Question

The lower portion of the 2012 income statement for Duke Energy Corporation follows (dollars in millions, except per-share amounts):
Income from continuing operations ............. $1, 746
Income from discontinued operations, net of tax ........ 36
Net income ...................... 1,782
Less: Net income attributable to noncontrolling interests .... 14
Net income attributable to Duke Energy .......... $1,768
Earnings per share from continuing operations
Basic ......................... $ 3.01
Diluted ........................ $ 3.01
Earnings per share from discontinued operations
Basic ........................ $ 0.06
Diluted ........................ $ 0.06
Earnings per share
Basic ......................... $ 3.07
Diluted ........................ $ 3.07

REQUIRED:
a. Why is there a distinction among income from continuing operations, income from discontinued operations, and income from non-controlling interests?
b. Estimate the number of common shares outstanding.
c. Why is there a distinction between basic earnings per share and diluted earnings per share?
d. Is there a potential for securities to be converted into common shares?



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  • CreatedAugust 19, 2014
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