American Airlines 2002 Annual Report Download - page 84

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82
14. Earnings Per Share
The following table sets forth the computation of basic and diluted earnings (loss) per share (in millions,
except per share amounts):
Year Ended December 31,
2002 2001 2000
Numerator:
Numerator for earnings (loss) per share -
income (loss) from continuing operations
before extraordinary loss and cumulative
effect of accounting change $ (2,523) $ (1,762) $ 779
Denominator:
Denominator for basic earnings (loss) per
share – weighted-average shares 156 154 150
Effect of dilutive securities:
Employee options and shares - - 27
Assumed treasury shares purchased - - (15)
Dilutive potential common shares - - 12
Denominator for diluted earnings (loss) per
share - adjusted weighted-average shares 156 154 162
Basic earnings (loss) per share from continuing
operations before extraordinary loss and
cumulative effect of accounting change $ (16.22) $ (11.43) $ 5.20
Diluted earnings (loss) per share from continuing
operations before extraordinary loss and
cumulative effect of accounting change $ (16.22) $ (11.43) $ 4.81
For the years ended December 31, 2002 and 2001, approximately four million and 11 million potential
dilutive shares, respectively, were not added to the denominator because inclusion of such shares would be
antidilutive.