EX-11 12 fy2012exhibit11.htm COMPUTATION OF EARNINGS PER SHARE FY 2012 Exhibit 11


EXHIBIT (11)
THE PROCTER & GAMBLE COMPANY AND SUBSIDIARIES
Computation of Earnings Per Share
Amounts in millions except per share amounts
 
 
2012
  
2011
  
2010
  
2009
  
2008
BASIC NET EARNINGS PER SHARE
 
  
 
  
 
  
 
  
 
Net earnings from continuing operations
$
9,317

  
$
11,698

  
$
10,851

  
$
10,645

  
$
11,224

Net earnings attributable to noncontrolling interests
(148
)
  
(130
)
  
(110
)
  
(86
)
  
(79
)
Net earnings from continuing operations attributable to Procter & Gamble
$
9,169

  
$
11,568

  
$
10,741

  
$
10,559

  
$
11,145

Preferred dividends, net of tax benefit
(256
)
 
(233
)
 
(219
)
 
(192
)
 
(176
)
Net earnings from continuing operations attributable to Procter & Gamble available to common shareholders
$
8,913

  
$
11,335

  
$
10,522

  
$
10,367

  
$
10,969

Net earnings from discontinued operations
1,587

  
229

  
1,995

  
2,877

  
930

Net earnings attributable to Procter & Gamble available to common shareholders
$
10,500

  
$
11,564

  
$
12,517

  
$
13,244

  
$
11,899

 
 
  
 
  
 
  
 
  
 
Basic weighted average common shares outstanding
2,751.3

  
2,804.0

  
2,900.8

  
2,952.2

  
3,080.8

 
 
 
 
 
 
 
 
 
 
Basic net earnings per common share - continuing operations
$
3.24

  
$
4.04

  
$
3.63

  
$
3.51

  
$
3.56

Basic net earnings per common share - discontinued operations
0.58

  
0.08

  
0.69

  
0.98

  
0.30

Basic net earnings per common share
$
3.82

  
$
4.12

  
$
4.32

  
$
4.49

  
$
3.86

 
 
 
 
 
 
 
 
 
 
DILUTED NET EARNINGS PER SHARE
 
  
 
  
 
  
 
  
 
Net earnings from continuing operations attributable to Procter & Gamble
$
9,169

  
$
11,568

  
$
10,741

  
$
10,559

  
$
11,145

Net earnings from discontinued operations
1,587

  
229

  
1,995

  
2,877

  
930

Net earnings attributable to Procter & Gamble
$
10,756

  
$
11,797

  
$
12,736

  
$
13,436

  
$
12,075

 
 
 
 
 
 
 
 
 
 
Basic weighted average common shares outstanding
2,751.3

  
2,804.0

  
2,900.8

  
2,952.2

  
3,080.8

Add potential effect of:
 
  
 
  
 
  
 
  
 
Conversion of preferred shares
123.9

  
128.5

  
134.0

  
139.2

  
144.2

Exercise of stock options and other unvested equity awards
66.0

  
69.4

  
64.5

  
62.7

  
91.8

Diluted weighted average common shares outstanding
2,941.2

  
3,001.9

  
3,099.3

  
3,154.1

  
3,316.8

 
 
 
 
 
 
 
 
 
 
Diluted net earnings per common share - continuing operations
$
3.12

  
$
3.85

  
$
3.47

  
$
3.35

  
$
3.36

Diluted net earnings per common share - discontinued operations
0.54

  
0.08

  
0.64

  
0.91

  
0.28

Diluted net earnings per common share
$
3.66

  
$
3.93

  
$
4.11

  
$
4.26

  
$
3.64