United Airlines 2012 Annual Report Download - page 97

Table of Contents
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The computations of UAL’s basic and diluted earnings (loss) per share and the number of securities that have been excluded from the computation of diluted
earnings per share amounts because they were antidilutive are set forth below (in millions, except per share amounts):
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Net income (loss) $ (723) $ 840 $ 253
Less: Income allocable to participating securities — (3) (1)
Earnings (loss) available to common stockholders $ (723) $ 837 $ 252
Basic weighted-average shares outstanding 331 329 207
Earnings (loss) per share, basic $ (2.18) $ 2.54 $ 1.22
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Earnings (loss) available to common stockholders $ (723) $ 837 $ 252
Effect of UAL 6% senior convertible notes — 18 18
Effect of Continental 4.5% convertible notes — 9 2
Effect of Continental 5% convertible notes — — 1
Earnings (loss) available to common stockholders including the
effect of dilutive securities $ (723) $ 864 $ 273
Basic weighted-average shares outstanding 331 329 207
Effect of UAL 6% senior convertible notes — 40 40
Effect of Continental 4.5% convertible notes — 12 3
Effect of employee stock options — 2 2
Effect of Continental 5% convertible notes — — 1
Diluted weighted-average shares outstanding 331 383 253
Earnings (loss) per share, diluted $ (2.18) $ 2.26 $ 1.08
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UAL 6% senior convertible notes 40 — —
Continental 4.5% convertible notes 12 — —
UAL 4.5% senior limited-subordination convertible notes 5 11 22
Stock options 4 5 9
Continental 6% convertible junior subordinated debentures 4 4 1
Restricted shares 1 1 —
UAL 5% senior convertible notes — — 3
66 21 35
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