v2.4.0.8
Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Summary of Computation of Basic and Diluted Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

 

2013

 

2012

 

2013

 

2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in millions, except share and per share amounts)

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to common shareholders

 

$

113 

 

$

89 

 

$

244 

 

$

266 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding for basic earnings per share

 

 

167,337,700 

 

 

166,235,266 

 

 

166,476,927 

 

 

169,516,767 

Weighted-average effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Employee equity awards

 

 

3,773,791 

 

 

4,284,300 

 

 

3,854,863 

 

 

3,970,984 

Contingent issuance of common stock(1)

 

 

992,247 

 

 

 -

 

 

330,749 

 

 

 -

3.75% convertible notes(2)

 

 

 -

 

 

 -

 

 

 -

 

 

20,891 

Weighted-average common shares outstanding for diluted earnings per share

 

 

172,103,738 

 

 

170,519,566 

 

 

170,662,539 

 

 

173,508,642 

Basic and diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.68 

 

$

0.53 

 

$

1.46 

 

$

1.57 

Diluted earnings per share

 

$

0.66 

 

$

0.52 

 

$

1.43 

 

$

1.53 

 

(1)   See “Acquisition of eSpeed for Trading of U.S. Treasuries,” of Note 4, “Acquisitions and Divestiture,” for further discussion.

 (2)   In June 2012, the remaining $0.5 million of our 3.75% convertible notes outstanding was converted into 34,482 shares of common stock in accordance with the terms of the notes.