Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - INTERNATIONAL BUSINESS MACHINES CORPFinancial_Report.xls
EX-12 - EX-12 - INTERNATIONAL BUSINESS MACHINES CORPibm15q1_ex12.htm
EX-32.2 - EX-32.2 - INTERNATIONAL BUSINESS MACHINES CORPibm15q1_ex32d2.htm
EX-31.1 - EX-31.1 - INTERNATIONAL BUSINESS MACHINES CORPibm15q1_ex31d1.htm
EX-31.2 - EX-31.2 - INTERNATIONAL BUSINESS MACHINES CORPibm15q1_ex31d2.htm
EX-10.1 - EX-10.1 - INTERNATIONAL BUSINESS MACHINES CORPibm15q1_ex10d1.htm
10-Q - 10-Q - INTERNATIONAL BUSINESS MACHINES CORPibm15q1_10q.htm
EX-32.1 - EX-32.1 - INTERNATIONAL BUSINESS MACHINES CORPibm15q1_ex32d1.htm

EXHIBIT 11

 

COMPUTATION OF BASIC AND DILUTED

EARNINGS PER SHARE

(UNAUDITED)

 

 

 

 

 

 

 

 

For the Three Months Ended

 

March 31, 2015

 

March 31 2014

Number of shares on which basic earnings per share is calculated:

 

 

 

 

 

  Weighted-average shares outstanding during period

 

988,149,972

 

 

1,035,213,567

    Add – Incremental shares under stock-based compensation plans

 

3,420,804

 

 

5,433,316

    Add – Incremental shares associated with contingently issuable shares

 

761,826

 

 

1,123,266

  Number of shares on which diluted earnings per share is calculated

 

992,332,602

 

 

1,041,770,149

 

 

 

 

 

 

Income from continuing operations (millions)

$

2,415

 

$

2,530

Loss from discontinued operations, net of tax (millions)

 

(88)

 

 

(146)

Net income on which basic earnings per share is calculated (millions)

$

2,328

 

$

2,384

 

 

 

 

 

 

Income from continuing operations (millions)

$

2,415

 

$

2,530

Net income applicable to contingently issuable shares (millions)

 

 

 

Income from continuing operations on which diluted earnings per share is

 

 

 

 

 

 calculated (millions)

$

2,415

 

$

2,530

Loss from discontinued operations, net of tax, on which basic and diluted

 

 

 

 

 

 earnings per share is calculated (millions)

 

(88)

 

 

(146)

Net income on which diluted earnings per share is calculated (millions)

$

2,328

 

$

2,384

 

 

 

 

 

 

Earnings/(loss) per share of common stock:

 

 

 

 

 

 

 

 

 

 

 

Assuming dilution

 

 

 

 

 

  Continuing operations

$

2.44

 

$

2.43

  Discontinued operations

 

(0.09)

 

 

(0.14)

  Total

$

2.35

 

$

2.29

 

 

 

 

 

 

Basic

 

 

 

 

 

  Continuing operations

$

2.45

 

$

2.44

  Discontinued operations

 

(0.09)

 

 

(0.14)

  Total

$

2.36

 

$

2.30

 

 

 

 

 

 

 

 

 

 

 

 

       Stock options to purchase 48,202 shares and 19,129 shares were outstanding as of March 31, 2015 and 2014, respectively, 

but were not included in the computation of diluted earnings per share because the options' exercise price during the

respective periods was greater than the average market price of the common shares, and therefore, the effect would have been

antidilutive.

 

 

 

 

 

 

 

 

73