EX-11 6 fy2013exhibit11.htm COMPUTATION OF EARNING PER SHARE FY2013 Exhibit 11


EXHIBIT (11)
THE PROCTER & GAMBLE COMPANY AND SUBSIDIARIES
Computation of Earnings Per Share
Amounts in millions except per share amounts
 
 Years ended June 30
2013
  
2012
  
2011
  
2010
  
2009
BASIC NET EARNINGS PER SHARE
 
  
 
  
 
  
 
  
 
Net earnings from continuing operations
$
11,402

  
$
9,317

  
$
11,698

  
$
10,851

  
$
10,645

Net earnings attributable to noncontrolling interests
(90
)
  
(148
)
  
(130
)
  
(110
)
  
(86
)
Net earnings from continuing operations attributable to Procter & Gamble
11,312

  
9,169

  
11,568

  
10,741

  
10,559

Preferred dividends, net of tax benefit
(244
)
 
(256
)
 
(233
)
 
(219
)
 
(192
)
Net earnings from continuing operations attributable to Procter & Gamble available to common shareholders
$
11,068

  
$
8,913

  
$
11,335

  
$
10,522

  
$
10,367

Net earnings from discontinued operations
—

  
1,587

  
229

  
1,995

  
2,877

Net earnings attributable to Procter & Gamble available to common shareholders
11,068

  
10,500

  
11,564

  
12,517

  
13,244

 
 
  
 
  
 
  
 
  
 
Basic weighted average common shares outstanding
2,742.9

  
2,751.3

  
2,804.0

  
2,900.8

  
2,952.2

 
 
 
 
 
 
 
 
 
 
Basic net earnings per common share - continuing operations
$
4.04

  
$
3.24

  
$
4.04

  
$
3.63

  
$
3.51

Basic net earnings per common share - discontinued operations
—

  
0.58

  
0.08

  
0.69

  
0.98

Basic net earnings per common share
4.04

  
3.82

  
4.12

  
4.32

  
4.49

 
 
 
 
 
 
 
 
 
 
DILUTED NET EARNINGS PER SHARE
 
  
 
  
 
  
 
  
 
Net earnings from continuing operations attributable to Procter & Gamble
$
11,312

  
$
9,169

  
$
11,568

  
$
10,741

  
$
10,559

Net earnings from discontinued operations
—

  
1,587

  
229

  
1,995

  
2,877

Net earnings attributable to Procter & Gamble
11,312

  
10,756

  
11,797

  
12,736

  
13,436

 
 
 
 
 
 
 
 
 
 
Basic weighted average common shares outstanding
2,742.9

  
2,751.3

  
2,804.0

  
2,900.8

  
2,952.2

Add potential effect of:
 
  
 
  
 
  
 
  
 
Conversion of preferred shares
116.8

  
123.9

  
128.5

  
134.0

  
139.2

Exercise of stock options and other unvested equity awards
70.9

  
66.0

  
69.4

  
64.5

  
62.7

Diluted weighted average common shares outstanding
2,930.6

  
2,941.2

  
3,001.9

  
3,099.3

  
3,154.1

 
 
 
 
 
 
 
 
 
 
Diluted net earnings per common share - continuing operations
$
3.86

  
$
3.12

  
$
3.85

  
$
3.47

  
$
3.35

Diluted net earnings per common share - discontinued operations
—

  
0.54

  
0.08

  
0.64

  
0.91

Diluted net earnings per common share
3.86

  
3.66

  
3.93

  
4.11

  
4.26