Contents - MiTAC

18) EARNINGS PER SHARE
For the period ended December 31, 2003
Amount
Outstanding
Common
Shares
Income per share (in dollars)
Income before
(in thousands Income before
income tax Net income of shares) income tax Net income
Primary earnings
per share:
Net income
Less: effect of
dilutive
potential
common stocks
issued by
investee
companies
under equity
$ 1,086,380 $ 1,051,473 1,021,545 $ 1.06 $ 1.03
method
Effect of dilutive
potential
common stocks:
Employee stock
( 58,439 ) ( 44,169 )
options
Diluted earnings
-
- 29,123
per share $ 1,027,941 $ 1,007,304 1,050,668 $ 0.98 $ 0.96
For the period ended December 31, 2002
Amount
Outstanding
Common
Shares
Income per share (in dollars)
Income before
(in thousands Income before
income tax Net income of shares) income tax Net income
Primary earnings
per share:
Net income
Less: effect of
dilutive
potential
common stocks
issued by
investee
companies
under equity
$ 872,751 $ 864,904 1,024,966 $ 0.85 $ 0.84
method
Effect of dilutive
potential
common stocks:
Employee stock
( 47,010 ) ( 35,258 )
options
Diluted earnings
-
- 40,941
per share $ 825,741 $ 829,646 1,065,907 $ 0.77 $ 0.78
A. The convertible bonds are anti-dilutive and are excluded when calculating diluted
earnings per share.
B. The retroactively adjusted weighted average outstanding common stock for 2003
and 2002 excluded treasury stock.
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