Safeway 1997 Annual Report Download - page 41

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1997 1996 1995
■■■ ■■■
(In millions, except per-share amounts) Diluted Basic Diluted Basic Diluted Basic
Income before extraordinary loss $621.5 $621.5 $460.6 $460.6 $328.3 $328.3
Extraordinary loss (64.1) (64.1) – – (2.0) (2.0)
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Net income $557.4 $557.4 $460.6 $460.6 $326.3 $326.3
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Weighted average common shares outstanding 462.3 462.3 436.0 436.0 423.9 423.9
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Common share equivalents 35.4 39.7 57.3
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Weighted average shares outstanding 497.7 475.7 481.2
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Earnings per common share and
common share equivalent:
Income before extraordinary loss $ 1.25 $ 1.35 $ 0.97 $ 1.06 $ 0.68 $ 0.77
Extraordinary loss (0.13) (0.14) – – – –
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Net income $ 1.12 $ 1.21 $ 0.97 $ 1.06 $ 0.68 $ 0.77
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Calculation of common share equivalents:
Options and warrants to purchase
common shares 58.6 62.6 88.1
Common shares assumed purchased with
potential proceeds (23.2) (22.9) (30.8)
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Common share equivalents 35.4 39.7 57.3
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Calculation of common shares assumed
purchased with potential proceeds:
Potential proceeds from exercise of options
and warrants to purchase common shares $597.4 $394.3 $298.9
Common stock price used under the
treasury stock method $25.75 $ 17.22 $ 9.70
Common shares assumed purchased with
potential proceeds 23.2 22.9 30.8
Share and per-share amounts reflect the two-for-one stock splits effected in February 1998 and in January 1996.
Earnings per share have been restated in accordance with Statement of Financial Accounting Standard No. 128, “Earnings per Share.”
SAFEWAY INC. AND SUBSIDIARIES
Computation of Earnings Per Share
38