Xerox 2012 Annual Report Download - page 112

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Notes to Consolidated Financial Statements
(in millions, except per-share data and where otherwise noted)
110
Note 21 – Earnings per Share
The following table sets forth the computation of basic and diluted earnings per share of common stock (shares in thousands):
Year Ended December 31,
2012 2011 2010
Basic Earnings per Share:
Net income attributable to Xerox $ 1,195 $ 1,295 $ 606
Accrued dividends on preferred stock (24) (24) (21)
Adjusted Net Income Available to Common Shareholders $ 1,171 $ 1,271 $ 585
Weighted-average common shares outstanding 1,302,053 1,388,096 1,323,431
Basic Earnings per Share $ 0.90 $ 0.92 $ 0.44
Diluted Earnings per Share:
Net income attributable to Xerox $ 1,195 $ 1,295 $ 606
Accrued dividends on preferred stock (24) – (21)
Interest on convertible securities, net 1 1 –
Adjusted Net Income Available to Common Shareholders $ 1,172 $ 1,296 $ 585
Weighted-average common shares outstanding 1,302,053 1,388,096 1,323,431
Common shares issuable with respect to:
Stock options 4,335 9,727 13,497
Restricted stock and performance shares 20,804 16,993 13,800
Convertible preferred stock – 26,966 –
Convertible securities 1,992 1,992 –
Adjusted Weighted Average Common Shares Outstanding 1,329,184 1,443,774 1,350,728
Diluted Earnings per Share $ 0.88 $0.90 $0.43
The following securities were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive:
Stock options 29,397 40,343 57,541
Restricted stock and performance shares 23,430 26,018 25,983
Convertible preferred stock 26,966 – 26,966
Convertible securities – – 1,992
79,793 66,361 112,482
Dividends per common share $ 0.17 $0.17 $0.17