PFIZER INC | 2013 | FY | 3


The following table provides the detailed calculation of Earnings per common share (EPS):
 
 
Year Ended December 31,
(IN MILLIONS)
 
2013

 
2012

 
2011

EPS Numerator––Basic
 
 

 
 
 
 
Income from continuing operations
 
$
11,410

 
$
9,021

 
$
7,860

Less: Net income attributable to noncontrolling interests
 
30

 
28

 
40

Income from continuing operations attributable to Pfizer Inc.
 
11,380

 
8,993

 
7,820

Less: Preferred stock dividends––net of tax
 
2

 
2

 
2

Income from continuing operations attributable to Pfizer Inc. common shareholders
 
11,378

 
8,991

 
7,818

Discontinued operations––net of tax
 
10,662

 
5,577

 
2,189

Less: Discontinued operations––net of tax, attributable to noncontrolling interests
 
39

 

 

Discontinued operations––net of tax, attributable to Pfizer Inc. common shareholders
 
10,623

 
5,577

 
2,189

Net income attributable to Pfizer Inc. common shareholders
 
$
22,001

 
$
14,568

 
$
10,007

EPS Numerator––Diluted
 
 

 
 

 
 
Income from continuing operations attributable to Pfizer Inc. common shareholders and assumed conversions
 
$
11,380

 
$
8,993

 
$
7,820

Discontinued operations––net of tax, attributable to Pfizer Inc. common shareholders and assumed conversions
 
10,623

 
5,577

 
2,189

Net income attributable to Pfizer Inc. common shareholders and assumed conversions
 
$
22,003

 
$
14,570

 
$
10,009

EPS Denominator
 
 

 
 

 
 
Weighted-average number of common shares outstanding––Basic
 
6,813

 
7,442

 
7,817

Common-share equivalents: stock options, stock issuable under employee compensation plans and convertible preferred stock
 
82

 
66

 
53

Weighted-average number of common shares outstanding––Diluted
 
6,895

 
7,508

 
7,870

Stock options that had exercise prices greater than the average market price of our common stock issuable under employee compensation plans(a)
 
43

 
177

 
272

(a) 
These common stock equivalents were outstanding for the years ended December 31, 2013, 2012 and 2011, but were not included in the computation of diluted EPS for those periods because their inclusion would have had an anti-dilutive effect.

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