Twenty-First Century Fox 2008 Annual Report Download - page 131

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NEWSCORP
Notes to the Consolidated Financial Statements (continued)
For the year ended June 30, 2008 (in millions, except
per share amounts)
Weighted average shares—basic 2,955
Shares issuable under equity based compensation plans 16
Weighted average shares—diluted 2,971
Earnings per share—basic:
Income from continuing operations $1.82
Net Income $1.82
Earnings per share—diluted:
Income from continuing operations $ 1.81
Net Income $ 1.81
2007 2006
Class A Class B Total Class A Class B Total
For the years ended June 30, (in millions, except per share data)
Allocation of income—basic:
Income from continuing operations $2,484 $ 942 $3,426 $2,033 $ 779 $ 2,812
Gain on disposition of discontinued operations — — — 372 143 515
Cumulative effect of accounting change,
net of tax — — — (732) (281) (1,013)
Net income available to shareholders 2,484 942 3,426 1,673 641 2,314
Weighted average shares used in income
allocation 2,604 987 3,591 2,638 1,012 3,650
Allocation of income—diluted:
Income from continuing operations $2,487 $ 934 $ 3,421 $2,036 $ 775 $ 2,811
Gain on disposition of discontinued operations — — — 373 142 515
Cumulative effect of accounting change,
net of tax — — — (734) (279) (1,013)
Net income available to shareholders 2,487 934 3,421 1,675 638 2,313
Weighted average shares used in income
allocation 2,629 987 3,616 2,659 1,012 3,671
Weighted average shares—basic 2,170 987 3,157 2,198 1,012 3,210
Shares issuable under equity based
compensation plans 21 — 21 18 — 18
Weighted average shares—diluted 2,191 987 3,178 2,216 1,012 3,228
Earnings per share—basic:
Income from continuing operations $ 1.14 $0.95 $ 0.92 $ 0.77
Gain on disposition of discontinued operations $ — $ — $ 0.17 $ 0.14
Cumulative effect of accounting change,
net of tax $ — $ — $ (0.33) $(0.28)
Net income $ 1.14 $0.95 $ 0.76 $ 0.63
Earnings per share—diluted:
Income from continuing operations $ 1.14 $0.95 $ 0.92 $ 0.77
Gain on disposition of discontinued operations $ — $ — $ 0.17 $ 0.14
Cumulative effect of accounting change,
net of tax $ — $ — $ (0.33) $(0.28)
Net income $ 1.14 $0.95 $ 0.76 $ 0.63
130 NEWSCORP 2008 Annual Report