EXHIBIT 11. Statement Re: Computation of Earnings Per Share
(Unaudited)
ELI LILLYAND COMPANYAND SUBSIDIARIES
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
| 2011 | 2010 | 2011 | 2010 | |||||||||||||
BASIC | ||||||||||||||||
Net income | $ | 1,197.3 | $ | 1,348.9 | $ | 2,253.2 | $ | 2,597.0 | ||||||||
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Average number of common shares outstanding | 1,107.1 | 1,099.2 | 1,106.8 | 1,098.8 | ||||||||||||
Contingently issuable shares | 6.8 | 4.6 | 6.2 | 5.0 | ||||||||||||
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Adjusted average shares | 1,113.9 | 1,103.8 | 1,113.0 | 1,103.8 | ||||||||||||
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Basic earnings per share | $ | 1.07 | $ | 1.22 | $ | 2.02 | $ | 2.35 | ||||||||
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DILUTED | ||||||||||||||||
Net income | $ | 1,197.3 | $ | 1,348.9 | $ | 2,253.2 | $ | 2,597.0 | ||||||||
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Average number of common shares outstanding | 1,107.1 | 1,099.2 | 1,106.8 | 1,098.8 | ||||||||||||
Incremental shares – stock options and contingently issuable shares | 6.9 | 4.6 | 6.2 | 5.0 | ||||||||||||
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Adjusted average shares | 1,114.0 | 1,103.8 | 1,113.0 | 1,103.8 | ||||||||||||
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Diluted earnings per share | $ | 1.07 | $ | 1.22 | $ | 2.02 | $ | 2.35 | ||||||||
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Dollars and shares in millions except per-share data.