Exhibit 11
COLUMBIA/HCA HEALTHCARE CORPORATION
COMPUTATION OF EARNINGS PER COMMON AND COMMON EQUIVALENT SHARE
For the quarters ended March 31, 1995 and 1994
(Dollars in millions, except per share amounts)
1995 1994
Primary Earnings per Common and Common Equivalent Share:
Earnings:
Income before extraordinary item ................... $ 292 $ 137
Extraordinary loss on extinguishment of debt,
net of income tax benefit ....................... - (92)
Net income .................................... $ 292 $ 45
Shares used in the computation (000):
Weighted average common shares outstanding ......... 362,169 337,222
Dilutive effect of common stock equivalents ........ 3,337 4,399
Shares used in earnings per common and common
equivalent share computation .................. 365,506 341,621
Primary earnings per common and common equivalent share:
Income before extraordinary item ................... $ .80 $ .40
Extraordinary loss on extinguishment of debt ....... - (.27)
Net income .................................... $ .80 $ .13
36
Exhibit 11
COLUMBIA/HCA HEALTHCARE CORPORATION
COMPUTATION OF EARNINGS PER COMMON AND COMMON EQUIVALENT SHARE
For the quarters ended March 31, 1995 and 1994
(Dollars in millions, except per share amounts)
1995 1994
Fully Diluted Earnings per Common and Common
Equivalent Share:
Earnings:
Income before extraordinary item ......................$ 292 $ 137
Interest addback on convertible securities, net of
income taxes ........................................ 2 -
Income applicable to common stock ..................... 294 137
Extraordinary loss on extinguishment of debt,
net of income tax benefit ........................... - (92)
Net income ......................................$ 294 $ 45
Shares used in the computation (000):
Weighted average common shares outstanding ............362,169 337,222
Dilutive effect of common stock equivalents and
other dilutive securities ........................... 6,056 4,399
Shares used in earnings per common and common
equivalent share computation ..................368,225 341,621
Fully diluted earnings per common and common
equivalent share:
Income before extraordinary item .......................$ .80 $ .40
Extraordinary loss on extinguishment of debt ........... - (.27)
Net income ......................................$ .80 $ .13
37
Exhibit 11.1
COLUMBIA/HCA HEALTHCARE CORPORATION
SUPPLEMENTAL COMPUTATION OF EARNINGS PER COMMON AND
COMMON EQUIVALENT SHARE
For the quarters ended March 31, 1995 and 1994
(Dollars in millions, except per share amounts)
1995 1994
Primary Earnings per Common and Common Equivalent Share:
Earnings:
Income before extraordinary item ....................... $ 358 $ 187
Extraordinary loss on extinguishment of debt,
net of income tax benefit ............................ - (92)
Net income .......................................... $ 358 $ 95
Shares used in the computation (000):
Columbia/HCA (prior to Healthtrust Merger):
Weighted average common shares outstanding ......... 362,169 337,222
Dilutive effect of common stock equivalents ........ 3,337 4,399
Columbia/HCA common and common equivalent shares ... 365,506 341,621
Healthtrust:
Weighted average common shares outstanding ......... 91,271 81,206
Dilutive effect of common stock equivalents ........ 1,842 3,858
Healthtrust common and common equivalent shares .... 93,113 85,064
Merger exchange ratio .............................. 0.88 0.88
Adjusted Healthtrust common and common equivalent
shares ........................................... 81,940 74,856
Shares used in earnings per common and common
equivalent share computations ............. 447,446 416,477
Primary earnings per common and common equivalent share:
Income before extraordinary item ..................... $ .80 $ .45
Extraordinary loss on extinguishment of debt ......... - (.22)
Net income ..................................... $ .80 .23
38
Exhibit 11.1
COLUMBIA/HCA HEALTHCARE CORPORATION
SUPPLEMENTAL COMPUTATION OF EARNINGS PER COMMON AND
COMMON EQUIVALENT SHARE
For the quarters ended March 31, 1995 and 1994
(Dollars in millions, except per share amounts)
1995 1994
Fully Diluted Earnings per Common and Common
Equivalent Share:
Earnings:
Income before extraordinary item ....................... $ 358 $ 187
Interest addback on convertible securities, net of
income taxes ........................................ 2 -
Income applicable to common stock ...................... 360 187
Extraordinary loss on extinguishment of debt,
net of income tax benefit ........................... - (92)
Net income ....................................... $ 360 $ 95
Shares used in the computation (000):
Columbia/HCA (prior to Healthtrust Merger):
Weighted average common shares outstanding .......... 362,169 337,222
Dilutive effect of common stock equivalents and
other dilutive securities ..................... 6,056 4,399
Columbia/HCA common and common equivalent shares . 368,225 341,621
Healthtrust:
Weighted average common shares outstanding .......... 91,271 81,206
Dilutive effect of common stock equivalents and
other dilutive securities ....................... 1,960 4,266
Healthtrust common and common equivalent shares ..... 93,231 85,472
Merger exchange ratio ............................... 0.88 0.88
Adjusted Healthtrust common and common equivalent
shares ............................................ 82,044 75,216
Shares used in earnings per common and common
equivalent share computations ............. 450,269 416,837
Fully diluted earnings per common and common equivalent
share:
Income before extraordinary item ....................... $ .80 $ .45
Extraordinary loss on extinguishment of debt ........... - (.22)
Net income ....................................... $ .80 $ .23
39