NET INCOME (LOSS) PER COMMON SHARE (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of Earnings Per Share Reconciliation

The following table presents a reconciliation of net income and shares used in calculating basic and diluted earnings per share for the quarters ended March 31, 2014 and 2013.

	For the Quarter Ended
	March 31, 2014			March 31, 2013
	(dollars in thousands, except per share data)
Net income (loss)	$	(203,351	)	$	870,278
Less: Preferred stock dividends		17,992			17,992
Net income (loss) available to common shareholders, prior to adjustment for dilutive potential common shares, if necessary		(221,343	)		852,286
Add:  Interest on Convertible Senior Notes, if dilutive		-			10,450
Net income (loss) available to common shareholders, as adjusted		(221,343	)		862,736
Weighted average shares of common stock outstanding-basic		947,458,813			947,249,901
Add:  Effect of dilutive stock options and Convertible Senior Notes, if dilutive		-			47,565,268
Weighted average shares of common  stock outstanding-diluted		947,458,813			994,815,169
Net income (loss) per share available (related) to common share:
Basic	$	(0.23	)	$	0.90
Diluted	$	(0.23	)	$	0.87