EXHIBIT 11.2
UNISYS CORPORATION
STATEMENT OF COMPUTATION OF EARNINGS PER SHARE
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 1998 AND 1997
(UNAUDITED)
(Millions, except share data)
1998 1997
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Basic Earnings Per Common Share
Net income $ 95.6 $ 50.9
Less dividends on preferred shares ( 26.6) ( 26.6)
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Net income available to common stockholders $ 69.0 $ 24.3
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Weighted average shares 253,321,980 173,131,975
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Basic earnings per share $ .27 $ .14
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Diluted Earnings Per Common Share
Net income available to common stockholders $ 69.0 $ 24.3
Plus impact of assumed conversions
Interest expense on 8 1/4% Convertible Notes
due 2006, net of tax .4 4.1
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Net income available to common
stockholders plus assumed conversions $ 69.4 $ 28.4
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Weighted average shares 253,321,980 173,131,975
Plus incremental shares from assumed
conversions
Employee stock plans 11,538,799 5,260,148
8 1/4% Convertible Notes due 2006 3,975,247 43,490,909
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Adjusted weighted average shares 268,836,026 221,883,032
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Diluted earnings per share $ .26 $ .13
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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.
8 1/4% convertible notes due 2000 33,694,440
Series A preferred stock 47,448,144 47,453,877