| Computation of basic and diluted earnings per share |
|
|
|
|
Three Months Ended |
|
Nine Months Ended |
|
|
|
|
September 30, |
|
September 30, |
|
|
(US$ in millions, except for share data) |
|
2011 |
|
2010 |
|
2011 |
|
2010 |
|
|
Net income attributable to Bunge |
|
$ |
140 |
|
$ |
212 |
|
$ |
688 |
|
$ |
2,053 |
|
|
Convertible preference share dividends |
|
(8 |
) |
(19 |
) |
(25 |
) |
(58 |
) |
|
Net income available to Bunge common shareholders |
|
$ |
132 |
|
$ |
193 |
|
$ |
663 |
|
$ |
1,995 |
|
|
Weighted-average number of common shares outstanding: |
|
|
|
|
|
|
|
|
|
|
Basic |
|
146,684,583 |
|
139,600,641 |
|
146,935,716 |
|
141,247,100 |
|
|
Effect of dilutive shares: |
|
|
|
|
|
|
|
|
|
|
–Stock options and awards |
|
947,140 |
|
877,885 |
|
1,108,797 |
|
959,061 |
|
|
–Convertible preference shares |
|
— |
|
7,514,790 |
|
7,547,220 |
|
14,622,799 |
|
|
Diluted (1) |
|
147,631,723 |
|
147,993,316 |
|
155,591,733 |
|
156,828,960 |
|
|
Earnings per common share: |
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
0.90 |
|
$ |
1.38 |
|
$ |
4.51 |
|
$ |
14.12 |
|
|
Diluted |
|
$ |
0.89 |
|
$ |
1.36 |
|
$ |
4.42 |
|
$ |
13.09 |
|
|
(1) |
Approximately 2.8 million outstanding stock options and contingently issuable restricted stock units were not dilutive and not included in the weighted-average number of common shares outstanding for the three and nine months ended September 30, 2011, respectively. Approximately 7.5 million weighted-average common shares that are issuable upon conversion of the convertible preference shares were not dilutive and not included in the weighted-average number of common shares outstanding for the three months ended September 30, 2011. |
|
|
|
|
|
Approximately 3.5 million outstanding stock options and contingently issuable restricted stock units were not dilutive and not included in the weighted-average number of common shares outstanding for the three and nine months ended September 30, 2010, respectively. Approximately 7.1 million weighted-average common shares that are issuable upon conversion of the convertible preference shares were not dilutive and not included in the weighted-average number of common shares outstanding for the three months ended September 30, 2010. |
|
|