Exhibit 11.1
THE HOME DEPOT, INC. AND SUBSIDIARIES
COMPUTATION OF BASIC AND DILUTED
EARNINGS PER SHARE
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(In Millions, Except Per Share Data) |
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Three Months Ended |
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Six Months Ended |
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August 4, |
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July 29, |
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August 4, |
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July 29, |
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BASIC |
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Net Earnings Available to Common Shareholders |
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$ |
1,182 |
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$ |
924 |
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$ |
2,038 |
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$ |
1,556 |
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Weighted Average Number of Common Shares Outstanding |
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2,354 |
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2,334 |
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2,352 |
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2,330 |
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Basic Earnings Per Share |
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$ |
0.50 |
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$ |
0.40 |
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$ |
0.87 |
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$ |
0.67 |
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DILUTED |
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Net Earnings Available to Common Shareholders |
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$ |
1,182 |
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$ |
924 |
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$ |
2,038 |
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$ |
1,556 |
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Weighted Average Number of Common Shares Outstanding |
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2,354 |
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2,334 |
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2,352 |
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2,330 |
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Effect of Potentially Dilutive Securities: Employee Stock Plans |
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9 |
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21 |
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12 |
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21 |
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Weighted Average Number of Common Shares Outstanding Assuming Dilution |
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2,363 |
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2,355 |
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2,364 |
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2,351 |
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Diluted Earnings Per Share |
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$ |
0.50 |
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$ |
0.39 |
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$ |
0.86 |
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$ |
0.66 |
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Employee stock plans represent options and shares granted under the Company's employee stock purchase, stock option and deferred compensation stock plans. Options to purchase 56.3 million and 10.5 million shares of common stock at August 4, 2002 and July 29, 2001, respectively, were excluded from the computation of diluted earnings per share because their effect would have been anti-dilutive.