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Previous: DETROIT EDISON CO, 10-Q, EX-10.39, 2000-11-13 |
Next: DETROIT EDISON CO, 10-Q, EX-12.26, 2000-11-13 |
<PAGE> 1
EXHIBIT 11-20
DTE ENERGY COMPANY
BASIC AND DILUTED EARNINGS PER SHARE
OF COMMON STOCK
<TABLE>
<CAPTION>
Three Months Nine Months
Ended Ended
September 30, 2000 September 30, 2000
------------------ ------------------
(Thousands, except per share amounts)
<S> <C> <C>
BASIC:
Net income....................................................... $ 103,784 $329,050
Weighted average number of common
shares outstanding (a)......................................... 142,655 143,272
Earnings per share of common stock
based on weighted average number
of shares outstanding.......................................... $ 0.73 $ 2.30
DILUTED:
Net income....................................................... $ 103,784 $329,050
Weighted average number of common
shares outstanding (a)......................................... 142,655 143,272
Incremental shares from assumed exercise
of options..................................................... 181 88
------------ --------
142,836 143,360
============ ========
Earnings per share of common stock
assuming exercise of options................................... $ 0.73 $ 2.30
</TABLE>
--------------------------
(a) Based on a daily average.
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