Intel 1996 Annual Report Download - page 39

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1 EXHIBIT 11.1
INTEL CORPORATION
COMPUTATION OF PER SHARE EARNINGS
(In millions, except per share amounts)
FULLY DILUTED SHARES CALCULATION
Year Ended
-----------------------------
Dec. 31, Dec. 30, Dec. 28,
1994 1995 1996
------- ------- -------
PRIMARY SHARES CALCULATION
Reconciliation of weighted average number
of shares outstanding to amount used in
primary earnings per share computation:
Weighted average number of shares outstanding 830 825 823
Add-shares issuable from assumed exercise
of options and warrants 44 59 65
------ ----- ------
Weighted average number of shares outstanding
as adjusted 874 884 888
====== ====== ======
Reconciliation of weighted average number
of shares outstanding to amount used in
fully diluted earnings per share computation:
Weighted average number of shares
outstanding 830 825 823
Add-shares issuable from assumed exercise
of options and warrants 44 65 79
------ ----- ------
Weighted average number of shares
outstanding as adjusted 874 890 902
====== ===== ======
NET INCOME $2,288 $3,566 $5,157
====== ====== ======
PRIMARY EARNINGS PER SHARE $ 2.62 $ 4.03 $ 5.81
====== ====== ======
FULLY DILUTED EARNINGS PER SHARE(1) $ 2.62 $ 4.01 $ 5.72
====== ====== ======