Annual Report — [x] Reg. S-K Item 405 — Form 10-K
Filing Table of Contents
Document/Exhibit Description Pages Size
1: 10-K405 Annual Report -- [x] Reg. S-K Item 405 115 588K
2: EX-10.(N) Employment Contract 14 54K
3: EX-10.(V) Amendment No. 1 to Stock Purchase Agreement 25 85K
4: EX-11 Computation of Net Earnings (Loss) Per Share 2± 12K
5: EX-21 Subsidiaries of the Registrant 9 30K
6: EX-23.(A) Consent of Independent Accountants 1 9K
7: EX-24 Power of Attorney 9 22K
8: EX-27.1 Restated FDS for Y/E 12/31/96 2± 12K
9: EX-27.2 Restated FDS for Q/E 3/31/97 2± 12K
10: EX-27.3 Restated FDS for Q/E 6/30/97 2± 12K
11: EX-27.4 Restated FDS for Q/E 9/30/97 2± 12K
12: EX-27.5 Restated FDS for Y/E 12/31/97 2± 11K
13: EX-27.6 Restated FDS for Q/E 3/31/98 2± 12K
14: EX-27.7 Restated FDS for Q/E 6/30/98 2± 12K
15: EX-27.8 Restated FDS for Q/E 9/30/98 2± 12K
16: EX-27.9 FDS for Y/E 12/31/98 1 11K
EX-11 — Computation of Net Earnings (Loss) Per Share
Viacom Inc. and Subsidiaries
Computation of Net Earnings (Loss) Per Share
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Year ended December 31,
-----------------------------------
1998 1997 1996
---- ---- ----
(In millions, except per share amounts)
Earnings (loss):
Earnings (loss) from continuing operations ............. $ (43.5) $ 373.5 $ 152.2
Cumulative convertible preferred stock dividend
requirement .......................................... (57.2) (60.0) (60.0)
Discount on repurchase of preferred stock .............. 30.0 -- --
-------- -------- ---------
Earnings (loss) from continuing operations
attributable to common stock ......................... (70.7) 313.5 92.2
Earnings (loss) from discontinued operations, net of
tax .................................................. (54.1) 14.9 (62.0)
Net gain on dispositions, net of tax ................... 49.9 405.2 1,157.7
Extraordinary loss, net of tax ......................... (74.7) -- --
-------- -------- ---------
Net earnings (loss) .................................... $ (149.6) $ 733.6 $ 1,187.9
======== ========= ==========
Basic computation:
Shares:
Weighted average number of common shares ............... 708.7 705.8 728.0
======== ========= ==========
Net earnings per common share:
Earnings (loss) from continuing operations ............. $ (0.10) $ 0.44 $ 0.13
Earnings (loss) from discontinued operations, net of
tax .................................................. (0.08) 0.02 (0.09)
Net gain on dispositions, net of tax ................... 0.07 0.58 1.59
Extraordinary loss, net of tax ......................... (0.10) -- --
-------- -------- ---------
Net earnings (loss) .................................... $ (0.21) $ 1.04 $ 1.63
======== ========= ==========
Diluted computation:
Shares:
Weighted average number of common shares (basic) ....... 708.7 705.8 728.0
Common shares potentially issuable in connection with:
Stock options and warrants(1): .................... -- 2.7 6.7
-------- -------- ---------
Weighted average number of common shares (diluted) ..... 708.7 708.5 734.7
======== ========= ==========
Net earnings (loss) per common share:
Earnings (loss) from continuing operations ............. $ (0.10) $ 0.44 $ 0.13
Earnings (loss) from discontinued operations, net of
tax .................................................. (0.08) 0.02 (0.09)
Net gain on dispositions, net of tax ................... 0.07 0.58 1.58
Extraordinary loss, net of tax ......................... (0.10) -- --
-------- -------- ---------
Net earnings (loss) .................................... $ (0.21) $ 1.04 $ 1.62
======== ========= ==========
(1) For the year ended December 31, 1998, the assumed exercise of stock
options had an anti-dilutive effect on earnings per share, and therefore
was excluded from the diluted earnings per share calculation.
Dates Referenced Herein and Documents Incorporated by Reference
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