EX-11 8 form10q093006ex11.htm

Exhibit 11

BellSouth Corporation

Computation of Earnings Per Share

(Dollars in Millions)

 

 

 

For the Nine

Months Ended

September 30,

 

2005

2006

 

 

 

EARNINGS PER SHARE – BASIC:

 

 

 

 

 

Income From Continuing Operations

$ 2,295

$ 2,730

 

 

 

Discontinued Operations, net of tax

381

—

 

 

 

Net Income

$ 2,676

$ 2,730

 

 

 

Weighted Average Shares Outstanding

1,831

1,806

 

 

 

Earnings Per Common Share From Continuing Operations

$ 1.25

$ 1.51

 

 

 

Discontinued Operations

0.21

—

 

 

 

Earnings Per Share

$ 1.46

$ 1.51

 

 

 

 

 

 

EARNINGS PER SHARE – DILUTED:

 

 

 

 

 

Income From Continuing Operations

$ 2,295

$ 2,730

 

 

 

Discontinued Operations, net of tax

381

—

 

 

 

Net Income

$ 2,676

$ 2,730

 

 

 

Weighted Average Shares Outstanding

1,831

1806

 

 

 

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

4

7

 

 

 

Diluted Shares Outstanding

1,835

1813

 

 

 

Earnings Per Common Share From Continuing Operations

$ 1.25

$ 1.51

 

 

 

Discontinued Operations

0.21

—

 

 

 

Earnings Per Share

$ 1.46

$ 1.51