EX-11 4 ip-20130930exhibit11statem.htm EXHIBIT 11 STATEMENT OF COMPUTATION OF PER SHARE EARNINGS ip-20130930exhibit11statementofcomput.htm

Exhibit 11

INTERNATIONAL PAPER COMPANY
STATEMENT OF COMPUTATION OF PER SHARE EARNINGS (1)
(Unaudited)
(In millions, except per share amounts)

 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2013
 
2012
 
2013
 
2012
Earnings (loss) from continuing operations
$
392

 
$
223

 
$
919

 
$
524

Discontinued operations
(10
)
 
14

 
40

 
35

Net earnings (loss)
382

 
237

 
959

 
559

Effect of dilutive securities
—

 
—

 
—

 
—

Net earnings - assuming dilution
$
382

 
$
237

 
$
959

 
$
559

Average common shares outstanding
445.9

 
435.1

 
444.1

 
434.7

Effect of dilutive securities
 
 
 
 
 
 
 
Restricted stock performance share plan
3.6

 
4.7

 
4.3

 
5.0

Stock options
0.2

 
—

 
0.3

 
—

Average common shares outstanding - assuming dilution
449.7

 
439.8

 
448.7

 
439.7

Earnings (loss) per common share from continuing operations
$
0.88

 
$
0.51

 
$
2.07

 
$
1.20

Discontinued operations
(0.02
)
 
0.03

 
0.09

 
0.08

Net earnings (loss) per common share
$
0.86

 
$
0.54

 
$
2.16

 
$
1.28

Earnings (loss) per common share from continuing operations - assuming dilution
$
0.87

 
$
0.51

 
$
2.05

 
$
1.19

Discontinued operations
(0.02
)
 
0.03

 
0.09

 
0.08

Net earnings (loss) per common share - assuming dilution
$
0.85

 
$
0.54

 
$
2.14

 
$
1.27


Note: If an amount does not appear in the above table, the security was antidilutive for the periods presented.

(1) Attributable to International Paper Company common shareholders.