Exhibit 11
COLUMBIA/HCA HEALTHCARE CORPORATION
COMPUTATION OF EARNINGS PER COMMON AND COMMON EQUIVALENT SHARE
For the quarters ended March 31, 1994 and 1993
(Dollars in millions, except per share amounts)
1994 1993
Primary Earnings per Common and Common Equivalent Share:
Earnings:
Income from continuing operations ............................... $ 137 $ 205
Income from operations of discontinued health plan segment,
net of income taxes ......................................... - 16
Extraordinary loss on extinguishment of debt, net of income
tax benefit ................................................. (92) -
Net income .................................................. $ 45 $ 221
Shares used in the computation (000):
Weighted average common shares outstanding ...................... 337,222 332,142
Dilutive effect of common stock equivalents ..................... 4,399 5,597
Shares used in earnings per common and common equivalent
share computation ................................... 341,621 337,739
Primary earnings per common and common equivalent share:
Income from continuing operations ............................... $ .40 $ .61
Income from operations of discontinued health plan segment ...... - .04
Extraordinary loss on extinguishment of debt .................... (.27) -
Net income .................................................. $ .13 $ .65
Exhibit 11
COLUMBIA/HCA HEALTHCARE CORPORATION
COMPUTATION OF EARNINGS PER COMMON AND COMMON EQUIVALENT SHARE
For the quarters ended March 31, 1994 and 1993
(Dollars in millions, except per share amounts)
1994 1993
Fully Diluted Earnings per Common and Common Equivalent Share:
Earnings:
Income from continuing operations ............................... $ 137 $ 205
Interest addback on convertible securities, net of income
taxes ......................................................... - 1
Income applicable to common stock ........................... 137 206
Income from operations of discontinued health plan segment,
net of income taxes ........................................... - 16
Extraordinary loss on extinguishment of debt, net of income
tax benefit ................................................... (92) -
Net income .................................................. $ 45 $ 222
Shares used in the computation (000):
Weighted average common shares outstanding ...................... 337,222 332,142
Dilutive effect of common stock equivalents and other
dilutive securities ........................................... 4,399 7,874
Shares used in earnings per common and common equivalent
share computations ........................................ 341,621 340,016
Fully diluted earnings per common and common equivalent share:
Income from continuing operations ............................... $ .40 $ .60
Income from operations of discontinued health plan segment ...... - .04
Extraordinary loss on extinguishment of debt .................... (.27) -
Net income .................................................. $ .13 $ .64
Exhibit 12