EX-11 7 exhibit11.txt COMPUTATION OF EARNINGS PER SHARE EXHIBIT 11 BellSouth Corporation Computation of Earnings Per Share (in millions, except per share amounts) For the Three Month Period Ended March 31, --------- 2000 2001 ---- ---- Basic Earnings Per Common Share: Net Income $ 1,001 $ 891 ======= ===== Weighted average shares Outstanding 1,881 1,873 ===== ===== Earnings Per Common Share $ .53 $ .48 ====== ===== EXHIBIT 11 BellSouth Corporation Computation of Earnings Per Share (continued) (in millions, except per share amounts) For the Three Month Period Ended March 31, --------- 2000 2001 ---- ---- Diluted Earnings per Common Share: Net Income $ 1,001 $ 891 ======= ===== Weighted average shares Outstanding 1,881 1,873 Incremental shares from Assumed exercise of stock options and payment of performance share awards 17 13 ----- ----- Total Shares 1,898 1,886 ===== ===== Earnings Per Common Share $ .53 $ .47 ====== =====