EX-11.1 5 j2488_ex11d1.htm EX-11.1 Prepared by MERRILL CORPORATION

Exhibit 11.1

 

THE HOME DEPOT, INC. AND SUBSIDIARIES

 

COMPUTATION OF BASIC AND DILUTED

EARNINGS PER SHARE

 

 

(In Millions, Except Per Share Data)

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

 

 

 

 

 

 

 

 

 

 

October 28,

 

October 29,

 

October 28,

 

October 29,

 

 

 

2001

 

2000

 

2001

 

2000

 

BASIC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Earnings Available to Common Shareholders

 

$

778

 

$

650

 

$

2,334

 

$

2,116

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Number of Common Shares Outstanding

 

2,337

 

2,317

 

2,332

 

2,313

 

 

 

 

 

 

 

 

 

 

 

Basic Earnings Per Share

 

$

0.33

 

$

0.28

 

$

1.00

 

$

0.91

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DILUTED

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Earnings Available to Common Shareholders

 

$

778

 

$

650

 

$

2,334

 

$

2,116

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Number of Common Shares Outstanding

 

2,337

 

2,317

 

2,332

 

2,313

 

 

 

 

 

 

 

 

 

 

 

Effect of Potentially Dilutive Securities:

 

 

 

 

 

 

 

 

 

Employee Stock Plans

 

15

 

35

 

18

 

39

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Number of Common Shares Outstanding Assuming Dilution

 

2,352

 

2,352

 

2,350

 

2,352

 

 

 

 

 

 

 

 

 

 

 

Diluted Earnings Per Share

 

$

0.33

 

$

0.28

 

$

0.99

 

$

0.90

 

 

 

Employee stock plans represent options and shares granted under the Company’s employee stock purchase, stock option and deferred compensation stock plans.