EX-11.1 2 ex11-1.txt COMPUTATION OF EARNINGS PER SHARE 1 EXHIBIT 11.1 SAFEWAY INC. AND SUBSIDIARIES COMPUTATION OF EARNINGS PER COMMON SHARE (IN MILLIONS, EXCEPT PER-SHARE AMOUNTS) (UNAUDITED)
12 Weeks Ended ---------------------------------------------------------- June 17, 2000 June 19, 1999 -------------------------- -------------------------- Diluted Basic Diluted Basic ----------- ---------- ----------- ----------- Net income ................................................... $ 280.9 280.9 $ 236.4 236.4 =========== ========== =========== =========== Weighted average common shares outstanding ................... 496.3 496.3 496.5 496.5 ========== =========== Common share equivalents ..................................... 14.2 16.5 ----------- ----------- Weighted average shares outstanding ....................... 510.5 513.0 =========== =========== Earnings per share ........................................... $ 0.55 0.57 $ 0.46 0.48 =========== ========== =========== =========== Calculation of common share equivalents: Options and warrants to purchase common shares ........ 38.1 36.7 Common shares assumed purchased with potential proceeds .......................................... (23.9) (20.2) ----------- ----------- Common share equivalents .............................. 14.2 16.5 =========== =========== Calculation of common shares assumed purchased with potential proceeds: Potential proceeds from exercise of options and warrants to purchase common shares ................ $ 1,080.0 $ 1,008.3 Common stock price used under the treasury stock method ...................................... $ 45.04 $ 49.87 Common shares assumed purchased with potential proceeds ................................ 23.9 20.2
17 2 SAFEWAY INC. AND SUBSIDIARIES COMPUTATION OF EARNINGS PER COMMON SHARE (IN MILLIONS, EXCEPT PER-SHARE AMOUNTS) (UNAUDITED)
24 Weeks Ended ---------------------------------------------------------- June 17, 2000 June 19, 1999 -------------------------- -------------------------- Diluted Basic Diluted Basic ----------- ---------- ----------- ----------- Net income ................................................... $ 522.8 522.8 $ 442.2 442.2 =========== ========== =========== =========== Weighted average common shares outstanding ................... 495.2 495.2 494.6 494.6 ========== =========== Common share equivalents ..................................... 14.0 18.3 ----------- ----------- Weighted average common shares and common share equivalents ......................................... 509.2 512.9 =========== =========== Earnings per common share and common share equivalent: Net income ............................................ $ 1.03 1.06 $ 0.86 0.89 =========== ========== =========== =========== Calculation of common share equivalents: Options and warrants to purchase common shares ........ 35.4 30.1 Common shares assumed purchased with potential proceeds .......................................... (21.4) (11.8) ----------- ----------- Common share equivalents .............................. 14.0 18.3 =========== =========== Calculation of common shares assumed purchased with potential proceeds: Potential proceeds from exercise of options and warrants to purchase common shares ................ $ 884.3 $ 610.8 Common stock price used under the treasury stock method ...................................... $ 41.16 $ 51.44 Common shares assumed purchased with potential proceeds ................................ 21.4 11.8