EX-11 2 gdw3q01exhibit.txt
EXHIBIT 11 Golden West Financial Corporation Statement of Computation of Basic and Diluted Earnings Per Share (Dollars in thousands except per share figures) Three Months Ended Nine Months Ended September 30 September 30 --------------------------------- ---------------------------------- 2001 2000 2001 2000 --------------- --------------- ---------------- ---------------- Income before Cumulative Effect of Accounting Change $ 205,840 $ 137,403 $ 590,848 $ 396,599 Cumulative effect of accounting change, net of tax -0- -0- (6,018) -0- --------------- --------------- ---------------- ---------------- Net Earnings $ 205,840 $ 137,403 $ 584,830 $ 396,599 =============== =============== ================ ================ Weighted Average Shares 158,868,462 158,032,942 158,691,819 158,661,510 Add: Options outstanding at period end 5,604,525 6,545,529 5,603,525 6,545,529 Less: Shares assumed purchased back with proceeds of options exercised 3,472,792 4,483,405 3,511,253 4,992,171 --------------- --------------- ---------------- ---------------- Diluted Average Shares Outstanding 161,000,195 160,095,066 160,784,091 160,214,868 =============== =============== ================ ================ Basic Earnings Per Share before Cumulative Effect of Accounting Change $ 1.30 $ .87 $ 3.73 $ 2.50 Cumulative effect of accounting change, net of tax .00 .00 (.04) .00 --------------- --------------- ---------------- ---------------- Basic Earnings Per Share $ 1.30 $ .87 $ 3.69 $ 2.50 =============== =============== ================ ================ Diluted Earnings Per Share before Cumulative Effect of Accounting Change $ 1.28 $ .86 $ 3.68 $ 2.48 Cumulative effect of accounting change, net of tax .00 .00 (.04) .00 --------------- --------------- ---------------- ---------------- Diluted Earnings Per Share $ 1.28 $ .86 $ 3.64 $ 2.48 =============== =============== ================ ================