America Online 2014 Annual Report Download - page 95

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AOL INC.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
The Company has the option to pay cash, issue shares of common stock or any combination thereof for the
aggregate amount due upon conversion of the convertible senior notes (the “Notes”). The Company’s intent is to
settle the principal amount of the Notes in cash upon conversion. As a result, only the amounts payable in excess
of the principal amounts of the Notes are considered in diluted earnings per share under the treasury stock
method.
For the years ended December 31, 2014, 2013 and 2012 the Company had 6.1 million, 1.0 million and
2.9 million, respectively, of weighted-average potentially dilutive common shares that were not included in the
computation of diluted earnings per share because to do so would be anti-dilutive for those periods.
The following table is a reconciliation of basic and diluted net income attributable to AOL common
stockholders per common share (in millions, except per share amounts):
Years Ended December 31,
2014 2013 2012
Net income attributable to AOL Inc. common stockholders ................. $ 125.6 $ 92.4 $ 1,048.4
Shares used in computing basic income per common share .................. 78.9 77.6 91.1
Dilutive effect of equity-based awards .................................. 4.1 4.4 2.4
Shares used in computing diluted income per common share ................ 83.0 82.0 93.5
Basic net income per common share .................................... $ 1.59 $ 1.19 $ 11.51
Diluted net income per common share .................................. $ 1.51 $ 1.13 $ 11.21
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