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Previous: INTERNATIONAL PAPER CO /NEW/, 10-Q, EX-10.1, 2000-08-11 |
Next: INTERNATIONAL PAPER CO /NEW/, 10-Q, EX-12, 2000-08-11 |
<PAGE>
(EXHIBIT 11)
INTERNATIONAL PAPER COMPANY
STATEMENT OF COMPUTATION OF PER SHARE EARNINGS
(UNAUDITED)
(IN MILLIONS, EXCEPT PER SHARE AMOUNTS)
<TABLE>
<CAPTION>
THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30, JUNE 30,
------------------------ ------------------------
2000 1999 2000 1999
---------- ---------- ---------- ---------
<S> <C> <C> <C> <C>
EARNINGS (LOSS) BEFORE EXTRAORDINARY ITEMS $ 270 $ (58) $ 514 $ (26)
Effect of dilutive securities
Preferred securities of subsidiary trust 5 9
---------- ---------- ---------- ---------
EARNINGS (LOSS) BEFORE EXTRAORDINARY ITEMS
-ASSUMING DILUTION $ 275 $ (58) $ 523 $ (26)
========== ========== ========== =========
AVERAGE COMMON SHARES OUTSTANDING 421.0 413.0 417.3 412.5
Effect of dilutive securities
Preferred securities of subsidiary trust 8.3 8.3
Long-term incentive plan
deferred compensation (1.1) (1.1)
Stock options 0.3 0.5
---------- ---------- ---------- ---------
AVERAGE COMMON SHARES OUTSTANDING -
ASSUMING DILUTION 429.6 411.9 426.1 411.4
========== ========== ========== =========
EARNINGS (LOSS) PER COMMON SHARE BEFORE
EXTRAORDINARY ITEMS $ 0.64 $ (0.14) $ 1.23 $ (0.06)
========== ========== ========== =========
EARNINGS (LOSS) PER COMMON SHARE BEFORE
EXTRAORDINARY ITEMS - ASSUMING DILUTION $ 0.64 $ (0.14) $ 1.23 $ (0.06)
========== ========== ========== =========
</TABLE>
Note: If an amount does not appear in the above table, the security was
antidilutive for the period presented.
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