Raytheon 2012 Annual Report Download - page 55

Download and view the complete annual report

Please find page 55 of the 2012 Raytheon annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 144

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144

47
The increase in diluted EPS from continuing operations attributable to Raytheon Company common stockholders of $0.43 in
2012 compared to 2011 and in 2011 compared to 2010 was primarily due to the decrease in diluted weighted average shares
outstanding, which was affected by the common stock share activity shown in the table below.
Our common stock share activity for the years ended 2012, 2011, and 2010 was as follows:
(Shares in millions) 2012 2011 2010
Beginning balance 338.9 359.4 377.9
Warrants exercised —3.3 6.7
Stock plans activity 5.8 4.0 4.6
Treasury stock repurchases (16.6)(27.8)(29.8)
Ending balance 328.1 338.9 359.4
Warrants to purchase shares of our common stock, with an exercise price of $37.50 per share, were included in our calculations
of diluted EPS at December 31, 2011 and 2010. These warrants expired in June 2011.
Diluted Earnings (Loss) per Share from Discontinued Operations Attributable to Raytheon Company
Common Stockholders
Diluted earnings (loss) per share from discontinued operations attributable to Raytheon Company common stockholders was
a loss of less than $0.01 in 2012, earnings of $0.05 in 2011, and earnings of $0.09 in 2010. The decreases in diluted earnings
(loss) per share from discontinued operations attributable to Raytheon Company common stockholders of $0.05 in 2012
compared to 2011 and $0.04 in 2011 compared to 2010 were primarily due to the activity described above in Income (loss)
from Discontinued Operations, Net of Tax.
Diluted EPS Attributable to Raytheon Company Common Stockholders
Diluted EPS attributable to Raytheon Company common stockholders was $5.65 in 2012, $5.28 in 2011 and $4.88 in 2010.
The increases in diluted EPS attributable to Raytheon Company common stockholders of $0.37 in 2012 compared to 2011
and $0.40 in 2011 compared to 2010 were primarily due to the decreases in diluted shares, partially offset by the decreases
in Diluted Earnings (Loss) per Share from Discontinued Operations Attributable to Raytheon Company Common Stockholders
described above.