Morgan Stanley Dean Witter & Co. Computation of Earnings Per Share (In millions, except share data)
Three Months Ended ------------------------------------------------ February 28, 1998 February 28, 1997 -------------------- --------------------- Basic EPS: Net income $ 691 $ 571 Less: preferred stock dividend requirements (15) (19) -------------------- --------------------- Net income available to common shareholders $ 676 $ 552 ==================== ===================== Weighted-average common shares outstanding 586,751,340 573,410,658 ==================== ===================== Basic EPS $ 1.15 $ 0.96 ==================== =====================
Diluted EPS Net income $ 691 $ 571 Less: preferred stock dividend requirements after assumed conversion of ESOP preferred stock (13) (18) -------------------- --------------------- Net income available to common shareholders $ 678 $ 553 ==================== =====================
Weighted-average common shares outstanding 586,751,340 573,410,658 Effect of dilutive securities: Stock options 17,607,461 20,084,781 ESOP convertible preferred stock 12,018,761 12,195,627 -------------------- --------------------- Weighted-average common shares outstanding and common stock equivalents 616,377,562 605,691,066 ==================== ===================== Diluted EPS $ 1.10 $ 0.91 ==================== =====================