Intel 2009 Annual Report Download - page 109
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Table of Contents
INTEL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
We computed our basic earnings per common share using net income available to common stockholders and the weighted
average number of common shares outstanding during the period. We computed diluted earnings per common share using net
income available to common stockholders and the weighted average number of common shares outstanding plus potentially
dilutive common shares outstanding during the period. Potentially dilutive common shares from employee incentive plans are
determined by applying the treasury stock method to the assumed exercise of outstanding stock options, the assumed vesting
of outstanding restricted stock units, and the assumed issuance of common stock under the stock purchase plan. Potentially
dilutive common shares are determined by applying the if-converted method for the 2005 debentures. However, as our 2009
debentures require settlement of the principal amount of the debt in cash upon conversion, with the conversion premium paid
in cash or stock at our option, potentially dilutive common shares are determined by applying the treasury stock method for
these debentures. For further discussion on the specific conversion features of our 2005 and 2009 debentures, see “Note 20:
Borrowings.”
For 2009, we excluded 486 million outstanding weighted average stock options (484 million in 2008 and 417 million in 2007)
from the calculation of diluted earnings per common share because the exercise prices of these stock options were greater than
or equal to the average market value of the common shares. These options could be included in the calculation in the future if
the average market value of the common shares increases and is greater than the exercise price of these options. We also
excluded our 2009 debentures from the calculation of diluted earnings per common share because the conversion option of
these debentures was anti-dilutive. In the future, we could have potentially dilutive shares if the average market price is above
the conversion price.
Note 26: Comprehensive Income
The components of total comprehensive income were as follows:
98
(In Millions)
2009
2008
2007
Net income
$
4,369
$
5,292
$
6,976
Other comprehensive income (loss)
786
(654
)
318
Total comprehensive income
$
5,155
$
4,638
$
7,294