Attached files
file | filename |
---|---|
10-Q - 10-Q - INTERNATIONAL BUSINESS MACHINES CORP | ibm15q3_10q.htm |
EX-31.1 - EX-31.1 - INTERNATIONAL BUSINESS MACHINES CORP | ibm15q3_ex31d1.htm |
EX-31.2 - EX-31.2 - INTERNATIONAL BUSINESS MACHINES CORP | ibm15q3_ex31d2.htm |
EX-32.1 - EX-32.1 - INTERNATIONAL BUSINESS MACHINES CORP | ibm15q3_ex32d1.htm |
EX-32.2 - EX-32.2 - INTERNATIONAL BUSINESS MACHINES CORP | ibm15q3_ex32d2.htm |
EX-12 - EX-12 - INTERNATIONAL BUSINESS MACHINES CORP | ibm15q3_ex12.htm |
EXHIBIT 11
COMPUTATION OF BASIC AND DILUTED
EARNINGS PER SHARE
(UNAUDITED)
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For the Three Months Ended |
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September 30, 2015 |
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September 30, 2014 |
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Number of shares on which basic earnings per share is calculated: |
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|
|
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Weighted-average shares outstanding during period |
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975,077,042 |
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|
991,835,307 |
Add – Incremental shares under stock-based compensation plans |
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2,814,660 |
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4,308,983 |
Add – Incremental shares associated with contingently issuable shares |
|
1,068,058 |
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|
1,513,587 |
Number of shares on which diluted earnings per share is calculated |
|
978,959,760 |
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|
997,657,878 |
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|
|
|
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Income from continuing operations (millions) |
$ |
2,962 |
|
$ |
3,455 |
Loss from discontinued operations, net of tax (millions) |
|
(12) |
|
|
(3,437) |
Net income on which basic earnings per share is calculated (millions) |
$ |
2,950 |
|
$ |
18 |
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|
|
|
|
|
Income from continuing operations (millions) |
$ |
2,962 |
|
$ |
3,455 |
Net income applicable to contingently issuable shares (millions) |
|
(1) |
|
|
– |
Income from continuing operations on which diluted earnings per share is |
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|
|
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calculated (millions) |
$ |
2,961 |
|
$ |
3,455 |
Loss from discontinued operations, net of tax, on which basic and diluted |
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|
|
|
|
earnings per share is calculated (millions) |
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(12) |
|
|
(3,437) |
Net income on which diluted earnings per share is calculated (millions) |
$ |
2,949 |
|
$ |
18 |
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Earnings/(loss) per share of common stock: |
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Assuming dilution |
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Continuing operations |
$ |
3.02 |
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$ |
3.46 |
Discontinued operations |
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(0.01) |
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(3.44) |
Total |
$ |
3.01 |
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$ |
0.02 |
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Basic |
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Continuing operations |
$ |
3.04 |
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$ |
3.48 |
Discontinued operations |
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(0.01) |
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(3.46) |
Total |
$ |
3.03 |
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$ |
0.02 |
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Stock options to purchase 35,416 shares were outstanding as of September 30, 2015 but were not included in the |
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computation of diluted earnings per share because the options' exercise price during the respective period was greater than |
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the average market price of the common shares, and, therefore, the effect would have been antidilutive. There were no stock |
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options outstanding at September 30, 2014 that were considered antidilutive. |
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91
EXHIBIT 11
COMPUTATION OF BASIC AND DILUTED
EARNINGS PER SHARE
(UNAUDITED)
|
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For the Nine Months Ended |
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September 30, 2015 |
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September 30, 2014 |
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Number of shares on which basic earnings per share is calculated: |
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|
|
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Weighted-average shares outstanding during period |
|
981,845,622 |
|
|
1,008,895,540 |
Add – Incremental shares under stock compensation plans |
|
3,245,804 |
|
|
4,615,009 |
Add – Incremental shares associated with contingently issuable shares |
|
897,215 |
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|
1,348,225 |
Number of shares on which diluted earnings per share is calculated |
|
985,988,641 |
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1,014,858,774 |
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|
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Income from continuing operations (millions) |
$ |
8,904 |
|
$ |
10,237 |
Loss from discontinued operations, net of tax (millions) |
|
(176) |
|
|
(3,698) |
Net income on which basic earnings per share is calculated (millions) |
$ |
8,727 |
|
$ |
6,539 |
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|
|
|
|
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Income from continuing operations (millions) |
$ |
8,904 |
|
$ |
10,237 |
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|
|
|
|
|
Net income applicable to contingently issuable shares (millions) |
|
(1) |
|
|
0 |
Income from continuing operations on which diluted earnings per share is |
|
|
|
|
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calculated (millions) |
$ |
8,903 |
|
$ |
10,236 |
Loss from discontinued operations, net of tax, on which basic and diluted |
|
|
|
|
|
earnings per share is calculated (millions) |
|
(176) |
|
|
(3,698) |
Net income on which diluted earnings per share is calculated (millions) |
$ |
8,726 |
|
$ |
6,538 |
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Earnings/(loss) per share of common stock: |
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|
|
|
|
|
|
|
|
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Assuming dilution |
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|
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Continuing operations |
$ |
9.03 |
|
$ |
10.09 |
Discontinued operations |
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(0.18) |
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|
(3.65) |
Total |
$ |
8.85 |
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$ |
6.44 |
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Basic |
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|
|
|
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Continuing operations |
$ |
9.07 |
|
$ |
10.15 |
Discontinued operations |
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(0.18) |
|
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(3.67) |
Total |
$ |
8.89 |
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$ |
6.48 |
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Stock options to purchase 40,880 shares and 7,535 shares (average of first, second and third quarter share amounts) were |
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outstanding as of September 30, 2015 and 2014, respectively, but were not included in the computation of diluted earnings |
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per share because the options' exercise price during the respective periods was greater than the average market price of the |
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common shares, and, therefore, the effect would have been antidilutive. |
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92