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Earnings Per Share (Notes)
 12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
Earnings (Loss) Per Share
The following table displays the computation of basic and diluted loss per share of common stock for the years ended December 31, 2012, 2011 and 2010.

For the Year Ended December 31,

2012
 
2011
 
2010

(Dollars and shares in millions, except per share amounts)
Net income (loss)
$
17,220

 
$
(16,855
)
 
$
(14,018
)
Less: Net loss attributable to noncontrolling interest
4

 
—

 
4

Net income (loss) attributable to Fannie Mae
17,224

 
(16,855
)
 
(14,014
)
Preferred stock dividends
(11,603
)
 
(9,614
)
 
(7,704
)
Undistributed earnings available for distribution to senior preferred stockholder
(4,224
)
 
—

 
—

Net income (loss) attributable to common stockholders
$
1,397

 
$
(26,469
)
 
$
(21,718
)
Weighted-average common shares outstanding—Basic(1)
5,762

 
5,737

 
5,694

Convertible preferred stock
131

 
—

 
—

Weighted-average common shares outstanding—Diluted(1)
5,893

 
5,737

 
5,694

Earnings (loss) per share:
 
 
 
 
 
Basic
$
0.24

 
$
(4.61
)
 
$
(3.81
)
Diluted
$
0.24

 
$
(4.61
)
 
$
(3.81
)
__________
(1) 
Includes 4.7 billion for the year ended December 31, 2012, and 4.6 billion for both the years ended December 31, 2011 and 2010 of weighted-average shares of common stock, that would be issued upon the full exercise of the warrant issued to Treasury from the date the warrant was issued through December 31, 2012, 2011 and 2010, respectively.
In 2012, the terms of the senior preferred stock purchase agreement were amended to ultimately require the payment of our entire net worth to Treasury. Although the calculation of earnings per share presented above and on our consolidated statements of operations and comprehensive income (loss) reflects basic and diluted earnings of $0.24 attributable to common stockholders for the year ended December 31, 2012, such amounts are not available to common stockholders under the amended terms of the senior preferred stock purchase agreement.
There was no impact to the numerator of our diluted EPS calculation from the dilutive convertible preferred stock for the year ended December 31, 2012.
Weighted-average options and performance awards to purchase approximately 3 million, 5 million and 8 million shares of common stock were outstanding for the years ended December 31, 2012, 2011 and 2010, respectively, and were excluded from the computation of diluted EPS in the table above as they would have been anti-dilutive.