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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share

 

 

For the three months ended June 30,

 

 

For the six months ended June 30,

 

(millions, except per share amounts)

2015

 

 

2014 (1)

 

 

2015

 

 

2014 (1)

 

Basic earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income from continuing operations

$

61.5

 

 

$

57.6

 

 

$

125.3

 

 

$

106.0

 

Amount allocated to nonvested participating shareholders

 

(0.2

)

 

 

(0.2

)

 

 

(0.4

)

 

 

(0.4

)

Income before discontinued operations available to

   common shareholders - Basic

$

61.3

 

 

$

57.4

 

 

$

124.9

 

 

$

105.6

 

Income (loss) from discontinued operations, net

$

(49.7

)

 

$

0.8

 

 

$

(55.5

)

 

$

2.5

 

Amount allocated to nonvested participating shareholders

 

0.0

 

 

 

0.0

 

 

 

0.0

 

 

 

0.0

 

Income (loss) from discontinued operations available to

   common shareholders - Basic

$

(49.7

)

 

$

0.8

 

 

$

(55.5

)

 

$

2.5

 

Net income

$

11.8

 

 

$

58.4

 

 

$

69.8

 

 

$

108.5

 

Amount allocated to nonvested participating shareholders

 

(0.2

)

 

 

(0.2

)

 

 

(0.4

)

 

 

(0.4

)

Net income available to common shareholders - Basic

$

11.6

 

 

$

58.2

 

 

$

69.4

 

 

$

108.1

 

Average common shares outstanding - Basic

 

233.0

 

 

 

215.4

 

 

 

232.9

 

 

 

215.3

 

Earnings per share from continuing operations available to

   common shareholders - Basic

$

0.26

 

 

$

0.27

 

 

$

0.53

 

 

$

0.49

 

Earnings per share from discontinued operations available to

   common shareholders - Basic

$

(0.21

)

 

$

0.0

 

 

$

(0.23

)

 

$

0.01

 

Earnings per share available to common shareholders - Basic

$

0.05

 

 

$

0.27

 

 

$

0.30

 

 

$

0.50

 

Diluted earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income from continuing operations

$

61.5

 

 

$

57.6

 

 

$

125.3

 

 

$

106.0

 

Amount allocated to nonvested participating shareholders

 

(0.2

)

 

 

(0.2

)

 

 

(0.4

)

 

 

(0.4

)

Income before discontinued operations available to

   common shareholders - Diluted

$

61.3

 

 

$

57.4

 

 

$

124.9

 

 

$

105.6

 

Income (loss) from discontinued operations, net

$

(49.7

)

 

$

0.8

 

 

$

(55.5

)

 

$

2.5

 

Amount allocated to nonvested participating shareholders

 

0.0

 

 

 

0.0

 

 

 

0.0

 

 

 

0.0

 

Income (loss) from discontinued operations available to

   common shareholders - Diluted

$

(49.7

)

 

$

0.8

 

 

$

(55.5

)

 

$

2.5

 

Net income

$

11.8

 

 

$

58.4

 

 

$

69.8

 

 

$

108.5

 

Amount allocated to nonvested participating shareholders

 

(0.2

)

 

 

(0.2

)

 

 

(0.4

)

 

 

(0.4

)

Net income available to common shareholders - Diluted

$

11.6

 

 

$

58.2

 

 

$

69.4

 

 

$

108.1

 

Unadjusted average common shares outstanding - Diluted

 

233.0

 

 

 

215.4

 

 

 

232.9

 

 

 

215.3

 

Assumed conversion of stock options, unvested restricted stock and

   contingent performance shares, net

 

0.6

 

 

 

0.5

 

 

 

0.6

 

 

 

0.5

 

Average common shares outstanding - Diluted

 

233.6

 

 

 

215.9

 

 

 

233.5

 

 

 

215.8

 

Earnings per share from continuing operations available to

   common shareholders - Diluted

$

0.26

 

 

$

0.27

 

 

$

0.53

 

 

$

0.49

 

Earnings per share from discontinued operations available to

   common shareholders - Diluted

$

(0.21

)

 

$

0.0

 

 

$

(0.23

)

 

$

0.01

 

Earnings per share available to common shareholders - Diluted

$

0.05

 

 

$

0.27

 

 

$

0.30

 

 

$

0.50

 

Anti-dilutive shares

 

0.4

 

 

 

0.0

 

 

 

0.3

 

 

 

0.0

 

(1) All prior periods presented reflect the classification of TECO Coal as discontinued operations (see Note 15).