DELTA AIR LINES INC /DE/ | 2013 | FY | 3

EARNINGS PER SHARE

We calculate basic earnings per share by dividing the net income by the weighted average number of common shares outstanding, excluding restricted shares. The following table shows our computation of basic and diluted earnings per share:
 
Year Ended December 31,
(in millions, except per share data)
2013
2012
2011
Net income
$
10,540

$
1,009

$
854

 
 
 
 
Basic weighted average shares outstanding
849

845

838

Dilutive effects of share based awards
9

5

6

Diluted weighted average shares outstanding
858

850

844

 
 
 
 
Basic earnings per share
$
12.41

$
1.20

$
1.02

Diluted earnings per share
$
12.29

$
1.19

$
1.01

 
 
 
 
Antidilutive common stock equivalents excluded from diluted earnings per share
8

18

17

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