DIRECTV 2009 Annual Report Download - page 122

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DIRECTV
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(continued)
The following table sets forth comparative information regarding common shares outstanding:
2009 2008 2007
(Shares in Millions)
Common shares outstanding at January 1 ............................ 1,024 1,148 1,226
Decrease for common shares repurchased and retired ................... (71) (131) (86)
Liberty Transaction adjustment .................................... (26) — —
Increase for stock options exercised and restricted stock units vested and
distributed .................................................678
Common shares outstanding at December 31 .......................... 933 1,024 1,148
Weighted average number of common shares outstanding ................. 985 1,110 1,195
The reconciliation of the amounts used in the basic and diluted EPS computation was as follows:
Income Shares Per Share Amounts
(Dollars and Shares in Millions, Except
Per Share Amounts)
Year Ended December 31, 2009:
Basic EPS
Income from continuing operations attributable to DIRECTV . . . $ 942 985 $ 0.96
Effect of Dilutive Securities
Dilutive effect of stock options and restricted stock units ....... — 7 (0.01)
Diluted EPS
Adjusted income from continuing operations attributable to
DIRECTV ....................................... $ 942 992 $0.95
Year Ended December 31, 2008:
Basic EPS
Income from continuing operations attributable to DIRECTV . . . $1,515 1,110 $ 1.36
Effect of Dilutive Securities
Dilutive effect of stock options and restricted stock units ....... — 4 —
Diluted EPS
Adjusted income from continuing operations attributable to
DIRECTV ....................................... $1,515 1,114 $ 1.36
Year Ended December 31, 2007:
Basic EPS
Income from continuing operations attributable to DIRECTV . . . $1,434 1,195 $ 1.20
Effect of Dilutive Securities
Dilutive effect of stock options and restricted stock units ....... — 7 —
Diluted EPS
Adjusted income from continuing operations attributable to
DIRECTV ....................................... $1,434 1,202 $ 1.20
110