United Airlines 2014 Annual Report Download - page 77
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Table of Contents
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 for the years ended December 31 (in millions, except per share amounts):
Earnings (loss) available to common stockholders $ 1,132 $ 571 $ (723)
Basic weighted-average shares outstanding 371 348 331
Earnings (loss) per share, basic $ 3.05 $ 1.64 $ (2.18)
Earnings (loss) available to common stockholders $ 1,132 $ 571 $ (723)
Effect of dilutive securities 11 26 —
Earnings (loss) available to common stockholders including the
effect of dilutive securities $ 1,143 $ 597 $ (723)
Basic weighted-average shares outstanding 371 348 331
Effect of convertible notes 18 42 —
Effect of restricted stock and employee stock options 1 1 —
Diluted weighted-average shares outstanding 390 391 331
Earnings (loss) per share, diluted $ 2.93 $ 1.53 $ (2.18)
Restricted stock and stock options 1 3 5
Convertible notes 3 4 61
4 7 66
See Notes 3 and 11 of this report for additional information related to the ASR Program, open market share repurchases, open market purchases of the
Company’s convertible debt and exchange of shares for redemption of convertible debt.
UAL maintains several share-based compensation plans. These plans provide for grants of qualified and non-qualified stock options, stock appreciation
rights, restricted stock awards, RSUs, performance compensation awards, performance units, cash incentive awards and other types of equity-based and
equity-related awards.
All awards are recorded as equity or a liability in the Company’s consolidated balance sheets. The share-based compensation expense is directly recorded in
salaries and related costs or integration-related expense.
In February 2014, UAL granted share-based compensation awards pursuant to the United Continental Holdings, Inc. 2008 Incentive Compensation Plan.
These share-based compensation awards include approximately
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