Earnings per share

12 Months Ended

Dec. 31, 2011

Earnings per share

Earnings per share

in	2011	2010	2009
Net income attributable to shareholders (CHF million)
Income from continuing operations	1,953	5,117	6,555
Income/(loss) from discontinued operations, net of tax	0	(19)	169
Net income attributable to shareholders	1,953	5,098	6,724
Preferred securities dividends	(216)	(162)	(131)
Net income attributable to shareholders for basic earnings per share	1,737	4,936	6,593
Available for common shares	1,640	4,670	6,204
Available for unvested share-based payment awards	97	266	389
Net income attributable to shareholders for diluted earnings per share	1,737	4,936	6,593
Available for common shares	1,640	4,671	6,214
Available for unvested share-based payment awards	97	265	379
Weighted-average shares outstanding (million)
Weighted-average shares outstanding for basic earnings per share available for common shares	1,198.5	1,194.8	1,174.2
Dilutive share options and warrants	2.9	5.9	6.3
Dilutive share awards	5.3	0.4	29.5
Weighted-average shares outstanding for diluted earnings per share available for common shares 1	1,206.7	1,201.1	1,210.0
Weighted-average shares outstanding for basic/diluted earnings per share available for unvested share-based payment awards	72.6	67.4	73.9
Basic earnings per share available for common shares (CHF)
Basic earnings per share from continuing operations	1.37	3.93	5.14
Basic earnings/(loss) per share from discontinued operations	0.00	(0.02)	0.14
Basic earnings per share available for common shares	1.37	3.91	5.28
Diluted earnings per share available for common shares (CHF)
Diluted earnings per share from continuing operations	1.36	3.91	5.01
Diluted earnings/(loss) per share from discontinued operations	0.00	(0.02)	0.13
Diluted earnings per share available for common shares	1.36	3.89	5.14
1    Weighted-average potential common shares relating to instruments that were not dilutive for the respective periods (and therefore not included in the diluted earnings per share calculation above) but could potentially dilute earnings per share in the future were 37.3 million, 50.2 million and 57.3 million for 2011, 2010 and 2009, respectively.