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| B. NOTES TO THE CONSOLIDATED STATEMENTS OF INCOME |
13. Earnings Per Share
Convertible bonds and stock options granted to employees under SAP’s stock-based compensation programs are included in the diluted earnings per share calculations to the extent they have a dilutive effect. The dilutive impact is calculated using the treasury stock method. The conversion feature of the convertible bonds has been “out of the money” for all periods presented. As such, because their effect would have been antidilutive, all outstanding convertible bonds have been excluded from the computation of earnings per share for all periods presented. The number of outstanding stock options and convertible bonds is presented in Note 24.
 |
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(in thousands
except per share data) |
|
2003 |
|
2002 |
|
2001 |
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|
Net income before
extraordinary gain |
|
€ 1,077,063 |
|
€ 502,838 |
|
€ 581,136 |
|
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|
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|
|
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|
Extraordinary gain, net of tax |
|
€ 0 |
|
€ 5,776 |
|
€ 0 |
|
|
|
 |
|
|
|
|
|
|
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|
Net income |
|
€ 1,077,063 |
|
€ 508,614 |
|
€ 581,136 |
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Weighted average shares – basic |
|
310,781 |
|
313,016 |
|
314,309 |
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Stock options |
|
628 |
|
964 |
|
103 |
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Weighted average shares – diluted |
|
311,409 |
|
313,980 |
|
314,412 |
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Earnings per share – basic |
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Net income before
extraordinary gain |
|
€ 3.47 |
|
€ 1.60 |
|
€ 1.85 |
|
|
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|
|
|
|
|
|
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|
Extraordinary gain, net of tax |
|
€ 0.00 |
|
€ 0.02 |
|
€ 0.00 |
|
|
|
|
|
|
|
|
|
|
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|
Net income |
|
€ 3.47 |
|
€ 1.62 |
|
€ 1.85 |
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Earnings per share – diluted |
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|
|
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|
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|
|
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|
Net income before
extraordinary gain |
|
€ 3.46 |
|
€ 1.60 |
|
€ 1.85 |
|
|
|
|
|
|
|
|
|
|
|
|
Extraordinary gain, net of tax |
|
€ 0.00 |
|
€ 0.02 |
|
€ 0.00 |
|
|
|
|
|
|
|
|
|
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|
Net income |
|
€ 3.46 |
|
€ 1.62 |
|
€ 1.85 |
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