Apple 1994 Annual Report Download - page 71

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EXHIBIT 11
APPLE COMPUTER, INC.
COMPUTATION OF EARNINGS PER COMMON SHARE
(In thousands, except per share amounts)
68
Fiscal Years Ended
September 30, September 24, September 25,
1994 1993 1992
Primary Earnings Per Share
Earnings
Net income applicable
to common stock $310,178 $ 86,589 $530,373
Shares
Weighted average number
of common shares
outstanding 117,808 117,096 119,198
Adjustment for dilutive
effect of outstanding
stock options 927 2,029 3,292
Weighted average number of
common and common equivalent
shares used for
primary earnings per share 118,735 119,125 122,490
Primary earnings per
common share $2.61 $0.73 $4.33
Fully Diluted Earnings Per
Share
Earnings
Net income applicable
to common stock $310,178 $ 86,589 $530,373
Shares
Weighted average number
of common shares
outstanding 117,808 117,096 119,198
Adjustment for dilutive
effect of outstanding
stock options 1,002 2,174 3,388
Weighted average number of
common and common equivalent
shares used for fully
diluted earnings per share 118,810 119,270 122,586
Fully diluted earnings per
common share $2.61 $0.73 $4.33