1
UGI CORPORATION AND SUBSIDIARIES Exhibit (11)
COMPUTATION OF EARNINGS PER SHARE (Page 1 of 2)
(Millions, except per share amounts)
Year Ended
September 30,
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1997 1996 1995
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Primary earnings per share:
Actual average common shares outstanding 33.0 33.0 32.7
Incremental shares issuable upon exercise
of stock options outstanding 0.1 0.1 --
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Total average common and common
equivalent shares outstanding 33.1 33.1 32.7
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Earnings applicable to common and common equivalent shares:
Earnings before extraordinary
loss and accounting change $ 52.1 $ 39.5 $ 7.9
Extraordinary loss - debt restructuring -- -- (13.2)
Change in accounting for
postemployment benefits -- -- (3.1)
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Net earnings (loss) $ 52.1 $ 39.5 $ (8.4)
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Primary earnings per common and common equivalent share:
Earnings before extraordinary
loss and accounting change $ 1.57 $ 1.19 $ 0.24
Extraordinary loss - debt restructuring -- -- (0.40)
Change in accounting for
postemployment benefits -- -- (0.10)
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Net earnings (loss) $ 1.57 $ 1.19 $(0.26)
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2
UGI CORPORATION AND SUBSIDIARIES Exhibit (11)
COMPUTATION OF EARNINGS PER SHARE (Page 2 of 2)
(Millions, except per share amounts)
Year Ended
September 30,
----------------------------------
1997 1996 1995
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Fully diluted earnings per share:
Actual average common shares outstanding 33.0 33.1 32.7
Incremental shares issuable upon exercise
of stock options outstanding 0.2 0.1 --
------ ------ ------
Total shares for fully diluted computation 33.2 33.2 32.7
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Earnings applicable to common and common equivalent shares:
Earnings before extraordinary
loss and accounting change $ 52.1 $ 39.5 $ 7.9
Extraordinary loss - debt restructuring -- -- (13.2)
Change in accounting for
postemployment benefits -- -- (3.1)
------ ------ ------
Net earnings (loss) $ 52.1 $ 39.5 $ (8.4)
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Fully diluted earnings per common share:
Earnings before extraordinary
loss and accounting change $ 1.57 $ 1.19 $ 0.24
Extraordinary loss - debt restructuring -- -- (0.40)
Change in accounting for
postemployment benefits -- -- (0.10)
------ ------ ------
Net earnings (loss) $ 1.57 $ 1.19 $(0.26)
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