Attached files
file | filename |
---|---|
10-Q - 10-Q - INTERNATIONAL BUSINESS MACHINES CORP | ibm15q2_10q.htm |
EX-31.1 - EX-31.1 - INTERNATIONAL BUSINESS MACHINES CORP | ibm15q2_ex31d1.htm |
EX-12 - EX-12 - INTERNATIONAL BUSINESS MACHINES CORP | ibm15q2_ex12.htm |
EX-32.2 - EX-32.2 - INTERNATIONAL BUSINESS MACHINES CORP | ibm15q2_ex32d2.htm |
EX-32.1 - EX-32.1 - INTERNATIONAL BUSINESS MACHINES CORP | ibm15q2_ex32d1.htm |
EX-31.2 - EX-31.2 - INTERNATIONAL BUSINESS MACHINES CORP | ibm15q2_ex31d2.htm |
EXHIBIT 11
COMPUTATION OF BASIC AND DILUTED
EARNINGS PER SHARE
(UNAUDITED)
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For the Three Months Ended |
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June 30, 2015 |
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June 30 2014 |
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Number of shares on which basic earnings per share is calculated: |
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|
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Weighted-average shares outstanding during period |
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982,309,853 |
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|
999,637,745 |
Add – Incremental shares under stock-based compensation plans |
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3,501,947 |
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4,102,729 |
Add – Incremental shares associated with contingently issuable shares |
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861,760 |
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1,407,821 |
Number of shares on which diluted earnings per share is calculated |
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986,673,560 |
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1,005,148,295 |
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|
|
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Income from continuing operations (millions) |
$ |
3,526 |
|
$ |
4,251 |
Loss from discontinued operations, net of tax (millions) |
|
(77) |
|
|
(115) |
Net income on which basic earnings per share is calculated (millions) |
$ |
3,449 |
|
$ |
4,137 |
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|
|
|
|
|
Income from continuing operations (millions) |
$ |
3,526 |
|
$ |
4,251 |
Net income applicable to contingently issuable shares (millions) |
|
– |
|
|
0 |
Income from continuing operations on which diluted earnings per share is |
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|
|
|
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calculated (millions) |
$ |
3,526 |
|
$ |
4,251 |
Loss from discontinued operations, net of tax, on which basic and diluted |
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|
|
|
|
earnings per share is calculated (millions) |
|
(77) |
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|
(115) |
Net income on which diluted earnings per share is calculated (millions) |
$ |
3,449 |
|
$ |
4,136 |
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Earnings/(loss) per share of common stock: |
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Assuming dilution |
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Continuing operations |
$ |
3.58 |
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$ |
4.23 |
Discontinued operations |
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(0.08) |
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|
(0.11) |
Total |
$ |
3.50 |
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$ |
4.12 |
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Basic |
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Continuing operations |
$ |
3.59 |
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$ |
4.25 |
Discontinued operations |
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(0.08) |
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(0.11) |
Total |
$ |
3.51 |
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$ |
4.14 |
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Stock options to purchase 39,021 shares and 3,477 shares were outstanding as of June 30, 2015 and 2014, respectively, |
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but were not included in the computation of diluted earnings per share because the options' exercise price during the |
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respective periods was greater than the average market price of the common shares, and therefore, the effect would have been |
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antidilutive. |
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89
EXHIBIT 11
COMPUTATION OF BASIC AND DILUTED
EARNINGS PER SHARE
(UNAUDITED)
|
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For the Six Months Ended |
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June 30, 2015 |
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June 30 2014 |
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Number of shares on which basic earnings per share is calculated: |
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|
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Weighted-average shares outstanding during period |
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985,229,912 |
|
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1,017,425,656 |
Add – Incremental shares under stock compensation plans |
|
3,461,376 |
|
|
4,768,022 |
Add – Incremental shares associated with contingently issuable shares |
|
811,793 |
|
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1,265,544 |
Number of shares on which diluted earnings per share is calculated |
|
989,503,081 |
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1,023,459,222 |
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Income from continuing operations (millions) |
$ |
5,942 |
|
$ |
6,782 |
Loss from discontinued operations, net of tax (millions) |
|
(165) |
|
|
(261) |
Net income on which basic earnings per share is calculated (millions) |
$ |
5,777 |
|
$ |
6,521 |
|
|
|
|
|
|
Income from continuing operations (millions) |
$ |
5,942 |
|
$ |
6,782 |
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|
|
|
|
|
Net income applicable to contingently issuable shares (millions) |
|
‒ |
|
|
0 |
Income from continuing operations on which diluted earnings per share is |
|
|
|
|
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calculated (millions) |
$ |
5,942 |
|
$ |
6,781 |
Loss from discontinued operations, net of tax, on which basic and diluted |
|
|
|
|
|
earnings per share is calculated (millions) |
|
(165) |
|
|
(261) |
Net income on which diluted earnings per share is calculated (millions) |
$ |
5,777 |
|
$ |
6,521 |
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|
|
|
|
|
Earnings/(loss) per share of common stock: |
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|
|
|
|
|
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Assuming dilution |
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|
|
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Continuing operations |
$ |
6.01 |
|
$ |
6.62 |
Discontinued operations |
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(0.17) |
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|
(0.25) |
Total |
$ |
5.84 |
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$ |
6.37 |
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Basic |
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|
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Continuing operations |
$ |
6.03 |
|
$ |
6.67 |
Discontinued operations |
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(0.17) |
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|
(0.26) |
Total |
$ |
5.86 |
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$ |
6.41 |
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Stock options to purchase 43,611 shares and 11,303 shares (average of first and second quarter share amounts) were |
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outstanding as of June 30, 2015 and 2014, respectively, but were not included in the computation of diluted earnings |
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per share because the options' exercise price during the respective periods was greater than the average market price |
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of the common shares, and, therefore, the effect would have been antidilutive. |
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90