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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, | ||||||||
2005 | 2004 | |||||||
BASIC | ||||||||
Net income | $ | 736.6 | $ | 400.4 | ||||
Average number of common shares outstanding | 1,086.6 | 1,080.3 | ||||||
Contingently issuable shares | .3 | — | ||||||
Adjusted average shares | 1,086.9 | 1,080.3 | ||||||
Basic earnings per share | $ | .68 | $ | .37 | ||||
DILUTED | ||||||||
Net income | $ | 736.6 | $ | 400.4 | ||||
Average number of common shares outstanding | 1,086.6 | 1,080.3 | ||||||
Incremental shares – stock options and contingently issuable shares | 2.6 | 6.7 | ||||||
Adjusted average shares | 1,089.2 | 1,087.0 | ||||||
Diluted earnings per share | $ | .68 | $ | .37 | ||||
Dollars and shares in millions except per-share data.