17. | EARNINGS PER COMMON SHARE |
Year Ended December 31, | |||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||
Restricted Stock | Common Stock | Restricted Stock | Common Stock | Restricted Stock | Common Stock | ||||||||||||||||||
Earnings per common share from continuing operations: | |||||||||||||||||||||||
Net income attributable to Valero stockholders from continuing operations | $ | 2,720 | $ | 2,083 | $ | 2,097 | |||||||||||||||||
Less dividends paid: | |||||||||||||||||||||||
Common stock | 460 | 358 | 168 | ||||||||||||||||||||
Nonvested restricted stock | 2 | 2 | 1 | ||||||||||||||||||||
Undistributed earnings | $ | 2,258 | $ | 1,723 | $ | 1,928 | |||||||||||||||||
Weighted-average common shares outstanding | 3 | 542 | 3 | 550 | 3 | 563 | |||||||||||||||||
Earnings per common share from continuing operations: | |||||||||||||||||||||||
Distributed earnings | $ | 0.85 | $ | 0.85 | $ | 0.65 | $ | 0.65 | $ | 0.30 | $ | 0.30 | |||||||||||
Undistributed earnings | 4.14 | 4.14 | 3.12 | 3.12 | 3.40 | 3.40 | |||||||||||||||||
Total earnings per common share from continuing operations | $ | 4.99 | $ | 4.99 | $ | 3.77 | $ | 3.77 | $ | 3.70 | $ | 3.70 | |||||||||||
Earnings per common share from continuing operations – assuming dilution: | |||||||||||||||||||||||
Net income attributable to Valero stockholders from continuing operations | $ | 2,720 | $ | 2,083 | $ | 2,097 | |||||||||||||||||
Weighted-average common shares outstanding | 542 | 550 | 563 | ||||||||||||||||||||
Common equivalent shares: | |||||||||||||||||||||||
Stock options | 4 | 4 | 4 | ||||||||||||||||||||
Performance awards and nonvested restricted stock | 2 | 2 | 2 | ||||||||||||||||||||
Weighted-average common shares outstanding – assuming dilution | 548 | 556 | 569 | ||||||||||||||||||||
Earnings per common share from continuing operations – assuming dilution | $ | 4.97 | $ | 3.75 | $ | 3.69 |
Year Ended December 31, | ||||||||
2013 | 2012 | 2011 | ||||||
Stock options | 1 | 4 | 6 |