EX-11 2 form10q033106ex11.htm

Exhibit 11

BellSouth Corporation

Computation of Earnings Per Share

(Dollars in Millions)

                

 

For the Three Months Ended

  March 31,

 

2005

2006

 

 

 

EARNINGS PER SHARE – BASIC:

 

 

 

 

 

Income From Continuing Operations

$ 683

$ 784

 

 

 

Discontinued Operations, net of tax

381

—

 

 

 

Net Income

$ 1,064

$ 784

 

 

 

Weighted Average Shares Outstanding

1,831

1,797

 

 

 

Earnings Per Common Share From Continuing Operations

$ 0.37

$ 0.44

 

 

 

Discontinued Operations

0.21

—

 

 

 

Earnings Per Share

$ 0.58

$ 0.44

 

 

 

 

 

 

EARNINGS PER SHARE – DILUTED:

 

 

 

 

 

Income From Continuing Operations

$ 683

$ 784

 

 

 

Discontinued Operations, net of tax

381

—

 

 

 

Net Income

$ 1,064

$ 784

 

 

 

Weighted Average Shares Outstanding

1,831

1797

 

 

 

Incremental shares from assumed exercise of stock options and payment of restricted stock awards

5

7

 

 

 

Diluted Shares Outstanding

1,836

1804

 

 

 

Earnings Per Common Share From Continuing Operations

$ 0.37

$ 0.43

 

 

 

Discontinued Operations

0.21

—

 

 

 

Earnings Per Share

$ 0.58

$ 0.43