|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: KMART CORP, 10-Q, 2000-06-02 |
Next: KMART CORP, 10-Q, EX-27, 2000-06-02 |
<PAGE> 1
EXHIBIT 11
KMART CORPORATION
INFORMATION ON COMPUTATION OF EARNINGS PER SHARE
<TABLE>
<CAPTION>
($ Millions, except per share data) 13 Weeks Ended
-------------------------
April 26, April 28,
2000 1999
--------- ---------
<S> <C> <C>
I. Basic earnings per common share:
Net income $ 22 $ 56
Add: Discount on redemption of preferred securities, net 9 -
------- -------
(a) Income available to common shareholders $ 31 $ 56
======= =======
(b) Basic weighted average common shares outstanding 481.3 494.1
======= =======
Basic earnings per common share: (a)/(b) $ 0.06 $ 0.11
======= =======
II. Diluted earnings per common share (1):
Income available to common shareholders $ 31 $ 56
Add: Dividends on outstanding trust convertible preferred securities, net 11 13
------- -------
(c) Adjusted income available to common shareholders $ 42 $ 69
======= =======
Basic weighted average common shares outstanding 481.3 494.1
Dilutive effect of stock options 0.6 6.3
Dilutive effect of written put options 0.7 -
Weighted average of repurchased trust convertible preferred securities 3.1 -
Weighted average of outstanding trust convertible preferred securities 60.2 66.7
------- -------
(d) Diluted weighted average common shares outstanding 545.9 567.1
======= =======
Diluted earnings per common share: (c)/(d) $ 0.08 $ 0.12
======= =======
</TABLE>
(1) This calculation is submitted in accordance with Regulation S-K
item 601(b)(11) although it is contrary to paragraph 13 of SFAS 128 because
it produces an anti-dilutive result.
|
|