EX-11.1 7 0007.txt UNISYS CORPORATION STATEMENT OF COMPUTATION OF EARNINGS PER SHARE FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2000 AND 1999 (UNAUDITED) (Millions, except share data)
2000 1999 ----------- ----------- Basic Earnings Per Common Share Income before extraordinary items $ 205.7 $ 378.4 Less dividends on preferred shares ( 36.7) ----------- ----------- Income available to common stockholders before extraordinary items 205.7 341.7 Extraordinary items ( 19.8) ( 12.1) ----------- ----------- Net income available to common stockholders $ 185.9 $ 329.6 =========== =========== Weighted average shares 312,473,220 279,677,558 =========== =========== Basic earnings per share Before extraordinary items $ .66 $ 1.22 Extraordinary items (.06) (.04) ----------- ----------- Total $ .60 $ 1.18 =========== =========== Diluted Earnings Per Common Share Income available to common stockholders before extraordinary items $ 205.7 $ 341.7 Plus impact of assumed conversions Interest expense on 8 1/4% Convertible Notes due 2006, net of tax .3 ----------- ----------- Income available to common stockholders plus assumed conversions before extraordinary items 205.7 342.0 Extraordinary items ( 19.8) ( 12.1) ----------- ----------- Net income available to common stockholders $ 185.9 $ 329.9 =========== =========== Weighted average shares 312,473,220 279,677,558 Plus incremental shares from assumed conversions Employee stock plans 4,065,766 10,796,201 8 1/4% Convertible Notes due 2006 1,090,473 Preferred stock 1,169,000 ----------- ----------- Adjusted weighted average shares 316,538,986 292,733,232 =========== =========== Diluted earnings per share Before extraordinary items $ .65 $ 1.17 Extraordinary items (.06) (.04) ----------- ----------- Total $ .59 $ 1.13 =========== ===========
The average shares listed below were not included in the computation of diluted earnings per share because to do so would have been antidilutive for the periods presented. Series A preferred stock 25,862,243