MetLife 2013 Annual Report Download - page 218

MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)
22. Quarterly Results of Operations (Unaudited)
The unaudited quarterly results of operations for 2013 and 2012 are summarized in the table below:
Three Months Ended
March 31, June 30, September 30, December 31,
(In millions, except per share data)
2013:
Total revenues ................................................................. $17,683 $15,721 $16,337 $18,458
Total expenses ................................................................. $16,436 $15,160 $15,361 $17,190
Income (loss) from continuing operations, net of income tax .............................. $ 995 $ 508 $ 973 $ 915
Income (loss) from discontinued operations, net of income tax ............................ $ (3) $ 2 $ 2 $ 1
Net income (loss) ............................................................... $ 992 $ 510 $ 975 $ 916
Less: Net income (loss) attributable to noncontrolling interests ............................ $ 6 $ 8 $ 3 $ 8
Net income (loss) attributable to MetLife, Inc. .......................................... $ 986 $ 502 $ 972 $ 908
Less: Preferred stock dividends .................................................... $ 30 $ 31 $ 30 $ 31
Net income (loss) available to MetLife, Inc.’s common shareholders ........................ $ 956 $ 471 $ 942 $ 877
Basic earnings per common share:
Income (loss) from continuing operations, net of income tax, available to MetLife, Inc.’s common
shareholders ............................................................... $ 0.87 $ 0.43 $ 0.85 $ 0.78
Income (loss) from discontinued operations, net of income tax, attributable to MetLife, Inc. ..... $ — $ — $ — $ —
Net income (loss) attributable to MetLife, Inc. ........................................ $ 0.90 $ 0.46 $ 0.88 $ 0.81
Net income (loss) available to MetLife, Inc.’s common shareholders ...................... $ 0.87 $ 0.43 $ 0.85 $ 0.78
Diluted earnings per common share:
Income (loss) from continuing operations, net of income tax, available to MetLife, Inc.’s common
shareholders ............................................................... $ 0.87 $ 0.43 $ 0.84 $ 0.77
Income (loss) from discontinued operations, net of income tax, attributable to MetLife, Inc. ..... $ — $ — $ — $ —
Net income (loss) attributable to MetLife, Inc. ........................................ $ 0.89 $ 0.45 $ 0.87 $ 0.80
Net income (loss) available to MetLife, Inc.’s common shareholders ...................... $ 0.87 $ 0.43 $ 0.84 $ 0.77
2012:
Total revenues ................................................................. $15,916 $18,398 $16,503 $17,333
Total expenses ................................................................. $16,325 $15,060 $17,513 $17,810
Income (loss) from continuing operations, net of income tax .............................. $ (134) $ 2,300 $ (957) $ 105
Income (loss) from discontinued operations, net of income tax ............................ $ 14 $ 3 $ — $ 31
Net income (loss) ............................................................... $ (120) $ 2,303 $ (957) $ 136
Less: Net income (loss) attributable to noncontrolling interests ............................ $ 24 $ 8 $ (3) $ 9
Net income (loss) attributable to MetLife, Inc. .......................................... $ (144) $ 2,295 $ (954) $ 127
Less: Preferred stock dividends .................................................... $ 30 $ 31 $ 30 $ 31
Net income (loss) available to MetLife, Inc.’s common shareholders ........................ $ (174) $ 2,264 $ (984) $ 96
Basic earnings per common share:
Income (loss) from continuing operations, net of income tax, available to MetLife, Inc.’s common
shareholders ............................................................... $ (0.17) $ 2.13 $ (0.92) $ 0.06
Income (loss) from discontinued operations, net of income tax, attributable to MetLife, Inc. ..... $ 0.01 $ — $ — $ 0.03
Net income (loss) attributable to MetLife, Inc. ........................................ $ (0.14) $ 2.16 $ (0.90) $ 0.12
Net income (loss) available to MetLife, Inc.’s common shareholders ...................... $ (0.16) $ 2.13 $ (0.92) $ 0.09
Diluted earnings per common share:
Income (loss) from continuing operations, net of income tax, available to MetLife, Inc.’s common
shareholders ............................................................... $ (0.17) $ 2.12 $ (0.92) $ 0.06
Income (loss) from discontinued operations, net of income tax, attributable to MetLife, Inc. ..... $ 0.01 $ — $ — $ 0.03
Net income (loss) attributable to MetLife, Inc. ........................................ $ (0.14) $ 2.14 $ (0.90) $ 0.12
Net income (loss) available to MetLife, Inc.’s common shareholders ...................... $ (0.16) $ 2.12 $ (0.92) $ 0.09
210 MetLife, Inc.