Jon Bird - **Off topic financial question**
Thanks for the lesson. Next Question.
You chose shares outstanding as:
APM Shares Outstanding = 23,976,711 (says so in the OE section of the ballance sheet)
I found that, but how does that relate to primary and fully diluted shares?
I just don't get the concept:
Primary shares = 24,780
Diluted shares = 31,011 (all #s in thousands)
"OE" shares = 23,977
You said use:
Shares Outstanding = the number of shares currently in the market.
Question #1 - Are there 23,977 shares in the market?
And as long as I'm on the subject of shares. They reported Net Income
as $96,116mil for the FY97. And then:
EPS(primary) = $3.88
EPS(diluted) = $3.37
I can work out primary EPS, but not Fully diluted EPS.
(They use primary shares to calc, EPS(primary), not
your OE shares. Why would that be?
Is EPS(diluted) not = Net Income/Diluted # of shares?
It must not be because $96,166/31,011 = $3.09EPS
Where did I miss?
I guess the real question #2 is what is this mythical "fully diluted shares"
and how is is calc'd? vs primary vs OE
I promise, that'll be it. Well.. Err. Maybe.
todd
(the finance moron)
BTW, do you ever sleep? |
