13 Basic and diluted net income (loss) after preferred dividends per
common share
00 Ahold ANNUAL REPORT 2002 139
BOARD GOVERNANCE HIGHLIGHTS OPERATING REVIEW FINANCIAL INVESTOR REL AT IONS
Net income (loss) after preferred dividends per common share - basic is calculated as net income (loss) after preferred
dividends, divided by the weighted average number of common shares outstanding during each period. Net income (loss)
per common share - diluted is calculated as net income (loss) after preferred dividends, adjusted for interest expense (if
not anti-dilutive) related to the Company's outstanding convertible subordinated notes, divided by the weighted average
number of common shares outstanding, including the number of common shares that would have been issued upon
conversion of the convertible subordinated notes (if not anti-dilutive) and the exercise of stock option rights outstanding (if
not anti-dilutive). The outstanding stock option rights and the 3% convertible subordinated notes issued in 1998 are not
included in the calculation for fiscal 2002, since they are anti-dilutive. The 4% convertible subordinated notes issued in
2000 are not included in the calculation for fiscal 2002 and fiscal 2001, since they were anti-dilutive.
The computational components of basic and diluted net income (loss) after preferred dividends per common share are as
follows:
Fiscal 2002 Fiscal 2001 Fiscal 2000
Net income (loss)
(1,208)
750
920
Dividends on cumulative preferred financing shares:
(38)
(38)
(17)
Net income (loss) after preferred dividends
(1,246)
712
903
Effect of dilutive securities:
Conversion of convertible subordinated notes
19
42
(1,246)
731
945
Fiscal 2002
Fiscal 2001
Fiscal 2000
Weighted average number of common shares outstanding (x 1,000) - basic
926,546
857,509
737,403
Effects of dilutive securities:
Conversion of convertible subordinated notes
25,669
54,972
Exercise of stock option rights outstanding
4,213
4,746
Weighted average number of common shares outstanding (x 1,000) - diluted
926,546
887,391
797,121
Net income (loss) after preferred dividends per common share -
basic is comprised of the following:
Fiscal 2002
Fiscal 2001
Fiscal 2000
Net income (loss)
(1.30)
0.88
1.25
Dividends on cumulative preferred financing shares
(0.04)
(0.05)
(0.03)
Net income (loss) after preferred dividends per common share - basic
(1.34)
0.83
1.22
Net income (loss) after preferred dividends per common share -
diluted is comprised of the following:
Fiscal 2002
Fiscal 2001
Fiscal 2000
Net income (loss)
(1.30)
0.84
1.16
Interest expense - convertible subordinated notes
0.02
0.05
Dividends on cumulative preferred financing shares
(0.04)
(0.04)
(0.02)
Net income (loss) after preferred dividends per common share - diluted
(1.34)
0.82
1.19
