EXHIBIT 6
 PHILIPPINE LONG DISTANCE TELEPHONE COMPANY
Computation of Earnings Per Share
For the years 2006 through 2010
 2010(1)
    
    
    2010
    
    
    2009
    
    
    2008
    
    
    2007
    
    
    2006(in millions, except earnings per common share)Earnings per share for the year attributable to common equity holders of PLDTBasicNet income attributable to equity holders of PLDT
    
    US$
    918
    
    
    
    Php40,217
    
    
    
    Php39,781
    
    
    
    Php34,317
    
    
    
    Php39,289
    
    
    
    Php32,385Add (Deduct): Dividends on preferred shares
    
    
    (10
    )
    
    
    (458
    )
    
    
    (457
    )
    
    
    (455
    )
    
    
    (457
    )
    
    
    (455
    )Consolidted net income attributable to common shareholders
    
    US$
    908
    
    
    
    Php39,759
    
    
    
    Php39,324
    
    
    
    Php33,862
    
    
    
    Php38,832
    
    
    
    Php31,930DilutedNet income attributable to equity holders of PLDT
    
    US$
    918
    
    
    
    Php40,217
    
    
    
    Php39,781
    
    
    
    Php34,317
    
    
    
    Php39,289
    
    
    
    Php32,385Add (Deduct): Dividends on preferred shares
    
    
    (10
    )
    
    
    (458
    )
    
    
    (457
    )
    
    
    (455
    )
    
    
    (457
    )
    
    
    (455
    )Dividends on dilutive preferred stock subject to mandatory redemption
charged to interest expense for the year
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    17
    
    
    
    Accretion to redemption value of preferred stock
subject to mandatory conversion
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    131
    
    
    
    Foreign exchange gains on preferred stock subject to mandatory conversion
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (182
    )
    
    
    Consolidated net income applicable to common shareholders
    
    US$
    908
    
    
    
    Php39,759
    
    
    
    Php39,324
    
    
    
    Php33,862
    
    
    
    Php38,798
    
    
    
    Php31,930BasicWeighted average number of common shares (in thousands)Outstanding common shares at beginning of year
    
    
    
    
    
    
    186,797
    
    
    
    187,484
    
    
    
    188,741
    
    
    
    188,435
    
    
    
    180,789Effect of issuance of common shares during the year
    
    
    
    
    
    
    
    
    
    
    15
    
    
    
    542
    
    
    
    221
    
    
    
    3,667Effect of purchase of treasury stock during the year
    
    
    
    
    
    
    (7
    )
    
    
    (583
    )
    
    
    (1,120
    )
    
    
    
    
    
    
    186,790
    
    
    
    186,916
    
    
    
    188,163
    
    
    
    188,656
    
    
    
    184,456DilutedWeighted average number of common shares (in thousands)Outstanding common shares at beginning of year
    
    
    
    
    
    
    186,797
    
    
    
    187,484
    
    
    
    188,741
    
    
    
    188,435
    
    
    
    180,789Effect of issuance of common shares during the year
    
    
    
    
    
    
    
    
    
    
    15
    
    
    
    542
    
    
    
    221
    
    
    
    3,667Average incremental number of shares under ESOP(2)
    
    
    
    
    
    
    (7
    )
    
    
    21
    
    
    
    13
    
    
    
    38
    
    
    
    98Effect of purchase of treasury stock during the year
    
    
    
    
    
    
    
    
    
    
    (583
    )
    
    
    (1,120
    )
    
    
    
    
    
    
    Common
shares equivalent of preferred shares deemed dilutive: Preferred stock Series VI
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    680
    
    
    
    186,790
    
    
    
    186,937
    
    
    
    188,176
    
    
    
    189,374
    
    
    
    184,554Earnings per share for the yearBasic
    
    
    Php4.86
    
    
    
    Php212.85
    
    
    
    Php210.38
    
    
    
    Php179.96
    
    
    
    Php205.84
    
    
    
    Php173.10Diluted
    
    
    4.86
    
    
    
    212.85
    
    
    
    210.36
    
    
    
    179.95
    
    
    
    204.88
    
    
    
    173.01
 
 (1)
    
    We maintain our accounts in Philippine pesos, the functional and presentation currency
under IFRS. For convenience, the Philippine peso financial information as at and for the year
ended December 31, 2010 has been translated into U.S. dollars at the exchange rate of Php43.81
to US$1.00, the Philippine peso-dollar rate as quoted through the Philippine Dealing System as
at December 31, 2010.(2)
    
    The dilutive effect of the outstanding options is reflected as additional share dilution in
the computation of earnings per common share, see Note 7  Earnings per Common Share to the
accompanying consolidated financial statements in Item 18 for further discussion. 299