Ally Bank 2012 Annual Report Download - page 106

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Year ended December 31, ($ in millions except per share data) 2012 2011 2010
Net income (loss) attributable to common shareholders
Net income (loss) from continuing operations $ 529 $ (1,002) $ 288
Preferred stock dividends — U.S. Department of Treasury (535) (534) (963)
Preferred stock dividends (267) (260) (282)
Impact of preferred stock conversion or amendment (a) —32 (616)
Net loss from continuing operations attributable to common shareholders (b) (273) (1,764) (1,573)
Income from discontinued operations, net of tax 667 845 741
Net income (loss) attributable to common shareholders $ 394 $ (919) $ (832)
Basic weighted-average common shares outstanding 1,330,970 1,330,970 800,597
Diluted weighted-average common shares outstanding (b) 1,330,970 1,330,970 800,597
Basic earnings per common share
Net loss from continuing operations $ (205) $ (1,326) $ (1,965)
Income from discontinued operations, net of tax 501 635 926
Net income (loss) $ 296 $ (691) $ (1,039)
Diluted earnings per common share (b)
Net loss from continuing operations $ (205) $ (1,326) $ (1,965)
Income from discontinued operations, net of tax 501 635 926
Net income (loss) $ 296 $ (691) $ (1,039)
(a) Refer to Note 18 to the Consolidated Financial Statements for further detail.
(b) Due to the antidilutive effect of converting the Fixed Rate Cumulative Mandatorily Convertible Preferred Stock into common shares and the net loss from
continuing operations attributable to common shareholders for 2012, 2011, and 2010, respectively, loss from continuing operations attributable to
common shareholders and basic weighted-average common shares outstanding were used to calculate basic and diluted earnings per share.
The Notes to the Consolidated Financial Statements are an integral part of these statements.
Table of Contents
Consolidated Statement of Income
Ally Financial Inc. • Form 10-K