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EXHIBIT 11. STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
(Unaudited)
ELI LILLY AND COMPANY AND SUBSIDIARIES
Three Months Ended | ||||||||
March 31, | ||||||||
2004 | 2003 | |||||||
BASIC | ||||||||
Net income | $ | 400.4 | $ | 407.0 | ||||
Average number of common shares outstanding | 1,080.3 | 1,076.1 | ||||||
Contingently issuable shares | — | — | ||||||
Adjusted average shares | 1,080.3 | 1,076.1 | ||||||
Basic earnings per share | $ | .37 | $ | .38 | ||||
DILUTED | ||||||||
Net income | $ | 400.4 | $ | 407.0 | ||||
Average number of common shares outstanding | 1,080.3 | 1,076.1 | ||||||
Incremental shares — stock options and contingently issuable shares | 6.7 | 7.1 | ||||||
Adjusted average shares | 1,087.0 | 1,083.2 | ||||||
Diluted earnings per share | $ | .37 | $ | .38 | ||||
Dollars and shares in millions except per-share data.