EX-11 3 form10q063006ex11.htm

Exhibit 11

BellSouth Corporation

Computation of Earnings Per Share

(Dollars in Millions)

                

 

For the Six

  Months Ended

  June 30,

 

2005

2006

 

 

 

EARNINGS PER SHARE – BASIC:

 

 

 

 

 

Income From Continuing Operations

$ 1,478

$ 1,671

 

 

 

Discontinued Operations, net of tax

381

—

 

 

 

Net Income

$ 1,859

$ 1,671

 

 

 

Weighted Average Shares Outstanding

1,831

1,802

 

 

 

Earnings Per Common Share From Continuing Operations

$ 0.81

$ 0.93

 

 

 

Discontinued Operations

0.21

—

 

 

 

Earnings Per Share

$ 1.02

$ 0.93

 

 

 

 

 

 

EARNINGS PER SHARE – DILUTED:

 

 

 

 

 

Income From Continuing Operations

$ 1,478

$ 1,671

 

 

 

Discontinued Operations, net of tax

381

—

 

 

 

Net Income

$ 1,859

$ 1,671

 

 

 

Weighted Average Shares Outstanding

1,831

1,802

 

 

 

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

4

7

 

 

 

Diluted Shares Outstanding

1,835

1,809

 

 

 

Earnings Per Common Share From Continuing Operations

$ 0.81

$ 0.92

 

 

 

Discontinued Operations

0.21

—

 

 

 

Earnings Per Share *

$ 1.01

$ 0.92

 

* - 2005 does not sum due to rounding.