|
| | | | | | | | | | | | | | | | |
| | Three Months Ended September 30, | | Nine Months Ended September 30, |
| | 2014 | | 2013 | | 2014 | | 2013 |
Numerator: | | | | | | | | |
Net income | | $ | 287 |
| | $ | 256 |
| | $ | 902 |
| | $ | 787 |
|
Less: | | | | | | | | |
Allocation of undistributed income to Series A convertible preferred stock | | (58 | ) | | (51 | ) | | (183 | ) | | (154 | ) |
Net income attributable to noncontrolling interests | | — |
| | (1 | ) | | (2 | ) | | (1 | ) |
Net income attributable to redeemable noncontrolling interests | | (7 | ) | | — |
| | (11 | ) | | — |
|
Redeemable noncontrolling interest adjustments to redemption value | | — |
| | — |
| | (1 | ) | | (1 | ) |
Net income available to Discovery Communications, Inc. Series A, B and C common and Series C convertible preferred stockholders for basic net income per share | | $ | 222 |
| | $ | 204 |
| | $ | 705 |
| | $ | 631 |
|
Net income allocable to Discovery Communications Inc. Series A, B and C common stockholders and Series C convertible preferred stockholders for basic net income per share: | | | | | | | | |
Series A, B and C common stockholders | | 186 |
| | 173 |
| | 592 |
| | 533 |
|
Series C convertible preferred stockholders | | 36 |
| | 31 |
| | 113 |
| | 98 |
|
Total | | 222 |
| | 204 |
| | 705 |
| | 631 |
|
| | | | | | | | |
Add back: | | | | | | | | |
Allocation of undistributed income to Series A convertible preferred stock | | 58 |
| | 51 |
| | 183 |
| | 154 |
|
Net income available to Discovery Communications, Inc. Series A, B and C common stockholders for diluted net income per share | | $ | 280 |
| | $ | 255 |
| | $ | 888 |
| | $ | 785 |
|
| | | | | | | | |
Denominator: | | | | | | | | |
Weighted average Series A, B and C common shares outstanding — basic | | 449 |
| | 483 |
| | 458 |
| | 488 |
|
Weighted average impact of assumed preferred stock conversion | | 227 |
| | 229 |
| | 228 |
| | 231 |
|
Weighted average dilutive effect of equity awards | | 6 |
| | 7 |
| | 7 |
| | 8 |
|
Weighted average Series A, B and C common shares outstanding — diluted | | 682 |
| | 719 |
| | 693 |
| | 727 |
|
Weighted average Series C convertible preferred stock outstanding — basic and diluted | | 43 |
| | 44 |
| | 44 |
| | 45 |
|
| | | | | | | | |
Basic net income per share available to Discovery Communications, Inc. Series A, B and C common and Series C convertible preferred stockholders: | | | | | | | | |
Series A, B and C common stockholders | | $ | 0.41 |
| | $ | 0.36 |
| | $ | 1.29 |
| | $ | 1.09 |
|
Series C convertible preferred stockholders | | $ | 0.82 |
| | $ | 0.72 |
| | $ | 2.58 |
| | $ | 2.18 |
|
| | | | | | | | |
Diluted net income per share available to Discovery Communications, Inc. Series A, B and C common and Series C convertible preferred stockholders: | | | | | | | | |
Series A, B and C common stockholders | | $ | 0.41 |
| | $ | 0.35 |
| | $ | 1.28 |
| | $ | 1.08 |
|
Series C convertible preferred stockholders(a) | | $ | 0.82 |
| | $ | 0.70 |
| | $ | 2.56 |
| | $ | 2.16 |
|