EX-11 4 ex11.txt EXHIBIT 11 EXHIBIT 11 CENTURYTEL, INC. COMPUTATIONS OF EARNINGS PER SHARE (UNAUDITED)
Three months Six months ended June 30, ended June 30, ---------------------------------------------------------------------------------------------------------------- 2001 2000 2001 2000 ---------------------------------------------------------------------------------------------------------------- (Dollars, except per share amounts, and shares in thousands) Income (Numerator): Net income $ 154,241 57,845 200,963 107,129 Dividends applicable to preferred stock (99) (99) (199) (199) ---------------------------------------------------------------------------------------------------------------- Net income applicable to common stock 154,142 57,746 200,764 106,930 Dividends applicable to preferred stock 99 99 199 199 Interest on convertible securities, net of taxes - 33 - 66 ---------------------------------------------------------------------------------------------------------------- Net income as adjusted for purposes of computing diluted earnings per share $ 154,241 57,878 200,963 107,195 ================================================================================================================ Shares (Denominator): Weighted average number of shares: Outstanding during period 141,001 140,370 140,957 140,269 Employee Stock Ownership Plan shares not committed to be released (281) (375) (301) (395) ---------------------------------------------------------------------------------------------------------------- Number of shares for computing basic earnings per share 140,720 139,995 140,656 139,874 Incremental common shares attributable to dilutive securities: Conversion of convertible securities 435 707 435 707 Shares issuable under stock option plan 904 1,030 1,180 1,148 ---------------------------------------------------------------------------------------------------------------- Number of shares as adjusted for purposes of computing diluted earnings per share 142,059 141,732 142,271 141,729 ================================================================================================================ Basic earnings per share $ 1.10 .41 1.43 .76 ================================================================================================================ Diluted earnings per share $ 1.09 .41 1.41 .76 ================================================================================================================