Sprint - Nextel 2005 Annual Report Download - page 121

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SPRINT NEXTEL CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Following is previously reported earnings per common share information for the FON Group and the PCS
Group:
2003
FON
Group
PCS
Group
(in millions, except earnings and
dividends per common share)
Income (loss) from continuing operations ................................ $ 360 $ (652)
Discontinued operations, net ............................................ 1,324 —
Cumulative effect of change in accounting principle, net ...................... 258 —
Net income (loss) ..................................................... 1,942 (652)
Preferred stock dividends received (paid) .................................. 8 (15)
Income (loss) available to common shareholders .......................... $ 1,950 $ (667)
Basic earnings (loss) per common share(2)
Continuing operations ............................................... $ 0.41 $ (0.65)
Discontinued operations, net .......................................... 1.47 —
Cumulative effect of change in accounting principle, net .................... 0.29 —
Total ............................................................... $ 2.16 $ (0.65)
Basic weighted average common shares ................................... 901 1,029
Diluted earnings (loss) per common share(1)(2)
Continuing operations ............................................... $ 0.41 $ (0.65)
Discontinued operations, net .......................................... 1.47 —
Cumulative effect of change in accounting principle, net .................... 0.29 —
Total ............................................................... $ 2.16 $ (0.65)
Diluted weighted average common shares .................................. 903 1,029
Dividends per common share
FON common stock ................................................. $ 0.50 $ —
(1) As the effects of including potentially dilutive PCS securities were antidilutive, they were not included in the
diluted weighted average common shares outstanding for the PCS Group, nor were they included in the
calculation of diluted earnings per common share.
(2) Earnings per common share amounts may not add due to rounding.
F-26