Safeway 2013 Annual Report Download - page 92

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Table of Contents


The following table provides reconciliations of net earnings and shares used in calculating income per basic common share to those used in
calculating income per diluted common share.
(In millions, except per-share amounts) 
2012
2011
 
Diluted Basic
Diluted Basic
Income from continuing operations, net of tax  
$294.6 $294.6
$367.2 $367.2
Noncontrolling interests 
(1.6)(1.6)
(1.5)(1.5)
Income from continuing operations
attributable to Safeway Inc.  
293.0 293.0
365.7 365.7
Distributed and undistributed earnings
allocated to participating securities 
(2.7)(2.7)
(2.7)(2.7)
Income from continuing operations available
to common stockholders  
290.3 290.3
363.0 363.0
Income from discontinued operations, net of
tax  
303.5 303.5
151.0 151.0
Distributed and undistributed earnings
allocated to participating securities 
(2.7)(2.7)
(1.1)(1.1)
Income from discontinued operations
available to common stockholders  
300.8 300.8
149.9 149.9
Net income  
$596.5 $596.5
$516.7 $516.7
Distributed and undistributed earnings
allocated to participating securities 
(5.4)(5.4)
(3.8)(3.8)
Net income available to common
stockholders after earnings allocated to
participating securities  
$591.1 $591.1
$512.9 $512.9
Weighted-average common shares
outstanding  
245.6 245.6
343.4 343.4
Common share equivalents 
0.3
0.4
Weighted-average shares outstanding 
245.9
343.8
Earnings per common share:
Continuing operations  
$1.18 $1.18
$1.06 $1.06
Discontinued operations  
$1.22 $1.23
$0.43 $0.43
Total  
$2.40 $2.41
$1.49 $1.49
Anti-dilutive shares totaling 7.8 million in 2013, 21.6 million in 2012 and 25.1 million in 2011 have been excluded from diluted weighted-
average shares outstanding.
90