EXHIBIT 11. STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
ON PRIMARY AND FULLY DILUTED BASES
(Unaudited)
Eli Lilly and Company and Subsidiaries
Three Months Six Months
Ended June 30, Ended June 30,
1995 1994 1995 1994
---------------------------------
(Dollars in millions except
per-share data)
(Shares in thousands)
PRIMARY:
Net income $327.1 $346.6 $720.3 $ 677.3
Average number of common
shares outstanding 289,284 289,259 289,173 289,336
Add incremental shares:
Stock plans and
contingent payments 3,901 2,352 3,739 2,030
----- ----- ----- -----
Adjusted average shares 293,185 291,611 292,912 291,366
======= ======= ======= =======
Primary earnings per share $1.12 $1.19 $2.46 $2.32
FULLY DILUTED:
Net income $327.1 $346.8 $720.3 $677.3
Average number of common shares
outstanding 289,284 289,259 289,173 289,336
Add incremental shares:
Stock plans and contingent
payments 4,385 2,840 4,922 2,593
----- ----- ----- -----
Adjusted average shares 293,669 292,099 294,095 291,929
======= ======= ======= =======
Fully diluted earnings
per share $1.11 $1.19 $2.45 $2.32