Attached files
file | filename |
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EX-31.1 - EX-31.1 - INTERNATIONAL BUSINESS MACHINES CORP | ibm16q1_ex31d1.htm |
EX-32.2 - EX-32.2 - INTERNATIONAL BUSINESS MACHINES CORP | ibm16q1_ex32d2.htm |
EX-12 - EX-12 - INTERNATIONAL BUSINESS MACHINES CORP | ibm16q1_ex12.htm |
EX-10.1 - EX-10.1 - INTERNATIONAL BUSINESS MACHINES CORP | ibm16q1_ex10d1.htm |
EX-31.2 - EX-31.2 - INTERNATIONAL BUSINESS MACHINES CORP | ibm16q1_ex31d2.htm |
EX-32.1 - EX-32.1 - INTERNATIONAL BUSINESS MACHINES CORP | ibm16q1_ex32d1.htm |
10-Q - 10-Q - INTERNATIONAL BUSINESS MACHINES CORP | ibm16q1_10q.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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March 31, 2016 |
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March 31, 2015 |
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Number of shares on which basic earnings per share is calculated: |
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Weighted-average shares outstanding during period |
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961,729,448 |
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988,149,972 |
Add – Incremental shares under stock-based compensation plans |
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2,020,910 |
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3,420,804 |
Add – Incremental shares associated with contingently issuable shares |
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620,023 |
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761,826 |
Number of shares on which diluted earnings per share is calculated |
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964,370,381 |
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992,332,602 |
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Income from continuing operations (millions) |
$ |
2,016 |
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$ |
2,415 |
Loss from discontinued operations, net of tax (millions) |
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(3) |
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(88) |
Net income on which basic earnings per share is calculated (millions) |
$ |
2,014 |
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$ |
2,328 |
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Income from continuing operations (millions) |
$ |
2,016 |
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$ |
2,415 |
Net income applicable to contingently issuable shares (millions) |
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– |
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– |
Income from continuing operations on which diluted earnings per share is |
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calculated (millions) |
$ |
2,016 |
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$ |
2,415 |
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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(3) |
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(88) |
Net income on which diluted earnings per share is calculated (millions) |
$ |
2,014 |
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$ |
2,328 |
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Earnings/(loss) per share of common stock: |
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Assuming dilution |
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Continuing operations |
$ |
2.09 |
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$ |
2.44 |
Discontinued operations |
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0.00 |
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(0.09) |
Total |
$ |
2.09 |
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$ |
2.35 |
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Basic |
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Continuing operations |
$ |
2.09 |
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$ |
2.45 |
Discontinued operations |
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0.00 |
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(0.09) |
Total |
$ |
2.09 |
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$ |
2.36 |
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Stock options to purchase 1,163,996 shares and 48,202 shares were outstanding as of March 31, 2016 and 2015, but were |
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not included in the computation of diluted earnings per share because the options' exercise price during the respective period |
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was greater than the average market price of the common shares, and, therefore, the effect would have been antidilutive. |
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74