Boeing 2012 Annual Report Download - page 80

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68
The elements used in the computation of basic and diluted earnings per share are as follows:
(In millions - except per share amounts)
Years ended December 31, 2012 2011 2010
Net earnings $3,900 $4,018 $3,307
Less: earnings available to participating securities 899
Net earnings available to common shareholders $3,892 $4,009 $3,298
Basic
Basic weighted average shares outstanding 758.0 746.6 738.1
Less: participating securities 2.3 2.5 3.1
Basic weighted average common shares outstanding 755.7 744.1 735.0
Diluted
Basic weighted average shares outstanding 758.0 746.6 738.1
Dilutive potential common shares(1) 5.8 6.5 6.2
Diluted weighted average shares outstanding 763.8 753.1 744.3
Less: participating securities 2.3 2.5 3.1
Diluted weighted average common shares outstanding 761.5 750.6 741.2
Net earnings per share:
Basic $5.15 $5.39 $4.49
Diluted 5.11 5.34 4.45
(1) Diluted EPS includes any dilutive impact of stock options, restricted stock units and Performance
Awards.
The shares included in the following table were not included in the computation of diluted earnings per
share because the effect was antidilutive. However, these shares may be dilutive potential common shares
in the future.
(Shares in millions)
Years ended December 31, 2012 2011 2010
Stock options 23.6 21.1 14.9
Performance Awards 4.9 1.5 3.8
Note 5 – Income Taxes
The components of earnings before income taxes were:
Years ended December 31, 2012 2011 2010
U.S. $5,647 $5,083 $4,310
Non-U.S. 263 310 197
Total $5,910 $5,393 $4,507