EXHIBIT 11. Statement Re: Computation of Earnings Per Share
(Unaudited)
ELI LILLYAND COMPANYAND SUBSIDIARIES
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
2011 | 2010 | 2011 | 2010 | |||||||||||||
BASIC | ||||||||||||||||
Net income | $ | 1,236.3 | $ | 1,302.9 | $ | 3,489.5 | $ | 3,899.9 | ||||||||
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Average number of common shares outstanding | 1,107.3 | 1,099.5 | 1,106.9 | 1,099.0 | ||||||||||||
Contingently issuable shares | 6.5 | 5.7 | 6.4 | 5.3 | ||||||||||||
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Adjusted average shares | 1,113.8 | 1,105.2 | 1,113.3 | 1,104.3 | ||||||||||||
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Basic earnings per share | $ | 1.11 | $ | 1.18 | $ | 3.13 | $ | 3.53 | ||||||||
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DILUTED | ||||||||||||||||
Net income | $ | 1,236.3 | $ | 1,302.9 | $ | 3,489.5 | $ | 3,899.9 | ||||||||
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Average number of common shares outstanding | 1,107.3 | 1,099.5 | 1,106.9 | 1,099.0 | ||||||||||||
Incremental shares – stock options and contingently issuable shares | 6.5 | 5.7 | 6.4 | 5.3 | ||||||||||||
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Adjusted average shares | 1,113.8 | 1,105.2 | 1,113.3 | 1,104.3 | ||||||||||||
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Diluted earnings per share | $ | 1.11 | $ | 1.18 | $ | 3.13 | $ | 3.53 | ||||||||
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Dollars and shares in millions except per-share data.