Visa 2013 Annual Report Download - page 112

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VISA INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
September 30, 2013
The following table presents earnings per share for fiscal 2012.(1)
Basic Earnings Per Share Diluted Earnings Per Share
(in millions, except per share data)
Income
Allocation (A) (2)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)
Income
Allocation
(A) (2)
Weighted-
Average Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)
Class A common
stock ................ $ 1,664 524 $ 3.17 $ 2,144 678 (3) $ 3.16
Class B common
stock ................ 343 245 $ 1.40 $ 341 245 $ 1.39
Class C common
stock ................ 130 41 $ 3.17 $ 129 41 $ 3.16
Participating
securities(4) ........... 7 Notpresented Not presented $ 7 Not presented Not presented
Net income attributable
to Visa Inc. ........... $ 2,144
The following table presents earnings per share for fiscal 2011.(1)
Basic Earnings Per Share Diluted Earnings Per Share
(in millions, except per share data)
Income
Allocation (A) (2)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)
Income
Allocation
(A) (2)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)
Class A common
stock ................ $ 2,638 509 $ 5.18 $ 3,650 707(3) $ 5.16
Class B common
stock ................ 636 245 $ 2.59 $ 633 245 $ 2.58
Class C common
stock ................ 364 70 $ 5.18 $ 363 70 $ 5.16
Participating
securities(4) ........... 12 Notpresented Not presented $ 12 Not presented Not presented
Net income attributable
to Visa Inc. ........... $ 3,650
(1) Figures in the table may not recalculate exactly due to rounding. Earnings per share is calculated
based on whole numbers, not the rounded numbers presented.
(2) Net income attributable to Visa Inc. is allocated based on proportional ownership on an as-
converted basis. The weighted-average numbers of shares of as-converted class B common stock
used in the income allocation were 103 million, 108 million and 123 million for fiscal 2013, 2012 and
2011, respectively.
(3) Weighted-average diluted shares outstanding are calculated on an as-converted basis, and include
incremental common stock equivalents, as calculated under the treasury stock method. The
computation includes 2 million common stock equivalents for fiscal 2013 and 3 million for fiscal
2012 and fiscal 2011, because their effect would have been dilutive. The computation excludes less
than 1 million of common stock equivalents for fiscal 2013 and 2012, and 2 million for fiscal 2011
because their effect would have been anti-dilutive.
104