1. EPS in 2018
(amounts in thousands, except per share amount)
net Earnings
income Per Share
$400 $400
—————————————————————————— –––– =
2. EPS in 2019
(amounts in thousands, except per share amount)
net Earnings
income Per Share
3. 2018 EPS in the 2019 comparative financial statements
(amounts in thousands, except per share amount)
net Earnings
income Per Share
(amounts in thousands, except per share amount)
Exercise 19–13
Exercise 19–14
net preferred Earnings
income dividends Per Share
(amounts in thousands, except per share amount)
net
preferred Net Loss
loss
dividends Per Share
(amounts in millions, except per share amount)
net preferred Earnings
income dividends Per Share
—————————————————————— = ——— =
shares treasury new
at Jan. 1 shares shares
___ stock dividend ___
adjustment
Exercise 19–15
Exercise 19–16
(amounts in millions, except per share amount)
Basic EPS
net preferred
income dividends
—————————————————————————— = —— =
shares treasury new
at Jan. 1 shares shares
___ stock dividend ___
adjustment
Diluted EPS
net preferred
income dividends
—————————————————————————— = —— =
shares treasury new assumed exercise
at Jan. 1 shares shares of options
___ stock dividend ___
adjustment
**Purchase of treasury stock
30 million shares
Exercise 19–17
(amounts in millions, except per share amount)
Basic EPS
net preferred
income dividends
—————————————————————————— = —— =
shares treasury new actual exercise
at Jan. 1 shares shares of options
___ stock dividend ___
adjustment
*9% x $100 x 3 million shares = $27 million preferred dividends
Diluted EPS
net preferred
income dividends
shares treasury new assumed exercise actual exercise
at Jan. 1 shares shares of options of options
___ stock dividend ___
adjustment
**Purchase of treasury stock
Exercise 19–18
(amounts in millions, except per share amount)
Basic EPS
net preferred
income dividends
———————————————————————————— = — =
shares treasury new
at Jan. 1 shares shares
___ stock dividend ___
adjustment
*9% x $100 x 3 million shares = $27 million preferred
dividends
Diluted EPS
net preferred after-tax
income dividends interest savings
shares treasury new assumed exercise conversion
at Jan. 1 shares shares of options of bonds
___ stock dividend ___
adjustment
**8% x $62.5 million = $5 million interest
***Purchase of treasury stock
Exercise 19–19
(amounts in thousands, except per share amount)
Basic EPS
net
income
shares new
at Jan. 1 shares
Diluted EPS
net
income
shares new assumed exercise
at Jan. 1 shares of options
*Purchase of treasury shares
(amounts in thousands, except per share amounts)
Exercise 19–20
Exercise 19–21
Basic EPS
net preferred
income dividends
shares
at Jan. 1
Diluted EPS
net preferred preferred after-tax
income dividends dividends interest savings
shares conversion conversion
at Jan. 1 of preferred of bonds
stock
Order of Entry:
Note that we included in our calculation, the convertible security with the lowest
higher than the calculation prior to its inclusion. In those situations, including the
second security is antidilutive. That’s why we should include securities in the
calculation in reverse order, beginning with the lowest incremental effect (most
dilutive).
(amounts in thousands, except per share amounts)
Basic EPS
net Earnings
income Per Share
shares
at Jan. 1
Diluted EPS
net Earnings
income Per Share
shares shares
at Jan. 1 assumed vested
Proceeds:
Exercise 19–22
compensation expense per year
unexpensed compensation at Dec. 31, 2018
*Assumed purchase of treasury shares