7. Common Stock

Earnings Per Share - The reconciliation of NEE's basic and diluted earnings per share of common stock is as follows:



	Three Months Ended March 31,
	2012		2011
	(millions, except per share amounts)
Numerator - net income	$	461	$	268
Denominator:
Weighted-average number of common shares outstanding - basic	412.3		415.8
Performance share awards, options, restricted stock and equity units^(a)	2.4		2.6
Weighted-average number of common shares outstanding - assuming dilution	414.7		418.4
Earnings per share of common stock:
Basic	$	1.12	$	0.64
Assuming dilution	$	1.11	$	0.64

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(a)	Performance share awards are included in diluted weighted-average number of common shares outstanding based upon what would be issued if the end of the reporting period was the end of the term of the award. Performance share awards, options, restricted stock and equity units are included in diluted weighted-average number of common shares outstanding by applying the treasury stock method.

Common shares issuable pursuant to equity units and stock options, restricted stock and performance share awards which were not included in the denominator above due to their antidilutive effect were approximately 0.6 million and 14.3 million for the three months ended March 31, 2012 and 2011, respectively.