Canon 2002 Annual Report Download - page 72

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70
CANON INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
(17) Earnings per Share
A reconciliation of the numerators and denominators of basic
and diluted earnings per share for “Income before cumulative effect of change in accounting principle” computations is as
follows:
Thousands of
Millions of yen U.S. dollars
2002 2001 2000 2002
Income before cumulative effect of change
in accounting principle ¥190,737 163,869 134,088 $ 1,589,475
Effect of dilutive securities:
1% Japanese yen convertible debentures,
due 2002 26 40 45 217
1-2/10% Japanese yen convertible
debentures, due 2005 48 48 50 400
1-3/10% Japanese yen convertible
debentures, due 2008 91 91 91 758
Diluted income before cumulative effect of
change in accounting principle ¥190,902 164,048 134,274 $ 1,590,850
Number of shares
Average common shares outstanding 876,716,443 875,960,380 872,606,481
Effect of dilutive securities:
1% Japanese yen convertible debentures,
due 2002 1,952,315 2,859,462 3,322,850
1-2/10% Japanese yen convertible
debentures, due 2005 3,446,071 3,461,229 3,629,772
1-3/10% Japanese yen convertible
debentures, due 2008 6,624,428 6,646,369 6,687,888
Other ——3,937
Diluted common shares outstanding 888,739,257 888,927,440 886,250,928
Yen U.S. dollars
Earnings per share before cumulative effect of
change in accounting principle:
Basic ¥217.56 187.07 153.66 $ 1.81
Diluted 214.80 184.55 151.51 1.79
The computation of diluted net income per share for the year
ended December 31, 2001 uses the same average common
shares outstanding used for the computation of diluted net
income per share before cumulative effect of accounting change,
and reflects the effect of dilutive securities in diluted net income.