EXHIBIT 11.1
THE GOLDMAN SACHS GROUP, INC. and SUBSIDIARIES
COMPUTATION OF PER SHARE EARNINGS
(in millions, except share and per share amounts)
Three Months Ended August | Nine Months Ended August | ||||||||||||||||
2000 | 1999 | 2000 | 1999 | ||||||||||||||
Numerator for basic and diluted EPS — earnings available to common stockholders | $ | 824 | $ | 638 | $ | 2,466 | $ | 1,985 | |||||||||
Denominator for basic EPS — weighted average number of common shares(1) | 481,252,647 | 474,694,245 | 483,403,066 | 474,698,130 | |||||||||||||
Effect of dilutive securities | |||||||||||||||||
Restricted stock units | 17,101,019 | 4,987,721 | 14,775,882 | 4,508,530 | |||||||||||||
Stock options | 10,540,979 | 4,210,711 | 10,002,524 | 3,939,451 | |||||||||||||
Dilutive potential common shares | 27,641,998 | 9,198,432 | 24,778,406 | 8,447,981 | |||||||||||||
Denominator for diluted EPS — weighted average number of common shares and dilutive potential common shares | 508,894,645 | 483,892,677 | 508,181,472 | 483,146,111 | |||||||||||||
Basic EPS | $ | 1.71 | $ | 1.34 | $ | 5.10 | $ | 4.18 | |||||||||
Diluted EPS | 1.62 | 1.32 | 4.85 | 4.11 |
(1) | Includes common stock and nonvoting common stock as well as restricted stock units awarded to employees for which no future service is required as a condition to the delivery of the underlying shares of common stock. |