MetLife 2009 Annual Report Download - page 206

20. Earnings Per Common Share
The following table presents the weighted average shares used in calculating basic earnings per common share and those used in
calculating diluted earnings per common share for each income category presented below:
2009 2008 2007
Years Ended December 31,
(In millions, except share and per share data)
Weighted Average Shares:
Weighted average common stock outstanding for basic earnings per
common share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 818,462,150 735,184,337 744,153,514
Incremental common shares from assumed:
Stock purchase contracts underlying common equity units(1) . . . . — 2,043,553 7,138,900
Exercise or issuance of stock-based awards(2) . . . . . . . . . . . . . — 7,557,540 10,971,585
Weighted average common stock outstanding for diluted earnings
per common share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 818,462,150 744,785,430 762,263,999
Income (Loss) from Continuing Operations:
Income (loss) from continuing operations, net of income tax . . . . . . $ (2,318) $ 3,481 $ 4,105
Less: Income (loss) attributable to noncontrolling interests, net of
incometax ................................... (32) (25) 7
Less:Preferredstockdividends....................... 122 125 137
Income (loss) from continuing operations, net of income tax,
available to MetLife, Inc.’s common shareholders . . . . . . . . . . $ (2,408) $ 3,381 $ 3,961
Basic ........................................ $ (2.94) $ 4.60 $ 5.32
Diluted ....................................... $ (2.94) $ 4.54 $ 5.20
Income from Discontinued Operations:
Income (loss) from discontinued operations, net of income tax . . . . . $ 40 $ (203) $ 360
Less: Income from discontinued operations, net of income tax,
attributabletononcontrollinginterests.................. — 94 141
Income (loss) from discontinued operations, net of income tax,
available to MetLife, Inc.’s common shareholders . . . . . . . . . . . . $ 40 $ (297) $ 219
Basic ........................................ $ 0.05 $ (0.41) $ 0.30
Diluted ....................................... $ 0.05 $ (0.40) $ 0.28
Net Income (Loss):
Netincome(loss).................................. $ (2,278) $ 3,278 $ 4,465
Less: Net income (loss) attributable to noncontrolling interests . . . (32) 69 148
Less:Preferredstockdividends....................... 122 125 137
Net income (loss) available to MetLife, Inc.’s common
shareholders ................................... $ (2,368) $ 3,084 $ 4,180
Basic ........................................ $ (2.89) $ 4.19 $ 5.62
Diluted ....................................... $ (2.89) $ 4.14 $ 5.48
(1) See Note 14 for a description of the Company’s common equity units.
(2) For the year ended December 31, 2009, 4,213,700 shares related to the exercise or issuance of stock-based awards have been
excluded from the calculation of diluted earnings per common share as these shares are anti-dilutive.
F-122 MetLife, Inc.
MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)