EX-11 3 jfm13exhibit11.htm COMPUTATION OF EARNINGS PER SHARE JFM 13 Exhibit 11


EXHIBIT 11
THE PROCTER & GAMBLE COMPANY AND SUBSIDIARIES
Computation of Earnings Per Share
 
Three Months Ended
March 31
 
Nine Months Ended
March 31
Amounts in millions except per share amounts
2013
 
2012
 
2013
 
2012
BASIC NET EARNINGS PER SHARE
 
 
 
 
 
 
 
Net earnings from continuing operations
$
2,591

 
$
2,433

 
$
9,520

 
$
7,104

Net earnings attributable to noncontrolling interests
$
(25
)
 
$
(56
)
 
$
(83
)
 
$
(112
)
Net earnings from continuing operations attributable to Procter & Gamble
$
2,566

 
$
2,377

 
$
9,437

 
$
6,992

Preferred dividends, net of tax benefit
$
(54
)
 
$
(62
)
 
$
(176
)
 
$
(181
)
Net earnings from continuing operations attributable to Procter & Gamble available to common shareholders
$
2,512

 
$
2,315

 
$
9,261

 
$
6,811

Net earnings from discontinued operations
$
—

 
$
34

 
$
—

 
$
133

Net earnings attributable to Procter & Gamble available to common shareholders
$
2,512

 
$
2,349

 
$
9,261

 
$
6,944

 
 
 
 
 
 
 
 
Basic weighted average common shares outstanding
2,741.5

 
2,745.8

 
2,741.8

 
2,752.8

 
 
 
 
 
 
 
 
Basic net earnings per common share - continuing operations
$
0.92

 
$
0.84

 
$
3.38

 
$
2.47

Basic net earnings per common share - discontinued operations
$
—

 
$
0.01

 
$
—

 
$
0.05

Basic net earnings per common share
$
0.92

 
$
0.85

 
$
3.38

 
$
2.52

 
 
 
 
 
 
 
 
DILUTED NET EARNINGS PER SHARE
 
 
 
 
 
 
 
Net earnings from continuing operations attributable to Procter & Gamble
$
2,566

 
$
2,377

 
$
9,437

 
$
6,992

Net earnings from discontinued operations
$
—

 
$
34

 
$
—

 
$
133

Net earnings attributable to Procter & Gamble
$
2,566

 
$
2,411

 
$
9,437

 
$
7,125

 
 
 
 
 
 
 
 
Basic weighted average common shares outstanding
2,741.5

 
2,745.8

 
2,741.8

 
2,752.8

Add potential effect of:
 
 
 
 
 
 
 
Conversion of preferred shares
115.6

 
123.4

 
117.7

 
124.4

Exercise of stock options and other unvested equity awards
73.6

 
68.6

 
68.1

 
67.7

Diluted weighted average common shares outstanding
2,930.7

 
2,937.8

 
2,927.6

 
2,944.9

 
 
 
 
 
 
 
 
Diluted net earnings per common share - continuing operations
$
0.88

 
$
0.81

 
$
3.22

 
$
2.37

Diluted net earnings per common share - discontinued operations
$
—

 
$
0.01

 
$
—

 
$
0.05

Diluted net earnings per common share
$
0.88

 
$
0.82

 
$
3.22

 
$
2.42