EX-11 12 cat_exhibit11x12312012.htm EXHIBIT CAT_Exhibit 11_12.31.2012


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)
 
 
 
2012
 
2011
 
2010
Profit for the period (A) (1)
$
5,681

 
$
4,928

 
$
2,700

 
 
 
 
 
 
Determination of shares (in millions):
 

 
 

 
 

Weighted average number of common shares outstanding (B)
652.6

 
645.0

 
631.5

Shares issuable on exercise of stock awards, net of shares assumed to be purchased out of proceeds at average market price
17.0

 
21.1

 
18.9

Average common shares outstanding for fully diluted computation (C)
669.6

 
666.1

 
650.4

 
 
 
 
 
 
Profit per share of common stock:
 

 
 

 
 

Assuming no dilution (A/B)
$
8.71

 
$
7.64

 
$
4.28

Assuming full dilution (A/C)
$
8.48

 
$
7.40

 
$
4.15

 
 
 
 
 
 
Shares outstanding as of December 31 (in millions)
655.0

 
647.5

 
638.8

 ____________________________________
(1) 
Profit attributable to common stockholders.