DTE Energy 2012 Annual Report Download - page 88
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Table of Contents
The Company reports both basic and diluted earnings per share. The calculation of diluted earnings per share assumes the issuance of potentially
dilutive common shares outstanding during the period from the exercise of stock options. A reconciliation of both calculations is presented in the following
table as of December 31:
Net income attributable to DTE Energy Company
$711
$630
Average number of common shares outstanding
169
168
Weighted average net restricted shares outstanding
1
1
Dividends declared — common shares
$ 392
$ 365
Dividends declared — net restricted shares
1
2
Total distributed earnings
$ 393
$ 367
Net income less distributed earnings
$ 318
$ 263
Distributed (dividends per common share)
$2.32
$2.18
Undistributed
1.87
1.57
Total Basic Earnings per Common Share
$4.19
$3.75
Net income attributable to DTE Energy Company
$711
$630
Average number of common shares outstanding
169
168
Average incremental shares from assumed exercise of options
1
1
Common shares for dilutive calculation
170
169
Weighted average net restricted shares outstanding
1
1
Dividends declared — common shares
$ 392
$ 365
Dividends declared — net restricted shares
1
2
Total distributed earnings
$ 393
$ 367
Net income less distributed earnings
$ 318
$ 263
Distributed (dividends per common share)
$2.32
$2.18
Undistributed
1.86
1.56
Total Diluted Earnings per Common Share
$4.18
$3.74
Options to purchase approximately 5 million shares of common stock in 2010 were not included in the computation of diluted earnings per share
because the options’ exercise price was greater than the average market price of the common shares, thus making these options anti-dilutive.
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