Chesapeake Energy 2010 Annual Report Download - page 131

CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
A reconciliation for the years ended December 31, 2010 and 2008 is as follows:
Income
(Numerator)
Shares
(Denominator)
Per Share
Amount
(in millions, except per share data)
For the Year Ended December 31, 2010:
Basic EPS ..................................... $ 1,663 631 $ 2.63
Effect of Dilutive Securities:
Assumed conversion as of the beginning of the period
of preferred shares outstanding during the period:
Common shares assumed issued for 5.75%
cumulative convertible preferred stock ......... 49 32
Common shares assumed issued for 5.75%
cumulative convertible preferred stock
(series A) ................................. 39 25
Common shares assumed issued for 5.00%
cumulative convertible preferred stock
(series 2005B) ............................ 11 5
Common shares assumed issued for 4.50%
cumulative convertible preferred stock ......... 12 6
Unvested restricted stock ......................... — 6
Outstanding stock options ......................... — 1
Diluted EPS .................................... $ 1,774 706 $ 2.51
For the Year Ended December 31, 2008:
Basic EPS ..................................... $ 504 536 $ 0.94
Effect of Dilutive Securities:
Effect of contingent convertible senior notes
outstanding during the period .................... — 1
Unvested restricted stock ......................... — 6
Outstanding stock options ......................... — 2
Diluted EPS .................................... $ 504 545 $ 0.93
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