XML 80 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings (Loss) Per Share Attributable To Devon
 9 Months Ended
Sep. 30, 2014
Net earnings (loss) per share attributable to Devon:  
Earnings (Loss) Per Share

8.     Earnings (Loss) Per Share Attributable to Devon

 

The following table reconciles net earnings (loss) attributable to Devon and common shares outstanding used in the calculations of basic and diluted earnings per share.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

Common

 

Earnings (loss)

 

 

Earnings (loss)

 

Shares

 

per  Share

 

 

 

 

 

 

 

 

 

 

 

  

(In millions, except per share amounts)

 

  

 

 

 

 

 

 

 

 

Three Months Ended September 30, 2014:

  

 

 

 

 

 

 

 

 

Net earnings attributable to Devon

  

$
1,016 

 

 
409 

 

 

 

Attributable to participating securities

  

 
(11)

 

 
(4)

 

 

 

Basic earnings per share

  

 
1,005 

 

 
405 

 

$
2.48 

Dilutive effect of potential common shares issuable

  

 

 -

 

 
2 

 

 

 

Diluted earnings per share

  

$
1,005 

 

 
407 

 

$
2.47 

 

  

 

 

 

 

 

 

 

 

Three Months Ended September 30, 2013:

  

 

 

 

 

 

 

 

 

Net earnings attributable to Devon

  

$
429 

 

 
406 

 

 

 

Attributable to participating securities

  

 
(4)

 

 
(4)

 

 

 

Basic earnings per share

  

 
425 

 

 
402 

 

$
1.06 

Dilutive effect of potential common shares issuable

  

 

 -

 

 
1 

 

 

 

Diluted earnings per share

  

$
425 

 

 
403 

 

$
1.05 

 

  

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2014:

  

 

 

 

 

 

 

 

 

Net earnings attributable to Devon

  

$
2,015 

 

 
408 

 

 

 

Attributable to participating securities

  

 
(20)

 

 
(4)

 

 

 

Basic earnings per share

  

 
1,995 

 

 
404 

 

$
4.94 

Dilutive effect of potential common shares issuable

  

 

 -

 

 
2 

 

 

 

Diluted earnings per share

  

$
1,995 

 

 
406 

 

$
4.91 

 

  

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2013:

  

 

 

 

 

 

 

 

 

Net loss attributable to Devon

  

$
(227)

 

 
406 

 

 

 

Attributable to participating securities

  

 
(2)

 

 
(4)

 

 

 

Basic loss per share

  

 
(229)

 

 
402 

 

$
(0.57)

Dilutive effect of potential common shares issuable

  

 

 -

 

 

 -

 

 

 

Diluted loss per share

  

$
(229)

 

 
402 

 

$
(0.57)

 

Certain options to purchase shares of Devon's common stock are excluded from the dilution calculation because the options are antidilutive. During the three-month and nine-month periods ended September 30, 2014, 1.1 million shares and 3.2 million shares, respectively, were excluded from the diluted earnings per share calculations. During the three-month and nine-month periods ended September 30, 2013, 7.5 million shares and 7.6 million shares, respectively, were excluded from the diluted earnings per share calculations.