EX-11 7 ex_11.htm COMPUTATIONS OF EARNINGS PER SHARE ex_11.htm
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)
 
2009
  
2008
  
2007
Profit for the period (A):1
$
895
  
$
3,557
  
$
3,541
                       
Determination of shares (in millions):
                
Weighted average number of common shares outstanding B)
 
615.2
    
610.5
    
638.2
Shares issuable on exercise of stock awards, net of shares assumed to be purchased out of proceeds at average market price
  
10.8
    
17.4
    
21.3
Average common shares outstanding for fully diluted computation (C)
  
626.0
    
627.9
    
659.5
                       
Profit per share of common stock:
                
Assuming no dilution (A/B)
$
1.45
  
$
5.83
  
$
5.55
Assuming full dilution (A/C)
$
1.43
  
$
5.66
  
$
5.37
                 
Shares outstanding as of December 31 (in millions)
 
624.7
    
601.5
    
624.0
 
1Profit attributable to common stockholders.