(EXHIBIT 99)
The McGraw-Hill Companies, Inc.
On April 27, 2005, the Registrant’s Board of Directors approved a two-for-one stock split of the Registrant’s Common Stock to be effected in the form of a 100 percent stock dividend to shareholders of record as of May 6, 2005. The Registrant’s shareholders received one additional share for each share in their possession on that date. This did not change the proportionate interest a shareholder maintains in the Registrant. The additional shares were distributed on May 17, 2005.
On a pro forma basis, if the stock split had been completed as of December 31, 2004, 2003 and 2002, income from continuing operations per share, net income per share and weighted average shares outstanding would have been as follows:
| (in thousands, except per share amounts) |
December 31, 2004 |
December 31, 2003 |
December 31, 2002 | ||||||
| Income from continuing operations per share: |
|||||||||
| Basic |
$ | 1.99 | $ | 1.81 | $ | 1.48 | |||
| Diluted |
$ | 1.96 | $ | 1.79 | $ | 1.47 | |||
| Net income per share: |
|||||||||
| Basic |
$ | 1.99 | $ | 1.81 | $ | 1.49 | |||
| Diluted |
$ | 1.96 | $ | 1.79 | $ | 1.48 | |||
| Weighted average shares outstanding: |
|||||||||
| Basic |
379,688 | 380,984 | 385,776 | ||||||
| Diluted |
385,824 | 384,009 | 389,147 | ||||||