AIG 2009 Annual Report Download - page 323

American International Group, Inc., and Subsidiaries
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The following table presents computation of basic and diluted EPS:
Years Ended December 31,
(dollars in millions, except per share data) 2009 2008 2007
Numerator for EPS:
Income (loss) from continuing operations $ (11,770) $ (97,634) $ 6,867
Income (loss) from continuing operations attributable to noncontrolling
interests:
Noncontrolling nonvoting, callable, junior and senior preferred interests
held by Federal Reserve Bank of New York 140 --
Other (1,527) (944) 1,259
Total Income (loss) from continuing operations attributable to noncontrolling
interests (1,387) (944) 1,259
Net income (loss) attributable to AIG from continuing operations (10,383) (96,690) 5,608
Income (loss) from discontinued operations (543) (2,753) $ 621
Income (loss) from discontinued operations attributable to noncontrolling
interests 23 (154) 29
Net income (loss) attributable to AIG from discontinued operations (566) (2,599) 592
Cumulative dividends on AIG Series D Preferred Stock (1,204) (400) -
Deemed dividend to AIG Series D Preferred Stock exchanged for AIG
Series E Preferred Stock (91) --
Net income (loss) attributable to AIG common shareholders from continuing
operations (11,678) (97,090) 5,608
Net income (loss) attributable to AIG common shareholders from discontinued
operations $ (566) $ (2,599) $ 592
Denominator for EPS:
Weighted average shares outstanding – basic 135,324,896 131,714,245 129,226,796
Dilutive shares* -- 674,239
Weighted average shares outstanding – diluted 135,324,896 131,714,245 129,901,035
EPS attributable to AIG:
Basic
Income (loss) from continuing operations $ (86.30) $ (737.12) $ 43.40
Income (loss) from discontinued operations $ (4.18) $ (19.73) $ 4.58
Diluted
Income (loss) from continuing operations $ (86.30) $ (737.12) $ 43.17
Income (loss) from discontinued operations $ (4.18) $ (19.73) $ 4.56
* Diluted shares are calculated using the treasury stock method and include dilutive shares from share-based employee compensation plans, and the
AIG Series F Warrants. The number of shares excluded from diluted shares outstanding were 12 million, 9 million and 0.4 million for the years
ended December 31, 2009, 2008 and 2007, respectively, because the effect would have been anti-dilutive.
315 AIG 2009 Form 10-K