NOTE 4 - EARNINGS PER
SHARE
The computations of
UAL’s basic and diluted earnings per share are set forth
below for the years ended December 31 (in millions, except per
share amounts):
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2016 |
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2015 |
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2014 |
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Basic earnings per
share:
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Earnings available to
common stockholders
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$ |
2,263 |
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$ |
7,340 |
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$ |
1,132 |
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Basic weighted-average
shares outstanding
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329.9 |
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376.1 |
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371.1 |
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Earnings per share,
basic
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$ |
6.86 |
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$ |
19.52 |
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$ |
3.05 |
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Diluted earnings per
share:
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Earnings available to
common stockholders
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$ |
2,263 |
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$ |
7,340 |
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$ |
1,132 |
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Effect of dilutive
securities
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— |
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— |
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11 |
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Earnings available to
common stockholders including the effect of dilutive
securities
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$ |
2,263 |
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$ |
7,340 |
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$ |
1,143 |
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Diluted shares
outstanding:
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Basic weighted-average
shares outstanding
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329.9 |
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376.1 |
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371.1 |
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Effect of convertible
notes
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— |
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0.3 |
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17.7 |
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Effect of employee stock
awards
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0.4 |
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0.5 |
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0.9 |
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Diluted weighted-average
shares outstanding
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330.3 |
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376.9 |
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389.7 |
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Earnings per share,
diluted
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$ |
6.85 |
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$ |
19.47 |
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$ |
2.93 |
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The number of antidilutive
securities excluded from the computation of diluted earnings per
share amounts was not material.
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