HEALTHTRUST, INC. - THE HOSPITAL COMPANY Exhibit 11 - STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE Three Months Ended November 30, 1993 and 1992 (Dollars in thousands, except per share data) ------------------------------- Three Months Ended November 30 1993 1992 ------------------------------- Primary: Average shares outstanding 81,097,606 81,307,214 Net effect of dilutive warrants 2,610,014 1,808,725 Net effect of dilutive stock options 718,567 17,055 Total weighted average shares 84,426,187 83,132,994 Net income $ 38,852 $ 33,322 Net income per share $ 0.46 $ 0.40 Fully Diluted: Average shares outstanding 81,097,606 81,307,214 Net effect of dilutive warrants 2,633,083 2,067,761 Net effect of dilutive stock options 764,757 268,097 Total weighted average shares 84,495,446 83,643,072 Net income $ 38,852 $ 33,322 Net income per share $ 0.46 $ 0.40