Tyson Foods 2015 Annual Report Download - page 67
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Please find page 67 of the 2015 Tyson Foods 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.NOTE 11: EARNINGS PER SHARE
Theearningsandweightedaveragecommonsharesusedinthecomputationofbasicanddilutedearningspershareareasfollows:
inmillions,exceptpersharedata
2015
2014
2013
Numerator:
Incomefromcontinuingoperations $ 1,224
$ 856
$ 848
Less:Netincome(loss)attributabletononcontrollinginterests 4
(8)
—
NetincomefromcontinuingoperationsattributabletoTyson 1,220
864
848
Lessdividendsdeclared:
ClassA 129
94
87
ClassB 26
21
19
Undistributedearnings $ 1,065
$ 749
$ 742
ClassAundistributedearnings $ 896
$ 612
$ 606
ClassBundistributedearnings 169
137
136
Totalundistributedearnings $ 1,065
$ 749
$ 742
Denominator:
Denominatorforbasicearningspershare:
ClassAweightedaverageshares 335
284
282
ClassBweightedaverageshares,andsharesunderif-convertedmethodfordilutedearningsper
share 70
70
70
Effectofdilutivesecurities:
Stockoptionsandrestrictedstock 5
5
5
TangibleEquityUnits 3
1
—
Convertible2013Notes —
—
7
Warrants —
4
3
Denominatorfordilutedearningspershare–adjustedweightedaveragesharesandassumed
conversions 413
364
367
NetIncomePerSharefromContinuingOperationsAttributabletoTyson:
ClassABasic $ 3.06
$ 2.48
$ 2.46
ClassBBasic $ 2.79
$ 2.26
$ 2.22
Diluted $ 2.95
$ 2.37
$ 2.31
NetIncomePerShareAttributabletoTyson:
ClassABasic $ 3.06
$ 2.48
$ 2.26
ClassBBasic $ 2.79
$ 2.26
$ 2.04
Diluted $ 2.95
$ 2.37
$ 2.12
Wehadapproximately5millionand4millionofourstock-basedcompensationsharesthatwereantidilutiveforfiscal2015and2014,respectively.Wehadno
stock-basedcompensationsharesthatwereantidilutiveforfiscal2013.Theseshareswerenotincludedinthedilutiveearningspersharecalculation.
Wehavetwoclassesofcapitalstock,ClassAstockandClassBstock.CashdividendscannotbepaidtoholdersofClassBstockunlesstheyaresimultaneously
paidtoholdersofClassAstock.ThepershareamountofcashdividendspaidtoholdersofClassBstockcannotexceed90%ofthecashdividendspaidtoholders
ofClassAstock.
Weallocateundistributedearningsbasedupona1to0.9ratiopersharetoClassAstockandClassBstock,respectively.Weallocateundistributedearningsbased
onthisratioduetohistoricaldividendpatterns,votingcontrolofClassBshareholdersandcontractuallimitationsofdividendstoClassBstock.
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