Apple 1997 Annual Report Download - page 183

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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 26, SEPTEMBER 27, SEPTEMBER 29,
1997 1996 1995
------------- ------------- -------------
PRIMARY EARNINGS (LOSS) PER SHARE
Net income (loss)................................................. $ (1,045) $ (816) $ 424
Shares
Weighted average number of common shares outstanding (in
thousands).................................................... 126,062 123,734 121,192
Adjustment for dilutive effect of outstanding stock options (in
thousands).................................................... -- -- 1,855
Weighted average number of common and common equivalent shares
used for primary earnings (loss) per share (in thousands)..... 126,062 123,734 123,047
Primary earnings (loss) per common and common equivalent share...... $ (8.29) $ (6.59) $ 3.45
FULLY DILUTED EARNINGS (LOSS) PER SHARE
Net income (loss)................................................. $ (1,045) $ (816) $ 424
Shares
Weighted average number of common shares outstanding (in
thousands).................................................... 126,062 123,734 121,192
Adjustment for dilutive effect of outstanding stock options (in
thousands).................................................... -- -- 2,076
Weighted average number of common and common equivalent shares
used for fully diluted earnings (loss) per share (in
thousands).................................................... 126,062 123,734 123,268
Fully diluted earnings (loss) per common and common equivalent
share............................................................. $ (8.29) $ (6.59) $ 3.44