AYE » Topics » NOTE 10: INCOME PER SHARE

This excerpt taken from the AYE 10-Q filed May 10, 2005.

NOTE 10: INCOME PER SHARE

 

The information used to compute Allegheny’s income per share is as follows:

 

    

Three Months Ended

March 31,


(In millions, except per share data)


   2005

   2004

Basic Earnings Per Share—Numerator

             

Income from continuing operations

   $ 34.4    $ 30.6

Income from discontinued operations

     8.2      2.7
    

  

Net income

   $ 42.6    $ 33.3
    

  

Diluted Earnings Per Share—Numerator

             

Income from continuing operations

   $ 34.4    $ 30.6

Addback: Interest expense on convertible securities, net of tax

     6.0      5.4

Income from discontinued operations

     8.2      2.7
    

  

Diluted earnings per share- numerator

   $ 48.6    $ 38.7
    

  

Basic Earnings Per Share—Denominator

             

Weighted average common shares outstanding

     137,417,964      126,969,238
    

  

Diluted Earnings Per Share—Denominator

             

Weighted average common shares outstanding

     137,417,964      126,969,238

Stock options

     957,115      —  

Performance shares

     59,366      103,302

Non-employee stock awards

     16,800      —  

Stock units

     2,223,098      868,643

Convertible securities

     25,000,000      25,000,000
    

  

Total

     165,674,343      152,941,183
    

  

 

22


Table of Contents

ALLEGHENY ENERGY, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

 

This excerpt taken from the AYE 10-Q filed May 10, 2005.

NOTE 10: INCOME PER SHARE

 

The information used to compute Allegheny’s income per share is as follows:

 

    

Three Months Ended

March 31,


(In millions, except per share data)


   2005

   2004

Basic Earnings Per Share—Numerator

             

Income from continuing operations

   $ 34.4    $ 30.6

Income from discontinued operations

     8.2      2.7
    

  

Net income

   $ 42.6    $ 33.3
    

  

Diluted Earnings Per Share—Numerator

             

Income from continuing operations

   $ 34.4    $ 30.6

Addback: Interest expense on convertible securities, net of tax

     6.0      5.4

Income from discontinued operations

     8.2      2.7
    

  

Diluted earnings per share- numerator

   $ 48.6    $ 38.7
    

  

Basic Earnings Per Share—Denominator

             

Weighted average common shares outstanding

     137,417,964      126,969,238
    

  

Diluted Earnings Per Share—Denominator

             

Weighted average common shares outstanding

     137,417,964      126,969,238

Stock options

     957,115      —  

Performance shares

     59,366      103,302

Non-employee stock awards

     16,800      —  

Stock units

     2,223,098      868,643

Convertible securities

     25,000,000      25,000,000
    

  

Total

     165,674,343      152,941,183
    

  

 

22


Table of Contents

ALLEGHENY ENERGY, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

 

EXCERPTS ON THIS PAGE:

10-Q
May 10, 2005
10-Q
May 10, 2005
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