Apple 1996 Annual Report Download - page 84

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EXHIBIT 11
APPLE COMPUTER, INC.
COMPUTATION OF EARNINGS (LOSS) PER COMMON SHARE
(Dollars in millions, except per share amounts)
Fiscal Years Ended
September 27, September 29, September 30,
1996 1995 1994
Primary Earnings
(Loss) Per Share
Net income(loss) ($816) $424 $310
Shares
Weighted average
number of common
shares
outstanding
(in thousands) 123,734 121,192 117,808
Adjustment for
dilutive effect
of outstanding
stock options
(in thousands) -- 1,855 927
Weighted average
number of
common and
common
equivalent
shares used
for primary
earnings(loss)
per share (in
thousands) 123,734 123,047 118,735
Primary earnings
(loss) per
common and
common
equivalent
share ($6.59) $3.45 $2.61
Fully Diluted
Earnings(Loss)
Per Share
Net income (loss) ($816) $424 $310
Shares
Weighted averages
number of common
shares
outstanding
(in thousands) 123,734 121,192 118,735
Adjustment for
dilutive
effect of
outstanding
stock options
(in thousands) -- 2,076 1,002
Weighted average
number of common
and common
equivalent shares
used for fully
diluted earninngs
(loss) per share
(in thousands) 123,734 123,268 118,810
Fully diluted
earnings(loss)
per common and
common