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Previous: LEE SARA CORP, 10-Q, 2000-05-12 |
Next: LEE SARA CORP, 10-Q, 2000-05-12 |
EXHIBIT 11
SARA LEE CORPORATION AND SUBSIDIARIES
Computation of Net Income per Common Share
(in millions, except per share data)
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FOR THE PERIODS ENDED APRIL 1, 2000 |
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THIRTEEN WEEKS ENDED |
THIRTY-NINE WEEKS ENDED |
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Basic |
Diluted |
Basic |
Diluted |
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| EARNINGS: | |||||||||||||
| Net income | $ | 262 | $ | 262 | $ | 909 | $ | 909 | |||||
| Less: Dividends on Preferred Stock, net of tax benefits | (3 | ) | — | (9 | ) | — | |||||||
| Adjustment attributable to conversion of ESOP Convertible Preferred Stock | — | (1 | ) | — | (2 | ) | |||||||
| Net Income Available for Common Stockholders | $ | 259 | $ | 261 | $ | 900 | $ | 907 | |||||
| SHARES: |
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| Weighted Average Shares Outstanding | 878 | 878 | 881 | 881 | |||||||||
| Add: Common Stock Equivalents— | |||||||||||||
| ESOP Convertible Preferred Stock | — | 28 | — | 28 | |||||||||
| Stock Options | — | 1 | — | 2 | |||||||||
| Restricted Stock and Other | — | 4 | — | 5 | |||||||||
| Adjusted Weighted Average Shares Outstanding | 878 | 911 | 881 | 916 | |||||||||
| NET INCOME PER COMMON SHARE | $ | 0.30 | $ | 0.29 | $ | 1.02 | $ | 0.99 | |||||
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EXHIBIT 11
(Continued)
SARA LEE CORPORATION AND SUBSIDIARIES
Computation of Net Income per Common Share
(in millions, except per share data)
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FOR THE PERIODS ENDED MARCH 27, 1999 |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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THIRTEEN WEEKS ENDED |
THIRTY-NINE WEEKS ENDED |
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Basic |
Diluted |
Basic |
Diluted |
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| EARNINGS: | |||||||||||||
| Net income | $ | 245 | $ | 245 | $ | 905 | $ | 905 | |||||
| Less: Dividends on Preferred Stock, net of tax benefits | (3 | ) | — | (9 | ) | — | |||||||
| Adjustment attributable to conversion of ESOP Convertible Preferred Stock | — | (1 | ) | — | (3 | ) | |||||||
| Net Income Available for Common Stockholders | $ | 242 | $ | 244 | $ | 896 | $ | 902 | |||||
| SHARES: |
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| Weighted Average Shares Outstanding | 903 | 903 | 908 | 908 | |||||||||
| Add: Common Stock Equivalents— | |||||||||||||
| ESOP Convertible Preferred Stock | — | 30 | — | 30 | |||||||||
| Stock Options | — | 9 | — | 11 | |||||||||
| Restricted Stock and Other | — | 5 | — | 4 | |||||||||
| Adjusted Weighted Average Shares Outstanding | 903 | 947 | 908 | 953 | |||||||||
| NET INCOME PER COMMON SHARE | $ | 0.27 | $ | 0.26 | $ | 0.99 | $ | 0.95 | |||||
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