DuPont 2005 Annual Report Download - page 79

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E. I. du Pont de Nemours and Company
Notes to Consolidated Financial Statements (continued)
(Dollars in millions, except per share)
10. Earnings Per Share of Common Stock
Set forth below is a reconciliation of the numerator and denominator for basic and diluted earnings per share calculations for
the periods indicated:
2005 2004 2003
Numerator:
Income before cumulative effect of a change in accounting principle $2,053 $1,780 $1,002
Preferred dividends (10) (10) (10)
Income available to common stockholders before cumulative effect of a change in accounting principle 2,043 1,770 992
Cumulative effect of a change in accounting principle – – (29)
Net income available to common stockholders $2,043 $1,770 $963
Denominator:
Weighted-average number of common shares outstanding–Basic 982,192,597 997,624,239 996,717,845
Dilutive effect of the company’s employee compensation plans and accelerated share repurchase
agreement 6,761,466 5,768,003 3,292,348
Weighted average number of common shares outstanding–Diluted 988,954,063 1,003,392,242 1,000,010,193
The weighted-average number of common shares outstanding in 2005 declined as a result of the company’s repurchase and
retirement of its common stock in connection with an accelerated share repurchase agreement. See Note 25 for further
information.
The following average number of stock options are antidilutive, and therefore, are not included in the diluted earnings per
share calculation:
2005 2004 2003
Average Number of Stock Options 52,957,608 54,526,028 69,532,336
11. Accounts and Notes Receivable
December 31, 2005 2004
Accounts Receivable–Trade–net of allowances of $205 in 2005 and $199 in 2004 $ 3,907 $ 3,860
Other 894 1,029
$ 4,801 $ 4,889
Accounts and notes receivable are carried at amounts that approximate fair value and include amounts due from equity
affiliates of $55 for 2005, and $88 for 2004.
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