Occidental Petroleum 2012 Annual Report Download - page 62
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EARNINGS PER SHARE
In millions, except per-share amounts
2011
2010
Income from continuing operations
$6,640
$4,641
Less: Income from continuing operations attributable to noncontrolling interest
—
(72)
Income from continuing operations attributable to common stock
6,640
4,569
Discontinued operations, net
131
(39)
Net income attributable to common stock
6,771
4,530
Less: Net income allocated to participating securities
(11)
(6)
Net income attributable to common stock, net of participating securities
$6,760
$4,524
Weighted average number of basic shares
812.1
812.5
$8.32
$5.57
Net income attributable to common stock, net of participating securities
$6,760
$4,524
Weighted average number of basic shares
812.1
812.5
Dilutive effect of potentially dilutive securities
0.8
1.3
Total diluted weighted average common shares
812.9
813.8
$8.32
$5.56
(a) Includes after-tax charges of $1.1 billion for the impairment of domestic gas assets and related items.
ACCUMULATED OTHER COMPREHENSIVE LOSS
Balance at December 31, (in millions)
2011
Foreign currency translation adjustments
$(9)
Unrealized gains (losses) on derivatives
1
Pension and post-retirement adjustments (a)
(475)
Total
$(483)
(a) See Note 13 for further information.
NOTE 12 STOCK-BASED INCENTIVE PLANS
For the years ended December 31, (in millions)
2011
2010
Compensation expense
$110
$136
Income tax benefit recognized in the income statement
$ 40
$50
Intrinsic value of options and stock-settled SARs exercised
$21
$ 74
Cash paid (a)
$124
$ 97
Fair value of RSUs and TSRIs vested during the year (b)
$53
$19
(a) Includes cash paid under the cash-settled portion of the SARs, RSUs and TSRIs.
(b) As measured on the vesting date for the stock-settled portion of the RSUs and TSRIs.