Eli Lilly and (LLY) 10-Q 2013 Q2 Quarterly report

EXHIBIT 11. Statement Re: Computation of Earnings Per Share

(Unaudited)

ELI LILLY AND COMPANY AND SUBSIDIARIES

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
	(Dollars and shares in millions, except per-share data)
BASIC
Net income	$	1,206.2	$	923.6	$	2,754.2	$	1,934.7
Average number of common shares outstanding	1,076.6		1,110.4		1,080.3		1,110.2
Contingently issuable shares	3.6		8.3		3.8		7.6
Adjusted average shares	1,080.2		1,118.7		1,084.1		1,117.8
Basic earnings per share	$	1.12	$	0.83	$	2.54	$	1.73
DILUTED
Net income	$	1,206.2	$	923.6	$	2,754.2	$	1,934.7
Average number of common shares outstanding	1,076.6		1,110.4		1,080.3		1,110.2
Incremental shares – stock options and contingently issuable shares	7.4		8.3		7.6		7.6
Adjusted average shares	1,084.0		1,118.7		1,087.9		1,117.8
Diluted earnings per share	$	1.11	$	0.83	$	2.53	$	1.73