HUMANA INC | 2013 | FY | 3


13. EARNINGS PER COMMON SHARE COMPUTATION

Detail supporting the computation of basic and diluted earnings per common share was as follows for the years ended December 31, 2013, 2012 and 2011:

 

     2013      2012      2011  
     (dollars in millions, except per
common share results, number of
shares/options in thousands)
 

Net income available for common stockholders

   $ 1,231       $ 1,222       $ 1,419   
  

 

 

    

 

 

    

 

 

 

Weighted-average outstanding shares of common stock used to compute basic earnings per common share

     157,503         161,484         165,413   

Dilutive effect of:

        

Employee stock options

     322         576         959   

Restricted stock

     1,326         1,397         1,455   
  

 

 

    

 

 

    

 

 

 

Shares used to compute diluted earnings per common share

     159,151         163,457         167,827   
  

 

 

    

 

 

    

 

 

 

Basic earnings per common share

   $ 7.81       $ 7.56       $ 8.58   
  

 

 

    

 

 

    

 

 

 

Diluted earnings per common share

   $ 7.73       $ 7.47       $ 8.46   
  

 

 

    

 

 

    

 

 

 

Number of antidilutive stock options and restricted stock awards excluded from computation

     704         754         864   

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