Ford 2012 Annual Report Download - page 147

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Ford Motor Company | 2012 Annual Report 145
FORD MOTOR COMPANY AND SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS
NOTE 26. CAPITAL STOCK AND AMOUNTS PER SHARE (Continued)
Amounts Per Share Attributable to Ford Motor Company Common and Class B Stock
Basic and diluted income per share were calculated using the following (in millions):
2012 2011 2010
Basic and Diluted Income Attributable to Ford Motor Company
Basic income from continuing operations $ 5,665 $20,213 $ 6,561
Effect of dilutive 2016 Convertible Notes (a) 46 64 173
Effect of dilutive 2036 Convertible Notes (a) 2 237
Effect of dilutive Trust Preferred Securities (a) (b) — 40 182
Diluted income from continuing operations $ 5,713 $20,319 $ 6,953
Basic and Diluted Shares (c)
Basic shares (average shares outstanding) 3,815 3,793 3,449
Net dilutive options and warrants 101 187 217
Dilutive 2016 Convertible Notes 96 95 291
Dilutive 2036 Convertible Notes 3 358
Dilutive Trust Preferred Securities (b) — 33 163
Diluted shares 4,015 4,111 4,178
__________
(a) As applicable, includes interest expense, amortization of discount, amortization of fees, and other changes in income or loss that would result from
the assumed conversion.
(b) The Trust Preferred Securities, which were convertible into Ford Common Stock, were fully redeemed on March 15, 2011.
(c) Includes (i) 53 million in average net dilutive shares for 2012 for warrants outstanding prior to exercise and (ii) 9 million in average basic shares
outstanding for 2012 for shares issued for warrants exercised. In total, by the deadline for exercise of December 31, 2012, 362 million warrants
were exercised on a net share settlement basis, resulting in the issuance of 106 million shares.
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