CVS 2011 Annual Report Download - page 77

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CVS CAREMARK 75 2011 ANNUAL REPORT
15 EARNINGS PER COMMON SHARE
The following is a reconciliation of basic and diluted earnings per common share for the respective years:
in millions, except per share amounts 2011 2010 2009
Numerator for earnings per common share calculation:
Income from continuing operations $ 3,488 $ 3,422 $ 3,700
Net loss attributable to noncontrolling interest 4 3 —
Income from continuing operations attributable to CVS Caremark, basic 3,492 3,425 3,700
Income (loss) from discontinued operations, net of tax (31) 2 (4)
Net income attributable to CVS Caremark, basic and diluted $ 3,461 $ 3,427 $ 3,696
Denominator for earnings per common share calculation:
Weighted average common shares, basic 1,338 1,367 1,434
Preference stock — — 1
Stock options 8 8 10
Restricted stock units 1 2 5
Weighted average common shares, diluted 1,347 1,377 1,450
Basic earnings per common share:
Income from continuing operations attributable to CVS Caremark $ 2.61 $ 2.51 $ 2.58
Loss from discontinued operations attributable to CVS Caremark (0.02) — —
Net income attributable to CVS Caremark $ 2.59 $ 2.51 $ 2.58
Diluted earnings per common share:
Income from continuing operations attributable to CVS Caremark $ 2.59 $ 2.49 $ 2.55
Loss from discontinued operations attributable to CVS Caremark (0.02) — —
Net income attributable to CVS Caremark $ 2.57 $ 2.49 $ 2.55
127087_Financial.indd 75 3/9/12 9:42 PM