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Net Earnings (Loss) Per Share Attributable To Devon
 3 Months Ended
Mar. 31, 2015
Net earnings (loss) per share attributable to Devon:  
Net Earnings (Loss) Per Share Attributable To Devon

7.     Net Earnings (Loss) Per Share Attributable to Devon

 

The following table reconciles net earnings (loss) attributable to Devon and common shares outstanding used in the calculations of basic and diluted net earnings per share.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

Earnings (loss)

 

 

Earnings (loss)

 

Common Shares

 

per  Share

 

 

 

 

 

 

 

 

 

 

 

  

(Millions, except per share amounts)

Three Months Ended March 31, 2015:

  

 

 

 

 

 

 

 

 

Net loss attributable to Devon

  

$
(3,599)

 

 
410 

 

 

 

Attributable to participating securities

  

 
(1)

 

 
(4)

 

 

 

Basic net loss per share

 

 
(3,600)

 

 
406 

 

$
(8.88)

Dilutive effect of potential common shares issuable

 

 

 -

 

 

 -

 

 

 

Diluted net loss per share

  

$
(3,600)

 

 
406 

 

$
(8.88)

 

  

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2014:

  

 

 

 

 

 

 

 

 

Net earnings attributable to Devon

  

$
324 

 

 
407 

 

 

 

Attributable to participating securities

  

 
(2)

 

 
(4)

 

 

 

Basic net earnings per share

  

 
322 

 

 
403 

 

$
0.80 

Dilutive effect of potential common shares issuable

  

 

 -

 

 
2 

 

 

 

Diluted net earnings per share

  

$
322 

 

 
405 

 

$
0.79 

 

 

 

 

 

 

 

 

 

 

 

Certain options to purchase shares of Devon’s common stock are excluded from the dilution calculation because the options are antidilutive. These excluded options totaled 4.1 million shares and 6.3 million shares for the three months ended March 31, 2015 and 2014, respectively.