| Computation of basic and diluted earnings per share |
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Year Ended December 31, |
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(US$ in millions, except for share data) |
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2010 |
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2009 |
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2008 |
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Net income attributable to Bunge |
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$ |
2,354 |
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$ |
361 |
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$ |
1,064 |
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Convertible preference share dividends |
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(67 |
) |
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(78 |
) |
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(78 |
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Net income available to Bunge common shareholders |
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$ |
2,287 |
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$ |
283 |
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$ |
986 |
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Weighted-average number of common shares outstanding: |
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Basic |
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141,191,136 |
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126,448,071 |
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121,527,580 |
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Effect of dilutive shares: |
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—stock options and awards (1) |
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1,032,143 |
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1,221,751 |
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1,488,899 |
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—convertible preference shares |
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14,051,535 |
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— |
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14,574,787 |
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Diluted |
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156,274,814 |
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127,669,822 |
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137,591,266 |
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Earnings per common share: |
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Earnings to Bunge common shareholders—basic |
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$ |
16.20 |
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$ |
2.24 |
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$ |
8.11 |
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Earnings to Bunge common shareholders—diluted |
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$ |
15.06 |
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$ |
2.22 |
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$ |
7.73 |
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- (1)
- The weighted-average common shares outstanding-diluted excludes approximately 3 million, 2 million and 1 million stock options and contingently issuable restricted stock units, which were not dilutive and not included in the computation of diluted earnings per share for 2010, 2009 and 2008, respectively.
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