of common stock on a weighted-average basis, respectively.
Potential common shares are not included in the denominator of the diluted earnings per common share calculation when inclusion of
such shares would be anti-dilutive. Therefore, options to acquire 25 million shares of common stock were not included in the calculation of
diluted earnings per common share for the years ended December 31, 2012, 2011, and 2010, as the effect of their inclusion would be anti-dilutive.