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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, | ||||||||
2009 | 2008 | |||||||
BASIC | ||||||||
Net income | $ | 1,313.1 | $ | 1,064.3 | ||||
Average number of common shares outstanding | 1,094.2 | 1,091.5 | ||||||
Contingently issuable shares | 3.0 | 2.4 | ||||||
Adjusted average shares | 1,097.2 | 1,093.9 | ||||||
Basic earnings per share | $ | 1.20 | $ | .97 | ||||
DILUTED | ||||||||
Net income | $ | 1,313.1 | $ | 1,064.3 | ||||
Average number of common shares outstanding | 1,094.2 | 1,091.5 | ||||||
Incremental shares — stock options and contingently issuable shares | 3.1 | 2.6 | ||||||
Adjusted average shares | 1,097.3 | 1,094.1 | ||||||
Diluted earnings per share | $ | 1.20 | $ | .97 | ||||
Dollars and shares in millions except per-share data.