EX-11 8 g74113ex11.txt COMPUTATION OF EARNINGS PER SHARE EXHIBIT 11 BELLSOUTH CORPORATION COMPUTATION OF EARNINGS PER SHARE
For the years ended December 31, -------------------------------------------- 1999 2000 2001 -------- -------- -------- Earnings Per Share - Basic: Income Before Extraordinary Losses $ 3,448 $ 4,220 $ 2,570 Extraordinary Loss on Early Extinguishment of Debt, net of tax -- -- -- -------- -------- -------- Net Income $ 3,448 $ 4,220 $ 2,570 ======== ======== ======== Weighted average shares outstanding 1,898 1,876 1,875 ======== ======== ======== Earnings Per Common Share Before Extraordinary Losses $ 1.82 $ 2.25 $ 1.37 Extraordinary Loss on Early Extinguishment of Debt, net of tax -- -- -- -------- -------- -------- Earnings Per Share $ 1.82 $ 2.25 $ 1.37 ======== ======== ========
EXHIBIT 11 BELLSOUTH CORPORATION COMPUTATION OF EARNINGS PER SHARE (CONTINUED)
For the years ended December 31, -------------------------------------------- 1999 2000 2001 -------- -------- -------- Earnings Per Share - Diluted: Income Before Extraordinary Losses $ 3,448 $ 4,220 $ 2,570 Extraordinary Loss on Early Extinguishment of Debt, net of tax -- -- -- -------- -------- -------- Net Income $ 3,448 $ 4,220 $ 2,570 ======== ======== ======== Weighted average shares outstanding 1,898 1,876 1,875 Incremental shares from assumed exercise of stock options and payment of performance share awards 18 15 12 -------- -------- -------- Total Shares 1,916 1,891 1,887 ======== ======== ======== Earnings Per Common Share Before Extraordinary Losses $ 1.80 $ 2.23 $ 1.36 Extraordinary Loss on Early Extinguishment of Debt, net of tax -- -- -- -------- -------- -------- Earnings Per Share $ 1.80 $ 2.23 $ 1.36 ======== ======== ========