Intel 1994 Annual Report Download - page 16

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EXHIBIT 11.1
(1) Earnings per common and common equivalent share presented on the face of the income statement represent primary earnings per share.
Dual presentation of primary and fully diluted earnings per share has not been made on the face of the income statement because the
differences are insignificant. This exhibit is presented because common stock equivalents represent more than 3% of weighted average
common shares outstanding.
INTEL CORPORATION
COMPUTATION OF EARNINGS PER SHARE
(In millions, except per share amounts)
Year Ended
-----------------------------
Dec. 26, Dec. 25, Dec. 31,
1992 1993 1994
------- ------- -------
PRIMARY SHARES CALCULATION
Reconciliation of weighted average number
of shares outstanding to amount used in
primary earnings per share computation:
Weighted average number of shares outstanding 414 418 415
Add-shares issuable from assumed exercise of options
and warrants 15 23 22
------ ------ ------
Weighted average number of shares outstanding as
adjusted 429 441 437
====== ====== ======
FULLY DILUTED SHARES CALCULATION
Reconciliation of weighted average number
of shares outstanding to amount used in
fully diluted earnings per share computation:
Weighted average number of shares outstanding 414 418 415
Add-shares issuable from assumed exercise of options
and warrants 17 23 22
------ ------ ------
Weighted average number of shares outstanding as
adjusted 431 441 437
====== ====== ======
NET INCOME $1,067 $2,295 $2,288
====== ====== ======
PRIMARY EARNINGS PER SHARE $ 2.49 $ 5.20 $ 5.24
====== ====== ======
FULLY DILUTED EARNINGS PER SHARE(1) $ 2.48 $ 5.20 $ 5.24
====== ====== ======