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Table of Contents VMware, Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
The following table sets forth the computations of basic and diluted net income per share for the years ended December 31, 2013 , 2012 and 2011 (table
in millions, except per share data):
For both the years ended December 31, 2013 and 2011 , stock options to purchase 1 million shares, respectively, of VMware Class A common stock
were excluded from the diluted earnings per share calculations because their effect would have been anti-dilutive. For the year ended December 31, 2012
, the
number of stock options to purchase shares of VMware Class A common stock that were excluded from the diluted earnings per share calculations because
their effect would have been anti-dilutive was not material.
For the year ended December 31, 2013 , the number of shares of restricted stock that were excluded from the diluted earnings per share calculations
because their effect would have been anti-dilutive was not material. For the year ended December 31, 2012 , 2 million shares of restricted stock were
excluded from the diluted earnings per share calculations because their effect would have been anti-dilutive. For the year ended December 31, 2011 , no
shares of restricted stock were excluded from the diluted earnings per share calculation.
E. Investments
Investments as of December 31, 2013 and 2012 consisted of the following (tables in millions):
74
For the Year Ended December 31,
2013
2012
2011
Net income
$
1,014
$
746
$
724
Weighted-average shares, basic for Class A and Class B
429
427
421
Effect of dilutive securities
4
7
11
Weighted-average shares, diluted for Class A and Class B
433
434
432
Net income per weighted-average share, basic for Class A and Class B
$
2.36
$
1.75
$
1.72
Net income per weighted-average share, diluted for Class A and Class B
$
2.34
$
1.72
$
1.68
December 31, 2013
Cost or
Amortized Cost
Unrealized Gains
Unrealized Losses
Aggregate
Fair Value
U.S. Government and agency obligations
$
537
$
—
$
—
$
537
U.S. and foreign corporate debt securities
2,351
6
(3
)
2,354
Foreign governments and multi-national agency obligations
37
—
—
37
Municipal obligations
811
3
—
814
Mortgage-backed securities
129
—
(
1
)
128
Total investments
$
3,865
$
9
$
(4
)
$
3,870
December 31, 2012
Cost or
Amortized Cost
Unrealized Gains
Unrealized Losses
Aggregate
Fair Value
U.S. Government and agency obligations
$
374
$
1
$
—
$
375
U.S. and foreign corporate debt securities
1,545
6
(1
)
1,550
Foreign governments and multi-national agency obligations
41
—
—
41
Municipal obligations
973
3
—
976
Asset-backed securities
1
—
—
1
Mortgage-backed securities
79
—
—
79
Total investments
$
3,013
$
10
$
(1
)
$
3,022