EX-11 3 form10q93005ex11.htm

Exhibit 11

BellSouth Corporation

Computation of Earnings Per Share

(Dollars in Millions)

                

 

For the Three Months Ended

September 30,

For the Nine  

Months Ended

September 30,

 

2004

2005

2004

2005

 

 

 

 

 

EARNINGS PER SHARE – BASIC:

 

 

 

 

 

 

 

 

 

Income From Continuing Operations

$ 852

$ 817

$ 2,941

$ 2,295

 

 

 

 

 

Discontinued Operations, net of tax

(53)

453

381

 

 

 

 

 

Net Income

$ 799

$ 817

$ 3,394

$ 2,676

 

 

 

 

 

Weighted Average Shares Outstanding

1,831

1,831

1,832

1,831

 

 

 

 

 

Earnings Per Common Share From Continuing Operations

$ 0.47

$ 0.45

$ 1.61

$ 1.25

 

 

 

 

 

Discontinued Operations

(0.03)

0.25

0.21

 

 

 

 

 

Earnings Per Share

$ 0.44

$ 0.45

$ 1.85

$ 1.46

 

 

 

 

 

 

 

 

 

 

EARNINGS PER SHARE – DILUTED:

 

 

 

 

 

 

 

 

 

Income From Continuing Operations

$ 852

$ 817

$ 2,941

$ 2,295

 

 

 

 

 

Discontinued Operations, net of tax

(53)

453

381

 

 

 

 

 

Net Income

$ 799

$ 817

$ 3,394

$ 2,676

 

 

 

 

 

Weighted Average Shares Outstanding

1,831

1,831

1,832

1,831

 

 

 

 

 

Incremental shares from assumed exercise of stock options and payment of performance share awards

4

5

4

4

 

 

 

 

 

Diluted Shares Outstanding

1,835

1,836

1,836

1,835

 

 

 

 

 

Earnings Per Common Share From Continuing Operations

$ 0.46

$ 0.44

$ 1.60

$ 1.25

 

 

 

 

 

Discontinued Operations

(0.03)

0.25

0.21

 

 

 

 

 

Earnings Per Share*

$ 0.44

$ 0.44

$ 1.85

$ 1.46

 

*Earnings Per Share does not sum due to rounding.