EX-11 2 exh11.htm EXHIBIT 11 Unassociated Document
Exhibit 11
CenturyLink, Inc.
COMPUTATIONS OF EARNINGS PER SHARE
(UNAUDITED)
 
 
 
   
Three months
 
   
ended March 31,
 
   
2011
   
2010
 
   
(Dollars, except per share amounts,
and shares in thousands)
 
             
Income (Numerator):
           
Net income attributable to CenturyLink, Inc.
  $ 211,095       252,601  
Dividends applicable to preferred stock
    (3 )     (3 )
Earnings applicable to unvested restricted stock awards
    (1,389 )     (1,138 )
                 
Net income as adjusted for purposes of computing basic earnings per share
    209,703       251,460  
Dividends applicable to preferred stock
    3       3  
                 
Net income as adjusted for purposes of computing diluted earnings per share
  $ 209,706       251,463  
                 
Shares (Denominator):
               
Weighted average number of shares:
               
      Outstanding during period
    305,384       299,547  
      Unvested restricted stock
    (2,009 )     (1,349 )
      Unvested restricted stock units
    457       1,215  
                 
Weighted average number of shares outstanding during period for computing basic earnings per share
    303,832       299,413  
                 
Incremental common shares attributable to dilutive securities:
               
      Shares issuable under convertible securities
    13       13  
      Shares issuable under incentive compensation plans
    634       571  
                 
Number of shares as adjusted for purposes of computing diluted earnings per share
    304,479       299,997  
                 
Basic earnings per share
  $ .69       .84  
                 
Diluted earnings per share
  $ .69       .84