Eversource 2014 Annual Report Download - page 112

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18. COMMON SHAREHOLDERS'EQUITY AND NONCONTROLLING INTERESTS
A summary of the changes in Common Shareholders'Equity and Noncontrolling Interests of NU is as follows:
Noncontrolling
Common Interest -
Shareholders'Noncontrolling Total Preferred Stock
 Equity Interest Equity of Subsidiaries
Balance as of January 1, 2012 $4,012.7 $3.0 $4,015.7 $116.2
Net Inco
me 533.1 -533.1 -
Purchase Price of NSTAR
(1)
5,038.3 -5,038.3 -
Other Equity Impacts of Merger with NSTAR
(2)
3.4 (3.4) - 39.4
Dividends on Common Shares (375.5) - (375.5) -
Dividends on Preferred Stock (7.0) - (7.0) (7.0)
Issuance of Common Shares 13.3 -13.3 -
Contributions to NPT - 0.3 0.3 -
Other Transactions, Net 21.1 -21.1 -
Net Income Attributable to Noncontrolling Interests
(0.1) 0.1 - 7.0
Other Comprehensive Loss (2.2) - (2.2) -
Balance as of December 31, 2012 $9,237.1 $ - $ 9,237.1 $155.6
Net Income
793.7 -793.7 -
Dividends on Common Shares (462.7) - (462.7) -
Dividends on Preferred Stock (7.7) - (7.7) (7.7)
Issuance of Common Shares 11.1 -11.1 -
Other Transactions, Net 13.2 -13.2 -
Net Income Attributable to Noncontrolling Interests
- - - 7.7
Other Comprehensive Income 26.8 -26.8 -
Balance as of December 31, 2013 $9,611.5 $ - $ 9,611.5 $155.6
Net Income
827.1 -827.1 -
Dividends on Common Shares (496.5) - (496.5) -
Dividends on Preferred Stock (7.5) - (7.5) (7.5)
Issuance of Common Shares 6.6 -6.6 -
Other Transactions, Net 63.6 -63.6 -
Net Income Attributable to Noncontrolling Interests
- - - 7.5
Other Comprehensive Loss (28.0) -(28.0) -
Balance as of December 31, 2014 $9,976.8 $ - $ 9,976.8 $155.6
(1) On April 10, 2012, NU issued approximately 136 million common shares to the NSTAR shareholders in connection with the merger. See
Note 21, "Merger of NU and NSTAR," for further information.
(2) The preferred stock of NSTAR Electric is not subject to mandatory redemption and has been presented as a noncontrolling interest in NSTAR
Electric in NU's financial statements. In addition, upon completion of the merger, an NSTAR subsidiary that held 25 percent of NPT was
merged into EETV, resulting in EETV owning 100 percent of NPT. Accordingly, the noncontrolling interest balance was eliminated and 100
percent ownership of NPT was reflected in Common Shareholders'Equity.
For the years ended December 31, 2014, 2013 and 2012, there was no change in ownership of the common equity of CL&P and NSTAR Electric.
19.EARNINGS PER SHARE
Basic EPS is computed based upon the weighted average number of common shares outstanding during each period. Diluted EPS is computed on the
basis of the weighted average number of common shares outstanding plus the potential dilutive effect of certain share-based compensation awards as
if they were converted into common shares. For the years ended December 31, 2014, 2013 and 2012, there were 3,643, 1,575 and 4,266,
respectively, antidilutive share awards excluded from the computation.
The following table sets forth the components of basic and diluted EPS:
For the Years Ended December 31,
  2014 2013 2012
Net Income Attributable to Controlling Interest
$819.5 $786.0 $525.9
Weighted Average Common Shares Outstanding:
Basic 316,136,748 315,311,387 277,209,819
Dilutive Effect 1,280,666 899,773 783,812
Diluted 317,417,414 316,211,160 277,993,631
Basic EPS $2.59 $2.49 $1.90
Diluted EPS $2.58 $2.49 $1.89
On April 10, 2012, NU issued approximately 136 million common shares as a result of the merger with NSTAR, which are reflected in the weighted
average common shares outstanding.