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Previous: SAFEWAY INC, 10-Q, 2000-08-01 |
Next: SAFEWAY INC, 10-Q, EX-12.1, 2000-08-01 |
<PAGE> 1
EXHIBIT 11.1
SAFEWAY INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER COMMON SHARE
(IN MILLIONS, EXCEPT PER-SHARE AMOUNTS)
(UNAUDITED)
<TABLE>
<CAPTION>
12 Weeks Ended
----------------------------------------------------------
June 17, 2000 June 19, 1999
-------------------------- --------------------------
Diluted Basic Diluted Basic
----------- ---------- ----------- -----------
<S> <C> <C> <C> <C>
Net income ................................................... $ 280.9 280.9 $ 236.4 236.4
=========== ========== =========== ===========
Weighted average common shares outstanding ................... 496.3 496.3 496.5 496.5
========== ===========
Common share equivalents ..................................... 14.2 16.5
----------- -----------
Weighted average shares outstanding ....................... 510.5 513.0
=========== ===========
Earnings per share ........................................... $ 0.55 0.57 $ 0.46 0.48
=========== ========== =========== ===========
Calculation of common share equivalents:
Options and warrants to purchase common shares ........ 38.1 36.7
Common shares assumed purchased with potential
proceeds .......................................... (23.9) (20.2)
----------- -----------
Common share equivalents .............................. 14.2 16.5
=========== ===========
Calculation of common shares assumed purchased with
potential proceeds:
Potential proceeds from exercise of options and
warrants to purchase common shares ................ $ 1,080.0 $ 1,008.3
Common stock price used under the treasury
stock method ...................................... $ 45.04 $ 49.87
Common shares assumed purchased with
potential proceeds ................................ 23.9 20.2
</TABLE>
17
<PAGE> 2
SAFEWAY INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER COMMON SHARE
(IN MILLIONS, EXCEPT PER-SHARE AMOUNTS)
(UNAUDITED)
<TABLE>
<CAPTION>
24 Weeks Ended
----------------------------------------------------------
June 17, 2000 June 19, 1999
-------------------------- --------------------------
Diluted Basic Diluted Basic
----------- ---------- ----------- -----------
<S> <C> <C> <C> <C>
Net income ................................................... $ 522.8 522.8 $ 442.2 442.2
=========== ========== =========== ===========
Weighted average common shares outstanding ................... 495.2 495.2 494.6 494.6
========== ===========
Common share equivalents ..................................... 14.0 18.3
----------- -----------
Weighted average common shares and common
share equivalents ......................................... 509.2 512.9
=========== ===========
Earnings per common share and common share equivalent:
Net income ............................................ $ 1.03 1.06 $ 0.86 0.89
=========== ========== =========== ===========
Calculation of common share equivalents:
Options and warrants to purchase common shares ........ 35.4 30.1
Common shares assumed purchased with potential
proceeds .......................................... (21.4) (11.8)
----------- -----------
Common share equivalents .............................. 14.0 18.3
=========== ===========
Calculation of common shares assumed purchased with
potential proceeds:
Potential proceeds from exercise of options and
warrants to purchase common shares ................ $ 884.3 $ 610.8
Common stock price used under the treasury
stock method ...................................... $ 41.16 $ 51.44
Common shares assumed purchased with
potential proceeds ................................ 21.4 11.8
</TABLE>
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