HEALTHTRUST, INC. - THE HOSPITAL COMPANY Exhibit 11 - STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE Three Months Ended November 30, 1994 and 1993 (Dollars in thousands, except per share data) Three Months Ended November 30 1994 1993 Primary: Weighted average shares outstanding 90,671,526 81,097,606 Net effect of dilutive warrants 695,092 2,610,014 Net effect of dilutive stock options 1,266,948 718,567 Total shares and share equivalents 92,633,566 84,426,187 Net income $ 49,929 $ 38,852 Net income per share $ 0.54 $ 0.46 Fully Diluted: Weighted average shares outstanding 90,671,526 81,097,606 Net effect of dilutive warrants 695,092 2,633,083 Net effect of dilutive stock options 1,266,948 764,757 Total shares and share equivalents 92,633,566 84,495,446 Net income $ 49,929 $ 38,852 Net income per share $ 0.54 $ 0.46