Attached files
Exhibit 11: Computation of Earnings per Share
THE PROCTER & GAMBLE COMPANY AND SUBSIDIARIES
Computation of Earnings Per Share
| Amounts in millions except per share amounts |
2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||
| BASIC NET EARNINGS PER SHARE |
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| Net earnings from continuing operations |
$ | 10,680 | $ | 11,291 | $ | 9,662 | $ | 8,187 | $ | 6,384 | |||||
| Preferred dividends, net of tax benefit |
192 | 176 | 161 | 148 | 136 | ||||||||||
| Net earnings from continuing operations available to common shareholders |
$ | 10,488 | $ | 11,115 | $ | 9,501 | $ | 8,039 | $ | 6,248 | |||||
| Net earnings from discontinued operations |
$ | 2,756 | $ | 784 | $ | 678 | $ | 497 | $ | 539 | |||||
| Net earnings available to common shareholders |
$ | 13,244 | $ | 11,899 | $ | 10,179 | $ | 8,536 | $ | 6,787 | |||||
| Basic weighted average common shares outstanding |
2,952.2 | 3,080.8 | 3,159.0 | 3,054.9 | 2,515.6 | ||||||||||
| Basic net earnings per common share - continuing operations |
$ | 3.55 | $ | 3.61 | $ | 3.01 | $ | 2.63 | $ | 2.48 | |||||
| Basic net earnings per common share - discontinued operations |
$ | 0.94 | $ | 0.25 | $ | 0.21 | $ | 0.16 | $ | 0.22 | |||||
| Basic net earnings per common share |
$ | 4.49 | $ | 3.86 | $ | 3.22 | $ | 2.79 | $ | 2.70 | |||||
| DILUTED NET EARNINGS PER SHARE |
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| Diluted net earnings from continuing operations |
$ | 10,680 | $ | 11,291 | $ | 9,662 | $ | 8,187 | $ | 6,384 | |||||
| Diluted net earnings from discontinued operations |
$ | 2,756 | $ | 784 | $ | 678 | $ | 497 | $ | 539 | |||||
| Diluted net earnings |
$ | 13,436 | $ | 12,075 | $ | 10,340 | $ | 8,684 | $ | 6,923 | |||||
| Basic weighted average common shares outstanding |
2,952.2 | 3,080.8 | 3,159.0 | 3,054.9 | 2,515.6 | ||||||||||
| Add potential effect of: |
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| Conversion of preferred shares |
139.2 | 144.2 | 149.6 | 154.1 | 158.3 | ||||||||||
| Exercise of stock options and other Unvested Equity awards |
62.7 | 91.8 | 90.0 | 76.9 | 63.2 | ||||||||||
| Diluted weighted average common shares outstanding |
3,154.1 | 3,316.8 | 3,398.6 | 3,285.9 | 2,737.1 | ||||||||||
| Diluted net earnings per common share - continuing operations |
$ | 3.39 | $ | 3.40 | $ | 2.84 | $ | 2.49 | $ | 2.33 | |||||
| Diluted net earnings per common share - discontinued operations |
$ | 0.87 | $ | 0.24 | $ | 0.20 | $ | 0.15 | $ | 0.20 | |||||
| Diluted net earnings per common share |
$ | 4.26 | $ | 3.64 | $ | 3.04 | $ | 2.64 | $ | 2.53 | |||||