CIGNA CORP | 2013 | FY | 3

Note 4 — Earnings Per Share

 

Basic and diluted earnings per share were computed as follows:

       

    Effect of   
(Dollars in millions, except per share amounts)BasicDilutionDiluted
2013       
Shareholders' net income$ 1,476$ -$ 1,476
Shares(in thousands):      
Weighted average  279,296  -  279,296
Common stock equivalents     5,389  5,389
Total shares  279,296  5,389  284,685
EPS$ 5.28$ (0.10)$ 5.18
2012       
Shareholders' net income$ 1,623$ -$ 1,623
Shares(in thousands):      
Weighted average  284,819  -  284,819
Common stock equivalents     4,711  4,711
Total shares  284,819  4,711  289,530
EPS$ 5.70$ (0.09)$ 5.61
2011       
Shareholders' net income$ 1,260$ -$ 1,260
Shares(in thousands):      
Weighted average  270,691  -  270,691
Common stock equivalents     3,558  3,558
Total shares  270,691  3,558  274,249
EPS$ 4.65$ (0.06)$ 4.59

The following outstanding employee stock options were not included in the computation of diluted earnings per share because their effect would have increased diluted earnings per share (antidilutive).

       

(In millions)201320122011
Antidilutive options0.92.53.7

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