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Earnings Per Share
6 Months Ended
Jun. 30, 2011
Earnings Per Share  
Earnings Per Share

NOTE 3. EARNINGS PER SHARE

A reconciliation of the numerators and denominators of basic earnings per share and diluted earnings per share for net income attributable to AT&T for the three and six months ended June 30, 2011 and 2010, are shown in the table below:

 

     

Three months ended

June 30,

    

Six months ended

June 30,

 
              2011            2010                    2011      2010      

Numerators

           

Numerator for basic earnings per share:

           

Income from continuing operations

   $         3,658        $         4,087                $         7,126                $         6,625            

Net income attributable to noncontrolling interest

     (67)         (79)                 (127)                 (166)           

 

 

Income from continuing operations attributable to AT&T

     3,591          4,008                  6,999                  6,459            

Dilutive potential common shares:

           

Other share-based payment

             2                  6                  4            

 

 

Numerator for diluted earnings per share

   $ 3,594        $ 4,010                $ 7,005                $ 6,463            

 

 

Denominators (000,000)

           

Denominator for basic earnings per share:

           

Weighted average number of common shares outstanding

     5,932          5,909                  5,929                  5,907            

Dilutive potential common shares:

           

Stock options

             3                  4                  3            

Other share-based payment

     16          25                  15                  26            

 

 

Denominator for diluted earnings per share

     5,953          5,937                  5,948                  5,936            

 

 

Basic earnings per share from continuing operations attributable to AT&T

   $ 0.60        $ 0.68                $ 1.18                $ 1.09            

Basic earnings per share from discontinued operations attributable to AT&T

                               

 

 

Basic earnings per share attributable to AT&T

   $ 0.60        $ 0.68                $ 1.18                $ 1.09            

 

 

Diluted earnings per share from continuing operations attributable to AT&T

   $ 0.60        $ 0.67                $ 1.18                $ 1.09            

Diluted earnings per share from discontinued operations attributable to AT&T

             -                           -             

 

 

Diluted earnings per share attributable to AT&T

   $ 0.60        $ 0.67                $ 1.18                $ 1.09            

 

 

At June 30, 2011 and 2010, we had issued and outstanding options to purchase approximately 90 million and 143 million shares of AT&T common stock. At June 30, 2011 and 2010, the exercise prices of 57 million and 127 million shares were above the market price of AT&T stock for the respective periods. Accordingly, we did not include these amounts in determining the dilutive potential common shares. At June 30, 2011 and 2010, the exercise prices of 30 million and 12 million vested stock options were below market price.