EX-11 5 exhibit_11.htm EX. 11 - COMPUTATIONS OF EARNINGS PER SHARE

EXHIBIT 11

CATERPILLAR INC.
AND ITS SUBSIDIARIES

COMPUTATIONS OF EARNINGS PER SHARE

FOR THE YEARS ENDED DECEMBER 31,
           

2001

  

2000

1999

I.

  

Net profit for year (millions of dollars) (A):

$

805

  

$

1,053

  

$

946

  
           
 
 

II.

  

Determination of shares (millions):
   

Weighted average number of common shares outstanding (B)

 

343.3

  

346.8

  

355.4
   

Shares issuable on exercise of stock options, net of shares assumed

          
     

to be purchased out of proceeds at average market price

 

3.8

    

2.1

    

4.0

  
           
 
 
   

Average common shares outstanding for fully diluted computation (C)

 

347.1

  

348.9

  

359.4
           
           

III.

  

Profit per share of common stock:

          
   

Assuming no dilution (A+ B)

$

2.35

$

3.04

$

2.66
   

Assuming full dilution (A+ C)

$

2.32

  

$

3.02

  

$

2.63