EXHIBIT 11
UNISYS CORPORATION
STATEMENT OF COMPUTATION OF EARNINGS PER SHARE
FOR THE THREE MONTHS ENDED MARCH 31, 2000 AND 1999
(UNAUDITED)
(Millions, except share data)
2000 1999
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Basic Earnings Per Common Share
Net income $ 106.5 $ 109.9
Less dividends on preferred shares ( 22.8)
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Net income available to common stockholders $ 106.5 $ 87.1
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Weighted average shares 311,160,698 262,704,000
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Basic earnings per share $ .34 $ .33
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Diluted Earnings Per Common Share
Net income available to common stockholders $ 106.5 $ 87.1
Plus impact of assumed conversions
Interest expense on 8 1/4% Convertible Notes
due 2006, net of tax .3
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Net income available to common
stockholders plus assumed conversions $ 106.5 $ 87.4
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Weighted average shares 311,160,698 262,704,000
Plus incremental shares from assumed
conversions
Employee stock plans 5,918,972 10,512,582
8 1/4% Convertible Notes due 2006 3,271,418
Preferred stock 1,342,000
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Adjusted weighted average shares 317,079,670 277,830,000
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Diluted earnings per share $ .34 $ .31
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The average shares listed below were not included in the computation of diluted
earnings per share because to do so would have been antidilutive for the periods
presented.
Series A preferred stock 41,865,828