Conagra Foods Inc/DE – ‘10-K’ for 5/26/96 – EX-11

As of:  Monday, 8/26/96   ·   For:  5/26/96   ·   Accession #:  23217-96-29   ·   File #:  1-07275

in

this entire Filing. an “Entity” Search.

Show

Documents searched

and

each “hit”. the 1st “hit”.

↓↑Hints

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                         17±    71K 
 2: EX-3        Articles of Incorporation/Organization or By-Laws    110±   413K 
 3: EX-10       Material Contract                                      4±    17K 
 4: EX-11       Statement re: Computation of Earnings Per Share        3±    12K 
 5: EX-12       Statement re: Computation of Ratios                    2±    10K 
 6: EX-13       Annual or Quarterly Report to Security Holders        71±   274K 
 7: EX-21       Subsidiaries of the Registrant                         3±    11K 
 8: EX-23       Consent of Experts or Counsel                          1      7K 
 9: EX-24       Power of Attorney                                      4±    16K 
10: EX-27       Financial Data Schedule (Pre-XBRL)                     1      7K 

EX-11   —   Statement re: Computation of Earnings Per Share

Exhibit 11                                                                      

CONAGRA, INC. AND SUBSIDIARIES      

Computation of Income Per Share     

(In millions, except per share amounts)       

                     Fiscal Year Ended
                   52/53
                             May 31, May 30, May 29, May 28, May 26,
                              1992    1993    1994    1995    1996
                            ------  ------  ------  ------  ------

Computation of income per                                                       
common and common                                                           
equivalent share:                                                           
Income before cumulative                                                        
effect of change in                                                         
accounting principle             $372.4  $391.5  $437.1  $495.6  $188.9     
Less preferred dividends             24.5    24.0    24.0    24.0     8.6       
                            ------  ------  ------  ------  ------
Income available to common                                                      
stock before cumulative                                                     
effect of change                                                            
in accounting principle           347.9   367.5   413.1   471.6   180.3     
Cumulative effect of change                                                     
in accounting principle              -   (121.2)     -       -       -      
                            ------  ------  ------  ------  ------
Income available to common                                                      
stock                            $347.9  $246.3  $413.1  $471.6  $180.3     
                            ======  ======  ======  ======  ======

Weighted average common                                                         
shares outstanding                227.9   230.3   226.7   226.5   225.7     
Add shares applicable to                                                    
stock options using                                                     
average market price              4.0     2.7     1.8     2.5     3.8   
                            ------  ------  ------  ------  ------
Average common and common                                                       
equivalent shares                                                               
outstanding                         231.9   233.0   228.5   229.0   229.5       
                            ======  ======  ======  ======  ======

Income per common and common                                                    
equivalent share:                                                               
Before cumulative effect of                                                 
change in accounting                                                    
principle                      $ 1.50  $ 1.58  $ 1.81  $ 2.06  $  .79   
Cumulative effect of                                                            
change in                                                               
accounting principle              -     (0.52)     -       -       -    
                            ------  ------  ------  ------  ------
Net Income                        $  1.50 $  1.06 $  1.81 $  2.06 $   .79       
                            ======  ======  ======  ======  ======

Computation of income                                                           
per common share                                                            
assuming full dilution:                                                     
Income available to                                                         
common stock before                                                     
cumulative effect of                                                    
change in accounting                                                    
principle                      $347.9  $367.5  $413.1  $471.6  $180.3   
Add dividends on                                                                
convertible preferred                                                     
stock                             24.5    24.0    24.0    24.0     8.6    
                            ------  ------  ------  ------  ------
Net income available to                                                         
common stock before                                                       
cumulative effect of                                                      
change in accounting                                                      
principle assuming                                                        
full dilution                    372.4   391.5   437.1   495.6   188.9    
Cumulative effect of                                                            
change in accounting                                                      
principle                           -   (121.2)     -       -       -     
                            ------  ------  ------  ------  ------
Net income applicable                                                           
to common stock assuming                                                  
full dilution                   $372.4  $270.3  $437.1  $495.6  $188.9    
                            ======  ======  ======  ======  ======

Exhibit 11 (Continued)                                                          
                     Fiscal Year Ended
                         52/53 Weeks
                             May 31, May 30, May 29, May 28, May 26,
                              1992    1993    1994    1995    1996
                            ------  ------  ------  ------  ------

Weighted average common                                                         
shares outstanding                227.9   230.3   226.7   226.5   225.7     
Add shares assumed                                                              
issued for convertible                                                      
preferred stock                    14.8    14.7    14.6    14.6     5.6     
Add shares applicable to                                                        
stock options using                                                         
the period-end market                                                       
price if higher than                                                        
average market price                4.0     2.8     1.9     3.1     4.0     
                            ------  ------  ------  ------  ------

Average common and common                                                       
equivalent shares                                                           
assuming full dilution            246.7   247.8   243.2   244.2   235.3     
                            ======  ======  ======  ======  ======

Income per common share                                                         
assuming full dilution:                                                     
Before cumulative effect                                                    
of change in accounting                                                   
principle                      $  1.51 $  1.58 $  1.80 $  2.03 $   .80    
Cumulative effect of                                                            
change in accounting                                                        
principle                             -   (0.49)      -      -       -      
                            ------  ------  ------  ------  ------
Net Income                        $  1.51 $  1.09 $  1.80 $  2.03 $   .80       
                            ======  ======  ======  ======  ======