EX-11 5 c26199_ex11.txt Exhibit 11 E. I. DU PONT DE NEMOURS AND COMPANY CALCULATION OF EARNINGS PER SHARE (Dollars in millions, except per share)
Years Ended December 31 ---------------------------------------------------------------------------------- 2002 2001 2000 1999 1998 ------------- --------------- --------------- --------------- --------------- NUMERATOR: Income from continuing operations before cumulative effect of changes in accounting principles and extraordinary item $ 1,841 $ 4,328 $ 2,314 $ 219 $ 1,648 Preferred dividends (10) (10) (10) (10) (10) ------------- --------------- --------------- --------------- --------------- Income from continuing operations available to common stockholders before cumulative effect of changes in accounting principles and extraordinary item 1,831 4,318 2,304 209 1,638 Discontinued operations -- -- -- 7,471 3,033 Extraordinary item -- -- -- -- (201) Cumulative effect of a change in accounting principle (2,944) 11 -- -- -- ------------- --------------- --------------- --------------- --------------- Net income (loss) available to common stockholders (1,113) 4,329 2,304 7,680 4,470 ============= =============== =============== =============== =============== DENOMINATOR: Weighted-average number of common shares- Basic(1) 994,355,229 1,035,992,748 1,043,358,416 1,084,537,228 1,128,826,525 Assumed issuance of dilutive shares related to dilutive options 4,381,811 5,171,881 7,684,108 13,433,101 16,520,503 ------------- --------------- --------------- --------------- --------------- Weighted-average number of common shares- Diluted 998,737,040 1,041,164,629 1,051,042,524 1,097,970,329 1,145,347,028 ============= =============== =============== =============== =============== BASIC EARNINGS (LOSS) PER SHARE OF COMMON STOCK: Income from continuing operations before cumulative effect of changes in accounting principles and extraordinary item $ 1.84 $ 4.17 $ 2.21 $ 0.19 $ 1.45 Discontinued operations -- -- -- 6.89 2.69 Extraordinary item -- -- -- -- (0.18) Cumulative effect of a change in accounting principle (2.96) 0.01 -- -- -- ------------- --------------- --------------- --------------- --------------- Net income (loss) $ (1.12) $ 4.18 $ 2.21 $ 7.08 $ 3.96 ============= =============== =============== =============== =============== DILUTED EARNINGS (LOSS) PER SHARE OF COMMON STOCK: Income from continuing operations before cumulative effect of changes in accounting principles and extraordinary item $ 1.84 $ 4.15 $ 2.19 $ 0.19 $ 1.43 Discontinued operations -- -- -- 6.80 2.65 Extraordinary item -- -- -- -- (0.18) Cumulative effect of a change in accounting principle (2.95) 0.01 -- -- -- ------------- --------------- --------------- --------------- --------------- Net income (loss) $ (1.11) $ 4.16 $ 2.19 $ 6.99 $ 3.90 ============= =============== =============== =============== ===============
------------- (1) Excludes treasury stock and shares held by the DuPont Flexitrust