EX-11.1 3 j4035_ex11d1.htm EX-11.1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION

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

 

 

 

May 5,

2002

 

April 29,

2001

 

BASIC

 

 

 

 

 

 

 

 

 

 

 

Net Earnings Available to Common Shareholders

 

$

856

 

$

632

 

 

 

 

 

 

 

Weighted Average Number of Common Shares Outstanding

 

2,349

 

2,326

 

 

 

 

 

 

 

Basic Earnings Per Share

 

$

0.36

 

$

0.27

 

 

 

 

 

 

 

DILUTED

 

 

 

 

 

 

 

 

 

 

 

Net Earnings Available to Common Shareholders

 

$

856

 

$

632

 

 

 

 

 

 

 

Weighted Average Number of Common Shares Outstanding

 

2,349

 

2,326

 

 

 

 

 

 

 

Effect of Potentially Dilutive Securities: Employee Stock Plans

 

16

 

21

 

 

 

 

 

 

 

Weighted Average Number of Common Shares Outstanding Assuming Dilution

 

2,365

 

2,347

 

 

 

 

 

 

 

Diluted Earnings Per Share

 

$

0.36

 

$

0.27

 

 

Employee stock plans represent options and shares granted under the Company’s employee stock purchase, stock option, and deferred compensation stock plans.  Options to purchase 11.3 million and 10.6 million shares of common stock at May 5, 2002 and April 29, 2001, respectively, were excluded from the computation of diluted earnings per share because their effects would have been anti-dilutive.