1 EXHIBIT 11.1 PIXAR STATEMENT OF COMPUTATION OF NET INCOME PER SHARE (UNAUDITED) Three Months Ended Six Months Ended June 30, June 30, 1996 1995 1996 1995 ------- ------- ------- ------- Weighted average number of shares outstanding: Preferred stock -- 20,000 -- 20,000 Common stock and common equivalent shares 38,350 10,000 38,318 10,000 Number of common shares issued in accordance with Staff Accounting Bulletin No. 83 -- 9,671 -- 9,669 Common stock equivalents 8,652 -- 8,710 -- ------- ------- ------- ------- Total shares used in computing net income per share 47,002 39,671 47,028 39,669 ======= ======= ======= ======= Net income $ 4,790 $ 5,123 $11,069 $ 4,450 ======= ======= ======= ======= Net income per share $ 0.10 $ 0.13 $ 0.24 $ 0.11 ======= ======= ======= ======= -15-