EX-11 3 form10q33105ex11.txt Exhibit 11 BellSouth Corporation Computation of Earnings Per Share (Dollars in Millions) For the three months ended March 31, 2004 2005 ---- ---- ------------------------------------------------- EARNINGS PER SHARE - BASIC: ------------------------------------------------- Income From Continuing Operations Before Discontinued Operations..................... $ 1,150 $ 683 Discontinued Operations, net of tax.............. 449 381 --------------- ------------- Net Income....................................... $ 1,599 $ 1,064 =============== ============= =============== ============= Weighted Average Shares Outstanding.............. 1,832 1,831 Earnings Per Common Share Before Discontinued Operations..................... $ 0.63 $ 0.37 Discontinued Operations, net of tax.............. 0.25 0.21 --------------- ------------- Earnings Per Share*.............................. $0.87 $0.58 =============== ============= ------------------------------------------------- EARNINGS PER SHARE - DILUTED: ------------------------------------------------- Income From Continuing Operations Before Discontinued Operations..................... $ 1,150 $ 683 Discontinued Operations, net of tax.............. 449 381 --------------- ------------- Net Income....................................... $ 1,599 $ 1,064 =============== ============= Weighted Average Shares Outstanding.............. 1,832 1,831 Incremental shares from assumed exercise of stock options and payment of performance share awards.................... 6 5 --------------- ------------- Diluted Shares Outstanding....................... 1,838 1,836 =============== ============= =============== ============= Earnings Per Common Share Before Discontinued Operations..................... $ 0.63 $ 0.37 Discontinued Operations, net of tax.............. 0.24 0.21 --------------- ------------- --------------- ------------- Earnings Per Share............................... $ 0.87 $0.58 =============== ============= *Earnings Per Share may not sum due to rounding.