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Net Earnings (Loss) Per Share Attributable To Devon
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Net Earnings (Loss) Per Share Attributable To Devon

8.

Net Earnings (Loss) Per Share Attributable to Devon

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

 

 

(Millions, except per share amounts)

 

Net earnings (loss):

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) attributable to Devon

 

$

(3,302

)

 

$

(14,454

)

 

$

1,607

 

Attributable to participating securities

 

 

(2

)

 

 

(5

)

 

 

(17

)

Basic and diluted earnings (loss)

 

$

(3,304

)

 

$

(14,459

)

 

$

1,590

 

Common shares:

 

 

 

 

 

 

 

 

 

 

 

 

Common shares outstanding - total

 

 

513

 

 

 

412

 

 

 

409

 

Attributable to participating securities

 

 

(6

)

 

 

(5

)

 

 

(4

)

Common shares outstanding - basic

 

 

507

 

 

 

407

 

 

 

405

 

Dilutive effect of potential common shares issuable

 

 

—

 

 

 

—

 

 

 

2

 

Common shares outstanding - diluted

 

 

507

 

 

 

407

 

 

 

407

 

Net earnings (loss) per share attributable to Devon:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(6.52

)

 

$

(35.55

)

 

$

3.93

 

Diluted

 

$

(6.52

)

 

$

(35.55

)

 

$

3.91

 

Antidilutive options (1)

 

 

3

 

 

 

4

 

 

 

3

 

 

(1)

Amounts represent options to purchase shares of Devon’s common stock that are excluded from the diluted net earnings per share calculations because the options are antidilutive.