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Earnings Per Common Share
12 Months Ended
Dec. 31, 2011
Earnings Per Common Share  
Earnings Per Common Share

15                   Earnings Per Common Share

 

The following is a reconciliation of basic and diluted earnings per common share for the respective years:

 

In millions, except per share amounts 

 

2011

 

2010

 

2009

 

Numerator for earnings per common share calculation:

 

 

 

 

 

 

 

Income from continuing operations

 

$

3,488

 

$

3,422

 

$

3,700

 

Net loss attributable to noncontrolling interest

 

4

 

3

 

 

 

 

 

 

 

 

 

 

Income from continuing operations attributable to CVS Caremark, basic

 

3,492

 

3,425

 

3,700

 

Income (loss) from discontinued operations, net of tax

 

(31

)

2

 

(4

)

 

 

 

 

 

 

 

 

Net income attributable to CVS Caremark, basic and diluted

 

$

3,461

 

$

3,427

 

$

3,696

 

 

 

 

 

 

 

 

 

Denominator for earnings per common share calculation:

 

 

 

 

 

 

 

Weighted average common shares, basic

 

1,338

 

1,367

 

1,434

 

Preference stock

 

 

 

1

 

Stock options

 

8

 

8

 

10

 

Restricted stock units

 

1

 

2

 

5

 

 

 

 

 

 

 

 

 

Weighted average common shares, diluted

 

1,347

 

1,377

 

1,450

 

 

 

 

 

 

 

 

 

Basic earnings per common share:

 

 

 

 

 

 

 

Income from continuing operations attributable to CVS Caremark

 

$

2.61

 

$

2.51

 

$

2.58

 

Loss from discontinued operations attributable to CVS Caremark

 

(0.02

)

 

 

 

 

 

 

 

 

 

 

Net income attributable to CVS Caremark

 

$

2.59

 

$

2.51

 

$

2.58

 

 

 

 

 

 

 

 

 

Diluted earnings per common share:

 

 

 

 

 

 

 

Income from continuing operations attributable to CVS Caremark

 

$

2.59

 

$

2.49

 

$

2.55

 

Loss from discontinued operations attributable to CVS Caremark

 

(0.02

)

 

 

 

 

 

 

 

 

 

 

Net income attributable to CVS Caremark

 

$

2.57

 

$

2.49

 

$

2.55