EX-11 3 d52537exv11.htm STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS exv11
 

EXHIBIT 11 — Computation of Per Share Earnings
                         
(In thousands, except per share data)   2007     2006     2005  
NUMERATOR:
                       
Income before discontinued operations
  $ 772,146     $ 620,005     $ 580,771  
Income from discontinued operations, net
    166,361       71,512       354,891  
 
                 
Net income
    938,507       691,517       935,662  
 
                       
Effect of dilutive securities:
                       
None
                 
 
                 
Numerator for net income per common share — diluted
  $ 938,507     $ 691,517     $ 935,662  
 
                 
 
                       
DENOMINATOR:
                       
Weighted average common shares
    494,347       500,786       545,848  
 
                       
Effect of dilutive securities:
                       
Stock options and common stock warrants
    1,437       853       1,303  
 
                 
Denominator for net income per common share — diluted
    495,784       501,639       547,151  
 
                 
 
                       
Net income per common share:
                       
Income before discontinued operations — Basic
  $ 1.56     $ 1.24     $ 1.06  
Discontinued operations — Basic
    .34       .14       .65  
 
                 
Net income — Basic
  $ 1.90     $ 1.38     $ 1.71  
 
                 
 
                       
Income before discontinued operations — Diluted
  $ 1.56     $ 1.24     $ 1.06  
Discontinued operations — Diluted
    .33       .14       .65  
 
                 
Net income — Diluted
  $ 1.89     $ 1.38     $ 1.71