CVS 2007 Annual Report Download - page 71

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67 I 2007 Annual Report
Reconciliation of Earnings per Common Share
Following is a reconciliation of basic and diluted earnings per common share for the respective years:
In millions, except per share amounts 2007 2006 2005
NUMERATOR FOR EARNINGS PER COMMON SHARE CALCULATION:
Net earnings $ 2,637.0 $ 1,368.9 $ 1,224.7
Preference dividends, net of income tax benefit (14.2) (13.9) (14.1)
Net earnings available to common shareholders, basic $ 2,622.8 $ 1,355.0 $ 1,210.6
Net earnings $ 2,637.0 $ 1,368.9 $ 1,224.7
Dilutive earnings adjustment (3.6) (4.2) (4.4)
Net earnings available to common shareholders, diluted $ 2,633.4 $ 1,364.7 $ 1,220.3
DENOMINATOR FOR EARNINGS PER COMMON SHARE CALCULATION:
Weighted average common shares, basic 1,328.2 820.6 811.4
Preference stock 18.0 18.8 19.5
Stock options 22.3 11.5 9.9
Restricted stock units 3.3 2.3 0.8
Weighted average common shares, diluted 1,371.8 853.2 841.6
BASIC EARNINGS PER COMMON SHARE:
Net earnings $ 1.97 $ 1.65 $ 1.49
DILUTED EARNINGS PER COMMON SHARE:
Net earnings $ 1.92 $ 1.60 $ 1.45
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