Annual Report — [x] Reg. S-K Item 405 — Form 10-K
Filing Table of Contents
Document/Exhibit Description Pages Size
1: 10-K405 The Gillette Company 15 90K
2: EX-10.F Directors,Officers & Co. Indemnity Ins. & Pension 14 37K
3: EX-10.H Directors Compensation Deferral Provisions 2± 9K
4: EX-10.L Description of Agreement Dated 1/1/96 1 6K
5: EX-11 Computation of Per Share Earnings 1 9K
6: EX-12 Computation of Ratios of Current Assets & Liabil. 1 7K
7: EX-13 Portions of 1995 Annual Report 37 210K
8: EX-22 Susidiaries of the Gillette Company 2 16K
9: EX-23 Independent Auditors Consent 1 8K
10: EX-24 Power of Attorney 2± 12K
11: EX-27 Financial Data Schedule 1 10K
EX-11 — Computation of Per Share Earnings
EXHIBIT 11
THE GILLETTE COMPANY AND SUBSIDIARY COMPANIES
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
YEARS ENDED DECEMBER 31, 1995, 1994 AND 1993
(MILLIONS OF DOLLARS, EXCEPT PER SHARE AMOUNTS, SHARES IN MILLIONS)
[Enlarge/Download Table]
1995 1994 1993
------ ------ ------
NET INCOME PER COMMON SHARE -- ASSUMING NO DILUTION
Net income as reported..................................... $823.5 $698.3 $288.3
Less: Preferred Stock Dividends, net of tax benefit........ (4.7) (4.7) (4.7)
------ ------ ------
Net income available to Common Shareholders................ $818.8 $693.6 $283.6
====== ====== ======
Average common shares outstanding.......................... 443.5 442.3 440.9
Reported net income per common share....................... $ 1.85 $ 1.57 $ .64
NET INCOME PER COMMON SHARE -- ASSUMING FULL DILUTION
Net income available to Common Shareholders (as above)..... $818.8 $693.6 $283.6
Add: Series C ESOP Preferred Stock dividend, net of tax
benefit................................................. 4.7 4.7 4.7
Deduct: Additional ESOP costs, net of tax benefit.......... (1.6) (2.2) (2.7)
------ ------ ------
Adjusted net income available to common shareholders....... $821.9 $696.1 $285.6
====== ====== ======
Average common shares outstanding.......................... 443.5 442.3 440.9
Add: Conversion of Series C ESOP Preferred Stock........... 6.5 6.6 6.6
Net additional common shares upon exercise of
stock options...................................... 5.8 4.2 3.5
------ ------ ------
Adjusted average common shares outstanding................. 455.8 453.1 451.0
------ ------ ------
Net income per common share -- assuming full dilution...... $ 1.80 $ 1.54 $ .63
1994 and 1993 per share amounts and average number of shares outstanding have
been restated to give effect to the two-for-one stock split effected as a 100%
common stock dividend to holders of record on June 1, 1995.
15
Dates Referenced Herein and Documents Incorporated by Reference
↑Top
Filing Submission 0000950135-96-001465 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
About — Privacy — Redactions — Help —
Thu., Apr. 25, 8:45:57.1pm ET 
