EX-11 4 0004.txt COMPUTATION OF EARNINGS PER COMMON SHARE EXHIBIT 11 PG&E CORPORATION COMPUTATION OF EARNINGS PER COMMON SHARE
----------------------------------------------------------------------------------------- Three Months Ended Nine Months Ended September 30, September 30, ------------------ ----------------- (in millions, except per share amounts) 2000 1999 2000 1999 ----------------------------------------------------------------------------------------- BASIC EARNINGS PER SHARE (EPS) (1) Earnings available for common stock $ 225 $ 185 $ 753 $ 538 ======== ======== ======== ======== Average common shares outstanding 362 367 361 369 ======== ======== ======== ======== Basic EPS $ .62 $ .50 $2.09 $1.46 ======== ======== ======== ======== DILUTED EARNINGS PER SHARE (EPS) (1) Earnings available for common stock $ 225 $ 185 $ 753 $ 538 ======== ======== ======== ======== Average common shares outstanding 362 367 361 369 Add: outstanding options, reduced by the number of shares that could be repurchased with the proceeds from such exercise (at average market price) 3 1 2 1 -------- -------- -------- -------- Average common shares outstanding as adjusted 365 368 363 370 ======== ======== ======== ======== Diluted EPS $ .62 $ .50 $2.07 $1.45 ======== ======== ======== ======== ----------------------------------------------------------------------------------------- (1) This presentation is submitted in accordance with Item 601(b)(11) of Regulation S-K and Statement of Financial Accounting Standards No. 128.