Attached files
file | filename |
---|---|
EX-32.2 - EX-32.2 - INTERNATIONAL BUSINESS MACHINES CORP | a17-8917_1ex32d2.htm |
EX-32.1 - EX-32.1 - INTERNATIONAL BUSINESS MACHINES CORP | a17-8917_1ex32d1.htm |
EX-31.2 - EX-31.2 - INTERNATIONAL BUSINESS MACHINES CORP | a17-8917_1ex31d2.htm |
EX-31.1 - EX-31.1 - INTERNATIONAL BUSINESS MACHINES CORP | a17-8917_1ex31d1.htm |
EX-12 - EX-12 - INTERNATIONAL BUSINESS MACHINES CORP | a17-8917_1ex12.htm |
10-Q - 10-Q - INTERNATIONAL BUSINESS MACHINES CORP | a17-8917_110q.htm |
EXHIBIT 11
COMPUTATION OF BASIC AND DILUTED
EARNINGS PER SHARE
(UNAUDITED)
|
|
For the Three Months Ended |
| ||||
|
|
March 31, 2017 |
|
March 31, 2016 |
| ||
Number of shares on which basic earnings per share is calculated: |
|
|
|
|
| ||
Weighted-average shares outstanding during period |
|
942,440,901 |
|
961,729,448 |
| ||
Add Incremental shares under stock-based compensation plans |
|
4,213,258 |
|
2,020,910 |
| ||
Add Incremental shares associated with contingently issuable shares |
|
1,182,047 |
|
620,023 |
| ||
Number of shares on which diluted earnings per share is calculated |
|
947,836,207 |
|
964,370,381 |
| ||
|
|
|
|
|
| ||
Income from continuing operations (millions) |
|
$ |
1,753 |
|
$ |
2,016 |
|
Loss from discontinued operations, net of tax (millions) |
|
(3 |
) |
(3 |
) | ||
Net income on which basic earnings per share is calculated (millions) |
|
$ |
1,750 |
|
$ |
2,014 |
|
|
|
|
|
|
| ||
Income from continuing operations (millions) |
|
$ |
1,753 |
|
$ |
2,016 |
|
Net income applicable to contingently issuable shares (millions) |
|
|
|
|
| ||
Income from continuing operations on which diluted earnings per share is calculated (millions) |
|
$ |
1,753 |
|
$ |
2,016 |
|
Loss from discontinued operations, net of tax, on which basic and diluted earnings per share is calculated (millions) |
|
(3 |
) |
(3 |
) | ||
Net income on which diluted earnings per share is calculated (millions) |
|
$ |
1,750 |
|
$ |
2,014 |
|
|
|
|
|
|
| ||
Earnings/(loss) per share of common stock: |
|
|
|
|
| ||
|
|
|
|
|
| ||
Assuming dilution |
|
|
|
|
| ||
Continuing operations |
|
$ |
1.85 |
|
$ |
2.09 |
|
Discontinued operations |
|
0.00 |
|
0.00 |
| ||
Total |
|
$ |
1.85 |
|
$ |
2.09 |
|
|
|
|
|
|
| ||
Basic |
|
|
|
|
| ||
Continuing operations |
|
$ |
1.86 |
|
$ |
2.09 |
|
Discontinued operations |
|
0.00 |
|
0.00 |
| ||
Total |
|
$ |
1.86 |
|
$ |
2.09 |
|
Stock options to purchase 17,917 shares and 1,163,996 shares were outstanding as of March 31, 2017 and 2016, but were not included in the computation of diluted earnings per share because the options exercise price during the respective period was greater than the average market price of the common shares, and, therefore, the effect would have been antidilutive.