EXHIBIT 11
CATERPILLAR INC.
AND ITS SUBSIDIARIES
COMPUTATIONS OF EARNINGS PER SHARE
FOR THE YEARS ENDED DECEMBER 31,
(Dollars in millions except per share data)
|
|
|
2010 |
|
2009 |
|
2008 |
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|
Profit for the period (A):(1) |
|
$ |
2,700 |
|
$ |
895 |
|
$ |
3,557 |
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Determination of shares (in millions): |
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|
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Weighted average number of common shares outstanding (B) |
|
631.5 |
|
615.2 |
|
610.5 |
| |||
|
Shares issuable on exercise of stock awards, net of shares assumed to be purchased out of proceeds at average market price |
|
18.9 |
|
10.8 |
|
17.4 |
| |||
|
Average common shares outstanding for fully diluted computation (C) |
|
650.4 |
|
626.0 |
|
627.9 |
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Profit per share of common stock: |
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|
|
|
|
|
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Assuming no dilution (A/B) |
|
$ |
4.28 |
|
$ |
1.45 |
|
$ |
5.83 |
|
|
Assuming full dilution (A/C) |
|
$ |
4.15 |
|
$ |
1.43 |
|
$ |
5.66 |
|
|
|
|
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|
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Shares outstanding as of December 31 (in millions) |
|
638.8 |
|
624.7 |
|
601.5 |
| |||
(1)Profit attributable to common stockholders.