Macy's 2015 Annual Report Download - page 95

Download and view the complete annual report

Please find page 95 of the 2015 Macy's annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 108

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
F-46
Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of
temporary cash investments. The Company places its temporary cash investments in what it believes to be high credit
quality financial instruments.
14. Earnings Per Share Attributable to Macy's, Inc. Shareholders
The following table sets forth the computation of basic and diluted earnings per share attributable to Macy's, Inc.
shareholders:
2015 2014 2013
Net
Income Shares
Net
Income Shares
Net
Income Shares
(millions, except per share data)
Net income attributable to
Macy's, Inc. shareholders
and average number of
shares outstanding ................. $ 1,072 327.6 $ 1,526 354.3 $ 1,486 377.3
Shares to be issued under
deferred compensation
and other plans....................... 0.8 0.9 1.0
$ 1,072 328.4 $ 1,526 355.2 $ 1,486 378.3
Basic earnings per share
attributable to Macy's,
Inc. shareholders ............... $ 3.26 $ 4.30 $ 3.93
Effect of dilutive securities:
Stock options, restricted
stock and restricted
stock units ......................... 4.6 6.5 6.5
$ 1,072 333.0 $ 1,526 361.7 $ 1,486 384.8
Diluted earnings per share
attributable to Macy's,
Inc. shareholders ............... $ 3.22 $ 4.22 $ 3.86
In addition to the stock options, restricted stock and restricted stock units reflected in the foregoing table, stock
options to purchase 12.6 million of shares of common stock and restricted stock units relating to 140,000 shares of
common stock were outstanding at January 30, 2016, stock options to purchase 3.2 million of shares of common stock and
restricted stock units relating to 0.6 million shares of common stock were outstanding at January 31, 2015, and restricted
stock units relating to 0.7 million shares of common stock were outstanding at February 1, 2014, but were not included in
the computation of diluted earnings per share attributable to Macy's, Inc. shareholders for 2015, 2014 and 2013,
respectively, because their inclusion would have been antidilutive or they were subject to performance conditions that had
not been met.