AFFILIATED COMPUTER SERVICES, INC. AND SUBSIDIARIES 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) 
The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share 
amounts): 
   
Year ended June 30, 
 2003 
2002 
2001 
Numerator:  
      Numerator for earnings per share (basic)   
            income available to common stockholders 
$     306,842 
$   229,596   
$   134,292   
      Effect of dilutive securities: 
   
            Interest on convertible debt (net of tax) 
8,218 
12,610   
9,036 
Numerator for earnings per share assuming dilution       
       income available to common stockholders 
$    315,060 
$   242,206     
$   143,328  
   
Denominator:  
      Weighted average shares outstanding  (basic) 
132,445 
118,646   
99,758 
      Effect of dilutive securities: 
   
           Convertible debt 
7,298 
14,851   
13,354 
           Stock options 
3,687 
3,967   
3,344 
           Total potential common shares 
10,985 
18,818   
16,698 
Denominator for earnings per share assuming dilution 
143,430 
137,464   
116,456 
Earnings per share (basic) 
$         2.32 
$         1.94      $          1.35   
Earnings per share assuming dilution 
$         2.20 
$         1.76      $          1.23   
Options to purchase approximately 159,000 shares of common stock were outstanding during fiscal year 2003 but were not 
included in the computation of diluted earnings per share because the options  exercise price was greater than the average 
market price during the period.  There were no antidilutive shares in fiscal years 2002 or 2001. 
12. Financial Instruments 
As of June 30, 2003 and 2002, the fair values of our revolving credit balances and other variable rate debt instruments 
approximated the related carrying values. As of June 30, 2003 and 2002, we estimated the fair value of our 3.5% Notes at 
approximately $373 million and $406 million, respectively based on the trading price on that day. 
We had no derivative financial instruments as of June 30, 2003 or 2002.  However, during fiscal year 2002, we held derivative 
instruments in order to manage certain risks.  We held two interest rate hedges, designated as cash flow hedges, which were 
initiated in December 1998. Each hedge was structured such that we paid a fixed rate of interest of 4.54% on our $450 million then 
existing revolving credit facility, and received a floating rate of interest based on one month LIBOR. The notional amount of the 
two hedges totaled $100 million and expired in December 2001. We entered into a no cost collar agreement in June 2001 to 
manage the risks related to a marketable security investment.  The collar, a fair value hedge, was structured so that all fluctuations 
in the price of the marketable security above or below 100% or 102.5% of its value on the date the collar was entered into were 
hedged. The collar was settled and the investment sold in June 2002.  
13.  Related Party Transactions  
As of June 30, 2002, we held a minority preferred stock interest in DDH Aviation, Inc., a corporate airplane brokerage 
company organized in 1997 ("DDH").  Our Chairman owns a majority voting interest in DDH and our President and General 
Counsel, along with our Chairman were directors of DDH.  At June 30, 2002, DDH had a $48 million line of credit with 
Citicorp USA, Inc., for which we and our Chairman, in exchange for warrants to acquire additional voting stock, acted as 
partial guarantors.  In addition, we obtained access to corporate aircraft at favorable rates in consideration of our guaranty.  We 
had guaranteed up to approximately $11.5 million of the line of credit and our Chairman guaranteed up to approximately $17.5 
million of the line of credit. 
In July 2002, our Chairman assumed in full our guaranty obligations to Citicorp and our guaranty to Citicorp was released in 
full.   Our minority preferred stock interest and warrants (with a recorded value of $100,000 at June 30, 2002) in DDH were 
cancelled.  We have no further ownership interest in DDH.  Our officers, other than the Chairman, are no longer directors of  
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