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UNISYS CORPORATION
STATEMENT OF COMPUTATION OF EARNINGS PER SHARE
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1994 and 1993 (UNAUDITED)
(Millions, except share data)
1994 1993
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Primary Earnings Per Common Share
Average Number of Outstanding Common Shares 170,689,839 162,483,624
Additional Shares Assuming Exercise of Stock Options 1,769,947 2,466,514
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Average Number of Outstanding Common Shares and
Common Share Equivalents 172,459,786 164,950,138
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Income Before Extraordinary Items and Changes
in Accounting Principles $160.5 $243.9
Dividends on Series A, B and C Preferred Stock (90.1) (91.3)
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Primary Earnings on Common Shares Before Extraordinary
Items and Changes in Accounting Principles 70.4 152.6
Extraordinary Items (7.7) (26.4)
Effect of Changes in Accounting Principles 230.2
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Primary Earnings on Common Shares $ 62.7 $356.4
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Primary Earnings Per Common Share
Before Extraordinary Items and Changes
in Accounting Principles $ .40 $ .93
Extraordinary Items (.04) (.16)
Effect of Changes in Accounting Principles 1.39
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Total $ .36 $2.16
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Fully Diluted Earnings Per Common Share
Average Number of Outstanding Common
Shares and Common Share Equivalents 172,459,786 164,950,138
Additional Shares:
Assuming Conversion of:
Series A Preferred Stock 47,629,265
8 1/4% Convertible Notes 33,698,698 33,699,634
Attributable to Stock Options 148,368 187,205
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Common Shares Outstanding Assuming Full Dilution 206,306,852 246,466,242
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Primary Earnings on Common Shares Before Extraordinary
Items and Changes in Accounting Principles $ 70.4 $152.6
Exclude Dividends on Series A Preferred Stock 80.2
Interest Expense on 8 1/4% Convertible Notes,
Net of Applicable Tax 13.3 13.3
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Fully Diluted Earnings on Common Shares Before
Extraordinary Items and Changes in Accounting Principles 83.7 246.1
Extraordinary Items (7.7) (26.4)
Effect of Changes in Accounting Principles 230.2
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Fully Diluted Earnings on Common Shares $ 76.0 $449.9
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Fully Diluted Earnings Per Common Share
Before Extraordinary Items and Changes
in Accounting Principles $ .41 $1.00
Extraordinary Items (.04) (.11)
Effect of Changes in Accounting Principles .94
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Total $ .37 $1.83
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Page 2 of 2
UNISYS CORPORATION
STATEMENT OF COMPUTATION OF EARNINGS PER SHARE
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1994 and 1993 (UNAUDITED)
(Millions, except share data)
1994 1993
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Fully Diluted Earnings Per Common Share as Reported
Before Extraordinary Items and Changes in
Accounting Principles $ .40 $1.00
Extraordinary Items (.04) (.11)
Effect of Changes in Accounting Principles .94
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Total $ .36 $1.83
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