EXHIBIT 11
THE SOUTHLAND CORPORATION AND SUBSIDIARIES
STATEMENT RE COMPUTATION OF PER-SHARE EARNINGS
(IN THOUSANDS, EXCEPT PER-SHARE DATA)
CALCULATION OF EARNINGS (LOSS) PER COMMON SHARE
Three Months
Ended March 31,
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1994 1993
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Loss before cumulative effect of accounting change................. $ (8,131) $ (15,882)
Cumulative effect of accounting change............................. - (16,537)
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Net loss for earnings (loss) per-share calculation................. $ (8,131) $ (32,419)
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Average number of common shares outstanding........................ 409,923 409,992
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Loss per common share (Primary and Fully Diluted):
Before cumulative effect of accounting change................... $(.02) $(.04)
Cumulative effect of accounting change.......................... - (.04)
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Net loss........................................................ $(.02) $(.08)
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Tab 1