Carnival Cruises 2010 Annual Report Download - page 34

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NOTE 13 – Earnings Per Share
Our basic and diluted earnings per share were computed as follows (in millions, except per share data):
Years Ended November 30,
2010 2009 2008
Net income ........................................................... $1,978 $1,790 $2,324
Interest on dilutive convertible notes ....................................... 11 12 40
Net income for diluted earnings per share ................................... $1,989 $1,802 $2,364
Weighted-average common and ordinary shares outstanding .................... 788 787 786
Dilutive effect of convertible notes ........................................ 14 15 28
Dilutive effect of equity plans ............................................322
Diluted weighted-average shares outstanding ................................ 805 804 816
Basic earnings per share ................................................. $ 2.51 $ 2.27 $ 2.96
Diluted earnings per share ............................................... $ 2.47 $ 2.24 $ 2.90
Anti-dilutive stock options excluded from diluted earnings per share computations . . $ 10 $ 14 $ 12
NOTE 14 – Supplemental Cash Flow Information
Cash paid for interest was $387 million, $403 million and $449 million in fiscal 2010, 2009 and 2008,
respectively. In addition, cash paid for income taxes was $15 million, $27 million and $23 million in fiscal 2010,
2009 and 2008, respectively.
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