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Previous: INTERPUBLIC GROUP OF COMPANIES INC, 10-Q, EX-10.B, 2000-11-14 |
Next: INTERPUBLIC GROUP OF COMPANIES INC, 10-Q, EX-27, 2000-11-14 |
EXHIBIT 11
Page 1 of 2
THE INTERPUBLIC GROUP OF COMPANIES, INC. AND ITS SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
(Amounts in Thousands Except Per Share Data)
Three Months Ended September 30
-------------------------------
Basic 2000 1999
------------ ------------
Net income $ 61,860 $ 67,775
Weighted average number of common shares
outstanding 300,004 292,762
============ ============
Earnings per common share $ .21 $ .23
============ ============
Three Months Ended September 30
-------------------------------
Diluted 2000 1999
------------ ------------
Net income $ 61,860 $ 67,775
Add:
After tax savings on assumed conversion
of subordinated debentures and notes -- --
Dividends paid net of related income tax
applicable to restricted stock 184 163
------------ ------------
Net income, as adjusted $ 62,044 $ 67,938
============ ============
Weighted average number of common shares
outstanding 300,004 292,762
Weighted average number of incremental shares
in connection with restricted stock
and assumed exercise of stock options 9,029 10,611
Assumed conversion of subordinated
debentures and notes -- --
------------ ------------
Weighted average common and
common equivalent share 309,033 303,373
============ ============
Earnings per common and
common equivalent share $ .20 $ .22
============ ============
Note: The computation of diluted EPS for 2000 and 1999 excludes the assumed
conversion of the 1.87% and 1.8% Convertible Subordinated Notes because they
were anti-dilutive.
<PAGE>
EXHIBIT 11
Page 2 of 2
THE INTERPUBLIC GROUP OF COMPANIES, INC. AND ITS SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
(Amounts in Thousands Except Per Share Data)
Nine Months Ended September 30
------------------------------
Basic 2000 1999
----------- -----------
Net income $ 235,994 $ 266,494
Weighted average number of common shares
outstanding 296,113 291,832
=========== ===========
Earnings per common share $ .80 $ .91
=========== ===========
Nine Months Ended September 30
------------------------------
Diluted 2000 1999
----------- -----------
Net income $ 235,994 $ 266,494
Add:
After tax interest savings on assumed
conversion of subordinated debentures and notes -- 5,862
Dividends paid net of related income tax
applicable to restricted stock 518 466
----------- -----------
Net income, as adjusted $ 236,512 $ 272,822
=========== ===========
Weighted average number of common shares
outstanding 296,113 291,832
Weighted average number of incremental shares
in connection with restricted stock
and assumed exercise of stock options 9,825 10,765
Assumed conversion of subordinated
debentures and notes -- 6,693
----------- -----------
Weighted average common and
common equivalent share 305,938 309,290
=========== ===========
Earnings per common and common equivalent share $ .77 $ .88
=========== ===========
Note: The computation of diluted EPS for 2000 excludes the assumed conversion of
the 1.87% and 1.8% Convertible Subordinated Notes and for 1999 excludes the
assumed conversion of the 1.87% Convertible Subordinated Notes, respectively,
because they were anti-dilutive.
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