|
Thousands of dollars, except per-share amounts and numbers of shares
For the years ended September 30, 2004, 2003, and 2002, the following table sets forth the computations of basic and diluted earnings per share (shares in thousands):
| |
|
2004 |
|
|
2003 |
|
|
2002 |
|
 |
| Income from continuing operations |
$ |
582,504 |
|
$ |
554,930 |
|
$ |
479,352 |
|
| Preferred stock dividends |
|
(2,115 |
) |
|
(2,344 |
) |
|
(2,553 |
) |
|
Income from continuing operations
available to common shareholders(A) |
|
580,389 |
|
|
552,586 |
|
|
476,799 |
|
Preferred stock dividends–using
“if converted” method |
|
2,115 |
|
|
2,344 |
|
|
2,553 |
|
Additional ESOP contribution–
using “if converted” method |
|
(52 |
) |
|
(502 |
) |
|
(613 |
) |
|
Income from continuing operations
available to common shareholders
after assumed conversions(B) |
$ |
582,452 |
|
$ |
554,428 |
|
$ |
478,739 |
|
|
Average common shares
outstanding(C) |
|
252,011 |
|
|
254,497 |
|
|
258,016 |
|
Dilutive stock equivalents
from stock plans |
|
7,948 |
|
|
5,402 |
|
|
6,076 |
|
Shares issuable upon conversion
of preferred stock |
|
3,378 |
|
|
3,736 |
|
|
4,091 |
|
|
Average common and common
equivalent shares outstanding–
assuming dilution(D) |
|
263,337 |
|
|
263,635 |
|
|
268,183 |
|
|
Basic earnings per share–income
from continuing operations |
$ |
2.30 |
|
$ |
2.17 |
|
$ |
1.85 |
|
| (A divided by C) |
|
|
|
|
Diluted earnings per share–income
from continuing operations |
$ |
2.21 |
|
$ |
2.10 |
|
$ |
1.79 |
|
| (B divided by D) |
|
|
|
|
|
|
|
|
|
|
7,384 common shares and 5,004 common shares were issued upon the exercise of stock options for the years ended September 30, 2004 and 2003, respectively.
|
