Ally Bank 2011 Annual Report Download - page 123

Table of Contents
Consolidated Statement of Income
Ally Financial Inc. • Form 10−K
Year ended December 31, ($ in millions except per share data) 2011 2010 2009
Net loss attributable to common shareholders
Net (loss) income from continuing operations $ (112) $ 986 $ (6,983)
Preferred stock dividends — U.S. Department of Treasury (534) (963) (855)
Preferred stock dividends (260) (282) (370)
Impact of preferred stock conversion and related amendment — (616) —
Impact of preferred stock amendment 32 — —
Net loss from continuing operations attributable to common shareholders (a) (874) (875) (8,208)
(Loss) income from discontinued operations, net of tax (45) 89 (3,315)
Net loss attributable to common shareholders $ (919) $ (786) $ (11,523)
Basic weighted−average common shares outstanding 1,330,970 800,597 529,392
Diluted weighted−average common shares outstanding (a) 1,330,970 800,597 529,392
Basic earnings per common share
Net loss from continuing operations $ (658) $ (1,092) $ (15,503)
(Loss) income from discontinued operations, net of tax (33) 111 (6,262)
Net loss $ (691) $ (981) $ (21,765)
Diluted earnings per common share (a)
Net loss from continuing operations $ (658) $ (1,092) $ (15,503)
(Loss) income from discontinued operations, net of tax (33) 111 (6,262)
Net loss $ (691) $ (981) $ (21,765)
(a) Due to the antidilutive effect of converting the Fixed Rate Cumulative Mandatorily Convertible Preferred Stock into common shares and the net loss attributable to common
shareholders for 2011, 2010, and 2009, income attributable to common shareholders and basic weighted−average common shares outstanding were used to calculate basic and
diluted earnings per share.
The Notes to the Consolidated Financial Statements are an integral part of these statements.
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