EX-11 5 ex_11.htm EX. 11 - EARNINGS PER SHARE Ex. 11 - earnings per share

EXHIBIT 11
CATERPILLAR INC.
AND ITS SUBSIDIARIES
 
COMPUTATIONS OF EARNINGS PER SHARE
FOR THE YEARS ENDED DECEMBER 31,
 
(Dollars in millions except per share data)
 
 
2006
 
2005
 
2004
 
 
 
Profit for the period (A):
$
3,537
 
$
2,854
 
$
2,035
 
 
 
 
 
 
 
 
 
Determination of shares (in millions):
 
 
 
 
 
 
 
 
Weighted average number of common shares outstanding (B)
 
658.7
 
 
678.4
 
 
684.5
Shares issuable on exercise of stock awards, net of shares assumed
to be purchased out of proceeds at average market price
 
25.1
 
 
27.4
 
 
22.9
Average common shares outstanding for fully diluted computation (C)
 
683.8
 
 
705.8
 
 
707.4
 
 
 
 
 
 
 
 
 
Profit per share of common stock:
 
 
 
 
 
 
 
 
Assuming no dilution (A/B)
$
5.37
 
$
4.21
 
$
2.97
Assuming full dilution (A/C)
$
5.17
 
$
4.04
 
$
2.88
 
 
 
 
 
 
 
 
 
Shares outstanding as of December 31 (in millions)
 
645.8
 
 
670.9
 
 
685.9