1
UGI CORPORATION AND SUBSIDIARIES Exhibit (11)
(Page 1 of 2)
COMPUTATION OF EARNINGS PER SHARE
(Millions, Except Per Share Amounts)
Three Months Ended Six Months Ended Twelve Months Ended
March 31, March 31, March 31,
1996 1995 1996 1995 1996 1995
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Primary earnings per share:
Actual average common shares outstanding 33.0 32.6 33.0 32.6 32.9 32.5
Incremental shares issuable upon
exercise of stock options outstanding 0.1 - 0.1 - 0.1 -
------ ------ ------ ------ ------ ------
Total average common and common
equivalent shares outstanding 33.1 32.6 33.1 32.6 33.0 32.5
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Earnings applicable to common
and common equivalent shares:
Earnings before extraordinary loss
and change in accounting $ 37.6 $ 27.0 $ 55.8 $ 38.0 $ 25.7 $ 28.5
Extraordinary loss-propane debt restructuring - - - - (13.2) -
Change in accounting for
postemployment benefits - - - (3.1) - (3.1)
------ ------ ------ ------ ------ ------
Net earnings $ 37.6 $ 27.0 $ 55.8 $ 34.9 $ 12.5 $ 25.4
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Primary earnings per common
and common equivalent share:
Earnings before extraordinary loss
and change in accounting $ 1.13 $ .83 $ 1.69 $ 1.17 $ .78 $ .88
Extraordinary loss-propane debt restructuring - - - - (.40) -
Change in accounting for
postemployment benefits - - - (.10) - (.10)
------ ------ ------ ------ ------ ------
Net earnings $ 1.13 $ .83 $ 1.69 $ 1.07 $ .38 $ .78
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2
UGI CORPORATION AND SUBSIDIARIES Exhibit (11)
(Page 2 of 2)
COMPUTATION OF EARNINGS PER SHARE
(Millions, Except Per Share Amounts)
Three Months Ended Six Months Ended Twelve Months Ended
March 31, March 31, March 31,
1996 1995 1996 1995 1996 1995
------ ------ ------ ------ ------ ------
Fully diluted earnings per share:
Actual average common shares outstanding 33.0 32.6 33.0 32.6 32.9 32.5
Incremental shares issuable upon
exercise of stock options outstanding 0.1 - 0.1 - 0.1 -
------ ------ ------ ------ ------ ------
Total shares for fully diluted computation 33.1 32.6 33.1 32.6 33.0 32.5
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Earnings applicable to common stock:
Earnings before extraordinary loss
and change in accounting $ 37.6 $ 27.0 $ 55.8 $ 38.0 $ 25.7 $ 28.5
Extraordinary loss-propane debt restructuring - - - - (13.2) -
Change in accounting for
postemployment benefits - - - (3.1) - (3.1)
------ ------ ------ ------ ------ ------
Net earnings $ 37.6 $ 27.0 $ 55.8 $ 34.9 $ 12.5 $ 25.4
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Fully diluted earnings per common share:
Earnings before extraordinary loss
and change in accounting $ 1.13 $ .83 $ 1.69 $ 1.17 $ .78 $ .88
Extraordinary loss-propane debt restructuring - - - - (.40) -
Change in accounting for
postemployment benefits - - - (.10) - (.10)
------ ------ ------ ------ ------ ------
Net earnings $ 1.13 $ .83 $ 1.69 $ 1.07 $ .38 $ .78
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