EX-11 4 jfm06x11.txt 10-Q JFM 2005 - EXHIBIT 11
EXHIBIT (11) THE PROCTER & GAMBLE COMPANY AND SUBSIDIARIES ---------------------------------------------- Computation of Earnings Per Share --------------------------------- Amounts in millions except per share amounts Three Months Ended Nine Months Ended March 31 March 31 2006 2005 2006 2005 --------- --------- --------- --------- BASIC NET EARNINGS PER SHARE Net earnings $ 2,211 $ 1,614 $ 6,786 $ 5,531 Preferred dividends, net of tax benefit 35 32 107 98 --------- --------- --------- --------- Net earnings available to common shareholders $ 2,176 $ 1,582 $ 6,679 $ 5,433 ========= ========= ========= ========= Basic weighted average common shares outstanding 3,269.6 2,511.0 3,003.4 2,526.9 ========= ========= ========= ========= Basic net earnings per common share $ 0.67 $ 0.63 $ 2.22 $ 2.15 ========= ========= ========= ========= DILUTED NET EARNINGS PER SHARE Net earnings $ 2,211 $ 1,614 $ 6,786 $ 5,531 Deduct preferred dividend impact on funding of ESOP -- -- -- -- --------- --------- --------- --------- Diluted net earnings $ 2,211 $ 1,614 $ 6,786 $ 5,531 ========= ========= ========= ========= Basic weighted average common shares outstanding 3,269.6 2,511.0 3,003.4 2,526.9 Add potential effect of: Conversion of preferred shares 153.7 157.7 154.6 158.9 Exercise of stock options and other Unvested Equity awards 87.2 61.6 77.4 63.6 --------- --------- --------- --------- Diluted weighted average common shares outstanding 3,510.5 2,730.3 3,235.4 2,749.4 ========= ========= ========= ========= Diluted net earnings per common share $ 0.63 $ 0.59 $ 2.10 $ 2.01 ========= ========= ========= =========