EX-11.1 3 0003.txt UNISYS CORPORATION STATEMENT OF COMPUTATION OF EARNINGS PER SHARE FOR THE SIX MONTHS ENDED JUNE 30, 2000 AND 1999 (UNAUDITED) (Millions, except share data)
2000 1999 ----------- ----------- Basic Earnings Per Common Share Income before extraordinary item $ 162.8 $ 227.9 Less dividends on preferred shares ( 34.8) ----------- ----------- Income available to common stockholders before extraordinary item $ 162.8 $ 193.1 Extraordinary item (19.8) ----------- ----------- Net income available to common stockholders $ 143.0 $ 193.1 =========== =========== Weighted average shares 311,837,691 268,425,000 =========== =========== Basic earnings per share Before extraordinary item $ .52 $ .72 Extraordinary item (.06) ----------- ----------- Total $ .46 $ .72 =========== =========== Diluted Earnings Per Common Share Income available to common stockholders before extraordinary item $ 162.8 $ 193.1 Plus impact of assumed conversions Interest expense on 8 1/4% Convertible Notes due 2006, net of tax - .3 ----------- ----------- Income available to common stockholders plus assumed conversions before extraordinary item 162.8 193.4 Extraordinary item (19.8) ----------- ----------- Net income available to common stockholders $ 143.0 $ 193.4 =========== =========== Weighted average shares 311,837,691 268,425,000 Plus incremental shares from assumed conversions Employee stock plans 5,212,717 10,447,720 8 1/4% Convertible Notes due 2006 1,635,709 Preferred stock 1,321,571 ----------- ----------- Adjusted weighted average shares 317,050,408 281,830,000 =========== =========== Diluted earnings per share $ $ Before extraordinary item .51 .69 Extraordinary item (.06) ----------- ----------- Total $ .45 $ .69 =========== ===========
The average shares listed below were not included in the computation of diluted earnings per share because to do so would have been antidilutive for the periods presented. Series A preferred stock 36,845,825